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Reproduced from the Unclassified I Declassified Holdings of the National Archives ;-*V; M ' / " , % ‘JV V ^ t '' Jjjl . V ‘V . .V rW*,'** ~ ' '>■ Reproduced from the Unclassified I Declassified Holdings of the National Archives Reproduced from the Unclassified I Declassified Holdings of the National Archives Form 2589 B W E S T E R U N IO N a. v * DAY S E T T E R y L * ~ ___________________________T H E O . N . V A IL . P R E S ID E N T _____________ R ECEIVED A T C7CH KN 4TBLUE 0 0 MG SO M (/ ^ # _57____ f /<* L IN C O L N NEB DEC 3 0 * 3 V V » -~ R E O ! ? HON WM G M C A 0 0 0 I SECY OF THE TREASURY I MOST H E A R T IL Y APPROVE AND TH A T A FE D E R A L RESERVE BANK NEEDED TO HOUSE A FE D E R A L IN THE REQUEST AMD L IN C O L N C L E A R IN G HOUSE A S S O C IA T IO N BE LOCATED BANK QUARTERS W I L L BE RESERVED f WASHINGTON DC- . E A R N E S TLY J O I N MADE BY L IN C O L N C O M M ER CIAL C LU B ! -C ; j ]£;:j IN L IN C O L N S U IT A B L E IN A N T I C I P A T I O N THEY MAY BE RESERVE BANK CHAS W BRYAN 621PM Reproduced from the Unclassified I Declassified Holdings of the National Archives Form 25S9 B HON WM 3 M C -A D O O , AS THE C A P IT A L C I T Y OF THE CENTRAL S T A T E OF THE X ' / M IDW CST AtJO G E O G R A P H IC A L LY LOCATED IN THE CENTER OF TH E N U H I TED S T A TE S THE L IN C O L N COMMERCIAL CLUB V.'ITH A M EM BERSHIP OF SEVENTEEN HUNDRED AND THE L IN C O L N C L E A R IN G HOUSE ASSN C O M P R IS IN G A L L THE BANKS OF T H I S C I T Y E A R N E S TLY REQUEST THE LO C A T IO N IN T H I S C I T Y OF ONE OF THE FE D E R A L RESERVE BANKS R A IL R O A D S ENTER L IN C O L N FROM EVERY ANGLE OF THE COMPASS AMD AS A RESERVE C I T Y NOW UNDER THE PRESENT LAW L IN C O L N IS SECOND TO NO C IT Y AS TO A B I L I T Y AND C O N VEN IEN C E TO SERVE THE B A N K IN G AND COMMERCIAL IN T E R E S T S OF A LARGE T E R R IT O R Y AS THE C I T Y WHERE B A N K IN G REFORM HAS BEEN ADVOCATED FOR TWENTY YEARS THE L O C A T IO N HEREOF A FED ER A L RESERVE BANK WOULD F I T T I N G L Y COMMEMORATE THE GREAT A C H IE V E M E N T IN BA N K IN G REFORM EMBODIED IN THE GLASS OWEN B I L L Vi/E HOPE THAT THE C L A IM S OF L IN C O L N W I L L BE C A R E F U L LY C O NSIDERED OF FED ER A L RESERVE BA N K S . BY THE CO M M IT TE E ON L O C A T IO N Reproduced from the Unclassified / Declassified Holdings of the National Archives Form 2589 Q W E S T E R U N IO N TH EO . N . V A IL , P R E S ID E N T RECEIVED A T CBCH SHEET TWO MC-ADOO V/ASHN DC C C Q U IG G L E , PRES L IN C O L N COMMERCIAL C L U B , H S FR E EM A N , P R E S • L IN C O L N C L E A R IN G H O U S E ,A S S N G44PM Reproduced from the Unclassified I Declassified Holdings of the National Archives STANDING COMMITTEES OFFICERS Finance, Membership and Or ganization George Coupland, Pres., Elgin Frank Tannehill, 1st V-Pres., Norfolk J. B. Grinnell, 2d V-Pres., Papillion E. M. Pollard, 3d V-Pres., Nehawka W. S. Delano, Sec.-Treas., Lincoln N e b r a s k a F a r m e r s Geo. Coupland, Chairman, Elgin Legislative F. G. Odell, Chairman, Lincoln C o n g r e s s Delegate to National Farmers’ Congress Insurance Logan Rogers, Chairman, Rokeby Co-Operative Enterprises E. P. Hubbard, Chairman, Juniata W. H. Campbell, Clarks / J Lincoln Nebr Febr 6 ,1914 Regional Bank Organization Committee, Washington D. C. Gentlemen: Complying with my promise to you/when in Lincoln on the 24th ultimo,i am transmitting a brief relating to the location of a regional bank in Nebraska in the interest of the farming interests. As you will readily recall,I appeared before you upon your invitation to the general public, after the banking interests had presented their testimony ,and without special preparation. More careful study of condi tions may show slight changes in my statement,when before you,, and where differences may appear I wish your record may be changed accordingly. I am writing from Lincoln as ray family is in Lincoln during the school year for school purposes and part of my time is spent in Lincoln- in the winter months, when I can leave the farm for a time. I may assure you that I heartily favor a special rural credits system , yet whatever may be inaugerated along that line will be in some degree connected with the the general banking system. I do not know the intent of t&e. Hxfceuf ive~as~to making appointments outside of the financial interests .when naming gentlemen for theReserve Board ,but if various interests are to be represented why should not the agricultural interests of the country have at least one representative upon that board’ Thanking you for the courtesy shown me as a representative of the agricultural interests j have the honor to be , Very truly yours. Reproduced from the Unclassified I Declassified Holdings of the National Archives BRIEF SUBMITTED BY W. S. DELANO, WESTTOVILLE NEBRASKA. To the Regional Bank Organization Committee, Washington D. C* Gentlemen: Herewith I submit facts in the interest of the farmers of the great North Central States relative to the location of regional banks *and especially those in Nebraska and contiguous territory. First ,1 invite your attention to the agricultural wealth of these state as shown by the census returns for 1900 and 1910 with the increase during the decade and percentage of increase. All Farm Property 1910,$3,905,331,075 1900 ?3 ,004,316,897 State Illinois PersonalFarm Property, f 671,2 69,332 #401,113 ,8-S3 '■! ""J7'0”,T5'S,13OT Per cent increase 94* 85 1910# 3,745,860,544 1900' 1,834,345,540 low a. ^707,669,494 "474,382,643 ~ T W lX 7 b T £ 7 O T S " Per cent increase 104,2$ 191 Of2 ,079,818 ,.-347 1900 747,850,057 Nebraska T 7 3 3 T 7 9 E B 7 5 9 IJ Per cent increase 178, 1$ Michigan #114,863,714 33 6,988,634 ~ X 7 T ;iT h mJ59U'~ 74$ Per cent -increase 57.7$ <*299,808,476 171,6 68,3 59 "128,140,117~ 74$ 1910 #'1,809,135,238 978,616,471 #878,069,913 232,052,274 1910 §1,088,858,379 1900 "90,355,734 I n d ia n a 49$ Per cent increase 84,9 Wisconsin 1910 |1,413,118,785 1900 811,713,319 isir Per cent increa8e~7'4,1 Minnesota 1910 $1,473,411,737 I P 7 88 ,"84, '42 Per e o n r B T O s m p 9 B 7 .2^ Per cent increase 87,2% South Dakotal910 $1,166,096,980 297,525,303 ~8S8/571,-'578 Per cent increase 291,9^ 1910 |2,039,389,910 1900 8 64,100,353 Kansas #3 0 6,888,699 184,469,998 .122 ,"418 •» J OjO |347,473,344 204,758,034 “X 4S;7I5;3I0C . 69$ 1351,529,989 109,176,278 “143,4537ril 75$ #485,009,300 301,347,431 IS1T5JSB?J3J4 Per cent increase 13 'y Missouri 1910 $2,052,917,488 1900 1,032, 121,897 Per cent InntAaflfl ,^ ^ ^ 5 4 $ 5506,502,832 381,995,030 321,B07,802 7 fr> Reproduced from the Unclassified I Declassified Holdings of the National Archives H o, 2 . Second.-Grouping these states around Chicago as a central point for the eastern section and Omaha for the western portion we find the following arrangement as to agricultural wealth. For ChicagoIllinois Michigan Wisconsin Minnesota Indiana Iowa-half T ot al All $$,905,321,075 1,088,858,379 1,413,118,785 1,476,411,737 1,809,135,238 1,872,930,272 |11,5657775,435“ Nebraska So, Dakota Kansas Missouri Iowa-hal f T ot al $2 ,o79,818,647 1,166,096,980 2,039,389,910 2,052,917,488 _1,873,930,272 fy ,j51l,153,297 Personal $671,369,382 299,808,476 306,888,699 347,473,344 378,069,913 353,834,747 f2357,"3"4¥75Br For Omaha~ $414,963,714 251,629,989 465,009,300 506,502,832 353,834,747 ^|1,9917940, t>83 While the western group does not contain as large amount of agricultural wealth as the eastern section,the much larger increase in percentages indicates that the western section will probably equal the eastern sectionyif not surpass it, in agricultural wealth in the near future The three central states of this grouping-Illinois,iowa and Hebraaka contain of agricultural wealthf9,731,000,266 or almost one fourth of the entire agricultural wealth of the United States, As the regional bank system is intended to accomplish the greatest good to the greatest number it follows that the farming interests must be considered in the establishment of these banks, and the distribution of agricultural wealth as shown above merits your favorable consideration, OuT farmers are justly entitled to have the benefits to be derived from the wealth they produce, and any surplus moneys resulting from their labors should be retained as near as possible to them, to aid in further development,A great economic principle is involved in this question, and that is, that this section so wonderfully rich in the elements of agricultural production should be protected,that the food supply of the Hat ion may not be impaired. As to the relation that Agricultural wealth bears, to all wealth in this territory, I submit such facts as I have been able to secure. For Hebraska, I find that three fifths of the property returned by th eassessors is owned by the farmers .In Iowa 66 per cent is agri cultural^ and in Kansas 58 per cent. i Relative to the city that would best accommodate Nebraska farmers I find thatafter careful consideration that there is little difference as between Lincoln or Omaha as about half of them have quicker mail service to one city and the other half have quicker service to the other city. Individually,! find Lincoln two or three hours nearer than Omaha. Reproduced from the Unclassified I Declassified Holdings of the National Archives l@T f Sm, an* 31, 1914. W E DO N O T S E L L TO C A T A L O G U E H O U S E S . Eon* Wm. J. McAdoo, Washington, D* C. Dear Sir:Kesponding to your suggestion at the Lincoln meeting on the matter of the location of a Regional na tional Bank at this point. We give you percentage of our distribution in the various states covered, which we trust you will find correct and satisfactory. I d a h o ............... . Colorado. . . . . . . . 1 2 South Dakota. . . . . . 5 Iowa. . ............... 15 Kansas. . . . . . . . . 2 2STshra ska • • • • • » • * 50 Wyoming . . . . . . . . 10 Utah. . ............... 5 Reproduced from the Unclassified I Declassified Holdings of the National Archives WS5 Febraaxy 3, 1914* Slrt This office ia in receipt of your letter of January Slat* addressed to Secretary M M L oo* supplying infonaatlon a© to the percentage of jowt distribution In various States. » m m will be filed sad sailed to tfoe ao®*aitteefe atten tion . Beopeotfuller* Secretary, Beeerve B*b& Organisat ion Committee. Hr* 3:. w. Wright* nfr l ^ s t & W llb e to y 0 o « t Onaba, Hebraaictt. Reproduced from the Unclassified / Declassified Holdings of the National Archives on e March 4 th f 1914* Sir* By <1i r o o t l tm o f tho Chairm&a, I beg t o aektioiirladga the racaSpt o f your l a t t e r o f February S8th tran orslti ingt a m s ta te d , e o r ta la data proparesl b y Mr* P* I*. H a llt Dem ocratic Hat* on a 1 Commit to scran from Ho~ braeka* in su p port o f tho o l a i m of hlnoln m a proper l o e a t i on f o r one o f tho Faciar- a l Rosenre Banka# Zn reply* I bag to a$vli»e th at t h !» data w i l l bo rlaced with tho oth ar L in co ln e x h ib it s so th a t a l l may be e on e! do rad! by the Coramittee ^han Jt Is d e t s r a in is g th is q u estloa * Reaps at f til ly». S ecretary* Resonre Bank O rganiaation Committea. Boa* John A* M&guiret Bowse o f R epresentative® * Reproduced from the Unclassified / Declassified Holdings of the National Archives S ix t y -S e c o n d C o n g r e s s . JOHN LAMB, VA.. CHAIRMAN. ASBURY F. LEVER, S. C. AUGUSTUS O. STANLEY. KY. GORDON LEE. GA. EZEKIEL S. .CANDLER. JR., MISS. J. THOMAS HEFLIN. ALA. JAMES T. MC DERMOTT. ILL. JOHN A. UAGUIRE, NEBR. JOHN J.WHITACRE. OHIO. CHARLES A. TALCOTT, N.Y. THOMAS L. RUBEY, MO. JOSEPH TAGGART, KANS. JAMES YOUNG, TEX. M. JACOWAY, ARK. GILBERT N. HAUGEN. IOWA/ JAMES C. MCLAUGHLIN. MKH. WILLIS C. HAWLEY, OREG. I JOSEPH HOWELL. UTAH. LOUIS B. HANNA. HANNA, N. DAK DAK. FRANK PLUMLEY, VT. JAMES S. SIMMONS. N. Y N.Y. 0 o i4 v m iW e e U. M. TYLER. CLERK. o n February 28, 1914. Hon. W. Gr, McAdoo, Secretary of the Treasury, Chairman Eeserve Bank Organization Committee, Washington, D . C . Dear Sir; I am in receipt of the following enumerated information from P. L. Hall, Democratic National Committeeman from Nebr aska and President of the Central national Bank of Lincoln, Nebraska, all in support of Lincoln as a location for one of the Federal Eeserve Banks and I am herewith forwarding this data to you for the consideration of the Eeserve Bank Organ ization Committee: AnaJ|rfii$ of the earnings of Bailroaas in Nebraska or passing through Nebraska. Comparison of territory based on IE districts (Banks) east and west of the Mississippi River. Bank data for entire S*ate of Nebraska. MAR 4 Proposed Lincoln district based on 8 districts. 1 Ui - Proposed Lincoln district based Proposed Lincoln district based on 12 districts. Proposed Lincoln district, National and State Banks com bined under 8 # 1 0 , and 1 2 districts. Tentative assignment of territory and recapitulation under 8 , 1 0 , and 1 2 districts. Reproduced from the Unclassified I Declassified Holdings of the National Archives S ix t y - S e c o n d C o n g r e s s . JOHN LAMB, VA.. CHAIRMAN. ASBURY F. LEVER. S. C. AUGUSTUS O. STANLEY. KY. GORDON LEE. S A . EZEKIEL S. CANDLER. JR., MI8S. J . THOMAS HEFLIN. ALA. JAMES T. MC DERMOTT. ILL. JOHN A. MAGUIRE. NEBR. JOHN J. WHITACRE. OHIO. GILBERT N. HAUSEN, IOWA. JAMES C. MCLAUSHLIN. MICH. WILLIS C. HAWLEY. ORES. JOSEPH HOWELL, UTAH. LOUIS B. HANNA, N. DAK. FRANK PLUMLEY, VT. JAMES S. SIMMONS, N. Y. N .Y CHARLES A. TALCOTT, N .Y . THOMAS L. RUBEY. MO. JOSEPH TAGGART. KANS. JAMES YOUNG. TEX. Tentative assignment of territory on basis of the estab lishment of 8 Regional Banks. Tentative assignment of territory on basis of the estab lishment of 10 Regional Banks. Tentative assignment of territory on basis of the estab lishment of 12 Regional Basks. Grain handled by Lincoln firms year ending Dec, 31, 1913 in the form of 6 sheets of printed extracts. Statistical data, 5 sheets of printed extracts, relative to crop production of Nebraska and the statistics of business for Lincoln. It seems that when fou were la Lincoln holding the hear ings that you requested P. L. Hall to gite you a definition of commercial paper and I am herewith enclosing from him a statement of this character of paper as defined by him* All of the above I am herewith enclosing to you for con sideration in connection with the proposed location of one of the Federal Reserve Banks at Lincoln, Nebraska. Yery truly yours# Reproduced from the Unclassified I Declassified Holdings of the National Archives S ix t y -T h ir d c o n o r k b s . One copy filed with each member of the Committee. ASBURY P. LEVER, S . C.. CHAIRMAN. CORDON L E I. « A . 0ILBERT N. H AUSIN, IOWA. EZEKIEL S. CANDLER JR., MISS. JAMES C. MC LAUGHL1N. MICH. J. THOMAS HEFLIN. ALA. WILLIS C. HAWLEY. OREO. JAMES T. MC DERMOTT, ILL. JOHN A. MAGUIRE, NEBR. JOSEPH HOWELL. UTAH. CHARLES H. SLOAN, NEBR. THOMAS L. RUBEY. MO. HENRY T. HELQESEN. N. DAK. JAMES YOUNG, TEX. CHARLES E. PATTON, PA. H. M. JACOWAY, ARK. RALPH W. MOSS, IND. • HK y LESHER PA J. KUHIO KALANIANAOLE, HAWAII, a\ d>. R 'R .T 6HVa^fvi'n<^to/n 1 5 ). S x hI S f jJ S iJ ^ E Y DOOLITTLE. KANS. D. S. UURPH. CLERK. - March 6 , 1914*- (rr H j J ia*q 71 Ho n . William G. McAdoo, Secretary of the Treasury ^ Hon. David P. Houston, Secretary of Agriculture, Hon. John Skelton Williams, Comptroller of the C^rr^as&y, / Acting as " THE RESERVE BATC ORGAIflZATIOJP COMMITTEE Dear Sirs; I am here supplementing what I c a l M d to your attention on an earlier date in support of LinoolnlTHebraska, my home city, as a point for the location of one of the federal Rgsfyy^-Banks. 9?hiS is also to be considered in connection iffiLth the hearings held in Lincoln by your committee at the request of its citizens and the citizens of surrounding territory. While there is much to be said on several points I wish to group what I have to offer for Lincoln around three general heads: Location in an Agricultural territory. As a railroad point and center of communicatfbn and distribut ion. Banking, Business and Commercial power of the territory. The last is largely a question of facts; the first two have to do not alone with facts but likewise with the proper application of the theory and policy of this new Regional Banking Law, Lincoln is the center of the most exclusively intensified agricultural region of any great extent in the United States. It cannot well be overlooked in the location of these banks that i Reproduced from the Unclassified I Declassified Holdings of the National Archives S i x t y - T h ir d c o n g r e s s , ASBURY F. LEVER, S. C., CHAIRMAN. GORDON LEE. GA. GILBERT N. HAUGEN, IOWA. EZEKIEL S. CANDLER JR.. MISS, JAMES C. MC LAUGHLIN. MICH. J. THOMAS HEFLIN. ALA. WILLIS C. HAWLEY. OREG. JAMES T. MC DERMOTT, ILL. JOSEPH HOWELL, UTAH. JOHN A. MAGUIRE, NEBR. CHARLES H. SLOAN, NEBR. THOMAS L. RUBEY. MO. HENRY T. HELGESEN. N. DAK. JAMES YOUNG, TEX. CHARLES E. PATTON, PA. H. M. JACOWAY, ARK. J. KUHIO KALANIANAOLE, HAWAII. RALPH W. MOSS, IND. HN V. LESHER. PA. HAEL K. REILLY, WIS. AMIN I. TAYLOR. N. Y. ^EY DOOLITTLE. KANS. D. S. MURPH. CLERK. Sowwittee ow agriculture, as a whole the country over, is by far the largest part of the productive industry of our country. Agriculture gives to us the great field of peaceful independent producers the field where a man institutes and operates a bus iress under his own supervision and management and becomes an independent contributor to the Nation*s wealth and our Country’s prosper ity. The establishment of at least one of these banks in such a locality as Lincoln, uninfluenced by intensified business centers and financial control, would it seems to me be in accord ance with the spirit of the legislative intent and in harmony with the soundest economic principles and purest public policy. One of the faults of the banking system under which we have lived so long is its failure to encourage the independent producer of rural wealth or permit him to hold his rightful place as a contributor to the wealth and Y/elfare of the country. The theory of the Regional Bank, as opposed to a central bank theory, is to remove as far as consistent with sound bank ing practices the banking operations from the predominating financial influences and to retain the money and banking oper ations and business connections in the locality where needed to carry on the normal business of the people. Agricultural paper in our banking systems has been discredited and deprived of a rightful market by banking and big business influences. One thing kept fully in mind by the Legislators in shaping the new Law Has Reproduced from the Unclassified I Declassified Holdings of the National Archives s ix t y »T h ir d C o n g r e s s . ASBURY F. LEVER, S. C., CHAIRMAN. GORDON LEE, GA. GILBERT N. HAUGEN. IOWA. EZEKIEL S. CANDLER JR.. MISS. JAMES C. MCLAUGHLIN, MICH. J. THOMAS HEFLIN, ALA. WILLIS C. HAWLEY. OREG. JAMES T. MC DERMOTT, ILL. JOSEPH HOWELL. UTAH. JOHN A. MAGUIRE, NEBR. CHARLES H. SLOAN, NEBR. THOMAS L. RUBEY, MO. HENRY T. HELGESEN, N. DAK. JAMES YOUNG, TEX, CHARLES E. PATTON, PA. H. M. JACOWAY, ARK. J. KUHIO KALAN1ANAOLE. HAWAII. RALPH W. MOSS. IND. HN V. LESHER. PA. HAEL K. REILLY, WIS. AMIN I. TAYLOR, N. Y. 4.EY DOOLITTLE. KANS. D. S. MURPH. CLERK. Cowwittee on to give assurance that paper arising from Agricultural tran sactions will be given its full strength and credit in the commercial and banking world. A bank in such a territory would give the best guaranty at the very outset to the great number of smaller banks and to the patrons of these banks that this law was to make banking operations in fact what the enactment intend ed. These are largely administrative and not commercial banks and therefore need not, of necessity, be in what is commonly termed a financial or commercial center. They will be the in struments through which the controlling and supervising arm of the government will exercise its power and direct the banking policy. A small city with ample local conveniences combined with first class mail and railroad facilities into the territory to be served, it seems to me, is what is most needed in a location. Ho doubt railroad facilities and easy communication between the Federal Bank and the territory to be served will be considered as a necessary requirement. A study and examination of its trunk lines and laterals with connecting lines readily reveals this requirement as fully supplied in Lincoln. There are daily 46 incoming and 45 outgoing mail and passenger trains. The great bulk of the mail put in transit either at Lincoln or at points of average distance in the suggested territory would reach its destination on the same day. As a postal center Lincoln ranks Reproduced from the Unclassified I Declassified Holdings of the National Archives ASBURY F. LEVER. S. C .. CHAIRMAN. GILBERT N. HAUGEN. IOWA. EZEKIEL S. CANDLER JR.. MISS. J. THOMAS HEFLIN. ALA. WILLIS C . HAWLEY. OREG. JAMES C. MC LAUGHLIN, MICH. JAMES T. MC DERMOTT. ILL. JOSEPH HOWELL. UTAH. JOHN A . MAGUIRE. NEBR. CHARLES H. SLOAN. NEBR. THOMAS L. RUBEY. MO. HENRY T. HELOESEN. N. DAK. JAMES YOUNG, TEX, CHARLES E. PATTON. PA. J. KUHI0 KALAN1ANA0LE. HAWAII. H. M. JACOWAY. ARK. 04/1, 6 1 CLrAX'AA^AA^yO. RALPH W. MOSS. INO. JOHN V . LESHER. PA. MCHAEL K. REILLY. WIS. NJAMIN I. TAYLOR. N. Y. «IOLEY DOOLITTLE. KANS. very high in the amount of mail handled. While the postal re ceipts for the calender year 1913, amounting to $403,398.10 may have purely a local application still it indicates in a way the postal conveniences as a location. The hulk of the every day business between one of these banks and a member bank in the district will be through the postal service. Prom many financial and banking sources in other parts of the country constant and repeated attempts were made to break down and discredit the legislation and the theory upon which the law is based. In view of the revelations of the Money Trust Investigation and the common knowledge that financial centers had dominated the big transactions in transportation, finance and the development of the Nation*s resources it is reasonable that the people would still view with some suspicion the new system until finally demonstrated. Out of th&s may easily grow the suggestion that the surest way to speedily and fully encourage confidence is to locate at least part of these banks in localities removed from large con gested centers which have heretofore unduly influenced banking business. The people of Lincoln and vicinity are in full sympathy with the enactment; the quick responses of its banks requesting admission is evidence of the earnest and enthusiastic co-operation of the banks and the people. The administration of a Reserve Bank will be made easy by such whole-hearted and continuing support. Reproduced from the Unclassified I Declassified Holdings of the National Archives S I X T Y 'T M I R D C O N « M t 8 . ASBURY P. LEVER, 8 . C.. CHAIRMAN. GILBERT N. HAUOEN. IOWA. EZEKIEL S. CANDLER JR., MISS. JAMES C. MC LAUGHLIH. MICH. J, THOMAS HEFLIN, ALA. JAMES T. MC DERMOTT. ILL. WILLIS C. HAWLEY. OREG. JOHN A. MAGUIRE. NEBR. THOMAS L. RUBEY. MO. fiowwittee o w JOSEPH HOWELL. UTAH. CHARLES H. SLOAN, NEBR. GLaziot HENRY T. HELGESEH. N. DAK. JAMES YOUNG, TEX. CHARLESE. PATTON. PA. H. M. JACOWAY. ARK. J. KUHIO KALAN1ANAOLE, HAWAII. RALPH W. MOSS, IND. HN V. LESHER, PA. MAIL K. REILLY. WIS. AMIN I. TAYLOR, N. Y. .LEY DOOLITTLE. KANS. I am presenting my reasons briefly because you already have before you .the very carefully prepared hearing held in Lincoln and because you have a large number of these hearings to go over from many cities. Information and statistics relating to transportation, banking and all other lines of business were supplied in Lincoln for the suggested territory based on 8 , 10, and 12 Regional Banks. The statistical information fully and carefully reflects the banking power of the Lincoln territory. I will not restate the statistical information on which the hearings were based but fully concur in what was there present ed. In the large undertaking before you I an confident that you will fully, honestly and carefully weigh the larger considerations in the interests of the Nationfs 7/elfare. I therefore submit to you the foregoing in support of a Reserve Bank at Lincoln, Nebraska. Very truly yours Reproduced from the Unclassified / Declassified Holdings of the National Archives Sardi 1C. 19X4. S ir i On todbt&t of the Organization Coraaitte© 1 M g to acJcnowle<le© the re ce ip t o f your le t t e r o f Jtoch ©tli# advancing arganent* in support o f the claims o f Lincoln* Nebraska* to be named ae tb© loca tion fo r erne o f the Federal Beserve b a n k er I stall tafee pleasure la giving instruc tions 'tbat your letter is to b© so filed that it may be available for consideration by the Commit tee «Kum& it is determining this (juaafcioEu Beepectftilly* Secretary, Msmvm Bans Grganisatioa Ooraraittoe* Eon* JoSm A. J8agulr©# House of Representatives • Reproduced from the Unclassified I Declassified Holdings of the National Archives "x s J Reproduced from the Unclassified I Declassified Holdings of the National Archives T H E L IN C O L N M A R K E T . N othing is m ore noticeable in the grow th and progress o f Lincoln thna the steady developm ent and advancem ent o f its w holesale inter ests. As a w holesale city, Lincoln is grow ing as rapidly proportion ately as any o f its com petitors in the M issouri valley territory. The growth of Lincoln jobbin g interests are o f the m ost substantial char acter. The older houses are steadily adding to their resources and volum e o f business and new interests centerin g here