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Federal Reserve Bank of St. Louis

122.4 - Commendation
Boundaries of FRDistricts

".%

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Federal Reserve Bank of St. Louis

'
BOARD---6'7;1

April 6, 1915.

Tour letter of

MBrOb. 10th

relative to transferring

the meWber banAn In Oklahoma from District No. 1%
to District Ne. 20, is received.
I thank you fcr your azi.rossicco. of opinion in rz..1E7.;
.rd
to this smatter, mil shall bring yaa. letter to tho cIttca
tion,
of the retiona Resorvo Bcard at an early meetirK:.
Respectfully ymrs„

Secretary,

Mir. W. A. Campbell,
Cathier, National Baak of Boteaa,
Potean, Okla.

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Federal Reserve Bank of St. Louis

ME
OLRAL REZEVE BA3

17"

• .2

Mlrch 13, 1915.

Dear Sir:Your let;t;r of !larch
j.014‘ in whic4 you st..ite th,4t you
_
prtfer to rem:,,,in in the Feral r‘serve aistric

of Dallas,

is received, and oill have the attention of tae Foderal Reserve Board.
The Bo-.1mi ia zlad to have thia expression of olAnion
rro.e: you.
Respectfully yours,

Secretary.

Yr. lc A. Campboll,
Cashier, Nation.A1 Bank of Poteau,
Poteau, Oklahoma.

W.R.ROGERS ,PRESIDENT
M H.PACE ,VIc E PRES.

W.A.CAIMPBELLCAsHIER
A.I3OLGER,Ass`r CASHIER

50,00°.00.
NO.7104

THE NATIONAL BANK OF POTEATT 6
1

STATE AND COUNTY DEPOSITARY

PcrrEA.u,OKrA. rnarch io,iR 7 1915
Feetzna
9.0'0
To Hon. J- .on,rd of Directors of Federal Reserve Dar
71,shinz;ton, D. C.
Dear
fi

have been requesteby
nuber of parties
\ ,
/
tourgeliponyoutochan
istrict No.10 and
V
by othersto ask to be retained in Dallas, District.
T

In giving the matter solde thought, while in past
I have j_ven my preference to Kansas City, or St.Louis,
I

now believe I am very well:satisfied in Dallas Dis.

and from an economical stand/point, I believe it is
unwise to attampt to chance any of the Districts.
;(:)mo, o

us must be near a dividing line, and. as to

the accammodations)
the District banks can serve us as
well 400 icilem away as ther can 1 mile.
So I
11

one, being in North-east corner of Dis.

where all our trade negotataons go to St.-Louis and

1-.ans. City, am willing to-,
4y in Dallas Dis.

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Federal Reserve Bank of St. Louis

I au,

Yours truly,
Cashier,

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Federal Reserve Bank of St. Louis

\--r;

LVID V ll...E
I E Vr0
REZt.V;',
E.Di....?.M.,
......"j

k...1 - o•

.arch 3, 1915.

h/t4

dear hAr:Your 1.etter of 2ebruary 23thenclosinz;
.
one from

Beisekor relative to vilether ba.uszs in the
istrict ar,1 to be transferred to the Chicago

district is received.
Several w3e1cs c,Fso the 'ederal 7:eserve Board
received

goodly mriber of nrotects from banks in Fox

River Valley, Asconsin, ;,,1:inst their iistrict location.
Copies of the Procedate in

meals containinL; the stitu-

lations under which appeals from other ban,,zs have been
received wore for'.7arded but not returned.
It is

y underst;anaing that u::)on more :nature

consideration the protesing banks decided to give the
mattor further consiAration before apnearinc before the
2eleral .oserve Board,

aosetily,

,3ecretarj.
Hon. John Burlm,
Treasurer of the United itz,tes,
.:Elshim;ton, D. C.

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Federal Reserve Bank of St. Louis

:arch 3, L/15.

Your letter of :larch 2n1 inquiring whether
b:..11

in to :linneapolis district al'e to be t-'arlferred

to tli.o Caicro ,Lintt.icr; ia receivea.
weaks ago the Federal Reserve Board
received a cooaly number of protests fral banzs in ?ox
"Uver Valley, ,iaconsin, fk3ainst their di3trict location.
Copies of the ftoceaure in ,p.)et,ls contniniug the stipu—
lations under which appeals fro!' other banks have been
rceived were forwarded but not returned.
It is my unrierstanding that won rime priture
consideration the protestinc ban;cs lAcided to givo the
)9e2ring iAattor further consideration before a,
enerve Board.
:Dfactfully,

iecretarj.

Ion. v2 :3 . :roar,
'Muse of Re-vesentatives,
asMngton, D. C.

fore the

•

SIXTY-THIRD CONGRESS.

JAMES A. FREAR
10TH DISTRICT WISCONSIN

JAMES D. POST, OHIO. CHAIRMAN.
HUBERT D. STEPHENS. MISS.
CHARLES R. CRISP, GA.
GEORGE MCCLELLAN. N.Y.
CHARLES M. BORCHERS. ILL.

nusr of Erprrsatiatiurs IL #.

WALTER ELDER. LA.
BURTON L. FRENCH, IDAHO.
JAMES A. FRIEAR. WIS.
WALTER M. CHANDLER. N.Y.
FRANK MILLER. CLERK.

1:11 arillingtint, Ec

—

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Federal Reserve Bank of St. Louis

kE.F;(1.:.LJA4rEt

COMMITTEE ON ELECTIONS No. 1

arch

1015.

19._

2
1.5
R" -GOv Z..e:;!'?"Cs\k5FicE
N

Hon. Chas O.. 7.a1fl1in,
.rAderal Reserve Board,
.,ashin.L:ton,

2,Ly dear sir:
I t. -.1 just in receirt of a communication from
Pepin,

as well as banks in Lima and Helson

of the same state, informing me that the banks in the
LinneaDolis District are to be transferred to the, Chi7)istrict.

J.3 .i,n:Ls in that vicinity say that if the

transfer is made it

be very inconvenient for them.

'::111 you kindly

me any information connected

with this matter, and let me 17.nc;
I c.!- n do to servo mr
favor,

COnStItUentS•

if there is anythinc,
ThZillid.211S vau

I am
(Very
\ . truly y urs
/
‘./

for the

eir

ilESERVE GUARD FILE

. . . . ._ _...._
74;C2, r
Fobraary 25, 19116
Ron' John Burke.
unitcd. Ste.to3 TroLzuror.
Dour Govor:131* 2nr%e:
huve yo-.Ar note of Fobruarj
24'with onol000d lattor frt.=

Bolaekort

datod Tobrat_ry

to t)10 attanti.on of tile

II1n

thI

I v..1:4-111 t,b4ci

rodorcia. :7,1eperve

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Federal Reserve Bank of St. Louis

(Signed) 01 S. Hamlin;

Governor.

••
C

.18/ED •

FEB 25 1915
GOVERNOR'S OrIFICE

TREASURY DEPARTMENT
WASHINGTON
OFFICE OF

TREASURER OF THE UNITED STATES
IN REPLYINQ QUOTE INITIALS

Feb. 24, 1915

My dear Governor Hamlin:Enclosed is a letter from a friend of mine who
is opposing an application to change certain territory in
the Minneapolis Reserve Bank District by placing the same
in the Chicago District.

I know that the Reserve Board

was very careful about the organization of these Districts
and I am satisfied that there will be a disposition on the
part of the Board to allow them to remain as they are
unless very good reason is shown.
tion to make tht

If there is an applica-

change and this application is seriously

considered, I would be very glad to have Mr. Beiseker
given
an opportunity to be heard.
Very sincerely yours,

Hon. Charles S. Hamlin,
Governor, Federal Reserve Board,
Washington, D.C.

