New Britain herald., 1929-02-25
E. Allan Moore Retires as Chairman
 of Stanley Works Directors Board
P. B. Stanley Resigns IS Vice President-E. H. Cooper on Board - Pritchard and Pelton Promoted.

Dividends on both preferred and common stock of the Stanley Works were declared at the annual meet ing, Saturday afternoon. at which the resignation of E. Allan Moore as chairman of the board and or Philip B. Stanley from the vice pres idency, were accepted. Messrs. Moore and Stanley remain as mem- bers of the board.
 Resignation . Surprise
 The resiRnations were not gener- ally expected. Mir. Moore ascrioed poor health as his reason for retire. ment. No reason for Mir. Stanleys decision to quit was made pubic and President Clarence F. Bennett said today he did not feel free to discuss MT. Stanley's private busl- ness. Mr. Stanley is now in Europe.
 By vote of the stockholders, the by-laws were amended to do away with the office of chairman Of the board of directors and for that req son no successor to MT. Moore was named. MT. Stanley. before leaving on his European tour, had been i'll charge of the Stanley Rule & Level division. these duties having been d. vided in his absence between J. M. Burdick and Maxwell s. Coe.
 As had been forecast. Elisha Il. Cooper, chairman of the board of the Fafnir Bearing O.. was elected to the directorate to succeed the late NIeigs H. Whaples.
 Two Promotions
 R. E. Pritchard. formerly assistant treasurer. was elected to the board and named as a vice president. He was recently elected to the board Of directors of the New Britain Ma tional bank. Ernest w. Pelton. gen. oral superintendent for several years, was elected vice president and gen. eral manager.
 By vote of the directors. divi- dend of 1 1-c per cent. will be paid on preferred stock. May 15, to hold CTS of record on May 4. A common stock dividend of 1-2 per cent I will be paid April l, to holders o1 record on March 16.
 Directors and Officials
 The board or directors elected in' cludes: George P. Hart, E.. N. Stanley E. A. Moore, F c. Platt, c. 'F. Ben nett r. s. Chamberlain. P. B Stanley. Walter H. Hart. J. E. Stone A. w. Stanley and F G. Vibberts.
 Officers elected are: President c. F, Bennett; vice president anc counsel, Judge J. E. Cooper: vics presidents. Malcolm Farmer, w. H Hart, E. w. Pelton. R. E. Pritchart and J. E. Stone: treasurer. L. W Young: assistant treasurer. J B. Will bur, IT,; assistant secretaries. P. F
 King and M. H. Pease
 The retiring board chairman en tered the employ of the Stanle,
 Works in 1889, and became mem
 ber of the board in 1903. In l9O'
 he became second vice president, ad Ivancing to the position of first vic president in 1915. His election l.
 the presidency came in 1918, am five years later he succeeded Georg F. Hart as chairman of the board
 E. A. MO0re's Statement : Mir. Moore's statement to tn stockholders follows:
 ? T have now begun my fortiet
 year of continuous employment b
 this corporation. AS am about t
 relinquish my office as chairman ( 5 the board of directors, it might b Y expected that one who has been s l long in your employ and has occr pied the highest position in you B company. should give you tl7 B reasons for his action and some at ] count of his stewardship.
 "For the last few years the cond ton of my health has required Ion
 absence from home, and I can st f no way of avoiding this in il :, future. During all the period of n . service there has been unusual q f operation on the part of my ass