are finding to their entire satisfaction that there is no better city in the W est for a distributing business than is Lincoln. A marked characteristic ‘o f the Lincoln m arket is th e fa cility with w hich job bers deliver their orders over to buyers. It is the m arket of quick response in this particular above any oth er and the appreciation of this fact is adding steadily in itself to the volum e o f the Lincoln w holesale trade. Transportation facilities could not be better than those possessed by Lincoln. F or the state o f Nebraska, three-fourchs o f the towns in the state find in L incoln their nearest market, and this feature applies w ith equal fo r ce to a large extent o f territory in the northw est tributary to this city and that enjoys the same advantages in regard to tim e o f service that the nearer points enjoy. Train service from L incoln fo r distribution has been steadily im proved. The facilities here are such that orders received from ov e r the state any tim e before the middle o f the afternoon ar filled the same day and at night are on their way to their destination, so that in all cases of haste and em ergency, goods for a distance o f 150 to 200 m iles are delivered to buyers within thirty-six hours after the order goes in. The tendency o f the tim es in buying and selling o f m erchandise is to buy often and in sm aller quantities. The tim e w as w hen m erchants only w ent to m arket three o r fou r tim es a year, but m odern develop ment in m erchandising now m akes it profitable to follow the policy o f frequent buying and this is m ade possible by ju st such service as the Lin coln m arket affords. In a policy o f this kind, a policy o f frequent buying, the occa sion s increase and multiply w hen the n ecessity com es to retail m erchants to get new supplies in the shortest tim e possible. And here again L incoln has its distinct advantage in being the m arket o f quick response and along these lines job bers are m aking every effort to give to their patrons the rapid service w hich they often re quire. T h e distributing rates from Lincoln are m ore firmly than ever fixed upon a basis equal to that enjoyed by any w holesale city. There was for som e years the n ecessity fo r constant attention to rates to preserve rates already secured and to get adjustm ent on rates that from time to tim e w ere put in that w ere against the city. Now, through the interstate com m erce com m ission and its final orders, Lincoln in every rate m ust take, when changes are made, its ow n basis, the same as that given to M issouri river cities, and job bin g interests now en joy that perm anency in rates w hich are alm ost a n ecessity in order to make the field and the location an inviting on e fo r new business. W h ile there is a tendency o f the tim es to the consolidation in job bin g interests, as w ell as in many other lines, and while som e con solidations have been effected in Lincoln in w holesale business that has reduced the num ber o f old houses, y et there are a num ber o f new houses that have been established in the past year so that the num ber o f houses has n ot decreased, and on the other hand, htere has been a large increase in the force o f traveling men representing Lincoln houses, and as the record shows elsewhere, there has been an excellent progress made in 1913 in the volum e o f business handled b y Lin coln w holesalers. The best evidence as to the value o f L in coln as a location fo r a w holesale and job bin g business is found in the suc cess that houses established and prosperous here have made. Al m ost w ithout exception the larger houses in this city have builded in the years o f their existence from the ground up. There are houses here doing an annual w holesale business around the m illion dollar mark that from the sm allest beginnings have achieved their present success. It is doubtful if there is a city anywhere that can point to m ore illustrations o f big business com ing up from the m ost re stricted beginnings than can Lincoln. A close investigation o f the Lincoln field for w holesale business is always urged upon those seeking locations. A little study o f w hat w holesale houses here have accom plished ought to satisfy the m ost critical and exacting that no better city can be found in w hich to locate. Som e cities have an appearance and attractiveness in job bin g lines that investi gation w ill show superficial and not representative o f actual condi tions. This is not true o f Lincoln and the closer investigations that are made the m ore conclusive, the eviden ce w ill be that Lincoln is a good city in w hich to locate and build business. Reproduced from the Unclassified I Declassified Holdings of the National Archives % N E B R A S K A ’S G R E A T T E N -Y E A R RECORD. This state has had an unbroken record o f large crop production fo r seven teen years. The record o f the last ten years is given herewith. This record is the governm ent final record for each year, the m ost conservative and care fully com piled record o f crop production in the nation: Nebraska Corn Crop by Years. Bushels. 1903 ........................................172 389,532 1904 .................................................................................... ......................... ..........200,942,335 1905 ........................................................... 263,551,772 1906 ...................................................................................... ..249,782,500 1907 .................................................................................... 179,328,482 1908 ............................................................................205,767,000 1900 .................................................................... ..................................................... 196,565,00:0 1910 ................................................................................ 207,948,00.0 1911 ....................................................................... 168,000,0010 1912 ..................................................... 189,350,00:0 W heat Crop by Years. 1903 42,147,560 1904 ......................................................................................................... 31,453,943 190*5 .......................................................................................................................... 48,022,003 1906 52,288,692 1907 ......................................................................................................... 45,868,000 1908 44,285,86-0 ................................................................... .......... 45,596,800 1909 1910 34,850,000, 1911 36,777,000 1912 ..................................................................... 55,610,000 Oat Crop by Years. 1903 . . . 59,426,658 1904 ... .................................................... ........ 59,600,000 1905 ............................................................... .............................. .. 78,552,878( ............................................... 78,461,888* 1906 1, 1907 53,622,262 1908 ............................................................... 56,078,528 1909 .............................................................................. 61,825,060 1910 ............................................................................................ .. 74,200,000 1911 .................................................................................... 36,474,000 1912 .......................... ........................... .................................................................. 56,420,000 Back o f the ten years’ record the follow in g statistics from early days are not uninteresting: In the year 1866 Nebraska produced 2,095,030 bushels o f corn, and in the same year 257,839 bushels o f wheat. In the year .1876 Nebraska produced 25,500,000 bushels o f corn and 4,330,O’OO bushels o f wheat. In the year 1886 this state advanced to the production o f 106,120,000 bushels o f corn and 17,400,000 bushels o f wheat. In the year 1896 the corn production o f Nebraska w as 298,509,000 bushels and the wheat production was 19,300,000 bushels. The magnitude o f the production o f corn in the United States is shown in the production in the leading states as taken from the governm ent reports. T h e follow in g is the production o f sixteen states leading in the production of this cereal for the years 1911 and 1912: Bushels Bushels States. 1911 .States. 1912 Illinois ................................. 365,504,000 Iow a ....................................... 432,621,000 Iow a ....................................... 307,382,000 Illinois ................................. 428,452,000 M issouri ................................213,642,000 M issouri ............................... 243,904,000 'Indiana ............................... 189,440,000 Kansas ............................... .. 200,361,000 N ebraska ..............................168,000,000. Indiana ................................. 200,354,000 Ohio ...... : ............................ 148,254,000 Nebraska ...... ...................... 189,350,000 Kansas ................................. 139,338,000 Ohio ...................................... .175,266',000 K entucky ............................. 97,759,000 Texas ...... ...................... 151,300,000 Texas .................................... 96,096,000' K entucky ............................. 109,440,000 T ennessee ......................... .. 95,390,000 Oklahoma ........................... 101,878,000 G eorgia ...... .......................... 73,332,000 Tennessee ........................... 86,622,000 M ichigan ............................. 70,140,000 M innesota ........................... 84,9<75,000 M ississippi ......................... 62,251,000 South Dakota ..................... 76,347,000 W iscon sin ........................... 58,202,000 Arkansas ............................. $9,987,000 South Dakota ..................... 51,884,000 M ississippi ......................... 56,840,000 M ichigan ............................. 56,121,000 Oklahoma ....................... . 46,371,000 It w ill b e noted in the above table that N ebraska this year holds sixth place am ong the states in corn production, as against fifth place one year ago. In the last ten years Nebraska has been in third place six times, in second place once, and in 1896 it w as in first place. Reproduced from the Unclassified I Declassified Holdings of the National Archives N E B R A S K A ’S RECORD IN U. S. CENSUS. Nebraska has an area of 49,157,120 acres. Of this there w ere 38,622,021 acres in farm s in 1910, an increase o f 8,710,242 acres, or 29.1 per cent over 1900. The acreage of im proved land in farm s in 1910 was 24,382,577 acres, an increase o f 5,949,982 acres, or 32.3 per cent in ten years. This left 14,239,444 acres of land in farms still to be “ tickled by the plow .” In al( there were 24,774,542 acres of the total area of the state still to be developed to the agricultural possibilities of which it is capable, comprising nearly onehalf of the state. N ebraska had 129,678 farm s in 1910, an increase o f 8,153, or 6.7 per cent over 1900. Taking several o f the principal agricultural states, in Illinois the num ber o f farm s decreased 4.6 per cent in 1910, from 1900; Iow a decreased 5.1 per cent; M issouri decreased 2.7 per cent; M innesota increased 1 per cent; Kansas increased 2.7 per cent; W iscon sin increased 4.3 per cent, and Nebraska- increased 6.7 perjceiat. j _ri,it._______________ _- ..... In this percentage of increase Nebraska led every northern state from the Missouri river to the Atlantic ocean. .^ Neljraska had a rural population o f 881,362 in 1910, an increase o f 76,915 in ten years. F or the sam e period, Iow a shows a decrease o f 7.2 per cent, Indiana a decrease of 5.1 per cent, M issouri a decrease o f 3.5 per cent. Illinois show s an increase o f 0.3 per cent, M ichigan 2.0 per cent, W iscon sin 5.7 per cent, Kansas 7.3 per cent, M innesota 7.7 per cent and Nebraska 9.6 per cent. Nebraska rose in rank as an agricultural state from thirteenth in 1900 to fourth in 1910, Illinois, Iowa and Texas ranking her in the order named. But in the percentage of increase in agricultural wealth Nebraska has beaten them to a finish. These percentages range: Nebraska 178.1 per cent, Texas 130.5 per cent, Iow a -104.2 per cent, California 102.7 per cent and Illinois 94.8 per cent. K ansas increased 136.0 per cent and M issouri 98.7 per cent. Cali fornia, K ansas and M issouri are not am ong the four leading states in agri cultural wealth. Nebraska rose in agricultural wealth in 1910 to $2,079,818,647, an in crease o f $1,331,868,590, or 178.1 per cent in ten years. In tw enty years the increase w as $1,568,018,837, or 306.4 per cent. In 1900 the total wealth of Nebraska was $1,626,203,203, or $453,615,444 less than the agricultural wealth alone in 1910. In 1904 the total w ealth was $2,009,818,647, or $70,255,014 less than the agricultural wealth in 1910. 'Nebraska looks w ell in the increase o f its per capita w ealth based on the total valuation. In 1890 it was $1,205; in 1900, $1,525; in 1904, $1,882. In 1910 its per capita of agricultural wealth was $1,745—or $200 more than th e total wealth in 1900— leading Iowa, Illinois, Kansas, Texas and Missouri in agricultural values. W ith a proportionate increase o f total w ealth in 19101,* the per capita w ealth o f Nebraska w ill be m ore than $2,600. Nebraska com pares w ith the oth er three states o f the first rank in agri ^ cultural w ealth as fo llo w s :____ First ’^anlc^Agricultural States. 1910 Illinois................ .......... $ 3,905,321,075 3,745,860,644 2,218,645,164 Texas. . . . Nebraska. . . ,.......... 2,079,818,647 1900 $2,004,316,897 1,834,345,546 962,476,273 747,950,057 Increase $1,901,004,178 1,911,514,998 1,256,168,891 1,331,868,590 Pet. 94.8 104.2 130.5 178.1 Total. . . ........... $11,949,645,430 $5,549,088,773 $6,400,&56,857 111.2 Reproduced from the Unclassified I Declassified Holdings of the National Archives iiQME INSURANCE T he record o f the year 1912 w ith Lincoln hom e insurance com panies is one show ing exceptional grow th on the part o f every company, life, accident and fire. Lincoln Nebraska hom e insurance and, with the exception o f on e city,Ais the largest insurance center in, th<|, W>. Bach year its financial transactions enter m ore largely into the business o f the state, and for the year 1912 the premium receipts alone for hom e insurance centering in Lincoln w ill reach w ell up tow ard the $3,000,000 mark. This means som e thing, fo r these receipts com ing to the city go into the bank clearings, go into the em ploym ent o f a large num ber o f people w hose hom es are here, and dis bursed from this city, and the reserves and surpluses go directly into Ne braska investm ents in farm loan m ortgages. So that where, heretofore, all m oney paid for insurance w ent to the East for Eastern uses, a goodly per cent o f Nebraska insurance m oney is now at home and doing business in its home locality. In the city o f Lincoln hom e insurance is known and appreciated, and m ore and m ore as its value to the state is understood, the state is appreciating it. In addition to all the value that com es through people insured doing business at home, there is the value o f hom e investm ent, and already tw o o f the home com panies have their ow n office buildings in L incoln— the Security Mutual and the Bankers L ife— and both of these splendid buildings are taxable assets to the state. In life insurance Lincoln is especially strong; in accident insurance it is,' rapidly becom ing equally strong, and every line o f insurance with the excep-i tion of fire com panies show a steady and consistent grow th.' Attacks that have) been m ade on h om e fire insurance in Nebraska has caused a, num ber to sell; to Eastern com panies and the m oney that otherwise would be at home is; taken away. One strong fire insurance com pany remains yet in Lincoln and( it has had a prosperous year. In Lincoln, in addition to its com panies having* their headquarters here, the M odern W oodm en o f A m erica have their execu-; tive offices in Lincoln and the R oyal H ighlanders have their executive offices; here. T h ese add their part to the volum e o f insurance business centering; in Lincoln. v j Reproduced from the Unclassified I Declassified Holdings of the National Archives M A N U F A C T U R E R S OF NEBRASKA BY S P E C IF IE D IN D U S T R IE S , 1912.; The State Bureau o f Labor and Statistics is m aking m aterial progress : year by year in securing statistics concerning m anufacturing in N eb ra sk a.: W ith lim ited appropriations to w ork upon and w ith a seem ing indifference on the part o f many m anufacturers to giving anything like com plete statements o f their business, the w ork has been o f slow growth and is yet far from a com plete record o f the industries of the state. H ow ever, the report has its valuable features in showing the diversity o f industries; in show ing those w hich are apparently leading in volum e of business and in show ing the oppor tunities that there are for developm ent o f larger business in this state. The follow in g is the report o f Labor Com m issioner Guye upon m anufacturing in Nebraska as com piled for the year ending January 1, 1912: T otal No. o f Industries. No. ReW age Total Value of porting. Capital. Earners. W ages. Products. ^ Totals .............................1,109 $88,193,093 22,886 $14,925,027 $168,428,783 Total business, 1913.................................................................................. $35,105,000 The record fo r the last five years is as follow s: Wholesale business, Lincoln, 1909................................................................$24,040,000 W holesale business, Lincoln, 1910................................................................ 26,495,000 W holesale business, Lincoln, 1911................................. .............................. 27,670,000 W holesale business, Lincoln, 1912................................................................ 32,200,000 W holesale business, Lincoln, 1913.............................................................. .. 35,105,000 LINCOLN M ANUFACTURING, 1913. M anufacturing in Lin coln is growing. The year 1913 showed m ore prom ise o f larger things in manufacturing than any previous year since manufactumg Has been done in any considerable amount in the city. M anufacturing is becom ing m ore diversified and an unusually large num ber of new lines made t eir commecemen^ in the city in 1913. P ow er is>not such an expensive prop^8,ltl^n- ^ + m Lhe o ld .years when a11 the pow er available was steam, and much impetus has been given to m anufacturing in small lines through the com ing o f th e e le c tn c m otor and with it reasonable prices through com petition m at exists in the city. ,mailufact1u n ilg interests of Lincoln are awaking to the n ecessity of organized effort along lines o f home developm ent and the patronage o f hom e institutions and with the organization o f the Lincoln manufacturers into a com pact body, associated directly w ith the State M anufacturers’ association, mi, r-e iaTge Prom ise that opens to industrial developm ent in Lin2 - / here 1S Hot incorporated in this report any o f the Burlington’s vast business in m anufacturing m the suburban tow n of Havelock, or in their aux iliary w ork at their roundhouse w est o f the city. Only manufacturing by pri vate companies, firms, and individuals is summarized. The follow in g is the summary o f m anufacturing in Lincoln for 1913 by different industries: Butter and cream p rod u cts.................... . . ® q cKn non Printing, publishing and binding........ ..............! ; ; ; ; . . ; .......... * i 12^’ nnn '' I ’Qin’nnn Confectionery and ice crea m ............................................. Flour, feed and mill p rod u cts........ ............................. .............. / . . . . . . . l'285 000 Brick, artificial stone and cem ent products. ......................... .... : 990 000 Sa8h, doors, w ood w ork and mill products . ............ i 025 000 Shirts, overalls, w om en’s garments and ta ilorin g............... ............ .... ’« n ’ nnft Manufactured paints and lu b r ic a to r s.................. ...................... 27 ^’onn Iron work, lightning rods and c o r n ic e .........................." .'i * fi2? 000 Gasoline engines, m otors and castin gs..................... . ^qn’nnn qfiKnnn Manufactured whisks and b room s...... .............................. .......................... Mattresses, upholstery, tents and aw n in gs............................. 39 ^'nnn Artificial ice and refrigera tion ......................... ..................... i m’nnn Gas and electricity ........................................................ ; ; ; ; ; ; ; ; ; ; ; 455’0a0 Harness, saddlery, auto tops and leather w o r k . . .. 41^'nnf) Silos, tanks and w ater supplies............................. ......................... kqo nnn Cigars, bottling and bottled g o o d s..................... ........................... ? i ? ’noo Monuments, granite and cut stone w o rk ....................... ......................... o « ;onn Extracts, pharmaceuticals and c o n e s............................... !!!' .' ..’ ! ! ! ! ! ! ’ 210 000 465^000 Forty-two minor m anufacturing lin e s........................................... ! . . ! ! . ! Total Lincoln manufacturing, 1913........................................................$15,110,000 Lincoln manufacturing, 1910............ ................................... Lincoln manufacturing, 1911............................................... ! ! ! ! ! ! / ! ! Lincoln manufacturing, 1912........ ............................. 13, 780, 000 $ n n 5w;nrwi 11 340000 By com parison with the record o f 1912 in practically all lines o f ’ manu facturing, there w as a notable increase in 1913. A large record for building carried with it a larger business in mill products and this is the m ost notice able increase fo r the year, every house in this line having a good increase. In the manufacture o f shirts, overalls and w om en’s garments another ex cellen t record for the year was made. The manufacture o f gasoline engines increased in Lincoln 40 per cent during the year, and the silo industry has Reproduced from the Unclassified / Declassified Holdings of the National Archives L IN C O L N W H O L E S A L E B U SIN ESS, 1913. W hile there may be an opinion som ewhat general that 1913 was not an expansive year in the w holesale business in Lincoln and in this territory, the facts are that the w holesale business has made an increase o f practically $2,000,000 in its volum e in 1913 over that of 1912, w hich w as the record year in jobbin g business before that time. There have been no large houses added to the jobbin g district during 1913, but it is an alm ost universal report from, the scores o f large jobbin g houses that their business has been equal and. better than a year ago. F ollow in g the percentages of increase or de crease in volum e o f business, gives the result from the com bined jobbin g business o f Lincoln of the two m illion dollars increase. Lincoln, as the larg est fruit m arket in the M issouri valley and possessing one house that is the largest in the entire w estern country, has made a splendid increase in its volum e o f w holesale fruit business for- 1913. Both of the large Lincoln houses show excellent increases for the year, the younger making a rem arka bly high per cent increase. The w holesale grocery market has closed the year with practically the same volum e of business as in 1912. There w ere periods during the year in w hich the manufacture of butter exceeded all records, and 1913 was one o f the heaviest years of record in the distribution o f threshing m achinery from this city. The jobbin g o f building material is another grow ing business in the w holesale lines that made exceptionally good grow th during 1913. The follow in g is a summarized record of the w hole sale trade for 1913 as com piled by the Trade R eview : W holesale groceries ........................................................................................... $4,100,000 W holesale fruits, vegetables and p rod u ce.................................................... 2,225,000 W h olesale lumber, sash, doors and planing m ill p rodu cts................... 2,995,000 W holesale butter, eggs ana pou ltry.............................................................. 4,900,000 W holesale autom obiles and accessories............................... ...................... 2,850,000 W holesale threshing, harvesting m achinery and im plem ents............... 3,055,000 W h olesale flour, feed and h a y ........................................................................ 1,445,000 W holesale paints, oils, glass and store f r o n t s ......................................... 1,725,000 W h olesale drugs, cigars and liq u or................................................................ 875,000 W holesale hats, gloves, overalls, furnishings and n otion s..................... 850,000 W holesale hardware, castings, cornice and m etals................................. 945,000 W holesale coal, fuel and building m aterial.................................................. 1,095,000 W holesale plumbing, w ater supplies, furnaces and tanks..................... 