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Federal Reserve Bank of St. Louis

.11

.........—...,.....—........4._____....----\
VILE
`..t.....Sc...rlo',.'1'.. BC17)
VED'i:AlAt...
---- K
v:46)

February 23, 191E4

Dear sir:I thank yovi for your letter of the lath Lar.t. with attaaho'd
corrosponlence, 'which I shall brilv,; to the attention of the Board,
at an aarlr meetin.
710,2.rs,

Secretary.

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Federal Reserve Bank of St. Louis

Char1o,!7. C. liaff,
cour,bel, l'ederal :leserve
s
Dallas, 12

IV{

S.
-N713eiseker_,
FIRST MORTGAGE FARM LOANS
AND

COm m.ERCLAL INVESTMENTS

tiarvey,ALD.,
February 20th, 1915.
Hon. John Burke, Treasurer,
7iashington, D. C.
Dear 'Ir. Burke:
Being heavily interested in the First National Bar]:
of Alma, jisconsin, my attention has just been called to
the fact that there is a move on by certain banks in the
Stevens :Point, Wisconsin vicinity to have that portion
of —isconsin which is now in the 5inneapo1is Federal
Reserve District transfered to the Chicago Federal Reserve
District.
I am writing you believing that you will be granted
a hez.ring by the authorities who have control of destinies
of this kind; and would like to have you offer an objection
to those officials to making any change as suggested by
the Stevens Point banks, at least as far as taking in that
portion of the district in which Alma, Nelson, and Pepin,
These towns and cities are
Tisconsin are concerned.
within eighlrmiles of 'Unneapolis on the direct main
line of the Burlington railway, and about four hundred
miles from Chicago.
In
The Alma bank does not wish any change made.
thrown
were
they
fact, it would handicap their business if
Into the Chicago district on account of not then being able
to take real estate loans in Minnesota and North Dakota,
which they are now allowed to handle under the present
arrangement.
Further, the banks :Located in Nelson and Pepin,
Wiscom:in are making arrangements to join the National
In fact, I believe their applications
Banking system.
to be examined preparatory to entering are now in proper
They statted that move about sixty
hands at Washington.
days ago believing that they were to remain in the Minneapolis district; otherwise, they would not think of making
the change but would remain state banks.
If the officials would grant a hearing I will be
glad to have representatives from each of these banks;
namely Alma, Nelson, and Pepin, aprear at aLy time and

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Federal Reserve Bank of St. Louis

4)0

•11

-71-71- 3eiseker_,
FIRST MORTGA,GE FAR M LOANS
AND

COMMERCIAL INVESTMENTS

-1-Larvey,A1 D.
J. B. -- 2
place and be prepared to show the error in swinging them
into the Chicago district.
Muld you be so kind as to take this matter up wit':
the proper officials and put it up to them in the best
7
light possible, advising me just what takes place?
dislike to lother you in this patter, but you are tne
only one I personally kno:, inpashington at the present
time who would have any infludnee with the officials
governing this proposition.

Yours v

ArB:P

trill

FEDERAL RESERVE BANK
OF DALLAS

February 18, 1915.

Mr. H. Parker TilliE,
Secretary, Federal Reserve Board,
Washington, D. C.
My dear Sir:
I herewith hand you copy of a letter written by
Mr. P.. K. 7oot1;en, President of the Oklahoma National Bank
of Chickasha, Oklahoma, to Mr. H. L. Jarboe, Ir., President
of the Drovers 7ational 3ank of/Kansis City, Eissouri, copy
.,f
11
of a letter ':Iritten by me to. nr. Wi6otten, and his reply.
If consistent, wiAl yoQiiiI kindly call this cari
f
respondence to the attentiin qt the Board, and oblige?
, ,
/Yours truly,
,
Enc.
CCH-RS

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Federal Reserve Bank of St. Louis

Counsel.

OKWILVIA CNE.1,6 co OKL A.C1TY.

EN,
storNr.seemLmANAc=ER.

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Federal Reserve Bank of St. Louis

JOAB MULVAN E.
viC,PR ESIDEN1 E., TREAS.

J.'T. AU ST.
'L,ASSI'TIREAS
SF2,7,

iESIDENT'S OFFICE
-

(

16-

(,)/y , LI

CHICKASHA

CAPITAL STOCK

OKLA.

$1.2 5 0,00 0 a"

1)14` titY.W114.IN'

CINUTHASINA\.)
February 17, 1g15.

7r. Chas. C. Huff, Counsel,
The Federal 7eserve 7ank of Dallas,
- nallas, 'Texas.
Dear "r. Huff:
Rep1yin6 to yours of rebruary 15th,
can think of no reason why it is not all ri -ht
for you to upe, in the ray you refer to, letter
rrote 7r. Z'aroe; but don't believe the private
letter of "r. ,3- 1.r.boe to me, without the consent
Of 7.rr. Jsrl:oe, should 'he used.
You-rs very truly,

.
47
'

7KW:BH

C 0 P Y
DALLAS, TEXAS, February 15, 1915.

P7'RSONAL
Yr. R. K. Wootten, President,
Oklahoma 'National Bank,
Chickasha, Oklahoma.
Dear :Ir. Wootten:
17.r. Oscar Wells, Governor of the Federal Reserve
Bank of Dallas, has shown me copy of a letter from Yr. H. L.
Jarboe, Jr., Presideit of the Drovers National Bank, Kansas
City, to you, under date of Febrary 11th, and copy of your
reply, under date of February 13th, which you sent to Mr.
Wells, under date of February 13th.
I would appreciate it very much if you would give me
authority to use this correspondence with the Federal Reserve
Board.

Of course, I would not think about using it unless

you will give me permission to do so.
Yours truly,
CHARLES C. HUFF,
CCH-RS

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Federal Reserve Bank of St. Louis

Counsel.

COPY
CHICKASHA, OKLA.,
February 13, 1915.

Mr. H. L. Jarboe, Jr.,
Drovers National Bank,
Kansas City, Mo.
Dear Jarboe:
in favor
/ Replying to yours of February 11th, I am
s I am
rest
inte
ing
bank
other
of the Oklahoma National and
use we
beca
,
rict
Dist
as
Dall
the
connected with remaining in
by any means,
are already in that District and don't know,
that it is to our interest to be changed.
I take the ground, although quite. a number of rfor the inte
well posted bankers seem to think it is best
Kansas City
est of their banks to be transferred to the
s, know that
mean
no
by
,
they
or St. Louis Districts, that
if the Locating
to be a fact, and it wouldn't surprise me
us than we do
Board didn't know nearer what was best for
ourselves.
, located
The Districting Board, being on top mast
is manned and
us in the Dallas District. The Dallas Bank
officers. We
directed by a strong set of Directors and
interest to be changed,
don't know at all that it is to our
we are and what is
and until we do know more for sure where
things stand as
to our interest we are in favor of letting
they are.

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Federal Reserve Bank of St. Louis

With very best regards, etc., I am,
Yours truly,
R. K. WOOTTEN.

111111=1111111111111111111m1
FEDERAL RES1140ARD
‘7.•

Washington

Circulate and
return to
Office of Secretary.

2/23/15

CHAIRi:AN .
-(1.s c`AN

VICE-GOV R

COI:PTROLLF.R.

ER.MILLER.

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Federal Reserve Bank of St. Louis

SECRETARY.

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Federal Reserve Bank of St. Louis

•

'
V'?

7ebra”.ry 1:;,, 1915,

Dear ,Ar:Yonr letter of Febraar7

relative

to the deoire oT uaar harft to renIll in aistriet
Is Yeeelve0 and o111 he brourent to the early
attention of the Fo'leral 7.eserve 3oard,

Respeetfally,

laoretary.

