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Cashier Lockhart Has Resigned At a meeting of the stockholders of the Bank of Ely held yesterday, J. M. Lockhart, for some time cashier of the institution, handed in his resignation which was accepted with the deepest regret and with much hesitation by the stockholders. The reason assigned by Mr. Lockhart for his action was his desire to return to the practice of law, which he will do in the near future. It was expected that election of officers would be taken up at this meeting but such was not the case. It is with expressions of the deepest regret that the bank views the departure of Mr. Lockhart to other fields of work and considerable hesitation marked their acton in receivng his resignation as cashier of the institution. Mr. Lockhart is a graduate of a law school, having devoted a number of years beside to the practice of his profession in other fields, before becoming cashier of the bank here. During his connection with the Bank of Ely he has made a host of friends who will without doubt seek him when he opens his offices here. He expects this to take place the latter part of this. week or the first of next, having already secured rooms over Clark's drug store on Aultman street. Although retiring from his position as cashier he will retain connection with the bank as legal adviser and will beside carry on considerable outside practice, making corporation practice his specialty. It was also decided to remove the bank from its present quarters at Ely to the new building in Ely City, while on account of the expense attached the Ely bank will be closed, at least for the time being. It is reported that in order to acquire more floor space the Graham Mercantile company will take advantage of the bank moving to enlarge their store, cutting a doorway in the wall of the bank building between it and their present large quarters. The move on the part of the bank is expected to take place next Saturday, which is the time set by the directors.