820,000 W holesale silos, gas engines and p ow er........................................................ 1,220,000 W holesale harness, leather and sh oes............................................................ 585,000 W holesale confectionery, ice cream and baked goods.,........................... 980,000 W holesale brick and manufactured ston e.................................................... 730,000 W holesale jew elry, millinery and school su pplies................................... 445,000 555,000 W holesale seeds, plants and flo w e r s ...................................... ...................... W holesale furniture, m attresses and u pholstery................................... .... 525,000 W hoelsale brooms, whisks and clean ers...................................................... 465,000 W holesale lightning rods and eelectrical su pplies................................... 580,000 W holesale hotel, billiard supplies, paper and wall paper....................... 485,000 All other jobbing lin e s....................................................................................... 745,000 Reproduced from the Unclassified I Declassified Holdings of the National Archives ~ f™ ? T 1 3 i a m * Artificial lim bs ........................ 2 I ms 14f 69’ 777 1,881 931 'A rtificia l stone . ............. 145 2 377 ^ 8 ^ 1 /<oo 3,230 9 0001 Auto tops and tire s.......... V 5 l l ’mn 9q 681,663 1,57a 206 .B akery (w holesale) . . . . . . 6 23 16>9?1 1W,115' ; Barber supplies . ................... 3 ™ 45’ 6'00 26 6585' B eer .......... ' ....... A „ ™ 13,500 53 W Bird f o o d .......... I 3,4 ■ 4™ 387,si3 2 ,227 V Blue prints ...... ........................... i km ' ? 860 8,rtf Boiler com pound ........ ' 3 o 52 ! } 750 3,V Boots and s h o e s . . . ...........' 2 i?S ’ S -,4 1,898 42,050. B oxes and b a g s.......... .. . . 4 i ’5 j™ 78’373 361,404 ■Breakfast food ..................... x ioftOO 2^,265 2,104,543 Broom s ............................. ^ 7>021 129,383 Candy ....................................’ 14 M 9- I 126,218 653,157 : ' Canning ............................... 7 703 K o S I 144>329 601,871 Carpets and ru g s.........................5.................................457 4^ 89 306,074; Cheese 1 75,000 4 s,os-a i Cigars ............................. .. 83 233,943 441 234,154 1,60*2,830 Clay targets ......................... 1 20,000 6 3,000 60,000 Clothing ............................. .. 11 78,530 90 44,649 106,2-67 ! Cooperage ........ .................... 4 156,000 145 98,036 666,293 Crackers ......... ...................... 2 549,200 419 198,277 1,122,679 Creameries ........................... 29 3,863,759 866 672,653 9,147,042 ! D istilleries ........................... 2 72,000 94 50,400 796,306 I 'Drugs ..................................... 11 289,887 125 123,657 364,852 ■ ^Engravers ............................. 2 31,000 33 40,251 68,694 ! Fire protectors ................... 1 4,000 7 2,859 9,5001 Flour .................»..................... 167 5,512,868 848 776,846 12,747,842 Foundries ............................. 6 141,776 80 62,385 170,974 Fur garments ....................... 4 73,500 79 38,930 196,373 Furniture ............................... 12 494,600 157 85,662 397,157 Furniture casters ............... 1 95,000 ' 19 8,832 59,429 Gas and electricity ............... 65 13,574,373 720 701,248 3,018,732 Gloves and m itten s............ 1 2,500 3 300 1,500 Greases . . . ........................... 2 108,000 11’ 10,258 54,320 H ardware ............................. 10 340,100 71 28,625 199,942 Harness and sa d d les.......... 49 356,150 232 150,104 1,528,350 Wats ....................................... 1 5,000 9 8,950 22,500 Ice ........................................... 5 622,350 125 82,448 362,934 Ice c r e a m ............................... 13 225,279 80 53,315 288,494 Ice m achines ....................... 1 195,500 49 32,000 229,900 Incubators and brooders . .. 8 392,400 356246,426 ; 1,065,544 Interior metal house trim mings ................................. 1 65,000 30 31,000 122,168 Jew elry ................................. 5 18,809 30 27,970 56,753 Keys ................................. .. 1 600 1 400 4,000 Lamp b u r n e r s ....................... 1 2,000 9 3,512 9,786 Lightning r o d s ..................... 3 10'8,000 12 8,444 132,000 Live stock rem ed ies.......... 2 5,300 4 1,350 5,121 M acaroni ............................... 1 50,000 24 5,756 41,877 1 150,000 14 11,180 256,327 Malt ....................................... M attressses ........................... 2 72,000' 25 15,246 75,190 M etal packing ..................... 1 73,800 22 18,620 41,913 M ica ....................................... 1 8,404 80 20,836 89,407 M irrors . -................................. 1 4,000 9 4,800 18,000 Monuments ........................... 19 201,711 80 90,371 299,184 M otor c a r s ............................. 2 155,499 230 207,437 963,836 Musical instruments ........ 1 50,000 11 5,489 49,400 ■Nursery stock p r o d u c ts ... 2 115,000 81 31,600 130,600 Oxygen ........ •......................... 1 5,000 1 1,092 6,000 Paints ..................................... 7 833,110 192 116,197 876,802 Paste ..................................... 2 2,350 3 1,476 6,07€ Planing m ill products . . . . 19 382,695 404 283,863 877,296 Plating ............................. .. 6 23,200 24 15,831 41,662 Poultry r o o s t s ............... 3 5,150 8 2,756 4,665 Printing ................................. 120 2,469,577 1,550 1,358,659 2,859,786 .R oofin g ........................; -----1 ___ 1,000 2 „ o > • “ - ........ ----------------- 1........ 18,000 75.W# s a d i r o n s ..................... 1 I S » e t a i w are' Shirts ........................... Signs m eat Slaughtering ’ and and m 5 » ^ 6 o« Sni 102 36,80l,10£ 6,640 # 4 V o o () 626 25 133 « 48 ^ 0I 2 5 5 0 o'500 130’|W 115,500 - ^ | 2. . 255,000 a b jA j- Stoves ....................... . . . . Starch .•;•••........... ; ......... Steam boilers .......... 1 2 -liooOO ^ ,0 0 g I t o c k ioods .................. 5 .. 6 401,550 Structural i r o n ........... Sugar, beet ............ • . Tanks ................... ............ 2 1 1 1,750,00 S -19V 0OO Tannery •■■'■'■J,!! Tents and avr amga. . . - 1 ...* Tin c a n s ........ ......................... ® 1 TrUCvSc and suit cases. •• • Umbrellas .......... 175,4°° 347,3M 286,073 131,932 ^ 0,67,153 m j g 74 5 ^ ^ 1, ^ 1 Q1 mW 0 52 340 63Q ^7 727 37 727 212,699 230,236 5.5 7 ,469 l Sl0j810 261162 i7j916 ^ 18 77 7,279 J ® i*(VOO m 244,576 80,000 ^ fS ’.OW 1® 3,000 1 « » " 100,432,589 50,208 m > m 74,911 f ’f * 36,929 56,692 ^o'oOO 3ft,000 ^ V v iS r a n d V id e r . ^J i 992 ’ oao * !F J 5 ? e?and n d sten cils............ Stamps stencn*••••; W indm ills 1iS04',J6* « r cts::....: Wigs ................ f 0So 83,M l 1 packing .......... ........ 1 Snot and le a d .............; ; i Smelting ................... ........ ...... 2 Soap ............................. .......... 41 S oft drinks ........ ..... 3 Sorghum and s y r u p - - ........ .....3 ! * llf, iVn00'34,000 12,000 ^ 5 120 800 47 ^ v | ^ ............... ........ 5 3 Wire w o r k s ................... ...............— 4 700 14 _____________ _ ___ _ __— — - ^ Reproduced from the Unclassified I Declassified Holdings of the National Archives 'NCOLN RAILROAD BUSINESS FOR THE YEAR 1913 The follow in g is the record of Lincoln business transacted by the different! railroads centering here, for the last year. The business of each road is given by itself and then the grand summary made. R ecord is given of the cars of both state and interstate shipments fo r each road, the tonnage handled, and* the revenue for the same. The passenger business is made a separate it e m / giving the state and interstate business each, and the total for the combined.., It w ill be seen that the total revenue from all freight and passenger traffic^ for 1913 was $3,735,029.98. This com pares with the total revenue for the yearf ending June 30th, 1912, when the total revenue was $3,312,041.94. F or the} year ending 1911 the total was $3,278,433.00. ? It w ill be seen from this that the volum e of business transacted by the? railroads centering in Lincoln is increasing year by year, and that notwith-) standing som e uniavorable conditions during the last year, there was an in-? crease of nearly one-half million dollars in the volum e o f business in 1913," com pared with 1912. r The follow ing is the record by roads, and also the summary o f all roads: \ S U M M A R Y A L L ROADS. Freight Forwarded. Oars. Tons. 165,364 State shipm ent ..................... ................. 4,562 68,464 Interstate shipm ent ............. ................. 2,281 Revenue. $596,250.64 401,489.11 Total ................................. ................... 6,843 Freight Received. Cars. State shipm ent ..................... ................... 8,495 Interstate shipm ent ............. ............ .... .19,861 233,828 $997,839.75 Tons. 327,712 552,410 Revenue., $ 400,808.10 1,299,000.85 T o t a l ................................. ...................28,356 880,122 $1,699,808.95 1,113,950 $2,697,648.70 Total in and out shipments. . . . . . . . . . . 3 5 , 1 9 9 T icket Sales.- ...$ Interstate ............................................................................................................ Total 601,762.98 435,618.30 ............................................................................................................$1,037,381.28 Total revenue Lincoln freight and passenger traffic, 1913...................$3,735,029.98 Total revenue Lincoln freight and passenger traffic, 1912................... 3,312,041.94 increase for 1913................................... ................................................... $ 422,988.04 There is an increase for 1913 in this record, com pared with 1912, in both passenger receipts, revenue from freight, tonnage carried, and num ber o f car lots. For the year ending June 30th, 1913, as shown above,, the car lots re ceived and forwarded totaled 35,199. For the corresponding date, 1912, the total cars in and out w ere 31,637. Passenger traffic for the year ending June 30th, 1912, was $984,258.83. Passenger traffic fo r the year ending June 30th, 1913, as shown above, was $1,037,381.28. Both the grow th and the magnitude of the passenger business centered in Lincoln is shown in the receipts for tickets alone last year o f over one million dollars ($1,000,000). i Reproduced from the Unclassified I Declassified Holdings of the National Archives R A IL R O A D B U SIN ESS IN NEB R A SK A , 1913. The annual reports of the different railways doing business in Nebraska are for the end of their fiscal year, June 30th, 1913. These reports, filed with the Nebraska State Railw ay Commission, go into great detail in regard to their volum e of business in different lines. From these reports filed with the com m ission the follow in g is the record on Nebraska business transacted oy ; the different roads for the year ending June 30th, 1913. This is the record o f £ freight and passenger receipts and their totals, these ,being entirely on Ne- > braska business and not including the larger part o f their business, which is interstate business. The record for the roads for the year above named is as follow s: Freight. Passenger. Total. St. J. & G. I.....................................$ 47,239.21 $ 98,215-52 $ 145,454.73 523,164.86 339,5^.62 862,723.48 C„ St. P., M. & 0 ........................ C., R. I. & P ................................... 128,311.60 166,155.14 294,466.74 1,291,766.43 3,200,592.15 Union Pacific ............................... 1,908,825.72 C., B. & Q....................................... 3,888,909.35 2,633,498.91 6,522,408.26 M issouri P a c i f i c ........................... 294,345.17 203,183.92 497,529.09 C. & N. W ................ ..................... 1,954,583.85 1,142,504.22 3,097,088-07 Total ....................................... $8,745,279.76 $5,874,862.76 $14,620,262.52 For com parison, the follow in g is the record of strictly freight and pass enger business done by the same lines of railroad in Nebraska for the year ending June 30th, 1912, state business: Freight. Passenger. Total. St. J. & G. I.....................................$ 41,608.2.1 $ 99,036.65 $ 140,644.86 C., St. P., M. & 0 .......................... 539,280.84 322,229.26 861,510.10 C„ R. I. & P ................................... 112,616.39 157,198.63 269,815.02 Union Pacific ............................... 1,692,164.96 1,185,093.04 2,877,258.00 C., B. & Q....................................... 3,488,267.39 2,491,215.56 5,979,482-95 279,582.69 167,616.55 447,199.24 M issouri Pacific ......................... C. & N. W ....................................... 1,972,678.24 1,087,577.24 3,060,255.48 Total .....................................................................................................$13,636,165.65 It will be seen from this com parison that the different railroads in Ne braska have been doing a much larger volum e of business in strictly state business than they did for the year ending June 30th, 1912— a million-dollar increase. Every railroad in the state shows an increase in its total volum e o f freight and passenger business in state traffic. This is a rem arkably good showing in the face o f some conditions which have existed which have had a tendency to greatly reduce railroad traffic. The figures are not available for the volum e o f interstate business trans acted by the different railroads in the last year. Owing to the lateness of reports being received, the State Railway Com mission have not these figures yet compiled. For the year ending June 30th, 1912, the different railroads in the state did a total business of forty million dollars ($40,000,000) in round numbers in interstate business. It is evident from the good increase in state business that the roads will make- an increase on interstate business, so that the total of both interstate and state traffic made fo r the year ending June 30th, 1912, and amounting in round numbers to fifty-three million dollars ($53,000,000) will be exceeded by the com bined record fo r the year ending June 30th, 1913, when the totals are made up. On freight forwarded in state business, this is the carload record for the 1912 1913 1911 three years: 12,044 15,476 Cars w h e a t ............................. ........................ ............... 9,405 13,519 Cars corn ........................................................ ...............20,847 15,991 9,215 Cars grain produ cts..................................... ...............10,498 8,064 72,288 65,380 Cars live sto ck ................................................ ...............71,504 70,639 79,888 Other cars ...................................................... ...............76,143 Interstate freight forw arded: 1911 1912 1913 19,675 26,710 Cars w h e a t ...................................................... .............. 21,366 28,498 18,175 Cars corn ........................................................ ...............34,312 16,576 16,217 Cars grain p rodu cts....................................... .......... -..18,459 44,621 48,023 Cars live s to ck ................................................ ............... 50,607 63,012 Other cars ..................................................... .............. 54,446 58,837 On freight received, the follow ing is the record in car lots on strictly state business: 1911 1912 1913 4,821 2,773 Cars lu m b e r .................................................... ............... 8,077 15,613 15,256 Cars lime, cem ept and sand....................... .............. 16,744 37,047 Cars grain and grain p rodu cts.................................. 35,723 32,297 2,166 1,571 Cars coal ........ ............................................... ............... 2,312 66,224 Cars live s io c k ................................................ ...............71,160 72,175 49,632 59,445 Other cars ...................................................... .............. 49,920 Freight received, car lots, interstate business: 1912 1913 1911 25,361 Cars lu m b e r .................................................... .............. 28,941 22,089 8,676 9;191 Cars lime, cem ent and sand....................................... 8,645 5,945 11,049 Cars grain and grain prod u cts.................. .............. 5,180 71,062 73,790 Cars coal ........................................................ ...............63,623 33,217 32,614 Cars live stock .............................................. ...............33,775 73,775 80,835 Other cars ...................................................... .............. 72,460 T hese figures are interesting in show ing the num ber o f full ca r loads o f freight that railw ays handle in this state in a year, and w hen is considered with this all the oth er traffic m oved by the roads, som e idea is gained o f the magnitude o f car m ovem ent in Nebraska in a year. Reproduced from the Unclassified I Declassified Holdings of the National Archives H O M E IN S U R A N C E . In the fa ce o f efforts made to secure legislation inifnical to its develop ment, liom e insurance continues to be a grow ing fa ctor as one of the m ost im portant lines o f hom e business. Some day the people o f Nebraska w ill awake to the trem endous im portance it is to develop and build hom e com panies and keep .the vast sums o f m oney that go away from home for life protection at hom e and in this state. Lincoln is the center o f Nebraska hom e insurance and w ith the exception o f the city o f Des M oines, is the largest insurance center in the entire west. In acciden t and life insurance its grow th and developm ent in these lines has been marked successful and hom e com panies m ore and m ore are becom ing large factors in the city ’s developm ent. W arfare made upon home fire com panies in Nebraska has caused practically all fire com panies except mutual ones to go ou t o f business. It is one o f the im portant things in discussing hom e insurance to rem em ber that the anim osities that have practically de stroyed hom e fire insurance in the state would like to secure the same results in the life and accident field. L ife and accident insurance in Nebraska now gathers in this state m illions o f dollars annually in premiums and this money is kept at hom e and doing business at home. Nothing contributes m ore to state building than these home com panies and in the city of Lincoln alone the total premium receipts for 1913 w ill reach som e $3,000,000. These receipts com ing to the city go into bank clearings, go into the em ploym ent o f a large num ber o f people w hose hom es are here and the m oneys received are dis bursed from this city and the reserves and surpluses of the com panies go directly into Nebraska investm ents in Nebraska farm loan m ortgages. Tw o o f the hom e life com panies, the Bankers L ife and Security Mutual L ife com pany have their home office buildings in Lincoln, tw o o f the largest public buildings in the city. In this w ay these com panies are still m ore con tributing to home building and developm ent. The Union Fire Insurance com pany is one of the fire com panies that has maintained itself in a steady increase in volum e o f business and it is probably the largest home fire com pany doing business in Nebraska. Mutual com panies are steadily' increasing their field o f activities and there is no more satisfactory grow th to be recorded in any department o f L in coln ’s activities than the energetic way in which its home insurance com panies are m oving forward. Reproduced from the Unclassified I Declassified Holdings of the National Archives THE TRADE REVIEW NEBRASKA’S GREAT RECORD OF PRODUCTION FROM T H E SO IL IN 1912. Corn ........................... W heat ............................... .................................................................................... Oats ........................................................................................................................ Hay .......................................................................................................................... A lfalfa .............................................................. ..................................................... Barley, rye and c a n e ......................................................................................... P otatoes .................................................................................................................. H orses .................................................................................................................... Mules ........ .............................................................................................. .............. Cattle ...................................................................................................................... Poultry and eggs ............................................................................................... H ogs ......................................................................................... Dairy products ................................................................................................... Seeds ....................................................................................................................... Apples .............................................................................................................. Sugar beets and canning p rodu cts............................................................ Forage, minor garden and field cro p s .......................................................... ,675,000 ,268,500 19,747,000 32,779,568 21.,818,490 3,077,509 7,552,000 22,,531,178 2,754,986 22,739,985 38,450,20-0 45,930,405 36,550,240 6,650,240 7,378,899 6,240,125 121,435,155 Total production, 1912.............................................................................$428,580,080 Total production, 1911............................................................................. 400,617,140 Total production, 1910............................................................................. 402,145,536 Total production, 1909........................................... ................................. 402,579,085 Total production, 1908............................................................................. 361,451,012 Total production, 1907............................................................................. 282,272,279 The year 1912 has been one o f marked prosperity both in volum e and value o f the products from the soil in this state. It w ill be seen that the total record o f production exceeds that of the year before and also shows that value o f products in Nebraska is m oving upward year by year. For ten years, The Annual Review Edition o f this paper has com piled and published from the best sources o f inform ation available the record o f what this state is doing in the productive line. Not alone the estim ates o f either governm ent, state or individual com pilations are used, but those records w hich seem to have the best authority are given first consideration. In all com pilations the aim is to have the summ ary conservative and so that it w ill be recognized as a con servative authority, w ith no effort to enlarge upon the best record as secured. W ith each year there are changes in the item s; prices vary at w hich crops are sold; stock values increase and decrease, and stock production as w ell as crop production varies. In estim ating values o f both crop and stock produc tion for the year on the average, m ore conservative values have been placed on these item s than w ere placed on them by the State Bureau o f Statistics or by the governm ent statisticians. The record that Nebraska is m aking year by year is strong enough and emphatic enough when measured along the m ost conservative lines to satisfy the m ost enthusiastic believer in this state and in its possibilities. Reproduced from the Unclassified I Declassified Holdings of the National Archives THE TRADE REVIEW Lincoln Trade Review _______ PUBLISHED W E E K L Y BY H. M, BUSH N E LL _______ Office: Fraternity Building, I3thand N Streets, Lincoln, Nebraska ■ .