J. H. Jao%son,
Presid,nt, Huo National Bank,
Hugo, Oklahoma.

N. 5129.
E.F.MNES,Primmia.
D. MORGAN, VICE-PRESIDENT.
O.R. NICHOLSON, VICE-PRESIDENT.
H. D. NEELY, CASHIER.
T. A. BLAKENEY, ASS'T CASHIER.
FRANK GIBSON, ASS'T CASHIER.

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Federal Reserve Bank of St. Louis

11-ii Frnwr NAKriow-filou .111A6avi
Or DURANT.
• .,,,..--CAPITAL ST0CK,$100,00092
SURPLUS,$ 35,000 Q.
°

ILJilttleatzT'X'90

Feb. 5th,1915.
_

'CU:SIN

11-j)

Federal Reserve Board,
Washington, D. C.
Gentlemen:
/
A
We understand that there is 'a
move
on foot and application has lateen made to you by
certain banks in Oklahoma, and particularlyby
the banks in Oklahoma City, to have a certain
portion of Oklahoma transferred from District
No. 11, the Dallas District, to District No. 10,
the Kansas City District, and while we understand
these parties are making no effort to transfer
this portion of Oklahoma to the Kansas City District
we are writing you this letter that in the event
at the last hour a move is made to include this
portion of Oklahoma territory in this transfer that
we are opposed to it.
We feel that our interest can well be
taken care of by the Dallas Bank and we had much
rather be connected with the Dallas Bank and,
therefore, we desire to remain with the 11th
Federal Reserve District.
-Yours very ruly,

President.

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Federal Reserve Bank of St. Louis

1
.

1
0 ____-___.i
......
f)
February 4* 191

Dear Sir:Reoeirt 1,3 ackncaLe,:. of your
letter of the
2n.i inst. statinz, your sati3faotion
ailh beins; located

in District No. 11.

I shall take pleasure in brinsing

your owmunication to the attention of
tint; rederal Re-

serve Board.

Very tuly yours,

Secretary.

Mr. J. H. Jackson,
Prest., HuLo National Bank,
Hugo, Oklahoma.

C. H. AND

President-

J.T. HUGHES,Vice-Prest.

E. L.BOZARTH,Secy-Treas.

1p9
L flt.E
MANUFACTURERS

AND JOBBERS

HARNESS AND SADDLERY
H-E37A- L.I N E

SUCCESSORS TO E. M.JONES SADDLERY

WHOLESALE

"QUALITY FIRST"

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Federal Reserve Bank of St. Louis

)

:."
2

EXCLUSIVELY

1-13 EAST GRAND AVENUE

OKLAHOMACITY,OKLA.

2/3- 5

Senator Pollert L. Owen,
Wqshington, D. C.
Dear Sir:
We are advised that representatives from Oklahoma
are to hav4:. a hearing before the Yeder:J1 Reserve Board
next 4e1nesaay,Vebruary 10th in Washington,. the object
of which hearina will be to prevent Oklahoma from being
divided 9.1d put in two districts,
the northern halt in
the Kansas City , and the Southern half in the Dallas,
Texas District.
We know you will agree with us that the natural
trend of all banking business in Oklahoma is to the north
and tQ divide it would work very materially to our entire
State and City ls disadbantage,. it woulii prevent Oklahoma
from gettilFr sufficient funiAs from Dallas with which to
zove our cotton crop, because Texas alone would require
all Dallls could take care of at the cotton moving Beason.
Whereas at that season of the year, Kansas City would
save sufficient funds. to take care of our needs.
Being the Yathcr of the Bill making it possible
for us to have the Federal Reserve Banks, we believe, as
does most every one in Oklahoma that you .alone could
prevent the above injustice being forced on us, and we
earnestly plead with you to use every influence in your
power to do so.
Sincerely trusting you will not overlook this
opportunity to serve all Oklahomans, we are,
Yours truly,
EL13/b ,
e

H.i.ACKSON. PRESIDE NT.
BANE LSON,VICE-PRESIDENT

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Federal Reserve Bank of St. Louis

C.G.SHULL,CASHIER
H.H. HINKLE, ASST.CASHIER

N.774.7

THE H GC,NAT I()NAL BANK
BOMID FILE
`IFL:6:::11AL Ila-‘711VE.
AND Sti12.1?1,L,TS $90,000.00.
COUNTY' DEPOSITORY

I Ix;Go,

Feb. 2,

Hr. B. A. McKinney,
Durant, Okla.
Dear Sir:
I was under the impression all the
while that we had advised the committee of the
Federal Reserve Board fully as to our preference
relative to our position taken in the locating of
the lines of this federal reserve district; but it
seems that we had not, consequently I am today
writing them and I um enclosing herewith a copy of
my letter in evidence.
With kindest regards, I remain,
Yours truly,

J1-1.1--WH

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Federal Reserve Bank of St. Louis

.1?eb. 5th.1915.

,e understand th5t there is 0 move
Liction }vie been m;ide to you by
on foot nd
certz.in b;:inks in (TA0homv, and particularly by
err tin
. ve
the Lin.nks in Chlahwia City, to 17,::
.ortion of CICLahocia tr,InFiferred from Astrict
No. 11, the , 111-Ls'District, to District Yo. le,
underst.and
the Lam;as City Diztrict, nnd
the nartiE,s n-e mf)i.:inr, no effort to transfer
this rortion of (,)!:1horrfl, to,tho hang;v1s City :)istrict
we are wtiting you this. letter tht in the event
at the 1!Ist hour Et move is rla-ie to include this
portioll of C71dahor.7.a territory in thin trrinsfor
we are oppol:ed to it.
' ye feel tH,A our inter,.st can well e
taken cEire of by the 1)11:-s hank - nd .e uiad inuch
r;iiiher he connected with 'the Dallzs 1.1111c
there,ore, we desire to ren;dn with the 11th
.Fc(Itn-1 ':eserve Districts

Feb. 2, 1915.

Federal Reserve Board,
',",ashington, D. C.
Gentlemen:
It has been called to our attention that your department
to tLis time has not had an expression from this institution giving
its viev:s in reference to the actions of the committee in creating
the several reserve districts. In this connecti or, we viish to state
that in the beginning of the creation of these districts, v:e
rather
preferred being placed in the district with
comHittee has seen proper to place

.Louis, lAlt since the

within the Dallas district and

since we have experienced some of the conveniences of being
located
near the .Federal Reserve Bank, we are very much pleased that we
are
in district eleven.

arc u-;iare of the fact that a large number of

banks in Oklahama, who are in district eleven, more particularly
those who are in the western part of the state, ,..e very anxitlus that
they be placed in the Kansas City 6istrict. It may be t_tat their
position is well Laken, but for the Hugo 'Eational Bank,we would object
seriously to such changes or such connections. We have very little
business for F.ans[4.s City,while we carry an account at that point yet
it would be very inconvenient for us to concentrate our business in
that direction and We hope it will be the disposition of your honorable body to allow us to remain in the Federal Reserve District
Yours truly,
ji1J--WH

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Federal Reserve Bank of St. Louis

Presient

Benn•te.F.447.•
H.JACKSON,PRESIDENT

C.G.SHULL,CAN

B.A.N ELSON,VICE-PR ES IDENT.

H. H. H IN KLE,rflIAss-r.Cel

No. 7 7- 1.7

Gr0NATIONAL

BAc
:
t\

CA.1 I'17,114 AND SI712YLUS $90,000,00.

.0•00",

COUNTY DEPOSITORY

Ht7Go,Omr„N...

