The San Francisco call., 1904-07-23
President Is Await
ing Resignation
Of Manager.
Company Sends Its Agent
to City to Adjust
Differences.
Retirement Of Official Depends on His
Disposition in Matter of a Tive
Years Contract.

The arrival here from New York of
William B. Wightman, assistant to
the president of the International
Banking Corporation. has been quickly
follc we'd by report that Colonel Fran
els c. Beck, local manager of the in
stitution, is soon to retire.
Although Wightman. who is staying
at the st. Francis Hotel, DECLINES to re-
ceive newspaper representatives or an
swer any inquiries over the phone rela-
tive to the report of Manager Beck's
retirement, it is generally understood
that the assistant to the president of
the big banking institution is here to
deal with the local manager regarding
his resignation.
According to information cleaned
from reliable sources Beck has declined
to resign unless the full amount of his
salary for two years, the period in
which he has contracted to serve the
company, is paid TO him.
The amount is said to be $50. 900 and
the officials of the company are be-
lieved to be dickering with the local
agree to compromise on much lower
figure.
The differences between Beck and the
head of the banking institution date
back more than six months, during
which time it is said that much corre-
spondence has been INDUCED in be-
tween manager and president relative
to the amount of money that should
be paid to the former in consideration
of his resignation. Beck is reported to
have refused to compromise, and some
time ago he engaged Attorney William
II. Metson to represent him in the mat
ter. Later Judge Henshaw became in
terested in the case. as a sort of me-
diator, and now that Wightman has
arrived here it is expected that the diff
ferences between Beck and the presi-
dent of the company will be amicably
adjusted.
1t was reported yesterday that the
Russo-C Chinese Bank. through one of it's
local representatives, had been nego-
tiating with Beck for his services. This
fact is said to have brought forth
suggestion from the International
Banking Corporation that Beck could
we'll afford to compromise with the lat
ter institution, as he would probably
suffer no financial loss. AS the matter
now stands the retirement of Manager
Peck rests entirely on the question as
to whether the International Banking
Corporation will pay the full amount
due him for two years service, under
an existing contract, or whether he will
finally agree to accept less.
Just what brought about a diagree-
ment between Manager Beck and the
higher officials of the bank is not
known. The fact that a breach exists
between him and the president, how
ever, is q subject that has been quietly
discussed in banking circles since
Wightman's arrival here two days ago.
Apparently the original information re-
garding the trouble came direct from
New York, for several prominent bank
ing men of this city appear to be very
we'll informed on the matter, although
they are not willing to discuss it for
publication.
Manager Beck is regarded as one OF
the best bank exchange experts in this
city IT was this reputation, gained
during his many years connection with
the Anglo Californian Bank, that was
materially responsible for his appoint
ment TO his present position with the
International Banking CORPORATION
Every possible effort is being made TO
keep the matter of his retirement a
secret, and no one connected with the
affair will consent to discuss it.