___________________ Telephone: Auto 1295___________ ' SUBSCRIPTION RATES, $1.00 PER YEAR Entered June 9th, 1902, at Lincoln, Nebraska, as Second Class Mail Matter, ________ under Act of Congress of March 8, 1879_________________ L IN C O L N , N E B R A S K A , J A N U A R Y 24, 1914. BUSINESS PROSPECTS EXCELLENT. It is early in the year and the month of January is only about two-third® gone, yet, notwithstanding that the first January days are all days of readjustment, business has started out with the month in practically all wholesale lines in Lincoln, in a most satis factory way. In other words, trade is excellent, collections are reported fully as good as the average and every indication points to a re-establishing of new and larger totals for the wholesale busi ness in Lincoln in 1914. Undoubtedly national legislation has had some hindering fea tures to business generally in the last six months. This has not been so noticeable or appreciable in this territory as in eastern sections of the country, but there is always a line of sympathy running through business generally that has its effect. The fact that busi ness is starting out so satisfactory in this territory with January, does not depend upon what conditions may be in other sections of the country, but at the same time it is evident that the better feel ing that is coming eastward, is at least having a strengthening effect generally over the country.' In some lines of retail trade, unusual weather conditions have contributed to certain dullness but this is generally balanced by larger business in other lines. It is probably true that when coal bills run light and demands for heavy clothing do not exist, that there is more liberal buying on the part of consumers in the staple things in food lines than there would be if expenditures had to be increased in other lines. Low prices in sugar; reasonable prices in coffee, canned "vegetables at low prices and fruits generally, at least no ligher values than have prevailed for months, are influences to a more noticeable larger trade in these lines of staples. The settling of tariff and currency. questions are certain to bring stable results in business and, notwithstanding that there 'have been narrow crops in some sections in the Missouri valley territory, prices have been such that good money has been realized and the anticipated closeness in times on that account have not materialized. Another influence towards steady and stronger business is, that with present weather conditions, there has been such an abundance of rainfall in this territory, that it gives unusual promise for a large crop production the present year. Especially is this true of winter wheat which, going into the winter in unusually good condition, has had those good conditions increased by the unusual amount of moisture that has fallen since the fall months. There are abundant evidences that with the settling of the cur rency question, money is going to be much more available for busi ness development in the future than it has been in the past. This is going to re-awaken activity in many of the larger business lines; transportation companies will be equipping themselves more than ever for the future. There will be a branching out in building con struction; there will be more disposition for general expansion in trade than has existed through the months when uncertainties caused banking and financial interests to row closely to shore. Al together, there 'has not been a January in a number of years in this locality that has given more signs of increased and re-awakened business than January is giving us at the present time. AN AGRICULTURAL REGIONAL BANK. Congressman Maguire from this district in an interview with Secretary McAdoo, who is one of the committee to locate regional banks, presented facts concerning Lincoln as a location for one of these banks and he touched upon a line of large importance in mak ing Ms argument. In speaking of Lincoln as a proper point for a bank, Mr. Maguire emphasized the opportunity that Lincoln pre sented for the locating board to put one bank at least in a strictly agricultural center so that in its growth and development it would be largely an agricultural bank, that is the business and resources behind it would be more typically agricultural than would be any other regional bank located. It is worth while for the locating committee to think of this feature of the case. The new bank law is not established for the purpose of centralization of financial matters in a few places. The spirit of the new law is directly the opposite of this. It is a law togive every section of the country service according to its indus trial conditions. For that reason a bank located in an agricultural district Would be carrying out some of the fundamentals Which underlie the new law. Heretofore,, the national banking business has grown with the years into a great leaning proposition on the part of the thousandis , I of different banks. The old law itself and the interpretation of .it and its working out in practice has developed the leaning proposi tion to an extent wholly beyond conception when the national bank act went into effect some fifty years ago. It became so that New York City was made a private center. Other cities surrounding it leaned toward.it and. the smaller cities leaned to the few larger cities that rested on New York and out from the smaller cities what are known as country banks, leaned in their turn on these smaller cities so that the whole system became a leaning process. The new banking and currency law inherently will revolution ize this condition. Whatever leaning is done will be distributed to as many points as there are regional banks but in reality there will be no occasion for any leaning in the future because every bank will stand upon its own merits, doing business with its regional bank, standing up alone and independent by itself. Naturally, bankers' who all their lifetime have grown up in the leaning system that has been in vogue, look somewhat askance upon the proposition of standing erect by themselves but they will overcome this and the more that they see the advantages that will come through indi vidual independence, the more appreciation will grow for the new banking act. COMMERCIAL CLUB SECRETARIES’ MEETING. Next week the commercial club secretaries of the state who have their separate organization, will hold their annual meeting in this city. These secretaries are the real workers in their different clubs when it comes to carrying out details and plans that clubs as a whole may adopt for development and improvement work, and their meeting together will give them opportunity to find how oth ers are doing things and to post themselves upon new and better methods for community work. It will be an important meeting and there ought to be at least one hundred of the wide awake clubs represented by their working official. Commercial clubs have become great factors in local develop ment and they are having an increased influence in matters of state development, matters of public policy for the state, and, indirectly at least, hold a great influence for good government in the state. Locally, commercial club organizations have brought business men together in the different towns and inculcated a neighborly feeling and developed team work in localities where before such organiza tions were made, every man was pulling for himself and in a large way, in opposite directions. What commercial clubs have done for their local communities, they can do in a large way for the state through the state organiza tion of commercial clubs and through the organization of club secre taries, the organization meeting here the coming week. In a broad way, every club can do a part in developing the resources and the business of Nebraska. Every club can contribute to an era of better feeling between the large interests which enter into commercial life in all its different ramifications. Come* to the meeting, therefore, in this city next week from your different clubs. If clubs have not arranged to see that their secretaries are in attendance at the meet ing, there is yet time enough to make such arrangements. 'It is really too much, in many instances, to ask secretaries to lose the time and expense of attending the meetings, but it is worth while over and over to every organized club to have their official present and it is to be hoped that this may be thoroughly understood so that the meeting here next week may be the largest in numbers with the consequent result that it will be the largest in- influence and make for larger things for the future in commercial development. THE REAL TEST FOR REGIONAL BANKS. Secretary McAdoo has stated this week white in Chicago: that in the location of the eight to twelve regional banks, t.hft t.pst. will Hpi One of service, not one of political pull, not one necessarily of the size of cities but the locations will be determined and preference given to the localities that can best serve the community in which they are located. - What is the largest service that a city can give to the regional bank; it is not the volume of capitalization because all banks are re quired to take their proportionate part in capitalizing regional banks. It is not a question of how wealthy a city is or how large its industries. It is, rather, the question as Secretary McAdoo stated, of service and service means speed and accommodation in the trans action of business. What city will best accommodate a large territory? That is ah important question and what city can save the most time and give the shortest responsive service to banks doing business through a regional bank? That is the largest question in the whole catalog. Much as large cities may dislike to see less pretentious places selected and however much these cities may ridicule the smaller places, if the lesser cities of population can give the service and can save time and money to the banks incorporated in their regional territory, that city, under the interpretation of Mr. McAdoo will be selected. Serein rests whatever part Lincoln may have for a region al bank; for shorn of all boom features, such as other cities a,re in dulging in to make an impression in order to secure a regional bank, when it comes down to the cold facts of service, Lincoln—in. this Reproduced from the Unclassified / Declassified Holdings of the National Archives a THB TRADE REVIEW ------- ----------------------------------------------- -- ---- -< great central agricultural territory can and will make the best show ing of anv of them. Hundreds of thousands of dollars will go to and from the regional banks in checks and drafts and commercial paper, the regional bank being almost, primarily, a great clearing house. More banks can clear their exchanges throughwBfcMJUiiiw a regional bank1 in Lincoln — ^ — — ■ > — — i— — iiin jrjnrvp'tvggw.*.:aiwutmm in a shorter time and at less expense than in any of the competilive cities in this territory. In the moving of commercial transac tions from west to east, as they move largely, the greater part of the tributary territory to the Missouri valley bank will be to the westward and coming from the west to the east, there is a clear advantage of from twelve to twenty-four hours in effecting bank clearings through a regional bank in Lincoln over what there would be were such bank located in Omaha or Kansas City. Iowa is almost unanimously asking that it be put in the Chicago regional bank and if that be accorded to that state, then the Missouri river will be the eastern boundary of a district and there will be seriously considered in this district, Kansas City, Lincoln and Den ver as possible points for the regional bank. It is not generally regarded that Omaha will be seriously considered in the matter at all. Its antagonism to its own neighbors, as evinced in its ridicule and belittlement of Lincoln as an applicant, will alone cause the locaters of the regional banks to question whether a community, with a commercial spirit of that kind, could or would do justice to its surrounding territory were it designated as a bank location. Denver is to the westward and the great objection to making that a regional bank center, is the very limited local field of busi ness and the further fact that all business would have to be turned out of the natural channels to move westward instead of eastward and service would be of the poorest kind for a great majority of the banks in the three or four states in this territory. Too many of the cities are approaching the question of securing a regional bank through the boom spirit. When the decision comes locating these banks, it will not be a question of which city can make the greatest showing as a boom city, but the question will be settled according to the cities which can show the most adaptability for real service. FREEDOM IN BUSINESS. * President Wilson, on Tuesday of this week, delivered his mes sage to congress on the trust question and its control in future. Of all the messages that the president has given since he went into office, less than a year ago, none 'have struck such universal approval as this, his last message. . Freedom for business was the key note and business peace through a cessation of warfare of large business on smal lbusiness through bringing all together to live under a common law tha would give justice to all, was his plan as he read his message to congress. There was nothing in the message to which honest busi ness could in any way tike exception; nothing to afright or dis courage legitimate business enterprise in any lines, and one of the striking features in regard to the reception of the message, was the way big interests themselves gave it approval through interviews published since thatf time in the metropolitan press of the country. There are some things that the president wants done and ef fectually done, and these things, all reasonable men see, ought to be done and will injure no legitimate, responsible business. The inter locking of directories of great corporations in different lines of business, he declares, should be abolished through legislation. A law to confer upon the interstate, commerce commission the power to regulate the financial operations of transportation companies so that they can secure money when needed for proper development, was another of his recommendations that meets with no word of censure. He asks that there be legislated into the Sherman law, explicit definitions regarding, what is restraint of trade ? He advocates the punishment of individuals responsible for unlawful business, rather than the fining of corporations which carries with it no punishment at all. And the most important of all his recom mendations, is the creation of a commission to aid or act as a clear ing house of information in helping business to conform with the laws. With each recurring message on great problems that the presi dent delivers, there is increased evidence of the grasp that he has on the great problems subject to government control and regulation. The largeness of the president in his conception of these proposi tions grows more and more apparent and after tariff legislation and after the currency question has been settled, it is a matter of con gratulation that the president has put before congress the true needs of legislation necessary to bring business peace and with business peace, business prosperity. In presenting these measures, it is a matter of congratulation that all interests touched by his proposed remedies, see the wisdom of reaching conclusions along those lines and endorse and support the president’s plans of settlment. This is only another and an added indication that this country is entering upon an era of business confidence and progress through the settle ment of questions that have long caused dissention and been a direct hindrance to that advancement which the people of this country are entitled to make. I. C. RIDNOUR CO. W H O LE S A LE Notions, Underwear, Hosiery, Overalls, Shirts We are prepared to fill all orders with the greatest promptness. We are equipped to meet your wants in Sweater Coats, Underwear, Gloves and Mit tens with immediate shipments on your hurry orders*by mail or phone. Let us know your wants in these lines. Our location 813 0 Street. J. C. RIDNOUR CO. Why Pay High Prices for Bvtter When Yov Can Get JELKE’S GOOD LUCK OLEOMARGARINE at less Price and Eqval in QUALITY to (he Best Bvtter TRY IT STAGY BROS. FRUIT GO. LINCOLN Sole Agents for Nebraska B E F O R E Y O U B U I L D Get prices for your building material from the Largest Exclusive Dealers in Building Material in the United States, that is us. We also do Marble, Mantle and Tile Work. NEBRASKA MATERIAL COMPANY 120 No. 12th St., LINCOLN, NEBR. H e c t w c L ig h t m g II you are bu ildin g, if you are rem odelin g h ave y o u r house w ired fo r e le c tric ity . 1 It is th e clean est, coolest, h an diest lig h t k n ow n . L e t us fig u re w ith y o u — Call o r P h on e B2541 Lincoln Traction Co. Reproduced from the Unclassified I Declassified Holdings of the National Archives tO M & m AS A TSRBHAI* BESERVE CITY* The"selection of Lincoln as a Federal reserve city under the new banking act, happily meets every requirement of the law, and is in the closest harmony with the spirit of the enactment. Lincoln is not now the largest city in population ^within any proposed Federal district ^that will include the state of Nebraska. This is not important* otU tader th embank ing lawjr the purpose and experience has been to collect and hold the financial resources of the country in large cities: center. to establish and maintain a great money In framing the present law strenuous efforts were made to incorporate the idea of one great central bank. After a thorough con sideration and discussion this idea was rejected and in its stead the P l„ « resources adopted. ^ or Dajl ' i*. Reproduced from the Unclassified I Declassified Holdings of the National Archives It is the purpose of the new law to make equally available*to all sections of the country#and to all businesses7finaneial banking opportunities and facilities. In harmony with the more equal distribution to all sections, contemplated in the financial legislation are the accomplishments that have been realized and many morje that will follow along the lines of abolishing artificial traffic rates and regulations, arrangements like that which has given to points located on the Missouri Biver arbitrary, beneficial rates and privileges, while rates to interior points^from the east, have been equally arbitrarially fixed^at the Missouri River rate^plus local rates from river to interior points/and from the west the river rate plus local rates back. These conditions have been somewhat remedied and will be completely changed until every locality will enjoy the natural advantages of its locjifcion. -rjtelative business importance and popuVvMuaAC I lation will SoMfeew^ Lincoln is experiencing some of the benefits from evils already corrected and presents you a population within the territory served by its street cars of between 60 and 70 thousand Reproduced from the Unclassified I Declassified Holdings of the National Archives e / p o p u la t io n , / fT\ L^The law r e q u ir e s th a t " d i s t r i c t s s h a ll “be a p p o r tio n e d w ith due re g a rd to the c o n v e n ie n ce and custom ary co u r s e o f b u s in e s s ." The maps and e x h ib i t s th a t have been a c c u r a t e ly and care** f u l l y p rep a red and p la c e d b e f o r e you show how f u l l y and c o m p le te ly L in c o ln m eets th e se re q u ire m e n ts, b o th as t o m a il f a c i l i t i e s and a ccom od a tion o f t r a v e l . I \f More than n in e t y p er c e n t o f the n a t io n a l banks in N ebraska keep a c co u n ts w ith L in c o ln banks, showing th a t making L in c o ln a F e d e r a l r e s e r v e c i t y would be f o l l o w i n g the custom ary co u r s e / o f b u s in e s s .# ) The n a tu r a l c o u r s e o f t r a d e , has in the p a s t , o f the c o u n try been a lo n g e a s t and w est l i n e in t h is p a rt and L in c o ln i s w e ll s it u a t e d to c a r e f o r t h is t r a d e . The f u t u r e has o th e r l i n e s o f com m erce th a t sh ou ld be taken in t o a cco u n t in l o c a t i n g a r e s e r v e c i t y . The open ing o f the Panama Canal w i l l a t t r a c t to the g u lf p o r t s a -3- Reproduced from the Unclassified I Declassified Holdings of the National Archives large proportion of our agricultural exports. south willbecome an ever increasing item. cross-road. The traffic north and Lincoln is the natural for this north and south traffic and its east and west trafficl ^/klready in southern fruits Lincoln is one of the largest distributing points. Large shipments of lusher, coal, cement, oil, salt, brick, glass- come from the south* With our agricultural products seeking the oriental markets the north and south trade to and from this Federal district will grow in importance and should be considered. To handle the banking business growing out of this trade no city is more conven iently located. This Federal district that must be made up in some way from territory from Nebraska, Kansas, Iowa, Missouri, South Dakota, Montana, Wyoming and Colorado will be of necessity overwhelmingly an agricultural district. Il’l Reproduced from the Unclassified I Declassified Holdings of the National Archives 6 ' While the predominant interest in this Federal district will be agricultural, it is that interest should be principally considered in the formation of this district and the location of the Federal reserve city. Nebraska stands o of purely agricultural interests. u t as a representative It has practically no mining in terests, Its manufacturing interests are in their infancy: 'vflHfce its agricultural interests can be realized only by a consideration of its growth and the volume and value of its products. Nebraska produced in 1866 2 , 0 9 5 ,0 3 0 b u s h e ls o f corn 257,839 'bushels o f wheat 1876 2 5 , 5 0 0 ,0 0 0 bushels o f corn 4 ,3 3 0 ,0 0 0 bushels o f wheat 1886 1 0 6 , 1 2 0 ,0 0 0 bushels o f corn 1 7 ,4-00,000 bushels o f wheat 1896 2 9 8 ,^ 0 9 ,0 0 0 bushels o f corn 1 9 , 3 0 0 ,0 0 0 bushels o f wheat 1906 2 4 9 ,7 3 2 ,5 0 0 bushels o f corn 5 2 , 2 8 8 ,6 9 2 bushels o f wheat -5 - Reproduced from the Unclassified I Declassified Holdings of the National Archives /A 0/ \ W ') V^^These figures are valuable as showing about the length of time it has taken Nebraska to bring her agricultural resources to the point they now are. The value of the agricultural products for the year 1912 given in detail and for the years 1907 to 1912 inclusive given in bulk, are shown by the following table: FROM THE SOIL IN 1912 Corn $94, 675,000 Wheat 47,268,500 Oats 19,747,000 Hay 32,779.568 Alfalfa 21,818,490 Barley, rye and cane 1,077,^09 Potatoes 7,552,000 Horses 22,531,178 Mules 2,754,986 Cattle 22,739,965 Poultry and eggs 38,4$0, 200 Hogs 45,930,405 Dairy products 3^,550,240 Seeds $,650,24.0 Apples 7,378,899 Sugar beets and canning products 6,240,125 Forage, minor garden and field crops 12,435,155 -6 - Reproduced from the Unclassified I Declassified Holdings of the National Archives Total production 1912 " M 19 11 ■ 1910 M " 1909 " » 1908 M • 1907 $428,580,080 400,617,140 402,145,536 402,579,085 361,451,012 282,272,279 In 1910 Nebraska had 129,678 farms, an increase of 8,153 or 6*7 % over 1900. Illinois shows a decrease of 4,6 % in the number of farms for the same period; IowaMissouri Minnesota Kansas Wisconsin 5*1 2.7 1% 2 .7 4.3 % increase % decrease increase $ increase % increase Nebraska leading every northern state in the per cent of increase of her farms. During the same ten years Nebraska rural population shows an increase of 7 6 ,9i5 » °r an increase of neriod *owa shows a Indiana ft Missouri a Illinois an Michigan an Wisconsin an Kansas an Minnesota an decrea&e decrease decrease increase increase increase increase increase For the same 7 *2% 5*1$ 3*5% .3 of 1% 2% of of of of of of of of 7* 3/‘ 7*7% -7- Reproduced from the Unclassified I Declassified Holdings of the National Archives Nebraska in population also leading all other states in the percentage of its increase farm population, value of agricultural wealth from the years 1900 to 19 1 0 , is shown by the annexed table: by which it appears that f* frutrujft. Nebraska in 1910 had reached the Fourth in value^and an ** increase during the last decade of 1 7 8 .1 %> outstripping the other states who have an equal or greater agricultural wealth. 1910 #3 ,905,3 21,0 75 1900 #2 ,004,316,897 Iowa 3»745,860,544 1 ,834,345,546 1,911,514,998-104.2 Texas 2,218,645 >164 962,4 76 ,273 1,256,1 6 8 ,891-13 0 .5 Nebraska 2 ,079,818,647 , 747,,950,,057 1 ,3 3 1 ,868,590-1 7 8 .1 Illinois \. J- Pet 94*8 The f i g u r e s and t a b l e s ^ i v e n r e l a t e l a r g e l y to the p r i n c i p a l c r o p s o f corn and wheat* A long o th e r l i n e s a showing c o u ld be made e q u a lly as f a v o r a b le j m m c f o r N ebraska. Increase $1 ,9 0 1,004,178 - 8 - In the item o f f r u i t Reproduced from the Unclassified I Declassified Holdings of the National Archives alone the development of the industry has come to be a very import ant one for this state; and the output exceeds many of^the^ srta^eg that make their principal claim as agricultural states^pon the pro duction of apples, - But to go into a more exhaustive showing would carry this statement beyond reasonable length. It is apparent that Nebraska stands among the leading agricultural states of the Union and that a recognition of the agri cultural interests would be given by placing within her borders one of the reserve banks. It would afford to that industry an equal opportunity with other industries to procure the financial aid that at certain seasons of the year is always required in the harvesting and moving of crops. In the dairy business it should not be overlooked that Lincoln is the original home of the largest creamery establishment in the country: and that its business in this line is not confined to a single company, but many others doing a large business at the -9- Reproduced from the Unclassified I Declassified Holdings of the National Archives present, time fin i their natural home in Lincoln, J I fu | 1^-7 Lincoln has within its borders, a natural outgrowth of her agricultural position, large milling and flouring industries, which because of the facilities for procuring the grain and disposing of their output, make Lincoln their natural abiding place. Because of the short time that has elapsed since Nebraska has developed its winter wheat industry it is certain that the manu facture of flour will be a growing business. The same might be repeated of all the allied industries connected with agriculture. They need and require vast capital and the facilities for procuring the same, and at the time when they are o jJ t ^ needed, essential to their proper growth. It is believed to have been the purpose of this law to so distribute the financial resources of the country that the great interests of agriculture could and would be fostered and encouraged 10 Reproduced from the Unclassified I Declassified Holdings of the National Archives and we submit that location^in the very heart of this great agricultural region would be the — t practical and feasible way to promote and increase this particular industry. 