Feb. 2, 1915.
ti*

Federal Reserve Board,
Washington, D. C.
Gentlemen:
It has been called to our attention that your department
to this time has not had an expression from this institution giving
its' views in reference to the actions of the corwittee in creating
the several reserve districts. In this connection, we wish to state
that in the beginning of the creation of these districts, we rather
preferred being placed in the district with St.Louis; but since the
committee has seen proper to place us within the Dallas district and
since we have experienced some of the conveniences of being located
near the Federal Reserve Bank, we are very much pleased that we are
in district eleven. We are aware of the fact that a large number of
banks in Oklahoma, who are in district eleven, more particularly
those who are in the western part of the state, are very anxious that
they be placed in the Kansas City district. It may be that their position is well taken; but for the Hugo rational Bank,we would object
seriously to such changes or such connections. We have very little
business for Kansas City,while we carry an account at that point yet
it would be very inconvenient for us to concentrate our business in
that direction and we hope it will be the disposition of your honorable body to allow us to remain in the Federal Reserve District #11.
Yours truly,

ofrit“'
resident

JHJ--WH

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Federal Reserve Bank of St. Louis

A. B. SCARBOROUGFI, PRESIDENT.
JAS. R. McKINNEY, VICE PRESIDENT.
B. A. McKINNEY, CASHIER.
W. E. CLARK, ASST. CASHIER.
W. C. JAMISON, ASST. CASHIER.

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Federal Reserve Bank of St. Louis

DURAN

01 LA., DAILY DENIOCR.A.

40,ovv.
ing WE'SHOULD STAY WITH DALLAS
ler
As is well known by our readers the
:to
(
I: N AL
t. committee charged by Congress with t k
1
lx I
the duty of laying off the districts for 1
the Regional Banks to be established
74- under the new currency law placed
the southern portion of Oklahoma
(generally speaking, all the territory
south of the Canadian river) in the
•
•,1.o.
-Dallas district.
t‘s
Our judgment is the
When the anouncement was first
committee acted wisely in attaching this
made our ,state pride caused us to repart of the I
state to the. Dallas district.
gret that Oklahoma had been divided,
The line
of demarcation between the
but the more we consider the matter 1
Dallas and
Kansas City districts really
the more we are convinced that our
divides
the
cotton growing territory
objections were purely sentimental,
from that
part
of the state which
and had no foundation as a business
thrives on
other crops. All of the
proposition. The currency act specrest of the
Dallas district is essentially
a cottontally provided that states could be
growing region, and for that
subdivided and the committee divided
reason it
seems to us we have been
several besides Oklahoma.
Placed
where we belong. The Kansas
A great many of the bankers in the
City
district includes the states of
southern part of the state are fighting
Kansas, Colorado, Wyoming and
the arrangement vigorously and are
Nebraska and parts of New
bombarding their congressmen to get
Mexico, Missouri and Oklahoma. We feel
all of the state transferred to the Kanthat the
board of directors for the Kansas
sas City district. Oklahoma City is
City
district would be entirely
really conducting the fight, apparentdominated
by men coming from Denver,
ly. The bankers and business men of
Omaha,
Cheyenne and other sections
that city no doubt feel that it will pull
which
have no knowledge of the cotton
some of the business of the southern
industry nor of the needs of the
part of the state away from•them and
banks
when they are taxed to the
will also serve to prevent them from
uttermost
o move the crop. We would
getting a branch bank with the whole
be a little fringe of cotton growing
of the state tributary to them. We
counties
On the extreme south end of the
of course do not censure Oklahoma
district, with little or no chance
City in the stand they take and really
of representation on the board.
commend them . for their enterprise,
We believe that the bankers
but after al lthey are actuated by selof this
.part of.the state should not be
fish motives, and for that reason they
swept
off their feet as the result .of
can not condemn .us for being influencOklahoma City's importunities.
ed by the same consideration.
Any one
who has considered the
subject will
realize that so far as the
earning capacity of the regional banks
is concerned Dallas ought to lead
all the
other banks in the country,
and for
that reason stock in that
bank would
be a better investment, but
above all
they would be associated
with people
\"ho know them in
a personal way and
who also know their needs
better than •
the representatives of any
other section of the United States.
-‘11.0g-if
•

No.10244
11 .9
104

L=Ti.
—C=Watti,
o.
r

oraE FmsrrNATIMPL

=iv

G. H. CONNELL, PFESIDENT
J. H. BREWER, C
IER

CAPITAL, $50,000.00
H. A. CONGER, VICE-PRES.
J. T. DOAK. VICE-PRES.

puwcAs,OKLA_.
1915-Vi.DERM.,

1.,.13M1D
\

t‘Y.

.1" 1.,.- :?,V'
• 14. t-T

1,4

January 30,

',/'

().
../X,AA:,
171

Federal Reiterve Board,
P.

•

Washington, D. C.
Gentlemen:We take this opportunity in expressing
our desire to remain in the Dallas District No 11,
and we wish to say that we are petfectly satisfied
to do so, and we are sure it is for our best interest
as we can handle our business through Dallas as well,
if not better, than through Kansas City.
We trust you will allow us to remain in
this District.

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Federal Reserve Bank of St. Louis

Yours very truly,

•

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

0/
tAF''AL•0
ED NAL

7,V E 00

January 21, 1n5.

My dear Oir:
Your loter of Jau,J.ary lithtating jou deeire that
Johnston County, Oklahom, be retaiaed
in the Fedeml ro—
sf..Irve district of Dallaz, Toxiz, 16 reueived
.

The letter

which ;pa enclose from L. .L. Orildwell„
Caahlor of the 7ic—
BTInk
it

vuivd.

our letter and

enclosure:3 v.ilL be promptly called to the
attention of

the .ie&tral liosc)rve Board.
Respectilly,

Honorable Willi= H. lare47„
House of Represeat-ltives,
;:asihiugton, D. C.

F LE

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Federal Reserve Bank of St. Louis

7.7.e:robr

-. :Litmliller:
3 ,1is 1:0 t this letter to show to
.1/
- . .
kY._‘
3oa
PNV,•0 C \
0
‘kV..',-,‘4 Z
fc:E.V3t-1
--11.13r 12, 1915,
JzInuait

...-----`

Ci
Er. 4a1tor

21=1=11, ounvy Attornv,
Bryan 3ounty, Oklabonui•

Yy (lear Zial. ::urabil11:liavo your lottor oT January 7th about the pro-nosed trausfor o: •m

art of :-,outhern :,7i2ahema and shcil

taks pleasure i callinL It to t

ttz.ntion a the Ine:1-

bars of the ?edera1 13eeerve Bard, in orae
ive It- th

atteation it ilQno7vez.

A.th: hind 1.7,o1'3onal reLrds„ I am,
Sincerely yours,

that they nay

•

MURRAY, M. C.
OF OKLAHOMA

MEMBER OF COMMITTEES OR
INDIAN AFFAIRS
PENSIONS

HOUSE OF REPRESENTATIVES

COINAGE, WEIGHTS, AND MEASURES

WASHINGTON

January 11, 1915.

To the Regional Reserve Board,
Washington, D. C.
3entlemen:—
In re application for change of the district for southern ,
Oklahoma, I have to ray that I trust that Johnston county will be put
with the Dallas district.
bankers

This is the county in which I live, and the -

that county as well as the great body of business men had

rather retain it in the Dallas district.

I am sending you herewith

a letter from Mr. Caldwell of the Tishoengo National Bank with reference
to the matter.
I shall be pleased that when you finally detr-rmine this question
that you retain Johnston county, nlahoma, with the Dallas district,
and greatly oblige,

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Federal Reserve Bank of St. Louis

Yours sincerely,

(RA/pi/

/ - --1.. t-- '- -Ivr

'-- ---- --------/-

N. 10012

4311

ilitirr(t/17
>

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Federal Reserve Bank of St. Louis

Nati_111141

JAS.R. MS KINNEY, PP.Es.
W. M.LUCAS, V. PRES.
W. KG!ESTRAP,V. PRES.
L.. L. CALDWE LL,(ASHIER

T:SHOMINGO, OKLAHOMA.

