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X-6169 COPY UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OP MEW YORK FRANK &. RAICHLE, Plaintiff, -against- E 46 - 113 FEDERAL RESERVE BANK OF FEW YORK Defendant. Appearances Frank G. Raichle, Attorney f o r P l a i n t i f f , (Carlos C. Alden, of Counsel); Walter S. Logan, Counsel for Defendant, (Newton D. Baker, of Counsel). Wins low, D. J . At this l a t e day, the power of the dongreSs to e s t a b l i s h a banking system w i l l hardly he questioned. The necessary l i m i t a t i o n or r e s t r a i n t s and subjection of individual opinion to o f f i c i a l discretion incidental to the establishment and present operation of the n a t i o n a l banking system do not, in my judgment, run counter to the provisions of the F i f t h Amendment. A c a r e f u l study of the b i l l of Complaint leads me to the inevitable conclusion that i t does not s t a t e f a c t s s u f f i c i e n t to c o n s t i t u t e a cause of action. The b i l l w i l l be dismissed. New York, November 2, 1928. Francis S. finslow, U. S. D i s t r i c t Judgft.
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