11, /(./ Reproduced from the Unclassified I Declassified Holdings of the National Archives In less than fifty years Nebraska has become one of the richest and most productive states in the union. In this summary of the agricultural resources of the state, no comparison * with Nebraska's neighbors will be attempted. Doubtless in other \ cities of this region you have been informed concerning the wealth of Iowa, the resources of Kansas, and the fertility of Missouri and other states. Nebraska occupies a commanding position in this great inland empire, fifty years ago with her advantages unknown and her sources of wealth unexplored, the state was included in the f\ region designated in the school geographies as the "Great American Desert” . With but a million and a quarter of people within her vi borders, Nebraska’s unlimited resources, when properly developed, insures homes for millions. The year 1913 brought some disappointment to the farmers of the state. Yet from the soil last season there came an addition of more than f281#000,000 to the wealth of the nation. The live stock production is not included in this estimate. (Dhe total is made up of the products of the field, the orchards, the dairies and the poultry yards. Without considering the great live stock industry and disregarding for the time being the enviable record of the stateSs factories, let us consider the production record for the last ten years. Directly from the soil in the last decade came crops worth #3,000,343,471. This is an annual production of #300,034,347. During the last ten years Nebraska produced alfalfa to the extent of 16,000,000 tons. If loaded into standard freight cars it would require 21,333 miles of track to hold the cars. If the average annual yield of the state was loaded ill freight cars and shipped on a given day, the train loads of this product would extend from New York 6ity to Portland, Oregon. If Nebraska's average annual crop of wild hay was dis posed of under similar conditions it would require a double track transcontinental railway to hold the double line of freight trains that would extend across the continent. The ten year yield of wild hay would fill 52,800 miles of freight cars. Applying the same standard of measurement to the shipments of corn, 24,501 miles of railway would be retired, wHil* Reproduced from the Unclassified / Declassified Holdings of the National Archives the annual string of freight trains would connect the cities of Hew York and Los Angeles* Nebraska's yearly wheat crop requires 687 miles of freight cars to move it to market. This series of freight trains moving on three tracks, would reach from Washington, D.Cvto Hew York City. In the year 1910 Nebraska's farms, factories, ranches and orchards produced a grand total of $694,713,851.. Let us compare this result briefly with some of the big industries of the nation. The gold mines of the United States and Alaska produced #99,232,200 the same year. The silver mines of the gsfctaribdStat nation made a score of #27,733,312. The United States copper mines produced #145,451,207. The iron ore production was #95,556,364. Crude petroleum was valued at #114,390,000. The sugar output of the United States was #52,696,389. The tobacco crop of the nation was worth #95,719,365. The lead and zinc mines produced 60,875,563 • The gold mines, the silver mines, the copper mines, the iron mines, the lead and zinc mines, the crude petroleum industry and the tobacco industry produced a grand total of #691,491,399 in comparison with Nebraska's grand total. There is a balance in Nebraska's favor of #3,059,452. The government census o f *1910 showed an average of #1,714 in live stock on each Nebraska farm. In 1900 the valuation was #1,196. The total value of all farm property per farm in Nebraska is given as #16,038 in 1910 as compared with #6,155 in 1900 During the year of 1913 the receipts of live stock at the South Omaha otoek Yards amounted to 88,141 oars. These ship ments would fill a railroad 1,775 miles in length with freight cars loaded with Nebraska live stock. This gigantic traffic was made up of the following ship ments— Cattle 962,103 head Hogs 2,542,709 " Sheep 3,222,133 ,f Horses & Ilules 31,580 " Nebraska has the third largest horse market, the second largest sheep rarket, and the third largest live stock and Reproduced from the Unclassified I Declassified Holdings of the National Aichives pacing ceatfer in th6 world. 3?he 1910 value of live stock on lebraska. farms, accord ing to the government census, was #222,222,034. The bank deposits of Nebraska furnish a reliable index to the prosperity of the farmers and business men of Hebraska. Baring the six months preceding December 1,1913, the deposits in Nebraska banks averaged $210,319,888, or about $187.00 per capita. An estimate of the agricultural production of Nebraska, exclusive of live stock, for the last ten years with the annual average for the ten year period , follows: Bushels Y/heat, spring and winter...........514,873,145 Yalue |408,352,973 Oats ....... ..................... *662,67^, 752 210,803,152 Rye ..... ......................... 26,714,919 15,351,846 Barley ...... ..................... 31,253,021 13,032,780 1,966,267,336 950,501,720 C o r n ........................... Speltz, estimated Alfalfa, estimated 2,200,000 .......................... 200,000,000 Millet and Hungarian , estimated ............ 22,300,000 Sorghum , estimated ........... ................. 18,400,000 Wild Hay, estimated .......... .............. 357,401,000 Potatoes .................................... 51,600,000 Orchards .............. ...................... 62,400,000 Miscellaneous crops ........... ............. 8,500,000 Poultry and Eggs ........... .... i............ 169,000,000 Dairy Products .................... .......... 79,000,000 Timothy ................... . 9,000,000 Pasturage and grass ..... .................... 410,000,000 Ensilage ..................................... 10,000,000 W o o l ......... ............................... Grand t o t a l ............. . Average per year ............ 3,201,788,173 2,500i.0Q0t 13,000,343,471. §300,034,347. As to the expansion of wealth in this great inland empire, it would be hazardous to venture a prediction concerning the progress of even the next decade. Agriculture is the unques tioned hope of the nation. Nebraska and her sister states are the leaders in the production of riches from the fertile soil of a territory whose resources are still but a matter of conjecture. Reproduced from the Unclassified I Declassified Holdings of the National Archives 4. Ifte immense water power projects yet undeveloped, the unmeasured regions of valuable stone in the western sections of the state and mahy other important matters are now receiving the attention of the scientists. Land heretofore considered valueless has become valuable through the advances made by scientific agriculture. As one who has encountered the practical problems connected with the development of farming in a county onoe considered on the Nebraska frontier, I confess my inability to indulge in prophecy. The imagery of the writer of romance has been far distanced by the progress of less than half a century. The gold seeking Spaniard entered the state seeking vast mines of the yellow metal. In 1912 the Nebraska poultry yards produced more wealth than all the gold mines of the United States. Of this we can be certain. :?he tremendous advancement of the next few years will tax to the utmost any system of finance devised toy man. In adjusting the commerce of the country it seems just and right that first consideration should be given to the region whe*» jraeh year furnishes such a large quantity of the staple food products of the country. ________________ ILL ROA&S 1909 _____________ Origtaatliig and terainatlng |a Kebraaka, T aiK T OkWa " Al*♦ Ton# ?on* Aotual Carried Ram i nge Oarr led One Wile • # 2,584,010 § 236,>28,m ar .wmnm vrun of m y i l l g B T T R A F F I C ________ _____________________ ___ _____ Originating but not Terminating Terainatlnj? but 'not Originating ____________ , .. . in ^ebra*!*......__,.. r. :■ lit W tom i f e a T^na 7am« ? ad1 Ton. Ten* klli t o t l T©u# A*toal Ten. Sw nlng. S»m lng« Cmrrle* Carried Carried Carried On. 811. O neH ilo 17,773,467.01 # l ,5 6 l ,522 # 180,780,064 12 , 601, 120.53 # 3,180,293 5 #457,670 831, 835,581 7,734,791.37 „ 5,985,466.75 5,585,908 786,891,453 6,987,498.65 _ 4,694,997.25 7*564,765 1020,179,325 ••385,701,69* 8,210,975.92 5 , 799*557 488,324,034 5,857,691.01 6,489,038 m i 4,546*540 416,057,135 8,365,647.93 5*176,596 15*8,627,435 1,525,729*54 m 2 4,<*6#369 365,742,308 7,617,681.25 4 t811,117 542,496,480 m j 4,561,570 416,382,820 8,272,380.40 3,594,770 584,731,748 Does not toolude C. B« ft Q. R, R* *»«w.»fe«MNri!ianii a* a w t*~ » mhw ........... B U I H 7L PASSING THROtJOH NEWtiffltA ALL ROADS T ea*’ Carried ; . One Mile 2,535»2fO 795, 843,034 m o 5,023,9*1 « » i$ n - * . Earning* T B A f t .I C ....... A ll Oth.p m ig h t Tm ia learnings ... ............ „ .................................... ^ w m Tofia Carria4 : ;..... x-Jit : m H tm m A BUSINESS Tona Carried Oaa V ila Aotual Earnings *35,828,079.64 _ 37,718,311.99 _ 7 , 952, 757.89 5,805.35 9, 661,115 1,716,095,531 1 , 623, 950,452 14,992,200.79 5,624.03 19,613,084 3,296,297,588 4,864,568 1 , 574, 195,785 14,413,116.93 5,742.30 19,824,974 3,450,715,936 37,845,027.87 _ W 2 4 #8 i4 , m 1 , 526, 549,135 13,283,992.44 3,965.62 19,058,182 5,221,279,376 33,876,604.71 _ xn> 5,236,629 1 , 675 , 620,442 13,809,928,19 7,380.56 20,557,72# 3,496,914,335 35,216,621.45 _ w ^ _ 8,431,934.67 __ »■a«ia>iaE*»a»iw» waet^^.^tae-.iwi* wx■ >»•••- m « a ia e a * i* w w j y y i ^ i s of MRHIM8 r r ^ i o r reBRAsrA fona C arried: • II®# Pac* ■Originating but not terminating in Hebraaka" is 1nodded in *terminating but not origin atin g In Nebraska* fo r a l l year*. ** Doe* not include Ifo* Pac. n 1 15,495,928.86 8,651,820.24 _ _ 4,500,578 # 502, 544,223 818,321,40#' m o • Doea not include St. 3 , ft 0 . I . Ry. # * t . . Mo* Pao. "paeaing thro ugh Hebraaka” inol tried in *terminatlng but not origin ating In Nebraska.* Union P a cific *paaaiag through Hebraaka* include# "origin a tin g and terminating in Nsbraaka* but passing through another etata. •Ftguraa fo r 190$ do not include tho St. 1* ft 9* I* o r the C* B. ft Q» axoopt total aotual earning* fo r the 0. B. ft Q. ahown In the laat oolumn. Reproduced from the Unclassified I Declassified Holdings of the National Archives mmwis Reproduced from the Unclassified I Declassified Holdings of the National Archives COMPARISON OF TERRITORY Baaod on 12 P is tr io ts East and Want of M ississippi River 81m P U t r l g f E»»t Boston New York National Bank Pittsburg Capital and Surplus 41 , 507, 000,000 ■ 7 * . H i BaltIvora National Bank Deposits ♦ 4 , , 0 0 5 , 0 0 0 » 1 2 . OOf Atlanta Population Chiaugo Araa Shuars M i l s ftlx St* Louis 50,856,000 • 66.15 1 M .W - 25.72?- To rt National Bank How Orleans Lincoln Capital and Surplus | *76,000,000 • 2 } .2 *f Twin C ities National Bank Dsposlts H , 691, 000, 000 » 28. 00? Portland Population San Francisco Arm Square llll««s 31,155,000 - 55.85?. 2 , 208,918 - 74.28? Reproduced from the Unclassified I Declassified Holdings of the National Archives 1 NATIONAL BANK CONDITIONS. October 21 , 1913. Total For ____ M *- Capital Surplus Deposits 126 | 6,740,000 3 , 600,000 oOO.OOO 10,940,000 # 3,162,854 5,958.000 5 40.000 7,640,854 | 41,816,189 37,118,963 _£ 1 2 £ »3 », 86 , 059,943 55 3,495,000 1,553,3+3 19 , 874,350 Iowa Cedar Rapids Dee Hoinee Dubuque Sioux City 341 18.695.000 7.759.438 411.000 705.000 130,000 - ... £&a£&2 9.517.438 115, 812,655 3 , 290,098 6 , 487,348 2 , 450,065 Kansas Kansas City Topeka Wichita 213 Colorado Denver Pueblo Idaho 600,000 2,350,000 600,000 950.000 23.195.000 Y 6.976.039 135,Old, 204 10,912,100 500,000 400,000 - .5 0 0 . 0 0 0 12,312,500 5,096,068 4,i5i*c*B 59,864,120 2,699,499 3,282,703 4JJ3.0r.45.4 70,176,776 59 5,200,000 2 , 784,445 38,008,144 Nebraska Lincoln Omaha South Omaha 241 10.470.000 1,000,000 3,700,000 -J U ttb fip p 16.270.000 4 . 628.081 330,000 2 , 870,000 _J25oO §S 8.353.081 54,961,134 4,626,486 28,360,914 .385 94 , 563.918 South Dakota 104 4,245,000 1,332,492 31,692.752 23 ,155,000 2,400.000 3,555,000 461,000 1*031*200 1,492,200 8.156,360 11.574.286 19,730, (>45 30 1,735,000 1,177,500 14,047,563 1192 80,947,500 40,002,421 509,190,276 Montana Utah Salt Lake City Vyomlng GRAND TOTAL r, oJ cM s 300,000 200,000 . 555.000 LINCOLN REGIONAL ZONE. Territory Composed Of ~ All of Colorado - All of Idaho - Western 1/5 of Iowa - Northern 1/5 of Kansas - Western 1j 2 of Montana - All of Nebraska - South l /3 o f South Dakota - All of Utah - and a ll of Wyoming. Estiiaated Population (1910 census) 4,104,930 Condition of Banks - October 1913. State Colorado No. H at i o n a 1 Surplus Capital 4 7,640,854 4 Deposits No. 86,059,943 224 126 1 10,940,000 Idaho 55 3,495,000 1,553,343 19,874,330 76 Iowa 38 3,040,000 1,660,710 21 , 201,080 Kansas 18 890,000 410,700 Montana 31 3,525,000 Nebraska 241 So. Dakota S t a t e Surplus Capital 4 7,867,850 4 Deposits 2,863,350 4 42,782,740 2,2?7,100 620,000 9,°01,000 79 3,077,000 760,000 9,542,180 3,928,940 57 1,177,000 546,000 6,155,580 2,328,000 29,116,820 66 5,060,000 1,700,000 25,846,360 16,270,000 8,353,081 94,583,918 714 14,455,100 3,295,242 91,793,826 29 1,560,000 901,540 15,201,720 115 2,723,900 904,000 « , 802,450 Utah 23 3,555,000 1,492,200 19,730,646 90 5,815,440 2,015,000 42,187,150 Wyoming 30 1*735,000 1,177,500 14,047,563 72 1,717,250 701,020 7 , 673,668 591 4 45,010,000 « 25,517,928 4 303,754,960 1493 4 44 , 170,640 Totals Resume Capital and Surplus 70,527,928 Deposits 4 303,754,960 National and State Banks Combined,Capital and Surplus |128,103,180. 4 13,404,612 4 245,684,954 | 57,575,252 Deposits 1549,439,914 | 245,684,954 Reproduced from the Unclassified I Declassified Holdings of the National Archives w.e are asking for a R#gional Bank at Lincoln because we believe this city is geographically located to serve a territory contiguous, with sufficient capital and depositi to make such a hank financially a success. It will do this without any violation of the laws of trade and commerce and permit such laws to be operated under, with the least resistance. We are offering you as exhibits, three maps, dividing the territory of the United States into eight, ten and twelve regions respectively. By m y of suggestion to your honorable body, our purpose is to demonstrate the feasibility and practicability of giving to the territory embraced and set forth as Lincoln territory the privileges v of a regional bank. ^ 1. i^jof u n d . r . f n U , * u » t It i. tt. intuition Commission to divide the territory of the United States into eertain regions regardless of the geographical boundaries of the states, but with the intent to facilitate ; the business that may flow to a regional bank with the least resistance to the natural trend of trade, and to conserve all interests, banking and otherwise, to the fullest extent. Acting upon this premise, we have outlined a territory in eaoh of the maps offered that will furnish sufficient capital, surplus and deposits, not only to comply with the law and its requirements, but to make a bank successful financially in Lincoln. These maps embrace the great plains country in cluding the Missouri valley and all the great plain west over and into the mountains of Golorado, Wyoming, Idaho, Montana and South Dakota. We thus present a region, not only of contiguous tiMMitory, but largely given over to agriculture and stock raising as the principal industry. Reproduced from the Unclassified I Declassified Holdings of the National Archives While within the "bounds of the territory offered th© mining industry plays some part, the principal products come from farming and stock raising, ihen you realise that the poultry and dairy business of Nebraska Alone produces more wealth annually that the total output of the mines of Colorado and Wyoming combined, there is conveyed to you idea of the predominance of agriculture in the regions embraced. The history of the development of this western country shows that it m s peopled by the flow of eramigration from the east and ever as advancing civilization foroed its way westward the products of field and farm, and factory, and min# found their market eastward, so that the flow of business and trade m s along the lines of latitude east and .west, holding : good to this condition improbably a line passing north and south thrpugh the city of Salt lake, and ever as farms and villages and cities came into being in this western march of empire, the current of trad# flowed eastward. This condition holds good today, increases in volume and becomes more pro nounced as the plains and' mountain countrjr develop®.* This is clearly demonstrated in a study of the great railway lines that traverse this western country. An inspection of the maps offered you shows this clearly and comprehensively. The conditions of trade and commerce in the region proposed might be likened to the beating of the ocean surf on the shore# of the sea where each succeeding wave beating on the shore drives back the shore line and trith e&eh ebb the wmveS grow| larger in volume, and so, as the waves of emigration have swept across the plain and mountain, the return flow of trade has &rown larger, until now there can be no question as to the direction of least resistance nor any Reproduced from the Unclassified I Declassified Holdings of the National Archives question as to the natural laws which govern tho trend of trad©. In consideration of the foregoing, we contend that Lincoln is most advantageously situated as the ho&e of a regional bank for the natural flow of all this trad# to center in a regional hank situated in this city, complying every law of trade, with the natural trend of business, and with the most natural and expeditious handling of bank items* ¥e have here a city of 65,000 people in the heart of one of the richest agricultural regions in the west. In trade and sympathy and natural business connections, we are ir close and intimate touch with all th« western region that will pay tribute to a regional bank located here. North, scnth, east and west, in the territory embraced, the means of communication and transportation ?re b o direct, convenient and practicable that no inconvenience or injury can be done to the interests lying in those directions. My colleague, who will explain the charts arid maps tendered for your consideration, will demonstrate, -we believe, to your entire satisfaction, that our contentions in this respect are bonne out by an actual consideration of railpiy fMilitis mail facilities, and other means of communication. As to the ability of the region proposed for a federal Bank in Lincoln,te comply with^the requirements of the Sea ernl Act, I desire to submit to you the following tabulations as to capital, surplus and deposits, and o#her information relative to and necessary under the requirements to be complied with by the provisions of this act: Reproduced from the Unclassified I Declassified Holdings of the National Archives LINCOLN DI STRI CT Based on 8 D istricts national. Banlcj Number Subdivision Deposits 241 4 16 , 270,000 I 8, 353,000 # 94, 584,000 + 60 9 , 000,000 4 , 000,000 35, 000,000 II. W. 3 /4 Kan»a» ♦ 60 9,000,000 4 , 000,000 5 1 , 000,000 So. l / 3 So. Dak.' 35 2,000,000 1 , 000,000 16,000,000 Colorado 126 10,940,000 7,641,000 86, 060,000 Wyoming 30 1,735,000 1 , 178,000 14,048,000 Utah 23 3,555,000 1 , 492,000 19,731,000 Idaho 55 3,495,000 1,553,000 19,874,000 W.£ Montana 31 3,525,000 2,328,000 29,117,000 40 701 3.000.000 4 62,520,000 Nebraska West 1/3 Iowa S. E. Cor.Wash#) N.E. Cor.Oregon) 4 33. 545,000 25.000.000 #390,414,000 3 . 295,000 4 91 , 794,000 Z js s b m . Stfttft Bankg. Nebraska 714 4 14,455,000 V* i Iowa 7$ 3,077,000 760,000 9.542,000 N. l /5 Kansas 57 1,177,000 546,000 6,156,000 W. J- Montana 66 5 , 060,000 1 , 700,000 25,846,000 S .l/3 So.Dakota 115 2 , 724,000 904,000 9,802,000 Colorado 224 7,868,000 2,863,000 42,783,000 Wyoming 72 1,717,000 701,000 7,674,000 Utah 90 5,815,000 2,015,000 42,187,000 ___ 2 i 2.279.000 620.000 9.901.000 1493 *44,170,000 4 13.404,000 4 245,685,000 Idaho 4 Kati_opftL_aBd__s.tat.e_ Number National Banks State Banks T o t a l 701 4 96,065,000 -1422 ? 7 .m p f l g 2194 *153,639,000 ♦ Approximately* Cap. & Surplus Deposits Population Area 5,269,000 649,255 | 390,414,000 . . # 636, 099,000 Reproduced from the Unclassified I Declassified Holdings of the National Archives L I N C O L N D I S T R I C T Based on 10 Districts* National Banks Number Subdivision Nebraska Capital Surplus Deposits 241 ♦16,270,000 W, l / j Iowa ♦ 60 9 , 000,000 S l /3 So* Dakota + 35 2,000,000 1,000,000 16 , 000,000 N* V* 3/4 Kansas ♦ 60 9,000,000 4,000,000 51,000,000 126 10,940,000 7,641,000 86,060,000 Wyoming 30 1,735,000 1,178,000 14,048,000 Utah 23 3,555,000 1,492,000 19,731,000 40 3 , 000,000 1,000,000 15,000,000 20 2.000.000 ■ 1.000.000 _ j u u sa sb sa s 635 1 57 , 500,000 ♦30,664,000 ♦341, 423,000 Colorado S* 3/4 Idaho ♦ So* 1/3 Montana ♦ To t a 1 s t 8,353,000 ♦ 94,584,000 4,000,000 35 ,000,000 State Banks* 714 4 14,455,000 ♦ 3,295,000 ♦ 91 , 794,000 W. l/5 Iowa 79 3,077,000 760,000 9 , 542,000 N* l/5 Kansas 57 1,177,000 546,000 6 , 156,000 S* 1/3 Montana ♦ 55 4,000,000 1,400,000 21 , 000,000 S. l /3 So* Dakota 115 2,724,000 904,000 9 , 802,000 Colorado 224 7,868,600 2,863,000 42 , 783,000 Wyoming 72 1,717,000 701,000 7, 674,000 Utah 90 5,815,000 2,015,000 42,2)87,000 1.500.0-0-0, . ... .....22&afi-°.9 t 42 , 332,000 ♦ 12,984,000 Nebraska So* 3/4 Idaho T o t a l s ♦ , .n 1463 ♦ 238, 438,000 National and State Banks Combined Number National Banks Cap, & Surplus Deposits 635 ♦ 88,164,000 13*1.+23.000 State Banks 14-63 55.317.000 238.438.000 T o t a l * 2098 $ 143,481,000 t579.86l.000 http://fraser.stlouisfed.org/ ♦ Approximately Federal Reserve Bank of St. Louis Population 5,182,000 Area 5 76,974 Reproduced from the Unclassified I Declassified Holdings of the National Archives L I N C O L N D I S T R I C T Based on 12 Districts National Banks Subdivision Number Surplus Capital 8 , 353,000 ♦ 94,584,000 9 , 000,000 4,000,000 35 , 000,000 35 2,000,000 1,000,000 16 , 000,000 35 5 , 000,000 2,000,000 27 , 000,000 Colorado 126 10,940,000 7,641,000 86 , 060,000 Wyoming 30 1,735,000 1,178,000 14,048,000 1.000.000 1.000.000 6.000.000 1 45, 945,000 t 25,172,000 1279,692,000 3,295,000 | 91,794,000 241 | 16 , 270,000 W 1/3 Iowa ♦ 60 S l / 3 So. Dakota ♦ N I j Kansas Nebraska S W l / 4 Montana ♦ ♦ T o t a l ® --A-2539 * State Banks Nebraska 714 # 14,455.000, * 79 3.077.000 760,000 9,542,000 115 2 , 724,000 904,000 9 , 802,000 57 1 , 177.000 546,000 6,156,000 Colorado 224 7,868.000 2,863,000 42,783,000 Wyoming 72 1.717.000 701,000 7,674,000 .. 