Jan.

7, 1915,

Hon. Wm H. Murray, M. C,
Washington,

D. C.

Dear Sir:T have your letter of Dec. 31 with reference
to what Joe Thompson said about nearly all the banks
signing the petition filed with the Reserve Board.

The

facts are that none of the banks of Johnston County
signed that petition but that petition was signed by
a committee and they made it appear that the banks of
Southern Oklahoma signed it.
There are six banks in Johnston County
and four of us signed a petition to the Reserve Board
not to make any change and the fifth bank out of six
of which Mr. Teter is Cashier informed me that they did
not care which one they staid in.
The facts are that the move to put us in
Kansas City District is a worked up job to get us so
NW far from the Reserve bank that a branch bahk will
have to be put at Oklahoma City which would not suit me
at all and no other banker in this part of the country
after they have time for the thing to soak in.
Yours very trul

FEDERAL RESERVE

BOARD

OFFICE OF COUNSEL

January 16, 1915.

DATE:
SUBJECT:

Mr. Harrison:Please give me the status of
the pleadings in this case and see whether
this bank appears as one of the signers.
I think we had better discuss this question.
M. C. Elliott,
csb

11;_tt,l.te,t,

4414

ttl

at41

Ot(

ieu 4
elt( ?"-K?e)/ledi

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Federal Reserve Bank of St. Louis

e
te7''.20
.
s 61; led

cGth:

•
t

WALTER
COUNTY

TURNBULL

MOORE

ASSISTANT•

ATTORNEY

COUNTY ATTORNEY'S OFFICE
,
BRYAN COUNTY. OKLAHOMA

A---f_ A,
Li
Jan, 7, 1915.

Dr. H. Parker Willis,
Pederal Reserve Board,
Washington, D. C.
Dear Dr. Willis:
I have been wanting for some time to write
which is being
you personally in reference to the effort
hern Oklahoma
Sout
of
ion
port
made to transfer the greater
District.
City
as
Kans
the
to
from the Dallas District
ion from an
rmat
info
,
kind
this
of
Oftentimes, in matters
this
affair,
in
nt
exte
e
larg
a
to
am
I
outsider such as
ies
directly
part
from
ered
gath
that
than
is more valuable
concerned.
I feel that a proper consideration of this
nding
matter by the Board cannot be had without an understa
Oklahoma
of the origin of the movement to transfer Southern
es
forc
to the Kansas City District and a knowledge of the
ely
diat
which were and are really behind the contest. Imme
rict lines-following the announcement of the Reserve Dist
out in
came
within a few hours I was told after the news
ion
ciat
Asso
e
the papers--the Oklahoma City Clearing Hous
rehas
h
ment
whic
move
held a meeting and inauguttated the
this
re
befo
ing
pend
now
tion
sulted in the filing of the peti
HarB.
W.
by
ing
rtak
unde
Board. They were aided in this
Association,
rison, Secretary of the Oklahoma Bankers
grams were imTele
.
City
himself a resident of Oklahoma
homa urging
Okla
ut
ugho
thro
s
bank
mediately sent to the
sion of the
them to protest to Washington against a divi
by letters bearing
State. These were immediately followed
aining blank protests.
on the subject and enclosing slips cont
with the request that
Execution of these protests were asked
s where there was
they be immediately returned. In case
ect a second letter
any delay in hearing from a bank on the subj
protests be
the
nr that
was sent out more urgently requesti
signed up and sent in.
ions in
The aid of business firms and corporat
ions
those institut
Oklahoma City was also enlisted, and
ts in the various
nden
espo
corr
r
thei
with
began a campaign
the annual "Booster
sections of the Sta te. About this time
d the southern part of the
Train" from Oklahoma City traverse
bankers from Oklahoma
State accompanied by a delegation of
to labor with the
City, who made it their special mission

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Federal Reserve Bank of St. Louis

.27
/267--

•
WALTER,TURNSULL
COUNTY

ATTORNEY

GREY

MOORE

ASSISTAN T

COUNTY ATTORNEY'S OFFICE
BRYAN COUNTY. OKLAHOMA

1/7/15

Dr.H.P.W. #2.
banks whom they visited in an effort to get them to join in
the protest. Secretary Harrison used the prestige of his
office and the force of his personality in an effort to
convince the banks of Southern Oklahoma that their interests
were being seriously violated. As Managing Editor of the
Oklahoma Bankers' Magazine, Mr. Ha rrison filled the colums
of that journal with matter calculated to appeal to the pride
if not the prejudice, of the bankers in that portion of
Oklahoma attached to the Dallas District.
I am told that upon the occasion of the meeting
of the representatives of all the banks of the Eleventh
District in Dallas on May thirtieth, for the purpose of
nominating candidates for the several elective directorships
in the Dallas Bank, a delegation of Oklahoma City bankers
were in attendance and were present at the caucus held by
the Oklahoma bankers the day previous to the meeting of the
general convention. These gentlemen had prepared and brought
with them a resolution which they asked the Oklahoma bankers
to adopt, to the effect that it was the sense of the caucus
that Southern Oklahoma should be transferred to the Kansas
City District. Great pressure was brought to bear by them
in their efforts to get this resolution adopted, but it
failed.
Happily situated in the District in which it
feels its interests will best be served I believe that
Oklahoma City could well have left the intelligent bankers
of Southern Oklahoma to work out for themselves the question
of what District they should be placed in. The zeal displayed by the Oklahoma City bankers, the persistence which
has charactized their labors in this behalf and the expense
which I feel they have incurred in prosecuting the contest,
are greatly in excet;s of what I believe would ordinarily
attend patriotic or altruistic services, and I am forced to
the conclusion that a selfish purpose lies behing their
activities. Oklhhoma City wants a branch bank and thinks
there is no chance to get it with the State divided.
Oklahoma City's ambition in this connection is commendable
but I feel that it should not be gratified at the expense
of the conveniences and future welfare of Southern Oklahoma.
The section of Oklahoma etbraced i the Dallas
District, including as it does about forty percent of the

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Federal Reserve Bank of St. Louis

•
WALTER

TURNBULL

COUNTY

ATTORNEY

GREY

MOORE

ASSISTANT

COUNTY ATTORNEY'S OFFICE
BRYAN COUNTY, OKLAHOMA

Dr.H.P.W.

#3.

State, produced this year seventy percent of all the cotton
raised in the entire State, or approximately 700,000 bales.
Cotton is the principal product of the Southern half of
Oklahoma, and this I believe that the Organization Committee
displayed ammost discriminating knowledge of conditions
prevailing in the State when they attached that portion of
Oklahoma lying south of the Canadian River to the Eleventh
District, the territory embraced in which is essentially
a cotton growing region.
Not only is it true that cotton is the predominating
crop of Southern Oklahoma, but it is also a fact that practically every bale, whether for domestic consumption or export,
is shipped south from Oklahoma to the Gulf, being handled
through Galveston or New Orleans, the grer-ter portion of it
through the former. This shipment of Oklahoma cotton through
Texas to the Gulf is due to the lower freight rates which pre.
vail in connection with transportation by water.
The wisdon of the Organization Committee becomes
more manifest when it is considered that the financing of the
cotton cop during the process of production and while being
marketed is a problem and a burdento the banker not
understood or appreciated by those living in other sections
of the country. Generally speaking, the business of a cotton
community ebbs and flows once in a year, necessitating periods
of expansion which appeal unfavorably to persons not conversant
with the conditions which produce them. It iFs. therefore,
apparent that the Federal Reserve Rank of Dallas, managed as
it is and as it necesarily will continue to be by a Board of
Directors who have an intimate knowledge of the cotton
industry, can better serve the banks of Southern Oklahoma than
the Kansas City Reserve Bank, which is operated by Directors
and Officers who, though thoroughly qualified in a general way
any properly disposed toward their nember banks, can not
understand the needs of a bank in a cotton-growing region.
It is perhaps true—we might say lamentably true
thatthe trend of money has been East and North from the section
of Oklahoma involved in the contest, but the trend of commerce
is not and should not be. Not only is the cotton business of
Southern Oklahoma handled in the manner stated above, but
Other products are likewise shipped south for export as well
as for home consumption. The amount of cattle and hogs
shipped South from Southern Oklahoma to the Texas packeries
is increasing annually, and the movement of wheat from that
part of Oklahoma included in the Eleventh District is nearly

