Western Carolina Democrat and French Broad hustler. [volume] (Hendersonville, N.C.) 1913-1915, 1915-12-09
CT COUNTY NEWS THAN ANY OTHER PAT
W. j. DAVIS RESIGto
PRESIDENT OF
r. C. Clarke Elected Pres
Bank 81 Trust Co.; III
Elected to Cilairmans.
w. ]. Davis has resigned the

w j. Davis has resigned the
dency of the First Bank & Trust
company R. G. Clarke has been el-e1
ed as Mr.. Davis successor. "a
The friends of Mr.. Davis will re-
gret to learn that he found it neces-
sary to resign on account of declining
health. Mr.. Davis has for a number
Of years been regarded as a substan-
t;al bank fixture. He was elected
president of the Commercial bank, or
which the First Bank is the successors
about ten years ago and has served
faithfully from year to year IN THIS
capacity He has always been regard
;. as one OF the banks strongest as
sets and it was with taa. the directors
accepted his resignation. Iney eject
ed Mr.. Davis as chairman OF tD board
of directors and he is to receive the i
same salary as was given him Whlle
he served as president OF TINS lnstltu-7
ton.
The letter of resignation and the
resolution from the bank directors are
of interest and are given herewith.
Mr.. Clarke, of the Clarke Hardware
company is well and favorably known
in this section and the fact that ne is
familiar with the banking business,
tee for a number of years, will make
his election to the Office of president
matter of interest to his friends who
have great confidence in his ability
and integrity as g. business man.
The letters from Mr.. Davis and the
bank resolutions follow:
.sTo the Honorable Board of Directors
of the First Bank Trust Co., OF
Hendersonyille, N. c.
Gentlemen:
"On account of my poor health /
find it necessary to retire from active
business life. and herewith tender my
resignation as President of The First
Bank and Trust Co. I have, for some
time, had this matter under consider
alton, but have not offered my res1g-
nation until this time, hoping that my
health would show Improvement. ~
find however. that must have COM :
plete rest, and: in order to do so 1t is
necessary that free myself from any
duty that would require my daily att
itention. I fully appreciate the honor
7 that has been conferred on me by rea-
son of the fact that + have been your
President, and wish to assure you that
the bank will still have my co@opera-
tion and support, and as stockhold-
er and director shall at all time have
the interest of the bank at heart
'Yours most respectfully, =
ST.lA,,-- w. J. DAVIS"
The following resolutions were
unanimously adopted by the board OF
directors:
Whereas our most worthy Pres1-
dent, w. J, Davis has become so atn1ct-
ed with physical infrmities, as TO
make him believe, that it his duty to
protect his health by giving up for
the time being at least. all matters OF
business requiring his attention or re-
curing him to put forth any exert1on
and for that reason has rendered his
resignation as President of the First
Bank & Trust Company; and whereas
the faithful, efficient influential work
and noble character Of Mr.. Davis has
been recognized by all people with
whom he has an acquaintance ana
whereas his eminent qualities and
personal influence has enabled him to
be of incalculable value to the bank
to an amount far in excess of any
compensation which has been paid
him: and whereas it is believed that
his present health will justify him and
il is devoutly hoped that his future
services incident to the Office Of
Chairman of the Board of Directors
now, therefore it is resolved:
First That deploring the ccnditiors
that have made it necessary for his
action, and with much hope for his
recovery we do hereby accept his
resignation as President and elect him
tc the position of Chairman of the
Board of Directors, at the same salary
he received while President.
Second, That the secretary of the
bank record this resolution in the
minutes of the bank to be perpetual
memorial of the great respect which
the bank and as well we think, the
people generally, entertain for our
loved, retiring President
BOARD OF HEALTH MEETING.