33 2.500.000 W 1/5 Iowa S l / 3 So. Dakota N l/5 Kansas S I l / 4 Montana T ot a 1 s + 1294 ♦ 33.518,000 —SSflifiSSL 4 9,919,000 13.000.000 4 180 , 751,000 National and State Banks Combined Number National State T o t a l . •+ Approximatly Cap. & Surplus Deposits 539 ♦ 71.117.000 | 279.692,000 .J2?4 * 43.437.000 ___ l&tfflj&Q.O 1833 #114,554,000 # 460,443,000 Population 3.954,000 Area 377.699 Reproduced from the Unclassified / Declassified Holdings of the National Archives FOR ENTIRE STATE OF NEBRASKA. National Banks 241 State Banks 714 Total a ll Neb, Banks 955 Capital & Surplus f 24,623*000 17.750.000 " " ♦ 42,373.000 Excluding Omaha. South Omaha & Lincoln National Banks 227 Capital £ Surplus State Banks Total Excluding Omaha South Omaha & Lincoln 926 « - « « f 15,098,000 -JL L m flgfi | 30,828,000 Nebraska Banks Corresponding and Maintaining Accounts with Lincoln Banks. National Banks 212 State Banks 459 " " 14.343.000 Total 671 " * | 20,125,000 Capital & Surplus | 15,782,000 Reproduced from the Unclassified I Declassified Holdings of the National Archives We believe that the presentation of the foregoing fact® and figures, fully demonstrates that-in the region proposed we are amply able to meet all the requirements of' the new Reserve Act. Again we offer you as a reason for the establishment of a regional bank in Lincoln, serving the territory embraced on the maps offered, the fact that a bank situated here will deal not only with contiguous territory, geographically and commercially, but with banking interests handling paper to & prepnderating extent the outgrowth of agriculture* What we of the West desire, is to be connected with a bank as nearly purely agricultural as possible, without vio lating the natural trend of bank items and the natural laws of trade. The reason behind the movement that led up to and resulted in the enactment of the present Reserve Act, was the condition of the banking business in the United States marked by an annual congestion of the reserves of the country in Hew York, Chicago and St. Loftis* We of the West found by bitter experience that our reserves, which ultimately centered in New York, were not used for the benefit of the ' great agricultural West, but were used to financa the schemes Of combinations and trusts to the detriment of every interest of ours. We learned also that while the law of mobilizing reserves under the old banking act was theoretically plausible -k and apparently correct, yet la actual practice it failed to accomplish the purpose intended, and gr*rw into a stupendous ever recurring menace. Our reserves forced by law inti the great financial centers were absorbed in investments that could not be realized on so that when our time of need and stress came, we not only were at tiroes deprived of our own resources. Reproduced from the Unclassified / Declassified Holdings of the National Archives placed, there toy flat of law, tout also were denied that assistance in the m y of accommodation© to protect our trade and people that we were justly entitled to b f oustoa and the tanking relations existing. If we understand the purpose of this toill, it is to prevent not the proper motoilimtion of riy serves, tout the dangerous congestion of reserves that has obtained in the past. We feel justified, therefore, in asking that we toe permitted to build up in this great western country, a regional toank fhott' every interest is identical with the interests of all the people who pay tribute to it. We have heard it proposed that a regional toank could better conserve the interests of its members if the classes ©f paper to toe handled toy such toank «ere diversified. It has toeen suggested that a toank seeing the interests of a land of corn and cattle in part and a land of cotton in part, would protoatoly better enatole such toank $o supply the needs of the two different sections toecause of the fact that the products of one region would toe marketed and converted iato money at a different time of the year from the marketing of the products of the other region. We offer you that while in theory this arrangement might toe advantageous, yet in actual praetioe would often prove dangerous. We submit that it is frequently the ca.ee here in this western country that our wheat instead of going on the market in August and September, the usual time, on account of price a nO other reasons, i© often held toack until the fall and winter months when our corn and other farm products must toe marketed, throwing upon the banks the strain of handling all when a pe.rt should have toeen on the market and the returns on Reproduced from the Unclassified I Declassified Holdings of the National Archives hand to finance the later crop movement. What is true of wheat and corn would more often be true of cotton and corn. Those eonvtsmat with the cotton market know that it is no unusual thing for cotton to he held hack late on account of weather and jiirio#, thus necessitating the financing of marketing both crops Again, it is out contention that in the at the Bane time. region covered by the maps you are offered a class of securities! that will he entirely familiar to the officer© of the regional hank, securities that as years go by they can digest and always know what to prepare for. We submit to you that we have preponderating in the territory offered, the .following kinds of paper: that first. Paper furnishes cattle an# sheep for that great grazing empire reaching from and including northwestern Hebraoka, through to the Idaho line, These great grazing lani* are stocked up in the spring and millions of money are required to stock them. These flocks and. herds go on the market in the fall and the paper is paid. During this time there is little demand for paper locally in the eastern part of the region uni,11 the months of August and September when the marketing of wheat and oats must be financed. The returns from'the grassing lands and the 1 wheat lands are in hand then to finance the moving of the corn crop and the filling of the feed lots, which requires as a rule the most.extreme efforts of the banks in the eastern part of the region each year. This explanation if the class of paper that would be offered a bank in Lincoln shows conclusively that naturally, eeomonieally and practically a regional bank covering the territory embraced on the maps offered wouit have every oppor tunity to obtain at all times loans sufficient to make it profit- Reproduced from the Unclassified I Declassified Holdings of the National Archives *9 * able. It is but fair to statu that over a great portion of this region the time of financial stress comes ’between October 1st and April 1 st* and it i&ight be that we would hare seasons that would tax a regional bank to supply th# demand for money that might come to it# ^hat wise provision of the law that permits one regional hank to borrow fromanother would9 however, meet such a contingency fully and without question# .In conclusion, gentlemen of the Commission# we desire to say to you that we are in full sympathy with this act, t M purpose of which is to prevent the congestion of reserves that has been so detrimental under former conditions, and weofi^r you in good faith a proposition contemplating a regional bank in Lincoln, which will enable us here in the v?e*i to build isp a great agricultural bank and demonstrate to the country and the world the possibilities of this great agricultural empire'.» T/hile Lincoln is not tlMr largemt city In the paspo&ed region in population, in etery either. respect we feel that it ha is advantage# over all .eompetitari' beyond <$uest4©n* and lysine*® It la the natural economic t « a r d which all this region can focus, by reawn cf unequalled facilities of commun-icaticn* With thew remarks 2 leave you with Judge field and my other colleagues who will present to you other views and facta to sustain the contention of Lincoln that it is the natural home for a regional bank for this great agricultural region. Reproduced from the Unclassified I Declassified Holdings of the National Archives tm tm u ksstmmn o r t e r r it o k i on Basis o f tin Establishment o f 8 REGIONAL BASKS *8. SHOWING AS THUS APPORTIONED* TOR EACH OT PROPOSED DISTRICTS 1. NATIONAL BANK CAPITAL AND SURPLUS ( UNDIVIDED PROTITS OMITTKS) 2. NATIONAL BANK INDIVIDUAL DEPOSITS ( TOD® ITEM 10 - REPORT # 86, No*. 20, }• POPULATION OF DISTRICTS - CENSUS 1910 4. AREA IN S«JAHB MILES OF SUCII PROPOSED DISTRICTS. (APPROX. WHERE STATES ARE DIVID1TO) SO STATE BASKS, CAPITAL> SURPLUS OR DEPOSITS ARE INCLUDED. S M sM X t, BOSTON. Hew England States a l l OSS trrk Pennsylvania Jersey Capital Surplus Millions Total Capital & Surplus fl02 |64 1166,000,000 173 34 11 62 r 280 171 58 It 1to .......- . 3 * . 253 BALTIMORE fiaryland So. jr Pennsylvania So* i New Jersey Delaware Diet* of Columbia Virginia W. Virginia Ho* .Carolina So* Carolina E* 1/3 Kentucky B* jg Tennessee Totals 171 156 CHICAGO I llin o is Indiana Michigan W. 2/3 Kentucky Wisconsin S. 2/5 Iowa Minnesota Ho* Dakota No* 2/^ So* Dakota H. S. l/2 Montana Totals 76 28 15 14 18 14 26 5 2 2 200 45 13 a 6 8 5 16 2 1 N il m ORLEANS Georgia Florida Alabama Mississippi Louisiana W^ Tennessee S* IS* £ Arkansas S. E* l /4 & Gulf C< Totals l 0 u 11 • Missouri S. I* l / 4 Kansas !J. W* i Arkansas N*W* 5/4 Texas Oklahoma Hew Mexico Ariiona Totals 17 82 11 2 7 18 10 0 6 4 15 8 10 3 a 7 3 Tex.20 74 36 3 2 30 14 2 I ....■....... Area Sq . Miles 519 6553 61976 zm 9114 3000 102 321 1137 476*7 15 i 28 2 2 105 9 3 4 2 5 3 1 13 42 ................. 327, 000,000 22 22 *20 UST 1221 2206 1515 60 40262 24022 48740 30495 13394 20844 , 305 000,000 5639 2701 56043 36045 57480 mi 26787 2334 1425 2076 577 55256 37057 80858 70183 51245 .2212° 292 1232 33 44 54861 753 2138 1797 43 11 8? 318 46362 45409 20843 26263 90000 800 M 480 m 2596 1657 20444 26262 172398 69414 122503 113810 204 381 393742 12169 3293 16 2 1 13 4 1 1 126,000,000 544054 58725 52 116,000,000 215896 16529 133 ........ 38 9941 22416 3757 1069 421 142 151 40 100 191 36 16 •aW uJLJL 114567 1295 4665 1200 202 93 % __ _________ < L _ ♦765* 22416 3757 ♦WO 18218 542 .......................... t r Population Nearest M illion 533,000,000 11 100 11 1 5 12 6 0 , Ind. Dopesits M illion* 9331 593558 , D istrict Capital Swrt>lus M illions N0 0 L N Nebraska U W/ l h Icura 9 2 3o. l /3 So* Dakota H* W. 3/4 Kansaa 9 11 Colorado 4 Utah a doming S* W. J Montana 3 4 Idaho S*l* cor. Washington | 11* £• cor* Oregon ) ... Totals M FRANCISCO California llevada Oregon Washington Totals OIUflD TOTALS JSLL DISTRICTS REG I O N A L BANKS Total Capital & Surplus (COM?). Ind,, Deposits M illions Population Nearest M illion Area 1 . Miles 8 4 1 4 8 2 1 2 2 95 35 16 51 86 20 14 23 20 1192 800 292 1211 799 373 146 188 326 76808 18529 25623 61330 103658 82X84 97594 73101 83354 2 25 ?<* 27074 63 34 57 2 8 10 28 1 5 4 77 36 97*000,000 2378 262 6 70 44 113,000,000 $1 , 783, 000,000 5629 385 155652 109821 79673 .J M % 561 952 382 16,046,000,000 649255 3973 91,971,000 400842 2,973,890 Reproduced from the Unclassified I Declassified Holdings of the National Archives 8 «- from the Unclassified I Declassified Holdings of the National Archives tsmwvm A88S0NHW* or te r r ito r y / on Baals o f the Sstabliohaent o f 10 E B 9 1 0 If A L BANKS - 10* SHOWING AS TH03 APPORTIONED, FOR SAGH OF PROPOSED DISTRICTS 1. NATIONAL BANK CAPITAL AND SURPLUS ( UNDIVIDED PROFITS OMITT®) 2. NATIONAL BANK INDIVIDUAL BKPOSITS ( UNDER I W ! 10 - REPORT #86, Not, 20, 191?) 3. POPULATION OT DISTRICTS - CENSUS 1910 4. AREA IN SQUARE MILES OF SUCH PROPOSED DISTRICTS. HO STATE BANKS, CAPITAL. ’ (APPROX. WBBE STATES ARE DIVIDED) SURPLUS OR DEPOSITS ARE INCLUDED. P igtrlat* B 0 S T 0 N. New England States a ll YORK New Y**k No* i New Jersey No* i Pannaylvania N* S, i / 4 Ohio Totals $102 $64 $166,000,000 6553 1519 61976 HEW BALTI i f ORE So* 4 PenneyIvania So* I* New Jersey Maryland Delaware Diet* of Columbia So* £ of Ohio Tirginia West Virginia I* l / 3 Kentucky Totals ATLANTA No* Carolina So* Carolina K. | Tennessee Georgia Florida E. 2/3 Alabama Total* NEW ORLEANS V. 1/3 Alabama m 11 34 230 230 82 11 17 2 7 28 18 100 11 11 1 5 13 12 6 2 161 UO 4 179 a 6 6 15 a * 49 4 3 7 3 8 M ississippi W, ^ Tennessee S. I* i Arkansas Louisiana S.E* 1/4 & Gulf Coast * t . 20 to ta ls 45 CHICAGO I llin o is H.W. l / 4 Ohio So* Pen* of Michigan Indiana W* 2/3 Kentucky So* i Wisconsin E* 2/3 Iowa Totals g T LOU I S Missouri S.E. 1/4 Kansas N*W* -J Arkansas H.W. 3 /* Texas Oklahoma New yexieo Aritona Totals 171 12 38 ' 3 2 3 9 3 4 24 2 2 5 1 5 13 26 76 22 12 28 14 12 10 4 13 4 6 , M .. 178 91 36 3 2 30 14 2 ,J , d8 460,000,000 16 2 1 13 4 1 1 38 9114 1337 3000 iz p a 3 4 0 ,0 0 0 ,0 0 0 1087 36 22 20 52 33 71 *000*000 269,000,000 428 95 87 142 40 93 100 985 136187 34279 247944 17000 46362 20843 45409 90000 7369 245877 5639 1167 1910 2701 1527 1534 56043 10185 78480 m i 32951. 26787 30256 3293 480 774 2596 1657 32? 20* 381 12m , 9590 201 84012 48740 30495 20644 58725 700 1797 1116 800 1656 1300 141 19 8 118 72 14 9 124,000,000 14139 195 12 15 43 11 35 85 4?654 3757 22416 1351 22416 3757 99*1 1965 60 20370 48262 24082 4665 1200 1295 202 331 2400 2042 1221 7 «, 2206 1515 1069 2609 753 143& hZ 73 , 000,000 14651 1549 542 100 85 8 28 150 93 59 22 45 1 1131 102 260 -JUL. 234853 68727 20444 26262 172398 69414 122503 113810 9331 593558 Distrlet* LI NCOLN* Nebraska Wast 1/3 Iowa So. X h So* Dakota N*W* 5/4 Kansas Colorado Utah , looming S. l / 3 ifontaim So* 3/4 Idaho Totals f t IN 8 1 ! n s Ho* Pen* Michigan Ho* l/2 Wisconsin Minnesota No* 2/3 So* Dakota Worth Dakota No. 2/3 Montana Ho* l/4 Idaho vlfctshington Ho* 1/3 Oregon Totals SAM FRANCISCO California So* 2/3 Oregon Itevada Totals QRA1ID TOTALS - ALL DISTRICTS RIOIOHAL Capital Surplus Millions 16 9 2 9 11 4 2 2 ? 58 8 4 1 4 8 2 1 1 * 30 3 6 26 2 5 3 1 13 2 2 16 1 2 2 1 4J» 2 32 65 57 3 2 28 2 X 31 (Cent.) BANKS Cap, A fhjE Ind* Deposits Item IftSllllions 95 35 16 51 88,000,000 •* 91*000,000 93,000,000 f l f783,OOO#0OO 36 20 14 10 15 PopulatIon Area Sa.M. Nearest f ill. 800 18529 292 799 373 146 103658 82184 97594 1211 244 342 44 40 191 16 36 28 5 85 JL . 262 20 _1_ 576974 900 19000 800 2076 292 51245 577 251 82 1142 ..-S S L 6450 2378 343 288 #6,046,000,000 20840 66836 .JM 7P- *65299 155652 63757 329210 9i,97i*#ee 2,973,890 Reproduced from the Unclassified / Declassified Holdings of the National Archives 10 from the Unclassified I Declassified Holdings of the National Archives TB8TA3TVE ASSIGNMENT OF TERRITUK? on M s is o f the Establishiasnt of 12 REGIONAL * * at *t as as a* BASIS » *e » 9 a* SHOWING AS THUS APPORTIONED, FOR EA.C!I OF PROPOSE) DISTRICTS 1. national hamc ca p ita l and surplus 2. NATIONAL BAI®C INDIVIDUAL DEPOSITS 5. POPULATION OF DISTRICTS - CENSUS 1910 ( APPROX. TOEHE STATES ARE DIVIDED) 4. AREA til SQUARE MILES OF SUCH PROPOSED DISTRICTS. ( undivided p r o fit s o m ito d ) ( UNDER IBB! 10 - REPORT #86, Not. 20, 1915) HO STATE BAHKS, CAPITAL, SURPLUS OR DEPOSITS ARE INCLUDED. Ca p ita l Surplus M illions Total Cap. & Surp. Now England Statss a l l $102 f 166 , 000,000 T 0 R K. Hmr York No • % New Jersey No.K. l / j Pennsylvania Totals 11 22 2% P M r .M BOSTON. HEW BALTIMORE Maryland 8.X* 1 /3 Pennsylvania So* -J- New Jersey Delaware Dist* o f Columbia V irgin ia Totals P I T T S BURCH West 1/3 Pennsylvania Ohio Usst Virginia E* Kentucky Totals CHICAGO Indiana I llin o is So. Pan. of Michigan Ifest ^ Kentucky So4th i Wisconsin East 2/3 Iowa Totals S T. 17 60 11 2 7 ..J S __ 1X5 34 62 10 ? 115 $64 171 12 an 74 28 13 45 76 12 6 4 9 12 6 ,Ji,..... ..... 1 151 79 36 7 2 14 2 3P, 91 16 4 1 4 1 .....13. 39 AT L A HT A Horth Carolina South Carolina Georgia Florida E. 2/3 Alabaaa 1* ^ Tannassaa Totals 8 6 15 8 6 6 49 3 2 9 3 4 24 4 7 3 3 8 20 45 2 3 1 a 5 H 26 3 1448 232, 000,000 l89»GOOfOOO 23OtOQOi00O 130 , 000,000 73 , 000,000 71 , 000,000 14354 396 36045 5604? 38480 20091 30256 JLZSB1 21797* 500191 963S 48740 30495 58725 54861 34279 20944 2206 1515 2609 753 1438 106? 9590 700 1116 800 1797 1656 1300 201 99684 68727 40887 26262 69414 122505 172398 3293 993. 774 1657 327 2596 195 12 43 11 15 35 li 70985 14832 40740 240*2 2009P 27OI 5639 1910 1145 1534 1425 36 22 52 33 52 20 i 9633 882 141 43 8 72 14 j i i m 15000 3757 1965 60 40262 2500 4767 1221 .*14$ 142 428 87 32 93 100 66411 7755 647 m i« ». 61976 12951 664 . 47654 5757 12000 1295 *665 1200 202 331 2Q£2 237 321 59 30 Area a 6553 n u 65 35© 100 8 28 32 32 6 LOUIS Missouri S.E .l Kansas N,W.| Arkansas Oklahoma Nsv Mexico H.W* 3/4 Texas Total* O U B A H S W. 1/3 Alabama ¥. -J- Tennessee S.B. ^ Arkansas Mississippi Louisiana S.E. l / * ft Qulf Total* 417,000,000 11 Population Thousands 519 1131 102 215 11 11 1 5 12 117 Ind. Deposit s . Item 10. Millions 247944 17000 20843 26263 46362 45409 90000 7369 245877 Capital Surplus M illions D istrict* I* I II 0 0 L N* Nebraska Seat % h Iowa So. 1/3 So* Dakota M. W« ^ Kansas Colorado Wyoming 3* S. Sdge Montana Totals T WI N C I TI 1 S Minnesota Mo* Pen* of piohigan No* Wisconsin North Dakota Ho., t h So* Sakota 1* l / j Montana Totals PORTLAND Washington Oregon Idaho ¥* *§ Montana Totals SAN FRASO I S C0 California Arison* Nevada Utah Totals ' 516 9 2 5 11 2 1 46 8 4 1 2 a 1 1 25 26 % 7 6 5 2 2 44 16 « 2 a 1 1 24 13 9 3 4 5 2 t 13 Z 27 57 1 2 4 ....... 64 Total Cap* & Surr>» Population Thousands 16 27 86 14 6 Area Sq.MUoa 76808 1852$ 25623 40887 103658 97594 ll $ t 800 292 700 799 146 25 n 3$ ?!*000*000 68*000*000 40 f 000, OCX) 377699 44 40 36 16 —2. 20?6 $00 800 96*000,000 80858 19000 25000 70183 51245 60000 311 292 150 556 306286 4795 66836 1142 673 326 201 85 54 20 .J l 2342 2378 204 82 373 262 9 6 20 28 1 1 £ 32 Ind. Deposits Item 10* Millions 297 95607 83354 . m 317398 155652 113810 109821 82184 3037 461467 / CmAND TOTES FOR Mth DISTRICTS* f l #783f OOO#0OO 16,046,000,000 91,971.000 2,973,890 Reproduced from the Unclassified I Declassified Holdings of the National Archives wmxrvm mmwmm or tfrrito k y L & f, 1. WATTOKU* BANK COITAL ADD SURPL8S (UNDIVJDl® PROFITS OUITTfp) 2. NATIONS BANK INDIVIDUAL DEPOSITS (UNDFR ITS* 10-REP0KT NO, *86, No*. 20* 1 9 1 # 3. POPULATION OF DISTRICTS - CENSUS 1910 (APPROX. WHERE STATKS ARE DIVIDED) 4* ARIA IN SQUARK MILES OF SUCH PROPOSED DISTRICTS. HO STATE BANKS, CAPITAL* SURPLUS OR DEPOSITS ARE INCLUDED. | 166 , 000,000 Boston 2 1 L .,& J L & X 1 L 1 J L ;J L 1 3 4 519 , 000,000 6,553,000 61,976 New York 533,000,000 1,814,000,000 18,218,000 114,567 Baltimore 327*000,000 1 , 015, 000,000 16,529,000 215,896 Chicago 305, 00c ,ooo 1 , 231, 000,000 19,569,000 544*054 Nw Orleans 116,000,000 318, 000,000 12,169,000 3^3,742 St. Louis 126,000,000 381,000,000 9,331,000 593,558 97,000,000 385, 000*000 5,629,000 649*255 *.-la22M 22, 400.842 Lincoln San Francioco ____ J E M I 1 , 783*000,000 16,046,000,000 91,971,000 2*973*890 Booton 166,000,000 519,0<K),000 6,553,000 61,976 New York 460, 000,000 1 *569, 000,000 14*651,000 84,012 Baltimore 340,000,000 1 , 087, 000,000 14*139,000 136**8? Atlanta 73,000,000 195,000,000 9*590,000 247*944 New Orleans 71,000,000 201,000*000 7*369,000 245*877 Chicago 269,00 ,000 985*000,000 15*903,000 234,853 St. Louie 126 , 000,000 381, 000,000 9*331*000 593*558 Lincoln 68*000,000 342,000,000 5 , 182,000 576,974 Twin C ities 97,000,000 479*000*000 6,450*000 463*299 -9 3*000*0 00 288*000*000 2.803.000 321,210 # 1*983,000,000 |6,046,000*000 $1,971*000 2,973*890 Boeton 166*000*000 519*000*000 6,553.000 61*976 New York 419, 000*000 1*448,000,000 12,951*000 66,411 Baltimore 232*000,000 664,000,000 7,755,000 70*985 Pittsburg 189, 000,000 647, 000,000 9,633*000 99,684 Chicago 230, 000,000 882,000,000 14,354,000 217*972 St. Louis 130, 000, 000* 396, 000,000 9,638,000 500, i n Atlanta 73,000,000 195,000,'00 9*590*000 247,944 New Qrleano 71 , 000,000 201,000*000 Lincoln 1 1 ,000*000 279, 000,000 3,954*000 377*699 Twin C ities 68,000*000 336,000,000 4*795*000 306,286 Portland 40,000,000 182,00 *000 2,342*000 317,398 91 , 971,000 2 ,9 7 3 .« » TOTAL / MULUJUL .LC.il Son Frnncieco TOT AL _ 1LJUJUUUJLU L 245*877 v297.000.000 San Francises T O T A 7*369*000 ♦ 1 , 783, 000,000 |6,046,000,00 Reproduced from the Unclassified I Declassified Holdings of the National Archives U N C 9 U D I 8 T R 1C T I 'L National and St*to Bank* Coabfnod* 1. 2. op banks c m ~a. «ns mmpum 5. CFroStTS 8 J I 8 T S 1 C T ! 4, POPULATION 5. AREA 8CVARE KIIE8 2 1 3 4 5 tiobraoka 955 | 42,373 ,000 | 184,378,000 1 1,19* 7S,0o8 Went 1 /3 Io«» 139 16,837,000 44,542,000 800 19,529 Hort)} | Kansas 11? 14,7*3,000 57,156,000 1,211 61,310 So, 1/3 So. Dakota 150 6,628,000 25, 602,000 292 25,*23 Colorado 350 29,312*000 128,843,000 799 103,658 Wyoming 102 5,331.000 21,722,000 146 97,594 Utah 113 12,877,000 41,918,000 373 82,184 Idaho 131 N 7.9*5.000 2% 775,000 • 326 ®%354 12,6l% 000 54,963,000 108 73,101 5.000.000 ~iU S3^'£ # l»3 ,6 3 9 ,0 0 0 # 636, 099,000 955 139 130 42,373 ,000 186,378,000 1,192,000 76,808 lo,«37,0O 0 44,542,000 800,000 18,529 6,62d,ooo 25,802 ,ooo 29?,000 23,623 Ho. l /2 Kan» .« 117 14 , 725,000 57, 156,000 1 , 211,000 61,330 Colorado 350 10a 29, 312,000 128,843,000 79%000 103,658 5,331,000 21, 72^,000 146,000 97,594 75 97 6, 400,000 31 , 000,000 125,000 48,734 6, 000, 000, ^ , 500,000 244,000 62,514 113 „ JAttfliPEP U fcd t& 8 B 8 . 2 98 |142,4S1,000 <579, 861,000 5 , 182,000 576,974 3tobra«ka 955 42, 373.000 186, 378,000 1 , 192,000 76,808 W^at^m loaa 139 150 . i i , 837,600 44, 343,000 800,000 lf .,52? 6, 620,000 25, 802,000 292,000 25,623 92 350 10a 8, 723,000 33, 156,000 100,000 40,267 29, 512,006 12S,843,000 79?,000 103,658 5 , 3. » , « x j 21, 722,000 146,000 97,594 25.000 14.600 § Montana S* E. ^anfcinglon) K. £. Or«gon ) Total* 97 ___SSL 2194 - - J £ ?- 5 , 629,000 649,255 MLJUOJULL^LLA lfobrmska Western Io*a So. 1/3 So* !te*ota Wyoming So* l /3 Montana • 3/4 Id»J>0 Utah Totals So. 1/3 So. Dakota N. W. Kansas Colorado Wyoming 8. W. 1 /4 Montana Totals ___ 41 1833 . .....5.350.000 114,554,000 82.184 460, 443,000 3.^54,000 377,697 Reproduced from the Unclassified I Declassified Holdings of the National Archives January 21, 1914. LINCOLH HEARINGS ♦ Hearing a t Llnoola w ill toe held In fed era l Court Room, Hew Post O ffic e Bfeilding, beginning a t tea Saturday, January t«»B ty~four th• The follow in g rep resen ta tives from Linooln w ill appears Dr. P* S*» H all, representing Clearing House Aa s o d at ion A llen V* F ie ld , * dev* John H« Morahead, f* R» M ellor, Cm f* Bryan, commercial In te re st* in form ally Seer®tary State Board o f A gricu ltu re, inform ally and others* Matter 1£ the hands o f C* C* Qulggle, President Lincoln Commercial Club* and 8* S* Freeman, President* Linooln Clearing House A ssociation * rep resen tstiv ee w ill he s e le cte d at |olnt Conferenee o f Omaha Clearing House Cowait t«e and Omaha Commercial Cluh on F ri day* V II1 w ire names when received . S ecretary, Reserve Bank Organisation Committee* Reproduced from the Unclassified I Declassified Holdings of the National Archives W ESTERM UNION DAY I R t THEO. N. VAIL, PRESIDENT Form 2589 B BR R E C E I V E D A T tbe WESTERN UNION BUILDING,195 Broadway, N. Y. “X i? W3502CH DMP 8 0 BLUE LINCOLN NEBR JAN b 1 9 1 4 / HON WM G MCADOO SECY U S TRESURY CARE U3S SUBTREASURY / J) / (/ y /) ‘J NEW *f / J / ' ACCORDING TO PUBLISHED SCHEDULE YOU W I L L BE IN KANSASCITY JAMUARY / , 2 4 AND DENVER THREE DAYS JANUARY 2 b 2 7 2 8 AS LINCOLN AND OMAHA BOTH D E S IR E A REGIONAL BANK CAN YOU NOT COME TO LINCOLN LONG ENOUGH TO HAVE CLAI MS OF LINCOLN AND OMAHA PRESENTED AT LINCOLN I VERY MUCH HOPE THAT YOU CAN SHOW T H I S COURTESY TO NEBRASKA WHICH HAS BEEN A P I O - E E R IN THE ADVOCACY OF THE P R I N C I P A L S ON WHICH THE CURENCY B I L L W J BRYAN b45PM I S BASED Reproduced from the Unclassified I Declassified Holdings of the National Archives Form 102 THE WESTERN UNION TELEGRAPH COMPANY /N INCORPORATED 25,000 OFFICE9T IN AMERICA. T H E O . N . V A IL , PRESIDENT RECEIVER’S No. . / / i CABLE SERVICE T O ALL T H E WORLD / B E L V ID E R E B R O O K S , GENERAL MANAGE* A ? TIME F I L l f f ^ ^ / i? • I CHECK 1 / f j ' n t^ tu r S end thefollow ingm estageukf^ttottjeto rn r^ s onbaekhereof,w hioharohtfnbyagreedto ■ rn - -"K £ 191 .... *>• ]Q ^<9->v £ Reproduced from the Unclassified I Declassified Holdings of the National Archives TREASURY DEPARTMENT TELEGRAM. f I j « i ’ W HERE W R ITT E N : RESERVE BANK OHSAHIZATION COi&ilTFBB - fl» W ashington, vl f, IlM ^ January 14f 1914* TO C harles V* Bryan, L in c o ln , $ebr» Chairman requests that I n o t ify you thathearing w ill be held at Lincoln on Saturday. January tw enty*fourth. Secretary pro tern Reserve Bank Organisation Committee. O F F IC IA L B U S IN E S S . G O VER NM ENT R A TES . C harge T reasury D 2—682T 0 1 *7 1 f f AT W ' * * V ep a r tm en t, * * U » . A p p r o p r ia t io n fo r ____________________________________________________________________________________________________________________________ The appropriation from which payable must bo stated on above line. DEPARTMENTAL STOCK FORM 9jjps. Reproduced from the Unclassified I Declassified Holdings of the National Archives TREASURY DEPARTMENT TELEGRAM. W H E R E W R IT T E N : W ashington, RESERVE BANK ORGANIZATION COMUimS. -y-Q January 24f 1914* George R* Cooksey, Fedoral Court Rooa, new Post O ffle e B uilding, L in coln , Nebraska* Memorandum appearance* matled you at Lincoln* Examiner John Rush w i l l attend Oaafca d e le g a tion and a ea ist in arrangements* Please wire t i » e o f a r r iv a l and departure from Austin* Hot shown on itin e ra ry l e f t w ith me* O F F IC IA L B U S IN E S S . GO VER NM ENT R A TES . C harge T reasury D 2—6827 e p a r tm en t, OFFICIAL* A p p r o p r ia tio n fo r _____________________________________________________________________________________________________ The appropriation from which payable must be stated on above line. DEPARTMENTAL P0RM 2 I28- Reproduced from the Unclassified I Declassified Holdings of the National Archives TREASURY DEPARTMENT TELEGRAM. W H E R E W R IT T E N : W ashington, RI5BRVB BANK ORGANIZATION COMMITTEE. January TO 2 3, 1914* Hon* William G* McAdoo* Reserve Bank O rganisation Committee, Federal Court Roosit Federal Building* Kansas City* M issouri* Have forwarded to Lincoln l i s t o f appearances received and r#» queeted the Postmaster to d e liv e r promptly# lies tin g held in nsw Post O f f i c e building* Exam!nor John Rush requested to meet oonmi ttee* Secretary Resort* Bank Organisation ffooraittee. O F F IC IA L B U S IN E S S . G O V E R N M E N T R A TE S . C harge T reasury D 2—6827 e p a r tm en t, OFFICIAL* A p p r o p r ia t io n fo r _________________ _________________ i _______________________________________________________________________________________ The appropriation from which payable must bo stated on above line. DEPARTMENTAL STOCK FORM 2 128. Reproduced from the Unclassified I Declassified Holdings of the National Archives WESTERN UNION TER DAY T H E O . N . V A IL , P R E S ID E N T RECEIVED a t the WESTERN 019CHAUE 1 47BL UE 12EXA UNION BUILDING, 195 Broadway, N. Y. LINCOLN NEBRASKA JANUARY 6 1 9 1 4 HON m G MCADOO ALWAYS OPEN 'o . % ■ >] / - SECRETARY U S TREASURY CARE US SUB TREASURY ON BEHALF OF THE BANKING AND COMMERCIAL INTERESTS OF NEBRASKA WE MOST EARNESTLY REQUEST THAT G IV E A HEARING AT LINCOLN YOUR COMMITTEE ON BANK ORGANIZATION ON JANUARY 2 6 FOR THE ACCOMODATION OF LIN CO LN AND M IL E S AWAY YOUR IT IN E R A R Y NOW AND DENVER THE 2 6 T H 2 7 T H YOU TO LEAVE KANSASCITY ON OMAHA OMAHA BEING ONLY F I F T Y PROVIDES FOR KANSASCITY JANUARY 24 AND 2 8 T H T R A IN SCHEDULES W IL L PE RM IT EVENING 2 4 TH OR 25TH ARRIVE LINCOLN EARLY MORNING 25TH T RforAFRASER IN OUT OF LIN CO LN Digitized NEW YORK OR 2 6TH SPLENDID S I X OCLOCK EVENING OF 26 TH Reproduced from the Unclassified / Declassified Holdings of the National Archives UNION WESTE DAY Form 2583 B 'T E R T H E O . N. V A IL , P R E S ID E N T RECEIVED AT the WESTERN UNION BUILDING, 195 Broadway, 01 9CHAUE 147BLU E LINCOLN NEB JAN * 1 9 1 4 N. Y. HON WM G MCADOO / NEW YORK SHEET 2 REACHING DENVER EARLY MORNING JANUARY HONOR TO LINCOLN W IL L ALSO GREATLY LINCOLN AND W IL L BE MOST 27TH THIS ACCOMMODATE BOTH OMAHA AND HE AR TI LY APPRECIATED BY E N f I R E C I T I Z E N S H I P OF NEBRASKA H S FREEMAN PRESIDENT LINCOLN CLEARINGS HOUSE ASSN C C QUIGLE PRE SIDENT LINC OLN COMMERCIAL CLUB 730P Reproduced from the Unclassified I Declassified Holdings of the National Archives Fom 102 TH E WESTERN UNION TELEGRAPH COMPANY INCORPORATED 25,000 OFFIC TH E O . N. VAIL, P R ES ID E N T CABLE SERVICE TO ALL TH E WORLD B E L V ID E R E B R O O K S , GENERAL MANAGER 4 ■€.