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Federal Reserve Bank of St. Louis

•
WALTER. TURNBuLL
COUNTY

ATTORNEY

GREY

MOORE

ASSISTANT

COUNTY ATTORNEY'S OFFICE
BRYAN COUNTY, OKLAHOMA

1/7/15

Dr.E.P.W. #4.

exclusively to the South.
I feel that the Organization Committee and not
the Committee that filed the petition in this matter had the
proper foresight with reference to conditions which will
eventually prevail in this section of the United States.
To a large extent the business of Southern Oklahoma extending east and north is the result of artifical conditions--conditions which in my judgment the Federal Reserve Act was
in part designed to correct. The Committee filing the petition
merely take a view of the situation as it bemporarily, and
we may say abnormally, exists; whereas, the Organization
Committee, with proper discernment, looked ahead to those conaitions and augments which should, and finally will prevail.
My conception is that one of the purposes of the
Federal Reserve Act was the establishment of financial unit
whereby the resources and business of the different sectionSof the country would be concentrated and conservd for the
use and development of those sections, making each as nearly
as may be independent of the others, The remark attributed to
Mr. Warburg, which was quickly taken 111) by the press of the
country, to the effect that the sixteenth of November will be
regarded as the financial "Fourth of July" in this country,
cannot have any stronger application than to the territory
embranced in the Eleventh R eserve District.
The argument used by the Committee in the
effort to show that Southern Oklahoma should be attached to the
Kansas City District could be urged with greater effect to
prove that it should be joined to the St. Louis or New York
district, because, aside from the mere clearing of checks
(a practice also largely artificial as the result of strong
competition among the commercial banks) the banks of Southern
Oklahoma have perhaps done a greater volume of business with
the banks located in those two cities than they have with
Kansas City. It is likewise true that the trend of business
has
in Texas and other sections of the Eleventh District
Committee
the
as
been north and east, and to as great an extent
could
argument
e's
claims for Southern Oklahoma, The Committe
be
should
t
entire
Distric
therefore be used to show that the
to
it
ng
continui
and
Louis;
connected with Kansas City or St
and
Bank,
Reserve
one
only
its logical and the result would be
York.
New
at
that a Central institution located

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Federal Reserve Bank of St. Louis

•
WALTER.TURNBULL
COUNTY

GREY

ATTORNEY

MOORE

ASSISTANT

COUNTY ATTORNEY'S OFFICE
BRYAN COUNTY, OKLAHOMA

1/7/15

Dr.H.P.W. #5.

In soil, in climatic conditions, in farm and
other products and in the temperament of the people,
Southern Oklahoma bears close resemblance to the other
sections of the Eleventh Reserve District, North Texas
was settled long prior to Oklahoma and upon the opening
up of Oklahoma and Indian Territories, the Southern
portion thereof were peopled largely from North Texas, with
the result that there is a great intermingling of commercial
and financial enterprises and a vast interchange of business,
besides many other ties and interests in common.
I desire to aPpoligize for the great length
of this letter but hope that you will find in it at
least some thoughts bearing on the subject that will prove
of interest to you and perhaps through you to the Board.

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Federal Reserve Bank of St. Louis

With beet wishes, I am,
Yours truly,

DNC

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

January 6, 1915.

Your letter of January 2, stating th*t the
First Nf,tional Bank of Duncan, Oklahera, desires
to remain a cart of the Dall*s District, is received,
and will be crdled to the attention of the Federal
Reserve 3nard.
Hesnectfully,

Seoretta7.

Xx. J. H. 'Brewer,
The First National Bank,
Duncan, Okla*

FRANK JONES, VICE•PRES,DENT
H. A. CONGER, VICE-PRESIDENT

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Federal Reserve Bank of St. Louis

G. H. CONNELL, PRESIDENT

J. R. PRENTICE, CASHIER

410

0110

J. H. BREWER, Ass•T CASHIER

No. 10244

THE F_IRST NNINIONAL BAN
r‘k\i
CAPITAL, $50,000.00 C
-1v13131\‘'

DITNCA1V,OKLA.
January 2,

The Federal Reserve Bank,
Washington, D. C.
Gentlemen:In the beginning of the organization of the Federal Reservc/hank system,
some of the Oklahoma Banks made a desperate effort to change fro

the Dallas dist-

rict to the Kansas City District, but owing
to the present exist

g conditions, we think

it the best ahd. are satisfied to remain
in the Dallas District.
Gfcourse most of our business
goes north, but we are satisfied we can
arrange our business through the Federal
Reserve Bank, at Dallas"ind take care of
\
our northern business jVst as eawily as
if we were in the Kansas City District.
So, as

stated above we are

satisfied to remain in the Dallas District.

RECEIVED
Yours mery truly,

0\c,NNIZA
eq.
12

Acting Zashi,

io?
z

13,

tf),

-6
6

•
•

•

Farmers •W Mechanic%tiRtional
BEN 0. SMITH,PRESIDENT.
J.T.PEMBERTON,AcTIvE VICE-PFIEST.
GEO.E.COWDEN,1
vicE-PREsTs.
H . W.WILLIAMS,
B.H. MARTIN,CASHIER.
G.P. STEWART,AssT.CAsHIER.
DAVID BOAZ.AssT.CAsHIER.

OF FORT WORTH.
CAPITAL $ 300,00099

SURPLUS $300,00099

FORT WORTH,TEXAS, August 25th, 1914
!

L.L.MANCHESTER,AssT.CAsHIER.

Mr. Tom Wade, Cashier,
Marlow, Okla.
Friend Wade:
It has recently been brour'-t to our attention
that there may still exist some opposition to Southern Oklahoma remaining in the Eleventh Regional Bank Disirict.
Do you happen to be familiar with the situation, and
what influence, in your opinion, will that opposition be
able to exert with the Department. In viow f the fact that
a great majority of the Texas Banks were so enthsiastic in
electing an Oklahoma man as one of the directors, we sincerely hope that there is nothing in this report.
contest, even th9ugkitgight be, unpuqt§p1141
n es•• of h
afraid wou
resu
direc or, an inasmucl as Southern Ok ahoma is, o a great
extent, a cotton producing section, it occurs to us that it
would be much better for them to remain with banks that are
familiar with the cotton situation, rather than go to Kansas
City.
An expression from you at your convenience will be
appreciated.

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Federal Reserve Bank of St. Louis

With kindest regards, we are,

H.HUGH ES,CASHIER.
A.J.C RAI N
ASH.ER.

M. HUGH E S,RIRESiDENT.
LEON KAHN,Vice -PREsIDENT.

5417

THE FIRST NATIONALBAtOF HOF
—

RoFF,OKLAHOMA, June- 25,

14.

The Federal Reserve Board,
Washington, D. C.

Sirs:There has been considerable agitation among the
banks especially of Northern Oklahoma with a view of
having the Southern portion of the State placed with
'

-roszr

the Kansas City Reserve District
instead of with Dal,,
las as it now stands.
feel that both sides of the question should
be heard.

We are well satisfied with the present ar-

rangement, and feel that we should properly be with
Dallas.

