Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1909-02-03

ing, Loan * Savings Association.
ties of the Office have fallen, was cho-
sen as Mr.. Guyer's successor. Mr..
Guyer retains his membership in the
board of directors. B. d. Connolly was
chosen solicitor, which position Mr.
Guyer also resigned.
The reasons which actuated the re-
ltiring secretary were given in the fol
lowing letter read at yesterdays meet
ing:
ITO the Board of Directors of the
Rock Island Mutual Building, Loan &
Savings Association.-Gen
For over % years l have been &C
| tive in the management of this, the
Oldest savings institution in the city.
During this time it has weathered the
storms of two panics and demonstra-
ted it's stability beyond question.
The policy of conservatism persist
entity followed during the last five
years has resulted in establishing its
business on a firmer foundation than
il ever occupied since it's inception.
| source of Pride.
ct has been a great source of pride
TO me that | have been permitted to
manage an institution that has been
uniformly profitable to its stockhold-
ers; that has been of so much benefit
in furnishing homes to hundreds of
people who, without the aid of the as
lgociation. would have been helpless;
THAT has been one of the most impor-
liant institutions in the growth of our
city; that has provided so much en-
lployment to labor
Its board of directors, likewise, in
nuenced by the above considerations.
has taken upon itself the burden of
Its duties inspired only by the public
land philanthropic service it was con
scious of performing. At its monthly
meetings a quorum always and gener
Tally full board has been present. 1t
lis entirely due to this devotion to their
trust that the association is now on SC
solid a foundation.
The stockholders. while enjoying q
return on their investments, greater
than any return they could get else
where, have nevertheless been influ
cnced largely in this choice of depos
itory by the public spirited considera
ton that their funds would be used il
building up their home city. furnish
employment for home labor, and be o
, benefit to home seekers.
ITO the stockholders and director.
am under great obligation for thu
trust they have reposed in me in thu
$50 long period, and it is with thu
deepest feeling that | now contemplate
the severance of the tie that has he'll
! me to the work for so long.
But there must be a change in al
organizations, and | believe it to b
;, better for the association that chang
of management should take place Will
q the conditions are most favorable
During a calm is the favorable time
take on pilot.
Going on "a Vacation.
81 have arranged for vacation c
u several months after March 1, and it
: my desire that you accept my resign;
= tion as secretary and attorney an
: elect my successor to take the offic
: on that date. My services as directo
= will be available to the end of m
: term.
"a building. association secretar
must, be responsive to the innumerabl
financial aspirations of it's stockhol'
ID ers. The advice sought pertains
lie 1.-THE accumulation and safeguarding {
Stfunds for the education and start
~ business of children. provision fo
lold age, sickness and death; but aboy