------ -■ <• l / s---i——------------------------------- gpfe— Reproduced from the Unclassified / Declassified Holdings of the National Archives TREASURY DEPARTMENT TELEGRAM. W H E R E W R IT T E N : RESERVE BANK ORGANIZATION COMillTTSE TO W ashington, H# S. Freeman, Proaidant, Clearing House A ssociation , L incoln, Nebr. January 14, 1914* Committee has arranged to have hearing at Lincoln Nebraska on Saturday, January twenty-fourth* Sec rotary t»ro tom Ressrvo Bank Organisation Committee* O F F IC IA L B U S IN E S S . GO VER NM ENT R A TES, C harge T reasury D 2— 6827 OFFICIAL epartm ent , A ppr o pr iatio n f o r ______________ __ ___________________________________________________ T h e a p p rop ria tion from w h ic h p a y a b le m u st b e stated on a b ov e lin e. ________ ____ _____________________________ DEPARTMENTAL STOCK FORM 2 I 28. Reproduced from the Unclassified I Declassified Holdings of the National Archives TREASURY DEPARTMENT TELEGRAM W HERE W R ITTE N : Washington RESERVE BANK ORGANIZATION COMKITTBE. January 199 lc14. 1° H. S. Frseiaan, President, Llanoln Clearing House Assoeiait on, Lincoln, Nebraska. Will bo glad if you can wire me list of names of thoss te appear at hearing of Committee Lincoln, Nebraska, January twentyfourth. Secretary Reserve sank Organ izril;icm Comittee. O FFIC IAL BUSINESS. GOVERNMENT R ATES. C h arge T reasu ry OFFICIAL. D epartm ent, A 2—6827 p p r o p r ia t io n f or The appropriation from which payable must bo stated on above line. DEPARTMENTAL STOCK FORM 2 1 2 8 , Reproduced from the Unclassified I Declassified Holdings of the National Archives TREASURY DEPARTMENT TELEGRAM. W HERE W R ITTE N : Washington RBS5RYE BiffK ORGANIZATION COMMITTEE, January 21,1914. H* S. Freeman* Pros! dent Lincoln Clearing Houee Association* Lincoln}. Nebraska. Hooting Reeerve Bank Grgauiiation Committee wll) be held Federal fourt Hoorn new Poet office Building beginning ten A«KUy January twenty-fourth* Seorotary Reserve Bank Organ istatlon Cotami ttee• OFFICIAL O F F IC IA L B U S IN E S S . G O V ER N |£|N T R A T E S . C haro^ T reasury D 2— 6827. ' ep a r tm en t, A p p r o p r ia t io n for T h e a p p rop ria tion fr o m Avhich p a y a b le m u st be stated on a b ov e lin e. D E P A R TM E N TA L S T O C K FORM 2 128. Reproduced from the Unclassified I Declassified Holdings of the National Archives TREASURY DEPARTMENT TELEGRAM. WHERE W R ITTE N : Washington, RESERVE BANK ORGANIZATION COMMITTEE TO c* Quigle, Preoid®ntr Lincoln Coarcaraltil Club, Lincoln, Mebr* Jammry 191 1914* Will be g3ad tf yot* oan wire me list of names of those to appear at hearing of Convnlttee Lincoln January twenty-fourth. Secretary Res^ nra ^ank Organisation Committee OFFICIAL. O F F IC IA L B U S IN E S S . G O VER NM ENT R A TES. C harge T reasury D 2— 6827 ep a r tm en t, A p p r o p r ia t io n fo r _______________________________________________________________ T h e a p p rop ria tion fr o m w h ic h p a y a b le m u st b o stated on a b o v e lin e . D E P A R T M E N T A L S T O C K FORM 2 128. Reproduced from the Unclassified / Declassified Holdings of the National Archives gvrnsmvij §epuvtmmt TELEGRAM 23P0 MO 60 12 ex LINCOLN N eb/Jan 20 1914 M G E l l i o t t , S e c r e t a r y R eserve Bank O rg a n is a tio n Committee , Wash in g t o n , D. C. F o llo w in g w i l l appear a t h e a rin g o f com m ittee on January tw en ty f o u r : Dr P L H a ll, r e p r e s e n t in g C le a r in g H ouse; A lle n W 3 ?ie ld , r e p r e s e n t in g Commercial i n t e r e s t s ; G overnor John H Morehead in f o r m a lly , W B M e llo r , s e c r e t a r y s t a t e board a g r i c u l t u r e , in f o r m a lly ; G W Bryan, in fo r m a lly , and o th e r s in c lu d in g r a ilw a y and m ail e x p e r ts C C Q u i g g l e p r e s i d e n t , L in c o ln Commercial C lu b ; H S P r e e m a n ,P re s id e n t, L in c o ln C le a r in g House Assn 205 pm Reproduced from the Unclassified I Declassified Holdings of the National Archives TREASURY DEPARTMENT TELEGRAM. W HERE W R ITTE N : Washington, RESERVE BANK ORGANIZATION C0MMITTS1. January 21f 1914* TO C. C. Q a ig g l# t P r e s id e n t , L In e o lii Cotnnn r s l a l C lub, L in c o ln , Nebraska* Moating U« genre Bf*.nfc Org filiation Cocaaitteo will be bald Federal Court Hoota now Post Office Building beginning ten A.LU, January twentyfourth* Souretary Reserve Bank Organization Committ#*. O F F IC IA L B U S IN E S S . G O V E R N M E N T R A TE S . C harge T reasury D 2— 6827 epar tm en t, IA I V ff J 1 W i f t U « A p p r o p r ia tio n fo r _________________________________________________________ : _________________________________________________________________ T h e a p p rop ria tion fr o m w h ic h p a y a b le m u st b e stated on a b ov e liijp. D E P A R T M E N T A L S T O C K FORM 2 I 28. Reproduced from the Unclassified I Declassified Holdings of the National Archives BCW* January 22, 1914* Sir? I w ill giraaily appreciate your aourtaay if you w ill k ladly aa** that all siail aAd talagraras addrassmJ to tha Raaarva Bank Organisation Coaaraittaa* ofc any member of the party* ai thar in your care or in oare of p riva te Full man. Car •Hat i on a l,* ia dUlivarad promptly* Reepactfttlly* Sacrat aryf H990W Bank Organisation Coiaaittaa* Poatm&s ter* Line o.ln, Habraaluu Reproduced from the Unclassified I Declassified Holdings of the National Archives - o u A h a - .RESERVE BA'TK BKCOMKJSiriA'ilOMS. Reproduced from the Unclassified / Declassified Holdings of the National Archives n. January 24* 1914 SHOWING OP THE BANKS OF OMAHA AND SOUTH OMAHA; NEBBASKA Average percentage of remittances to eastern, southern and western points.: New York Chicago . * . . . • • • . • . . * . • 22% * #63 St* Louis and miscellaneous southern points Minneapolis and St. Pa&l . . . ♦ Denver . . . . . . . . . 9 3 3 Reproduced from the Unclassified / Declassified Holdings of the National Archives Thw Am erican S m eltin g and R e fin in g Company, Showing S ta tc a r e p r c e e n te d i a M eta l R ecei p t s and Shipm ent*. Year o f 1913. R e c e ip ts . G old O zs. S i l v e r O zs.Lead T on s.C opp er L b s. S ta te s. 1 3038 955 17045 855 18 10726286 182602 204 85 3046519 1880 5598 3289 1184 20 1300 3629 11040 216601 4348973 912 270257 18550140 S3 231885 7548 424 16 7891 23 A .banta* C o lo ra d o . Id a h o. I llin o is . Iow a. Montana. M e x ico . M is s o u r i. Hew M exico* N ebraska. Nevada. Oklahoma. P e n n s y lv a n ia . S o.D a k ota . T exas. Utah. Wyoming. 116 413 14 ^OTAL Shipm ents 42728 726 # 6 9 2 .2 5 ; 16916583.50 437 16 8.4 0 115537.75 1 1 5 4 .12 5754005.50 1 6 0 2 .95 232890.87 31631.07 9 9 3 8 .0 5 3 0 1 .1 0 7 8 1 .8 3 73 66 .69 7 0681.45 6 97 742.46 6 360791.06 76951.44 7238601 683361 5067 188313 1089047 178769 8 15 7 273 28149 12 25296 4662 3437383 6158724 385236 126399 19394471 30715820.49 • fo ils G o ld .O z s . S i l v e r o z s .L e a d T on s.C op p er L b s. V i t r i o l . S ta te s. p . 8 .M in ts . Canada. C o lo r a d o . C o n n e c tic u t. G e o rg ia . I llin o is . Iow a. In d ia n a . K entucky. Kansas L o u is ia n a . M aine. M a ssa ch u setts M aryland. M ich ig a n . F Jn n eso ta . 1 js o u r i. N ebraska. New Y ork . w Jersey. o /i i o . P e n n s y lv a n ia . Hhode I s la n d . S o. D akota. T en n essee. Utah. V ir g in ia . W is co n s in . 52500 1965 28 V a lu e. 266413 16945734 253 19 4326 58 48089 20 650 26 25 60 • TOTAL 7753 2054 1589978 501079 21 12820345 3878792 19036791 122569 287 164 63 19 75 127 76 57 64 40 25 38 20 20 1282 ■■ - 276220 3525 1800 433 1935 8845 8060 23294 7681 4195 8150 50 25 83 1076 16699137 2487 V a lu e. 15668873.00 20240.00 1 5 2 0 .9 0 378092.00 1 1709.00 4289058.00 1 7 4 8.00 5 6 8 1 0 .0 0 4 35 2.00 218 5.00 5 2 4 4 .0 0 2 29 60.00 321305.00 3231542.00 3 93 64 .0 0 1 69 119.00 7 7 9 05 3.0 0 7 14 6 0 4.0 0 20 41626.00 1610457.00 3 71 763.00 715 51 0.0 0 4 3 7 0 .0 0 218 5.00 2 0 0 0 .00 4 7 8 8 .0 0 1 7 4 8 .0 0 112047.00 30884272.00 Reproduced from the Unclassified I Declassified Holdings of the National Archives 2? CHICAGO, BUBLIUGTOU & QUIHGY RAILROAD COMPANY. Statem ent show ing number o f Jons R e c e iv e d East~Bound i n t o Kansas C i t y , Omaha and S o. Omaha fo r Year 1913. Tons Kansas C ity 6 2 6 ,2 6 8 Omaha 7 4 5,730 SO« Omaha O ffic e 4 7 2,166 / i / 7 o o f A u d ito r f r e i g h t A o co u n ts, C h ica g o , 1 1 1 ., F ebru ary 3 r d , 1 9 1 4 . Reproduced from the Unclassified I Declassified Holdings of the National Archives In the Matter of TELEGRAM Referring to Political Pull* In reference to the telegram displayed at the Lincoln hearing, which had been sent by the Qnaha Clearing House to a number of banks who had neglected to return,cards expressing their preference for a reserve bank between Omaha, Lincoln, and Denver, and concerning which the Committee requested the writer to investigate and report, I would state as follows:The telegrams in question, urging prompt response, were sent by the Clearing House Committee, but the wording and form of the messages w8 re left to the party having such matters in charge* The words used concerning political pull were induced by the fact that it had been found difficult to impress on banks in Nebraska and elsewhere east of Colorado the possibility that Denver could be named for a reserve bank in a manner to affect them* Something was needed to bring the possibility home to them, and the reference to politital pull was only the statement of a notorious fact* It had been commented upon in the newspapers that the Colorado senators were exercising all the political pull in their power to have Denver named, and it had been openly charged that their special activity was the result of a special cause* No reflection whatever was made upon the Committee in the telegram* There was no suggestion that they had been or would be influenced by this political pull. The only reflection, if there was any, came from the party who sent the message to the Committee with the idea that it could have any influence upon their conclusions* Respectfully submitted, Reproduced from the Unclassified I Declassified Holdings of the National Archives F. A. M? CORNACK, C. D. YO U N G , C a P re st. C .T IN6HAM,|STV.P r e s t . s h ie r N O . 9796 O F COLE RID GE Capital Stock $ 4 0 ,0 0 0 .0 0 wm January 22nd, 1914, Hon. W i l l i am G M eA d d o,S ecreta ry o f the T r e a s u r e r y ., R eserve Bank O r g a n iz a tio n CoHimittee, L in c o ln , N ebraska. P ear sir:** l o g i c a l c i t y f o r a F e d e r a l H eserve Bank f o r t h is s e c t i o n o f the C ou ntry, however i f Omaha i s n o t s e l e c t e d we would p r e f e r to be in the C h icago R eserv e Bank t e r r i t o r y . . JOHN S A N D R 0 C K , A s s t .C a s h . Y ours r e s p e c t f u l ly * C ashier* Reproduced from the Unclassified I Declassified Holdings of the National Archives (M) Jaxmaxy &8th, 1914* 3 I E t- Tour lo it e r of January ^2ndta&~ dreased to See rot aay Me M 00* ferred to &©cm re o ffic e fox attention* Xu wrply# I lJ®g to advise that your imggeation that 0RBihaf Hetsrasto, is the log ica l o ity fo r a Federal Iteeerva &u& la t&at section w ill "be called to the attention o£ the Committee when it cor# liters tills f i c t i o n * Baa}>acttally, ^osttrvo Baa* Organization Oorfrdttee* Hr* 0* B* Tomigt latiLXer, flie First ’ ^ti- '-aI ?*i?' * 0olebrl^ e, " ebn 'oaraaisa# Reproduced from the Unclassified I Declassified Holdings of the National Archives 4 5 S 8 G E O .I. P A R K E R , P re s id e n t. T h e F i r n t Xa t i o x a l K a x k CAPITA L OF W . S . W E S T O N , V ice Prest. h E N R Y L A M M E R S , Vice Prest. R . G . M A S O N , C a s h ie r. 0 0 ,0 0 0 .0 0 IO, 0 0 0 .0 0 S UR PLU S G E O . B E S T E , A s s t. C a s h ie r. A L P H O N S E L A M M E R S , A s s t. C a s h ie r. HAKTIM CT (W » WEBit. January 22nd 191^Hon. yta.G.lieAdoe, Chairman, Idneom, lebrasfca* Hy Bear sirfWhile it may sees preposterous for us to writ# y ou relative to the orgax&W&ion or location of the federal Reserve Bank for this section of eur ematry, X eannot refrain from expressing tue view ef myself and the Panics with whieh I am associated/briefly* Omaha, is the logieal legation for a federal lesreve Bank for tins section of the country and a vast territory on the south an«west,as most of our stdik shipments are marketed there*, i f , however, Omaha/is not to be consider ed ;Chicago should be the next plaee considered, in our juipml* The trend of business is towards the east and there are no cities of importance west ef Omaha which draw any trade from territiory to the east of them, until we get to the coast cities* In faet we seriously believe it would he a serious calamity to Nebraska should this state be included in a t e r r i t o r y e t h e r than Omaha o r Chieago*. you rs v ery t r u ly , flH ST BATIQNAL^BAJ Of HAETINGT0ir,5eb S ft r e se t By ^ P e o p le s S a vin g s Sank o f H a r tin g to n , Ifeb• By trest*. f i r s t n a t io n a l B a n k / o f iy n o t,H e b * By Irest* Farmers S ta t e Bank o f Q b e r t, by f r e s t * Parmer & o f B l o o m f ie l d f* e b . I S & f f | i X fsS r ®8t o t *^*‘th e a a t S f r a l k a Reproduced from the Unclassified I Declassified Holdings of the National Archives 9793. <**F ir s t Na OF t io n a l L.AUR E.L F. A . M e C O R N A C K , P r e s i d e NT. J . H . C O B U R N , V i ce P r esident I a ir W. T . G R A H A M , C . C A P I T A L $ a s h ier <5< S U R P L U S 5 0 ,0 0 0 . 0 0 . liA U R E L ,N E B R A S K A , 22nd, IS 14* R eserve-B ank O rg a n iz a tio n Com m ittee, L in c o ln , Nebr# Hon; W illia m G. MeAdoo: Pardon me f o r w r it in g you in a s u g g e s t iv e man n e r , b u t I cannot h e lp but s a y , th a t lo e a t e d as we a re in t h i s a g r i c u l t u r a l r e g io n o f th e C en tra l W est, we s i n c e r e l y b e l i e v e Omaha sh o u ld be ou r F e d e ra l R eserve C it y . minds i t i s In ou r the l o g i c a l p la c e f o r t h i s a g r i c u l t u r a l :r e g i o n * I f , h ow ever, you cann ot see f i t t o make Omaha[/ & F e d e ra l Re s e r v e C ity f o r u s , we would e a r n e s t ly r e q u e s t th a t you p la c e us w ith C h ica g o . Very t r u ly y o u r s , WTG/JBG. . P A U L S T E W A R T , A s s t C a s h i e r .. C ash ier* Reproduced from the Unclassified I Declassified Holdings of the National Archives TH E I^ e b b a s k a Na t io n a l B a n k O MAIIA H. W . YA TE S PBBSIBElirT F .W : G U R K E . V IC E P R E S ID E D . H. W . Y A T E S , J ». C A S H IE R I*. W. S C H E I B E L February 9, 1914. A S S T . OASH IEH Hon. Wn. G. McAdoo, Secretary of the Treasury, Hon. David F. Houston, Secretary of Agriculture, Hon. John Skelton Williams, Comptroller of the Currency, ORGANIZATION COMMITTEE, Washington, D. C. Gentlemen:At the hearing in Lincoln, I was# personally requested by your Committee to supply briefs upon point/ in the new currency law which were specifically marked in the co/y of the law handed me, namely:Commercial Paper. of Checks. I have the honor to submit herewith separate briefs upon the two items. I was also requested to investigate and report concerning telegrams sent from the Omaha Clearing House to a number of banks, carrying reference to "political pull." I submit in a separate paper my report upon the matter* Yours respectfully, Reproduced from the Unclassified I Declassified Holdings of the National Archives Hon* William G. McAdoo, Secretary of the Treasury, Hon. David P. Houston, Secretary of Agriculture, Hon. John Skelton Williams, Comptroller of the Currency, ORGANIZATION COMMITTEE, Treasury Department, Washington, D. C. Gentlemen:— In pursuance of the understanding obtained at the Lincoln hearing, I have the honor to submit herewith, on the part of the banks of Omaha and South Omaha, the following exhibits in support of the brief which was then submitted to you:(1) We send you under separate cover, by express, the cards received from the banks in the territory suggested for an Omaha district, expressing preference as between Omaha, Lincoln, and Denver, which will be found to agree substantially with the figures in the brief. For Nebraska these figures show:For Omaha " Lincoln H Denver Total (2) 845 65 None 910 from 950 banks addressed. A document giving statistics and the source of same in confirmation of the claims of Omaha set forth in the brief filed under the head of "Business’* at page 9* (3) The report from the American Smelting and Refining Company’s plant at Omaha, showing receipts of ore and bullion for year 1913 and the product and distribution of same* (4) Report from Mr. John C. Wharton, Postmaster of Omaha, showing total postal receipts from sale of stamps, envelopes, etc., and other postmasters, for year 1913,............ $ 2,108,894.82 Total money order transactions. $11,136,009.75 Reproduced from the Unclassified I Declassified Holdings of the National Archives (5) Concerning the jobbing wholesale business of Omaha: This has been submitted in a separate communication from Mr* Ward Burgess of the M. E. Smith Dry Goods Company, in accordance with the request made of him by you at the Lincoln hearing* (6 ) Concerning the discount requirements of the district tributary to Omaha: This has been submitted to you in a separate communis cation from Mr. John C* French, Cashier of the Stock Yards National Bank of South Omaha, as requested of him at the Lincoln hearing* |atter, We also have the honor to submit additional and new matter which was not covered at the hearing*(7) Report from the Auditor of Freight Accounts of the Chicago, Burlington ft Quincy Railroad system, of the tons of east-bound freight into Kansas City, Omaha, and South Omaha, during the year 1913, showing as follows:Tons. Kansas City Omaha & So.Omaha 626,262 1,217,896 (Omaha nearly doubles Kansas City). (8 ) Report from the General Freight Agent of the Union Pacific Railroad system for 1913, showing tonnage into Omaha terminals and Kansas City as follows Omaha, South Ctnaha & Council Bluffs, 880,481 tons Kansas City, 522,208 M From Denver into Omaha, 14,701 H From Denver into Kansas City, 2,722 M These two railroad systems supply almost the total transportation business of both Kansas City and Omaha to the immediate west. With that part of the business going into Kansas City over these two railroads through the state of Kansas, Omaha does not pretend to rival Kansas City; but on these lines north of the state of Kansas, where competition would exist if therd was any, these figures clearly show that Kansas City i3 no rival to Omaha. Reproduced from the Unclassified I Declassified Holdings of the National Archives The figures of the Chicago <5b Northwestern Railroad system are not given for the reason that it has no delivery into Kansas City. This railroad gives Omaha another outlet to the west and northwest and reaches South Dakota points and the Black Hills* Its figures for freight into Omaha would probably be as large as either of the other systems. Inducements to Increase Deposits. One of the questions asked or suggested by you at the hearing was not sufficiently answered at the time. This was in relation to the inducements offered for increasing deposits* If your Committee should take the trouble to make close inquiry upon this point, you will find that for twenty years or more past the Omaha banks have steadfastly refu»ed to offer any of the inducements to secure business which have been so extensively practiced by its rivals* They have refused to pay more interestjon balances than two per cent, per annum, the rate paid by New York and Chicago banks, and they have refused to make collections at a loss or to credit checks and absorb the charges in exchange for a .deposit account* Their resolute adherence to this rule has unquestionably lessened their deposits from other banks* They have always held that these practices to gain business were not in accordance with sound business principles, and they believe that in substantial results they have lost nothing by this policy* Respectfully submitted, Omaha, Nebraska, February 9, 1914* Reproduced from the Unclassified I Declassified Holdings of the National Archives BIANDAKD 11-13-20000 POHM 1 5 9 3 TXNTON P A C I F I C R A IL R O A D COM PANY in CHARLES J . I iA N H , W . H. GARHATT) GEOHQK h j e p I jY punAsm b e b b r GmtUBAi! F r e ig h t A gent A s s is t a n t G e x m r a l F r e ig h t A gent W . H A M I L T O N , A s s is t a n t G e n x u j . F r e ig h t A gent OMAHA, NEB., F eb. 5 , 1 9 14 . Bear Mr. Drake: For th e C alen dar y e a r o f 1913 t h e r e was a t o t a l tonnage r e c e iv e d and ta k e n in t o a cco u n t a t th e te rm in a ls o f C o u n c il B l u f f s , Omaha and South Omaha o f For th e same p e r io d we t o o k i n t o Kansas C ity where i t 8 8 0 ,4 81 t o n s SEE,208 to n s o f t r a f f i c te rm in a te d . For th e same C alendar y ear o f 1913 t h e r e were forw ard ed from Denver and sto p p e d at the th r e e te rm in a ls h e r e o f t r a f f i c * and f o r the same p e r i o d t o Kansas C it y . 272Z ton s from Denver 1 4 ,7 0 1 t o n s Reproduced from the Unclassified I Declassified Holdings of the National Archives Untteft States float GMjj* OFFICE OF TH E POSTMASTER om aha, N e b ra sk a January 31, 1911* Hon* W*H*Bucholz * Hon* Ward If Burgess, Omaha National Bank, Omaha, Nebr* G e n tle m e n : I herewith transmit to you a statement of the receipts of the Omaha post office for the year ending December 31«t, 1913» Sale of stamps, envelopes, eto for the year ending 1913*****$1,326,978*75 Deposits received on general postal aocount from post masters in Nebraska during the year ..... 781.916*07 Total received from sale of stamps and from postmasters in Nebraska during the year 1913*«»***«»**»$2>108,89*f*82 Khcpenses of the Omaha office for the year 1913***•••*••♦••**♦ 555,080*90 Paid railway postal clerks through Omaha office 1913*••••••• ^13,998*2^ Paid rural oarriers from the Omaha office during 1913***.*** 1.186.153*61 Total expenses of Omaha offioe and money paid through Omaha offioe to railway postal olerks and rural oarriers.**♦ »•*•••••••••*•••.... ...... . **$2,155,232*75 Amount of money orders issued at Omaha offioe during 1913»*$1,329,821*38 Amount of money orders paid at Omaha offioe during 1913***,**97,I*f7**f6 Remittances received from postmasters on money order aocount during 1913.*..****..»***.**«**********.******. .6.309 .q *»q »91 Total amount of money order transactions at Omaha offioe for the year I913****»***«******»****»»»4ll, 136*009*75 Respeq$£ully submittod, Postmaster* JCW-MS Reproduced from the Unclassified / Declassified Holdings of the National Archives NO.467. d fa fa t $50,000.00. M .SO R EN SO N , C a s h i e r . FRANK M E TS C H IE S , A s s t . C a s h i e r . R O SS A . M O TE, A s s t . C a s h i e r . Jajay 22n d ‘ in-. Hon W illia m G. McAdoo, Chairman Com m ittee, R e g io n a l Banks, s i t t i n g at L in c o ln , Kebr* My Dear Mr Chairm an:~ P erm it me to c a l l y ou r a t t e n t io n to the c i t y o f Omaha as b e in g , in my ju d gm en t,th e n a t u r a l and l o g i c a l p la c e f o r a r e g i o n a l bank to b e s t s e r v e the i n t e r e s t s o f a v a s t a g r i c u l t u r a l r e g io n , v a s t a t t h i s tim e and grow in g a t a r a p id r a t e . I t i s d e s tin e d to be the g r e a t e s t a g r i c u l t u r a l and s t o c k growing^Cnd fe e d in g r e g io n in the U n ited S t a t e s . A r e g i o n a l bank a t O m aha^ould be o f g r e a t b e b e f i t and c o n v e n ie n ce t o th e se i n t e r e s t s w hich a re o f such g r e a t im portan ce to riot o n ly t h i s p a r t i c u l a r s e c t i o n o f th e co u n try b u t to the co u n tr y as a w h o le . Our p a r t o f th e co u n try sh ou ld be lin k e d to w ith a r e g io n a l bank th a t w ould be o f e s p e c i a l s e r v i c e Aand in sympa*th y w ith the a g r i c u l t u r a l and s t o c k f e e d in g i n t e r e s t s . N ebraska i s p u r e ly an a g r i c u l t u r a l , s t o c k g row in g ,a n d s t o c k f e e d in g s t a t e . There i s n o t a mine in the w hole s t a t e . When our c r o p s a re m atured and commence t o m o v e ,in th e l i i t l e tra d e t e r r i t o r y o f P la in v ie w a l o n e ,t h e th re e banks o f P la in v ie w are c a l l e d upon ea ch f a l l d u rin g O c t o b e r , November and December to fin a n c e farm ers and c a t t l e f e e d e r s t o the e x te n t o f $ 2 0 0 ,0 0 0 .0 0 . This i s o n ly i l l u s t r a t i v e o f c o n d it io n s th rou gh ou t t h i s a g r i c u l t u r a l r e g io n w ith a l l banks and a l l to w n s. The b e t t e r the c r o p s th e g r e a t e r th e s t r a i n u n t i l th e cr o p s go to m arket, d i r e c t l y in the form o f g r a in ,o r i n d i r e c t l y in th e form o f c a t t l e # h o g s . Yours t r u l y , MTTl Reproduced from the Undassffied I Declassified Holdings of the National Archives Th e S e c u r it y Na t io n a l R an k C A P IT A L $ 5 0 . 