The Southern part of Oklahoma is strictly a

cotton country, while there is little cotton in the Northern part. For this reason alone, we think that this
part of the State should be placed with District No.11
which is strictly a cotton district.

It seems to us that

this part of the State could be better taken care of in
every way by Dallaq, which is much nearer and more ac\
\
:
\essible.
,-/

Trusting that you will decide to leave Oklast.
hama. just as it is, we are,

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Very respectfully,
qt4
Cashier.

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Federal Reserve Bank of St. Louis

Juno 24, 1911.

1.!r. Jamea

Kirrz, 3.1s:11 -5r,
The First 'gat:Loma Bqnk,
Aylomrorth, Ok1P..

S I r:
Your 1- ..Ittc;r of Jun., •! aildrwiuod to tho
Felderr.t1 iloaerve Boardhi been mooirod ancl
be5 to aaviue you that I 17,h71,11 trtke

r3at

leanure

in ea1lirk7, filf.Me to the rittortion of to noard r7A011
it tiles tip the riztection of mviowl..n; the Diotricta.
rti:20.votflal y,

'3ecrotary.

NO. 10385

•
7E-1?e 3First ,:"National itlank*

:\Ak 1

'.̀-Zzipittil 525,0011
V ILE.
3'0'4f. BO MID

B. A. McKINNEY, PRESIDENT:.
M. O. CARDIN, ViCE•PAEsIDENT
JAS. N. KING. CASHIER
JACK BUM'OASS. ASSISTANT-CASHIER

Aylesicort h,

,
4
June Lith,1914

Federal Reserve Board,
Washington,D.C.
Gentlemen;Realizing that there is an attempt being made
by some of the banks in Oklahoma,located in the Distrdat #11,and others
im the northern part of the state,to bring pressure to bear upon you,
to change the boundry lines of District No.11,80 as to place the
entire sate of Oklahoma in Distris.I_U-1L,we,as a member bank of
District No.11 wish to say that we heartily endorse the division
of Oklahoma made by y2,11.in outlining this district,and wish to enter
our protest against any change whatsoever in the territory included
therein.
The natural trend of the business of the banks of Southern Oklahoma
is not toward Kansas City and the placing of us in District No.10,would
neccitate our forming new relations altogether.
the state of Oklahoma should be divided from the fact that the
seasons are the same,and the crops grown,are identical with those of
the State of Texas,while the northern portion of Oklahoma

is the same

as the State of Kansas.
At the Bankers convention held in Dalias for the purpose of roccommending Directors for the Reginal bank,Southern 'Oklahoma was shown
due consideration s both in giving us a director and in selecting B class
directors who were thoroughly identified with Southern Oklahoma interests,

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Federal Reserve Bank of St. Louis

Yours for Disot,No.11 to stand,
veryrespeotfully.

pwkijv

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Federal Reserve Bank of St. Louis

'Aty 23th,

131r:
your letter of :ray 4'5th, addressed to
Secretary EcAdoo, ac.mowledging receipt of copie
s
of the "Deels;qn of the Com ittoe" and statemnt
given the Press, 1,bvbe-n referred to th3s office
•
for attent1,1n.
I take pleasure in comlying with your
request that several more copies of e,no docun
ents
be s, nt you und three copies, each, of the "Deci
sl n"
and Press stater:ent have been -.ailed, under separ
ate
Cover.
Respectfully,

Secretary.

nr. Francis T. Reeves, Atty.,
Suite 714;-718 Lilley
Waterbury, Conn.

FitNNUIs T.ThI4iwE S
ATT OlitIVMV" AT :LAW
SUITE 710-718 L1LLEY BLDG.

WATE RB U RY,C OWN.
May 25th., 1914.

ItEjU E

Hon. William G. McAdoo,
Secretary of the Treasury,
Washington,

MAY 2 F

D. C.,

Dear Sir:-

Res. Banl-

,iniatee

I have received a copy of the "Decision
of the Reserve Bank Organization Committee Determining the Federal Reserve Districts and the Location
of Federal Reserve Banks under the Federal Reserve
Act approved December 23rd, 1913," with "Statement
of the Committee in Relation Thereto," for which
please accept my thanks.
I have been looking forward to the receipt
of these documents with a great deal of interest,
not because I felt the need of any re-inforcement
Fri
erk„, in my faith in the wisdom and integrity of the Organ1:11
ization Committee,but that I might have a clearer
tg and more definite understanding of the various fac<1 tors entering into the Committee's determination
of the Reserve Districts and Reserve Bank Cities.
t."1

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Federal Reserve Bank of St. Louis

A study of the report and statement and
a careful analysis of the accompanying tables,
seems to me to be a complete demonstration of the

MT0 RIUTIVE
ATT0nzirma- AT LwSUITE 710-718 LILLEY BLDG.

Hon. W. G. MCA. f2)

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Federal Reserve Bank of St. Louis

WATERBURY-, C OWN..

wisdom of the Committee's determination, and the
integrity of the motives underlying the selections
made.
In my judgment, the enactment of the Reserve
Act, and the efficient and patiotic carrying out
of its provisions, will prove to be the greatest,
among the many really great constructive accomplishments of our National Administration, and
that the Organization Committee has contributed
its share of

effort toward that end.

If it is not trespassing upon your good
nature, I v;ould appreciate the receipt of several more copies of the documents sent to me.
Very truly yours,

AN VPFT)

WV(
41.?

•

April ;.:0, l914.

J:arcy H. Johnson, :Aq.,
ershicr, Citizons rational Dank,
oulavi lie, lontuch'ut
Donr
I 11. ,xe your letter of tho 14th instant, with enclosure, for which plecso
accept mp thanks.

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Federal Reserve Bank of St. Louis

Xith boot wishes, I am,
Very truly yours,

-c^CilgAT)
-1:01-J)

OT%

SO
B. H. BOYD , PRESIDENT

R.Z

GEO•W. COPE LAND,CASHIER

J.S. CRAIG,

WRIGHT, VICE PRESIDEN;

^t
- m .,

040fvw

SA,441

&AO ailt
April 25th, 1914.

Oiv,anization Committee,
Federal Reserve Banks
Washington,

D. C.

Gentlemen;—
We have sent our
subscription to stock alloted in
ti
Federal Reserve Bank, 4nd wish to
advisiotha we are
prepared and waiting to r*ce the ini0-1
payment on this stock,
we think your committe has ac iW1sely
in the selection of
District #5, and thayRicl ,Qnd is the
place for the Reserve
Bank,
We think 1ivnLV that if the
farmers are to reap the
benEffits of the new Act this year,
the organization will have
to be hastened
We are looking forward to great
benefits
from the Act.

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Federal Reserve Bank of St. Louis

Yours very truly)

President.

N 0 9687

•
•

E I IJ3i 11,w31

,Liaiu

HLE
FEDERAL RESERVE BOARD

305 NOR\NO00.Pctv_s\ottt-T
C.k_ .Y\\ES\_EF:k. v‘cx...-Patsvaurc.
0.A.5?\\JEN, \J‘c-coRE.svou-47.
3%0.\N.\_\\...\_ARO.cksNmul.

iv-ill/01/(16!

April 24, 1914.

Reserve Bank Organization Comittee,
Washington,

D. C.

Dear Sirs:We note with regret the effort which is being
made by some parties to have your Committee change its decision
in designating Richmond, Va. as the location for the Reserve
Bank for this District.

We very earnestly urge that you

make no such alteration.
With the exception of the District of Columbia
and the state of Maryland, Richmond has in the past served
the district in which we ae located muc4„Aptive liberally and
satisfactorily than has

1timore 9dwhat to our minds is

much more important, cA be r94:d from practically every
i
point in the Districtlbx,,./611 over night, thus avoiding the
necessity of any branch banks in this District and the
additional expense which such branch would necessarily entail.

