The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-01-04
NEW MANAGER FOR ]
/ BIG SAYINGS BANK
N. F. HAWLEY BECOMES HEAD OF
FARMERS AND MECHANICS.

S 4ls{ : Z 4
N. F. HAWLEY BECOMES HEAD OF
FARMERS AND MECHANICS.
Private interests Of e. II. Moulton Had
! Come to Make Such Heavy Demands
Upon Ills Time That He Request
the Change Directors Retain Him as
Vice President.
In accordance with the earnest desire
of Elder III. Moulton, secretary and
treasurer of the institution, that he be
relieved of the active management on
account of the detriment of the close |
service to his large private interests, /
the board of trustees Of the Farmers
& Mechanics Savings bank, in annual /
session yesterday, accepted the resigna-
tion Of Mr.. Moulton and elected N. r.
Hawley Of the firm of Belden, Hawley |
& Jameson, to succeed him. The trus-
tees, however, refused absolutely to dis
pense with the valuable counsel of Mr.
Moulton, and prevailed upon him to |
accept the second vice presidency Of the |
institution, in which capacity he will
remain it's experienced adviser.
The retirement Of Mr.. Moulton was
not unexpected. For two years he has
urged that the trustees permit him to-
withdraw and give his important pri-
vate interests the attention they de-.
mand. He was promised that his request |
would be granted as soon as an able
successor could be secured, and two
years were spent in careful quest for a
man man Of Of sufficient capability to under
was the man who passed the exacting
conditions Of the trustees and imme-
diately after his election, yesterday,
took active charge Of the Important
institution.
Mr.. Moulton's Work.
It was not without deep regret that
! the trustees accepted the resignation
of Mr.. Moulton, whose ability and per-
sistency elevated the bank from it's
small beginning. in 1874 to position
at the head Of institutions Of its kind
in the west. It was he who organized
the little bank Of IA. in the Hotel
Nicollet building, and to his efforts, al
most exclusively. has been due the re-
markable growth Of the institution to
the high place it occupies today.
Mr.. Moulton is president of the Twin
City Telephone company and the two
important long-distance companies al
lied with it. These interests, with his
other holdings have attained magni-
tude that demands his energetic and
exclusive service. Mr.. Moulton regret
ted to leave the bank which was such
a magnificent monument to his long
labor. but realized the necessity Of the
interests. The trustees saw the neces-
sity that he devote more time to these
interests, and generosity and evidence
Of appreciation of his labor with the
! bank prompted, finally, the acceptance
4 Of his resignation.
Mr.. Hawley, who succeeds. Mr.. Moul-
ton, is thoroly conversant with the at
fairs of the bank and capable of car
rying on successfully the work of his
/ predecessor. He has had charge, for
4 several years, Of important business Of
similar nature the Institution and has
: acquitted himself to the highest salts
faction of his clients. His connec-
tion with the law firm Of Belden,
I Hawley & Jameson alone is sufficient
sterling integrity. It is his intention
to discharge the functions Of his import
ant new office in the same manner the
institution was, So, successfully man
!, aged by, Mr.. Mou1top. " i ~ 90 4
i No Other Changes Made. IS
No other changes were made BY. the
! trustees. John De Laittre was re:elect,
ed president, Thomas Lowry, first vice
i president, with Mr.. Moulton as second
vice president The, trustees are H. G.
; Akely, John De Laittre, T. B. Janney
Thomas Lowry, Cavour Eangdon, y. Il
;, Monlton, William G: Northrup, Alfred
burn and N. F. HawRley. &
The following resolutions, which out;
line the present excellent condition and
remarkable growth Of the bank under
! Mr.. Moulton's management, and the
causes that prevailed upon the trustees
! to accept Mr.. Monlton' resignation
were passed yesterday. by the trustees
own private business has made it neces
sary that Elder Fl. Moulton retire
from the position Of treasurer and tn,
: Mechanics Savings bank, and -
. Whereas, Mr.. gMoulton was tn,
E founder Of this, bank and since its or
: ganization in the year 1874 has give1
! his constant, faithful and efficient ser
" vice to the upbuilding Of the bank, am
! during his administration Of it's affair
9 the deposits Of the bank hav
: increased to nearly thirteen millions O
:, dollars and its depositors to over fit,
q Thousand in number and, largely thrl
y his efforts, it has become the 1arges
n and strongest savings bank west Of Chi
: cage and one Of the most important pub
3 lie institutions Of the city, Of Minneapo
= lis.
!. Now, therefore, be it resolved, tina
: the board Of trustees of this bank doe
r hereby express its recognition Of tn
= pre-eminent service Of Mr.. Moulton a
e treasurer Of the bank and deems tina
g the bank and its depositors are to b
J. congratulated that he has accepted til
J. vice presidency of the bank, thereb
q giving the board the benefit Of his e5
! perience and ADVICE
|