0 0 0 P A U L B U O L , P r k s id k n t C .H . R A N D A L L ,V ic c -P ft» T . Ra n W . R .C A IN , C a s h ie r . dolph ,N e b r Jan* . 2 2 , 191^ S e c r e t a r y McAdoo, L in c o ln , N ebraska, Dear Sirs In fo r m u la t in g th e b o u n d a rie s o f th e seo^ t i o n s o f th e c o u n tr y t o be se rv e d b y th e s e v e r a l r e g io n a l r e s e r v e banks i t seems o f prim ary im portance th a t each p a r t o f the c o u n tr y be in a d i s t r i c t whose r e s e r v e bank i s lo c a t e d t o th e b e s t advantage fin a n c i a l l y , co m m e rcia lly and o th e r w is e o f th e d i s t r i c t served. L o ca te d as we a re in th e n o r th e a s te r n p a r t o f Nebraska and in a d i s t r i c t whose e n t e r p r i s e s c o n s i s t alm ost e n t i r e l y o f fa rm in g and s t o c k r a i s i n g we f e e l th a t th e i n t e r e s t s o f th e banks in t h i s s e c t i o n as w e ll as th e fa rm e r, th e s h ip p e r and th e b u s in e s s man, w ould b e s t be se rv e d b y a bank lo c a t e d in Omaha, a s a v e r y la r g e p e r ce n ta g e o f our s t o c k i s sh ip p ed t o Omaha and p r a c t i c a l l y a l l o f ou r g r a in i s sh ip p ed t o th a t p o in t o r t o o th e r p o i n t s th rou g h Omaha. In th e even t i t became im p o s s ib le t o locate^ o f th e r e g io n a l r e s e r v e banks b e lie v e in th e c i t y o f' i t t o th e b e s t i n t e r e s t o f t h i s t e r r i t o r y t o be located in th e d i s t r i c t whose bank sh ou ld b e in C h ica g o , t h i s b e in g v th e next c i t y o f f i n a n c i a l and com m ercial. im portance ,to u s . Reproduced from the Unclassified I Declassified Holdings of the National Archives Th e S e c u r it y Na t io n a l R a n k CAPITAL $ 5 0 . 0 0 0 PAUL BUOL, President C .H . R A N D A L L , Vice-P&est. W . R .C A IN , Ca s h i Ra n dolph ,N e b r . V ery fe w , i f any, o f our p r o d u c ts e v s r re a ch D enver, 'M in n e a p o lis , S t. P a u l, Kansas C ity o r S t. L o u is , e x ce p t th ro u g h in te r m e d ia te p o i n t s . Yours t r u l y , WRC-D C ash ier, Reproduced from the Unclassified I Declassified Holdings of the National Archives Reserve Bank Organization Conriittee, Washington, D.C. Sira:— At the Reserve Bank hearing held at Lincoln, Nebr., on January 24thf Secretary McAdoo requested the writer to procure, tabulate and forward figures in connection with the borrowing demands of the banks located in the country embraced in the territory which Omaha requested, to have at tached to it in event of the location of a reserve bank at Omaha. Returns compiled by the banks in Omaha and South Omaha show that, as of date October 21st, 1915, they had outstanding loans and rediscounts to banks and bankers in the territory referred to aggregating $6,866,061.39, ap portioned among the various states as follows:— Nebraska Wyoming Iowa (west l/3j Idaho $4,618,458.18 626,403.94 527,919.81 149,466.00 South Dakota #364,877.96 Colorado 472,960.55 Montana 78,475.00 Utah 27,500.00 while at a somewhat later date the total of such loans and rediscounts was slightly in excess of |9,000,000.00. Reproduced from the Unclassified / Declassified Holdings of the National Archives Reserve Bk Com— 2 2-8-14 The figures given are necessarily incomplete as indicating the total borrowing demand of the states mentioned, as they embrace only such loans as have been made by the Omaha and South Omaha banks, whereas, in the same territory, no in considerable amount of paper is rediscounted with, and money borrowed from, correspondent banks in New York, Chicago, Lincoln, and a few other smaller financial centers. Neither do the figures given include the paper which is rediscounted through the medium of Loan Companies organized for the express purpose of furnishing money to the sheep and cattle industries of this and adjoining states, the total of vfoich wpuld probably equal fully Fifty per cent., of the aggregate amount handled by the banks. At the Lincoln hearing referred to, the question was asked whether or not any special inducements were offered by Omaha and South Omaha banks to influence country banks to maintain balances with them, and I wish to state in $his con nection that almost without exception the bank balances #iich are maintained here are kept with us for business reasons, and because of the natural flow of business to these points, and that no special inducements are offered, the uniform rate paid on bank balances being the same as in Chicago and New York, which is Two per cent. I am also enclosing, as requested, statistics Reproduced from the Unclassified I Declassified Holdings of the National Archives Beserve Bk Com—3 2-9-14 showing receipts of live stock at the South Omaha stock yards for the year 1913. Over Ninety per cent., of these receipts came from the states which Omaha requested to have embraced in its reserve bank territory, and we want to call your attention to the fact that the estimated value of these receipts exceeded $131,000,000.00, while the value of the product of such of the receipts as were handled by our local Packing Houses exceeded $105,000,000.00. Respectfully, Reproduced from the Unclassified I Declassified Holdings of the National Archives Schedule of Live Stock Receipts at Union Stock Yards, South Omaha, Nebraska, for year 1913. States HO. Sattie Hogs Sheep Horses & Wales Total 1 Nebraska 580,564 1,989,395 698,692 20,693 3,289,344 2 Wyoming 73,852 1,046 986,245 2,722 1,063,865 3 Iowa 135,271 469,382 169,226 1,530 775,409 4 Idaho 1,890 26 667,323 625 669,864 5 Colorado 77,223 43 181,962 646 259,874 6 So. Dakota 25,981 81,041 89,983 3,183 200,188 7 Montana 9,258 66 163,522 406 173,252 8 Utah 583 118,660 197 119,440 9 Oregon 597 67,191 10 Nevada 19 47,309 266 47,594 a Kansas 32,788 365 4,625 982 38,760 12 Missouri 9,970 1,107 6,644 200 17,921 13 California 14 Texas 6,992 15 Arizona 4,213 16 Washington 2,924 2,924 17 No. Dakota 2,902 2,902 3 Minnesota 67,788 14,193 14,193 601 7,593 4,213 1,297 123 1,479 57 935 19 Illinois 640 20 Oklahoma 284 284 21 New Mexico 267 267 22 Wisconsin 230 230 23 Indian Territory 112 112 24 Indiana 72 72 Total 962,103 263 59 2,542,709 3,222,125 Estimated total value ---------------- Estimated value of converted product- ---- 31,566 6,758,503 #131,048,473.00 $105,819,000.00 Reproduced from the Unclassified / Declassified Holdings of the National Archives lit lA Febrnsry 1Z9 1914. / S in Heodipt is acknowledged ©f your 1at tor of February 7th giving additional data idth rm torm m to yror tastlnony at t the hearing o f the E e s o m CoMmlttc*» held at Lineola, lie- kraslm, and tfc© osrao w ill t»e carefu lly f ile d as m os&ibit in connection therewith* Respectfully, Secretary* Jiet-nsnre Bso& Qrgeaiiaaticm. Committee* Mr* J« C* Proixh, Smith Omaha, Hebras&a# Reproduced from the Unclassified I Declassified Holdings of the National Archives INFORMATION SUPPLEMENTING BRIEF OF BANKS OF OMAHA AND SOUTH OMAHA On b e h a lf o f th e d e s ig n a t io n o f Omaha f o r a F e d e ra l R eserve Bank* To The H onorable W illia m Gr. McAdoof S e c r e t a r y o f th e T reasu ry To The H on orable D avid F* H ouston, S e c r e t a r y o f A g r ic u lt u r e To The H onorable John S k e lto n W illia m s , C o m p tro lle r o f C urrency Gentlem en: Pursuant t o y ou r re q u e s t t o f i l e a d d it io n a l d a ta , in b e h a lf o f Omaha’ s c la im s f o r th e l o c a t i o n o f a F e d e ra l R eserve Bank in Omaha, as o u t lin e d at the L in c o ln , N ebraska, h e a r in g January 2 4 , 1 914, the bankers o f Omaha and South Omaha r e s p e c t f u l l y subm it th e f o l l o w i n g f a c t s s u b s t a n t ia t in g f a c t s d e v e lo p e d at th e h e a r in g : OMAHA IS T m THIRD LARGEST LITE STOCK MARKET AND PACKING CENTER, F ig u r e s co m p ile d by th e S to ck Yards Companies o f Kansas C it y , Omaha and C h icago show t h e s e r e c e i p t s f o r 1913: C h icago Kansas C ity OMAHA S t . L o u is T o t a l number head 1 6 ,3 6 2 ,1 9 2 6 ,9 8 1 ,4 1 8 6 ,7 5 8 ,5 2 5 4 ,6 3 3 ,6 9 0 OMAHA IS T ig SECOND LARGEST IN RECEIPTS OF SHEEP* C h icago OMAHA Kansas C it y S t . L o u is 5 ,9 0 2 ,7 9 8 3 ,2 2 2 ,1 3 3 2 ,0 9 4 ,7 4 8 9 4 9,802 OMAHA IS THE FOURTH.LARGEST - IN RECEIPTS OF CATTLE* C h icago Kansas C it y S t . L o u is OMAHA 2 ,8 8 8 ,4 5 6 2 ,3 1 8 ,8 8 5 1 ,0 9 9 ,9 9 7 9 6 2 ,1 03 Reproduced from the Unclassified I Declassified Holdings of the National Archives OMAHA- IS THE FOURTH LARGEST IE RECEIPTS OF HOGS. In t o t a l r e c e i p t s Omaha, Kansas C it y and St* L o u is a re so n e a r ly eq u a l th a t o n ly 4 1 ,0 0 0 d i f f e r e n c e m a in ta in s b e tw een h ig h e s t and lo w e s t : T o t a l number head 7 ,5 7 0 ,9 3 8 : 2 ,5 8 3 ,9 1 1 2 ,5 6 ? ,7 8 5 2 ,5 4 2 ,7 0 9 C h icago S t . L o u is Kansas C ity OMAHA OMAHA IS OT3 LARGEST FEEDER MARKET. OMAHA IS THE GREATEST market in th e U n ited S ta te s f o r fe e d e r sh e e p . The shipm ents o f f e e d e r sheep from Omaha d u rin g 1913 were 1 ,4 6 8 ,8 1 9 h ea d . C h icago was secon d w ith shipm ents o f 1 ,4 4 9 ,6 9 2 , and Kansas C ity t h ir d w ith 4 9 6 ,4 3 0 . OMAHA IS THE FOURTH PRIMARY GRAIN MARKET. F ig u r e s co m p iled by th e G rain Exchanges o f C h ica g o , S t . L o u is , Kansas C it y , Omaha and M in n e a p o lis show OMAHA FOURTH in rank w ith KANSAS CITY FIFTH: C h icago M in n e a p o lis S t . L o u is OMAHA Kansas C it y T ota l r e c e ip t s (F ig u r e s n ot a v a i l a b l e ; e a s i l y f i r s t ) 1 8 5 ,2 4 8 ,2 9 0 8 0 ,4 9 8 ,6 8 5 6 8 ,5 7 4 ,7 0 0 6 6 ,7 9 5 ,2 0 0 OMAHA IS THE SECOND PRIMARY CORN MARKET. G rain Exchange f i g u r e s show OMAHA t o be th e secon d prim ary co r n market o f th e U n ited S t a t e s , ra n k in g n ex t t o C h ica g o . S t . L o u is i s t h i r d , and Kansas C it y f o u r t h : C h icago OMAHA S t . L o u is Kansas C it y M in n e a p o lis R e c e ip t s 1913 ............ .. 3 1 ,1 1 1 ,2 0 0 2 2 ,1 8 9 ,0 4 5 2 1 ,9 2 8 ,0 0 0 8 ,1 8 9 ,0 8 0 OMAHA IS THE FOURTH PRIMARY OATS MARKET. Omaha i s th e f o u r t h prim ary market f o r o a t s , w ith Kansas C ity f i f t h : C h icago M in n e a p o lis S t . L o u is OMAHA Kansas C it y R e c e ip t s 1913 •• ••• •• ..• •«. 2 4 ,5 6 0 ,0 2 0 2 4 ,3 6 3 ,8 0 0 1 6 ,3 8 4 ,2 0 0 1 0 ,1 7 4 ,5 0 0 Reproduced from the Unclassified / Declassified Holdings of the National Archives OMAHA*S MANUFACTURING AND JOBBING* The annual m an u factu rin g and jo b b in g b u s in e s s o f OMAHA t o t a l s $ 3 5 5 ,0 1 2 t3 10 ; d i v id e d , m an u fa ctu rin g $ 1 9 3 ,3 8 5 ,6 7 1 and J ob b in g $ 1 6 1 ,6 2 6 ,6 3 9 * From a n a ly s is o f sh ip m en ts, t h e s e g ood s a re sen t i n t o N ebraska, Iow a, Montana, C o lo r a d o , Utah, so u th e rn South D akota, and n o r th e r n Kansas* These f i g u r e s were co m p ile d by th e Bureau o f Pub lic ity , Commercial Clxxb o f Omaha, and a re th e c o m p ila t io n o f r e tu r n s made by 389 jo b b e r s and 402 m a n u fa ctu re rs . S im ila r s t a t i s t i c s a re co m p ile d each year* A f u r t h e r a n a ly s is o f th e s e f ig u r e s shows th a t OMAHA o c c u p ie s th e f o llo w i n g p o s i t i o n in th e s e r e s p e c t s : OMAHA IS THE GREATEST CREAMERY BUTTER PRODUCING CITY IN THS UNITED STATES* L ast y e a r cream ery b u t t e r o f th e v a lu e o f $ 7 ,1 9 5 ,4 5 2 was sh ip p ed ou t o f OMAHA* The t o t a l number o f pounds as r e p o r te d by th e cre a m e rie s e x ceed ed t w e n t y - f i v e m illio n * OMAHA IS THE! .SECOND DISTRIBUTING POINT FORI AGRI CULTURAL IMPLEMENTS* T w e n ty -fo u r c o n ce rn s in Omaha r e p o r t e d an a g g re g a te o f $ 1 5 ,2 2 4 ,0 0 0 w orth o f im plem ents d i s t r i b u t e d th rou gh th e Omaha h o u s e s . Kansas C it y , supplem ented by s a le s from D enver, a g g re g a te d about $ 1 7 ,5 0 0 ,0 0 0 a c c o r d in g t o t h e i r rep orts* OMAHA IS THIRD IN THE VALUE OF PACKING HOUSE PRODUCTS* The ou tp u t o f th e p a ck in g h ou ses o f South Omaha t o t a l e d $ 1 0 5 ,8 1 9 ,3 8 2 in 1913* OMAHA1S GROWTH IN ELEVEN YEARS* OMAHA*S grow th in th e p a s t e le v e n y e a r s i s an in d ic a t i o n o f the. developm ent o f th e c i t y and i t s t r ib u t a r y tra d e te r r it o r y * v a r y in g W ithou t e x c e p t io n OMAHA has shown rem arkable g row th , from 23 t o 329 p e r c e n t . F o llo w in g a re th e f i g u r e s ; Reproduced from the Unclassified I Declassified Holdings of the National Archives ~4» 1913 P er c e n t In crease - 1 0 9 ,9 2 1 # 3 9 2 ,8 8 0 ,9 2 0 f 2 5 ,6 1 2 ,2 7 5 # 1 3 0 ,5 8 3 ,0 9 0 f 7 0 ,9 9 8 ,4 6 7 5 ,2 1 8 ,8 3 6 ••••••••••* 5 0 9 ,4 50 329 # 9 6 2 ,6 0 2 f 7 ,0 0 4 ,0 7 8 1 5 5 ,3 1 2 ^ 9 0 8 ,9 4 7 ,5 7 8 $ 6 1 ,1 8 4 ,0 7 0 $ 1 9 3 ,3 8 5 ,6 7 1 $ 1 6 1 ,6 2 6 ,6 3 9 6 ,7 5 8 ,5 2 5 6 8 ,5 7 4 ,7 0 0 1 ,3 2 5 ,2 5 6 1 ,2 3 6 $ 4 ,1 1 0 ,7 7 3 1 9 ,3 7 1 ,3 0 1 40 170 139 47 122 24 • •• 160 272 329 33 $ 1 0 5 ,8 5 6 ,5 7 5 # 1 8 1 ,5 6 6 ,8 9 0 71 1905 P o p u la t io n Bank C le a r in g s Bank D e p o s its F a c to r y Output J o b b in g L iv e s t o c k r e c e i p t s C ra in r e c e i p t s P o st O f f i c e B e c e ip t s V o. B u ild in g P erm its V alue " " B e a lty t r a n s f e r s A c tu a l T alue A s s e s s a b le P r o p e r ty Reproduced from the Unclassified / Declassified Holdings of the National Archives Form 2289 B NIGHT L E T T E R TH E WESTERN UNION TELEGRAPH COMPANY IN C O R P O R A T E D 25,000 O F F I C E S IN AM ERICA C A B L E S E R V iC E TO A L L T H E W O RLD T h is O o m ? v > "v T R A N S M I T S a n d m e s s a g e s o n ly o n c o n d it io n s l i m i t i n g I ts l i a b i l i t y , w h ic h E rro rs e > ia r d e d on!\- b y r e n e a t i n u ' a m e s s a g e b a c k t o t h e s e n d i n i f s t a t i o n f o r c o m p a r i s o n , t r a n s m is s io n • v <d. \. j j . r o i > e ; j T e * 1.,o t t e r s . s e n t a t r e d u c e d r a t e s , b e y o n d a s u m e q u a l t o t h e 1 n t y XH.V n : -h , u n le s s o i a e r u ' ise ±itar<} b e l o w , t h i s nics&iirc h a s b e e n v a l u e d b v t h e s e n d e r t h e r e o f , S ix ty d a v ^ •’ < s n l i v U n ihe I ' o m m n y f o r t r a n s m i s s i o n . T his is i..-* Ki..J.*S>.■*. I !,&> .IN ii.ii.rr I L K T T ijK , an d in d e liv e r e d by recjuest o f the Bender, under the c o n d itio n s nam od ab..>v;,o. T H E O . N . V A I L , P R E S ID E N T R l i a ^ t e b e e n a s s e n t e d t o by the sender of the f o l l o w i n g K i g * b t . " L o t t e r . a n d t l i e C o m p . - u iy \ \ * U not. h o l d j t . s e i f i i a b i e f o r e r r o r s o r d e l a y s i u a m o u n t p a i d lor tr-rnsnnssioit : nor ?’ > any e ;> s e b e \ o n d i h e B u m o f nor i n a n v e a s e wtsi.ro i.Lu c uui p r e s e n t e d la v . r i t i n g ' w i t h i n , e c e iv e d B E LV ! D E R E a t B ROOKS, G E N E R A L M ANAGER 1623 0 1 8 5 N Y RU 4 7 N L STROMSBURG NEB FE BY 2 6 1 9 1 4 HON W I L L I A M J E N N IN G S BRYAN WASHN DC NEBRASKA W I L L F E E L VERY GR ATEFUL BANK IS LOCATED IN THE TO YOU PE R SO N ALLY I F RESERVE S T A TE E L I M I N A T I N G K A N S A S C IT Y AS IN THE SAME STATE W IT H S T L O U IS OMAHA HAS THE STRONGEST C L A IM C O M M ER C IALLY OF ANY C I T Y BETWEEN CHICAGO AND SA N FR A N C IS C O L IN C O L N WOULD SERVE SAME PURPOSE BUT S E L E C T IO N LE S S D E F E N S IB L E V IC T O R E W IL S O N 1233AM Reproduced from the Unclassified I Declassified Holdings of the National Archives H E N R Y L E Y . P r e s 'T R O L L IE W. L E Y , C a s h ie r H ER M A N C. A. C H A S E , LU N D B ER G , A V i c e -P b e s 't s s 'T -C a s h i e r No. 448 State Bank of Wayne CAPITAL. STOCK, $ 3 0 ,0 0 0 .0 0 SURPLUS. $10,000.00 DEPOSITS, $ 3 5 0 ,0 0 0 .0 0 W ayne,, N ebra sk a, Jan 22—1914• Federal Reserve Board Organization Coinmitte* Lincoln* Nebr. Hon, W.G.McAdoo Sec. Dear Sir** Thinking prehaps it would not be out of the way we are writing yen; in connection with the location of the Federal Reserve Bank which will be tributary to this district. It would seem to us arud we are strongly for a Federal Reserve Bank being located at Omaha, Nebr. Omaha would be throughly acquainted with our wants and so located that they can cover a large^territory especially of the farming and stock raising district. Sould it be foundjtfnpossiable to consider our wished in the location of /n bank at—Qiqaha/we would then prefer to be put in the Chicago territory. Y/hile they are farther away they are still the logical place for us to center. It nould work to a greet disadvantage to us to be in any other district under consideration. Thanking you for any consideration you may have for this locality. Reproduced from the Unclassified I Declassified Holdings of the National Archives 370.3302. F ik n t X a t iu n a l B a n k ojf1 :srKnB:nrAS»:KA.. CAirmii $ 75,000.00 Frank E.StrahAn,p r e s i d e n t . John T.Bhessler.^cbp r e s i d e n t . ILKWilson ,Vick p r e s i d e n t . H.S.BlNGLAiJD, Ca s h i k r . SBRHj US $ 8 0 ,0 0 0 .0 0 , XlOISICA.J'S'I-fc^V. January 22nd.,1914. Reserve Bank Organisation Commit tee,, Lincoln,Nebraska. G-entlemen It is the sentiment and desire of this bank that due consideration for the Reserve bank of this Omaha is the of the officers sjjad directors be given Omaha ft^the location region. grain and livestock center for our locality and is i U our first choice as location for the made Reserve bank in which we application. Our second choice is Chicago. Very respectfully, THE FIRST NATIONAL BANKV WAYNE,NEBRASKA. Reproduced from the Unclassified I Declassified Holdings of the National Archives TREASURY DEPARTMENT TELEGRAM. WHERfc W R ITTE N : RESERVE BANK ORGANIZATION COS&UTTBE.WaShingt°n ' January 21, 1914. TO Chairman, Chamber Commar««, Omaha, Maferaaka* Mooting ftaaarv-* Bank Organisation Cocwnittao will b® held Ted oral Court Room* new fo*t Offi«® Building, beginning t4© A*M. Joiivary tw ont y-fou rth « S*orotary Rtsanre Bank Organi zation Committee* > O FFIC IAL BUSINESS. GOVERNMENT RATES. C harge 2— 6827 T reasury D ep a r tm en t, O W IC IA L * A p p r o p r ia t io n for _________________________________________________________________________ ________________________________________ - _________ _ T h e a p p rop ria tion fr o m w h ic h p a y a b le m u st b e stated o n a b ov e lin e. DEPARTMENTAL STOCK FORM 2 128* Reproduced from the Unclassified I Declassified Holdings of the National Archives W E S T E R UNION DAY BETTER Form 2589 B /' f THEO , N. V A IL, PRESIDENT RECEIVED AT B3CH pB 92 QLUE 5 EXTRA /j .ViLL'f/uT’G MCA000 _ ^ ft M BO W a r A NEBR JAN 3 1 9 1 4 / 'w / V SECY OF THE TREAS WASHN DC AT A K.E ETING OF THE C L E A R I N G HOUSE HELD LA ST N I G H T I T WAS U N A N IM O U S L Y D E C ID E D TO ASK THE C0fv*M I S S 1 ON TO D E S IG N A T E OKI AHA AS A LO C A TI O N FOR ONE OF THE R E G I O N A L BANKS AND A CO MM IT TEE OF S I X WAS A P P O I N T E D FOR THE PURPOSE OF CONFERRING W IT H YO URS EL F AND SECRETARY HOUSTON WE WOULD BE P L c A S E D TO HAVE YOU A D V I S E US AS T O WHETHER OR NOT I T WOULD BE CO N V E N IE N T FOR THE CO M M IS S IO N TO MEET T H E COMMIT TEE IN C i i l u A ^ OR I F MOT P L E A S E A D V I S E WHEN AND WHERE THEY MAY CONFER W IT H YOU ^ v b c a l & w£ C l P R E S I D E N T ONMHA C L E A R I N G HOUSE Reproduced from the Unclassified I Declassified Holdings of the National Archives Form102 TH E WESTERN UNION TELEGRAPH COMPANY I IN C O R PO RA TED ’ 25,000 O F F IC E S IN A M E R IC A . T H £ 0 . N . V A IL , PRESID EN T f\ S e n d the following message subject on back hereof, which are hereby agwedwo C A B L E S E R V IC E T O A L L T H E W O R LD A B E L V ID E R E B R O O K S , GENERAL MANAGER \ S Reproduced from the Unclassified / Declassified Holdings of the National Archives TREASURY DEPARTMENT TELEGRAM. W HERE W R IT T E N : RESERV2 BANK ORGANIZATION COMMITTEE. /jm , . Washington, January 14, 1914. V. B. Caldwell, President, Clearing House Association, Omaha, Nebraska Committee will be glad to hear Omaha at Lincoln, Nebraska, on Saturday, January twenty-fourth* Secretary pro tern Reserve Bank Organization Committee* O FFIC IA L BUSINESS. COMMERCIAL RATES. C O LLEC T« 2— 6160 Departmental Stock Form 2123. Reproduced from the Unclassified I Declassified Holdings of the National Archives TREASURY DEPARTMENT TELEGRAM. W H t ft E W J P T T E N : W g RESERVE BANK ORGIKIZATIOH COMMITTEE* T0 Washington, ^ January 1 % 1914. V* B. Caldwell, Fra* ideatf Clearing H o u A s s o o ! at!on, 0fiiah&f Ncbr*‘ Will be glad if you can utre rr# 1 let of names of those to appear at hearing of Cowulttee^X*lncolnfJanuary twenty* fourth* Secretary Reserve $ank Organisation Comraitteo. OFPICI AL* O F F IC IA L B U S IN E S S . GO VER NM ENT R A TES . C harge 2— 6827 T reasury D ep a r tm en t, A p p r o p r ia t io n fo r _______________________________________ _____________________________________________________________________________________ T h e a p p rop ria tion fr o m w h ic h pa y a b le m u s t b e stated on a b o v e lin e . D E P A R T M E N T A L S T O C K FORM 2 128. Reproduced from the Unclassified / Declassified Holdings of the National Archives NISHT L E T T E R TH E WESTERN UNION TELEGRAPH COMPANY INCORPORATED 25,000 O F F IC E S IN A M E R IC A C A B L E S E R V IC E T O A L L T H E W O R LD This Company T R A N S M I T S and D E L I V E R S messages only on conditions limiting: its liability, -which have been assented to by the sender o f the following: N ig h t L e t t e r . Errors can be guarded against only by repeating a message back to the sending station for comparison, and the Company w ill not hold itself liable for errors or delays in transmission or delivery of U n r e p e a t e d Nigrht L e tt e r s , sent at reduced rates, beyond a sum equal to the amount paid for transm ission; nor in any case beyond the sum of F i f t y D o lla r s , at which, unless otherwise stated below, this message has been valued by the sender thereof, nor in any case where the claim is not presented in w riting within Bizty days after the message is filed with the Company for transmission. This Is an U N R E P E A T E D N I G H T L E T T E R , and is delivered by request o f the sender, under the conditions named above. 1 1 _v T H E O . N . V A IL , P R ES ID E N T RECEIVED AT C136CH AI 85 Nl II T B E L V ID E R E B R O O K S , G EN ER A L M ANAGER / f p 2 f OMAHA NEB / A N 2 0 1 9 1 4 V ^ SECRETAr?!' I'lUOllUVC BANK ORGANIZATION COMMITTEEWASHINGTON DC THOSE WHO W I L L A C TUAL LY P R E S E N T THE CL A I M S OF OMAHA AT H C ELLIOTT LINCOLN W I L L BE NAMED NEXT FRIDAY AT A JO IN T OMAHA C L E A R I N G HOUSE COMMITTEE AND CONFERENCE OMAHA COMMERCIAL C L U BS COMMITTEE THE FORMER. C O N S I S T I N G OF V B CALDWELL W H BUCHOLZ H W F H DAVIS IS J YATES LUTHER DRAKE H 0 BOSTV/ICK COMMERCIAL CLUB COMMITTEE COMPOSED OF GEORGE H K E L L Y T C BYRNE V/ M B URGESS W S WRIGHT A SUNDERLAND J A C KENNEDY E E BRUCE CALDWELL OUT OF TOV/N ‘ TODAY. 8. BUCHOLZ VICE CHAIRMAN 85 5P M Reproduced from the Unclassified I Declassified Holdings of the National Archives TREASURY DEPARTMENT TELEGRAM. W HERE W R ITTE N : Washington RgSBRfE BANK GEftAfHSATlOH COMMlfTSB. January 21, 1914. Td Chairman* Cloarin?, Hou#« A*3o«iat!on, On aha* Nobr* Moating Emc^rw^ Bank Organ!satIon Committo* will b® bal4 1 Court Room now Po*t Offlu# Building beginning t#n A*U«t January twenty-fourth* S#ar®iary R#««r?a Bank Organization Ccnmittaa* om ctA u O FFIC IAL BUSINESS. .GOVERNMENT R ATES. C harge 2—682T T reasury D ep a r tm en t, A p p r o p r ia t io n fo r T h e a p p ro p ria tio n fro m w h ic h p ayable m u s t be stated on above lin e . DEPARTMENTAL STOCK FORM 2 1 2 8 . Reproduced from the Unclassified I Declassified Holdings of the National Archives TREASURY DEPARTMENT TELEGRAM. W HERE W R ITTE N : a bank organization comm it tee. January 23, 1914* TO John Rueh, National Bank Examiner, Thirteen twenty-three Market Street, Omaha, Nebraska. Can you meet Organization Committee at Lincoln to-morrow, January twenty-fourth and assist In arrangements for hearing to be held In Federal Court Room, new Poet Office Building, at ten A.M. Committee will arrive on private Pullman •National,** early Saturday morning. Secretary Reserve Bank Organisation Committee* O F F IC IA L B U S IN E S S . G O V E R N M E N T R A TE S . C harge 2— 6827 T reasury D ep a r tm en t, f tw t/ it it OFFICIAL. A p p r o p r ia t io n fo r ____________________________________________________________________________________________________________________________ T h e a pp ro p ria tio n fro m w h ic h p ayable m u st bo stated on above lin e . D E P A R TM E N TA L S T O C K FORM 212 8 . Reproduced from the Unclassified I Declassified Holdings of the National Archives P □ S T A L. TELEBRAPH-CABLE LETTERGRAM NIGHT jpr Si3 COMPANY t h e p o s t a l T e t E a a A f H -C A a s .E c o » m « t ' i n c o r p o r a t e d ) t h a * s » m t s a w o o e u v s p i* r « m nHIHIIx/ te rm s a»bc o n d i t i o n s p s s h tc b ont h e b a c k o f t h is b la n k . w ig h t tE T T e s e R * * s u b j e c t t * rut C L A R £ N C E M, M A C K A T , P ^ ' S ! O f « r , u [ ea i 1! INDEPENDENT 509oh o 15-N.L. 3 COMPETITIVE ex PROGRESSIVE 1205-a Omaha, Hebr Jan 23-14. M.E.Klliott, Secy Reserve Bank Organization Committee, Washington B.C. Your telegram awaited my return will so to Linooln *ith Omaha delegation. John Rush, National Bank Examiner. 1
@FedFRASER