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Federal Reserve Bank of St. Louis

Yours very truly,

President.

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Federal Reserve Bank of St. Louis

Aoril 16th, 1'n4.

Sir:
On behalf

t!:e Organization Com-

mittaa, Ibug to t!lank 7Q11 f(;.c your
courteous letta: o

6th ins•Lialt

wit,irat;rqrnlo to tho
Co7nmIttoo es daciti-,ion in 2ayin7 out to
roderal

az3pactfully,

S3'rat-Jry,

asstirve Bunk Organiatirm Cmmittoti.

Mr. Frank Knox, Prositient,
National Bk cf tNft Republic,
Silt Lka City, Utah.

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Federal Reserve Bank of St. Louis

°MC

April 16th, 114.

Gentlemen:
On behalf of the Organization
CoviTittes, 1 bag to thank you for the kindly
expression contained in your teleram of April
8th and, as requeoter!„ take plemsure in enclosipg, herewith, approvcId form of vanoluti,m for
th' use r, r Stte Banks and Trust Companies which
desire to entor the Yeaara Resorve !375t31t.
The applications for stock of tha
Fs3erttl Reservo Banks for the use of State Banks
and Trust Companies are now in ',Ale hands of the
printer and sus soon an same have been received,
will be :orwardo:i IC those banks which have ex?r4assd thelr intention to subscribe to stock of
a Federal Reserve Bank.
Respectfully,

Resirva

Farrlers State B4n%,
Texas.

00.!r3itry,
Orr,anization Comnittee.

RESER\i/Enn130A7
FEDOAL

THE

CITIZENS NATIONAL BANK
CAPITAL $500.000

SURPLUS A PROFITS $ 650.000

LOUISVILLE,Ky.
H.C.RODES.PRESIDENT
WEBSTER MOORE.ASST.CASH.
S. B.LYN D.VICE PREST.
JOS. M. ZAH NE R.Assy.CAsH.
PERCY H.JOHNSTON.CAsHIER

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Federal Reserve Bank of St. Louis

.pr L1 14, 1 914.

Hon. Wm. G. McAdoo,
Secretary of the Treasury,
Washinaton, D. C.
Dear Sir:There is enclosed herewith copy of
letter we are sending out to our correspondents,
which we think will probably oe of sone little
interest to you q.t this time.
7e1

esp,:ctfully,

Cashier.

V E,
0.

APR 29 1914
Res. Bank Org Committee

THE

,4.:1)ITIZE N S

NATIONAL B

CAPITAL $ 500,000—SURPLUS

PROFITS $ 650,000

our SVILLE,RA;
H.C.RODES, PRESIDENT
S. B. LYN 0, VICE-PRI-ST.
JOS. M. ZAHNER, Asst. CASH.
PERCY H. J0}INSTON,CASHIER
WEBSTER MOORE, Asst. CASH.

The evolution of the Regional Banking System
which is now going on, is a matter of paramount interest
to Bankers the country over and whilst there has been much
dissatisfaction at the preference given certain cities and
localities over other apparently more desirable centers,
we feel it to be the part of wisdom to accept such selections without undue criticism and to do everything in our
power to further the organization plans of the Committee.
Inasmuch as no legislative action can govern the
natural movement of business, a fact which all thinking
men recognize, we are convinced that undue importance has,
in the minds of the public, been given to the specific location - of Regional Reserve Banks and that the location of
such banks will have no mere bearing on the ebb and flow
of business than does thepresent location of the SubTreasury Cities.
The whole Regional Bank Bill is in the nature of
an experiment and we ourselves have felt it to be the part
of wisdom to face the various problems arising in connection
with it only as they were presented to us, as it seems a
practical impossibility to forecast just what help or hinderance, if any, the operation of the Bill may be to us.
Frankly speaking, I do not believe that the country
banks, as a rule, at present have the class of paper that
would meet the requirements of the Regional Reserve Banks,
and in any event, we want you to feel that there have been no
developments in connection with the Bill that in the slightest
degree interfere with our ability to give you absolutely first
class service and that it will be long before any substitute
will be found for the intimate personal knowledge and our
close friendship made during years of association.

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Federal Reserve Bank of St. Louis

Yours truly,

Cashier.

•

E ‘300v

.••• •

V Li

APR 21 19i4
tzenk
Poplar

ILE

.
April 181 19141

Hon. John T. Tumulty,
Washington, D.C.
Dear Sir:
I hand you copy of letters to Regional Bank Committee,
also copy of letter to Senate Committee on Banking,

the reason

for this comment is my interest in this Currency measure.
In the letter to tne Senate Committee in reference to
position and support, filed with eighty members of the Senate,
December 1913, a copy of which was mailed to you at the time,
reciting in detail to some extent, conditions.
I am active in every day affairs ( on a small scale
at any rate )

to the extent that I receive and extend credit

and
incidental and customary to a distributing business, and see
feel the need of this measure,

If you find these matters of

sufficient interest and will pass the file to the President's
desk, you will do me an honor and at the same time give him an
are
idea of the work and support of a high private, of whom there
many.

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Federal Reserve Bank of St. Louis

Yours very tru

_•c- _6ytecei,";01wiy

e.c_W0V7

0-10LESALE GROCERS
•

(INCORPORATED)

POPLAR BLUFF, MO.,
Dear :1.r:R.I.'errins; to the copies •attached, supporting, if such it
may be considered, of the committee making the selection for the
If the President should appoint Ex-Prenident T,ft,
Regional Banks.
a Circuit Court Judge, most likely some criticism, and complaint,
At any rata the way LI human nature, and the con-duld be heard.
3titution provides for it, if a fllow is determined to be a
kicker.
Just so in the working out of the details in the
Currency Measure, and had the committee complied with the demands of
all appricants, said committee would have violated the law, ,..11 there
vi,Ao not enough banks to go round.
Criticism, insinuations, intimidations, or hinderances,
in any form whatsoever, should be pushed aside. Permit me to quote
from second paragraph of a letter to you dated 12/13/13:
"Furtherwore, pending its adoption, and orking out of
detail, expansion of credit will not be available to any, nor will
there be muchi in the atmosphere to encourage new invest.entc3, as
most of such encouragement comes to a working head in some b.Ank,
1(1 just now they are not in the mood of optimism".
The truth of the statement is L.ors, apparent now tlian then.
The responsibility f:.,r de.ay, for failure in any form whatsoever,
will be *Japed at your door by the assiciated banks, a majority of
whom are opposed to the principle of this law.
Ruh ehuu.Ld b, the word in 1_rfecting the detail for
opening these banks.
Yours truly,
JAJ/LMJ

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Federal Reserve Bank of St. Louis

ofA

.wyyr4
•

ceS4Øeiny

110-10LESALE GROCERS
•

••

(INCORPORATED)

POPLAR BLUFF, MO.,

4/ 14/14

Mess. Houston, McAdoo & Williams,
Washington, D.C.
Dear Sir:In reflecting over the location of Regional Banks, we are
to
observe that we were in luck to have some one to present,
forced
or some one to consider, who made good use of their knowledge of
business affairs.
The citizens of this state, as well as those in tree or
four near by, are indebted to you, and you are to be congratulated
for having the courage to follow your judgement.
The courage displayed in following the course where
facts and conditions only were considered, and where politic,or
policy, was at least in the back ground, is a fact worthy of note
and commendable to the extent that it should bring forth applause.
Were it my good fortune to be a citizen of Tennessee,
Mississippi, kokansas, Oklahoma, or Kansas, and knowing conditions
in each as I do, and in Missouri as they are, I could not do else
but approve the selections.
The combined resources of Missouri, are of enormous
proportion, and much that is manufactured, as well as much raw material
is distributed from within her borders throughout the territory
au_otted to its Regional Banks.
For example, though a minor item, the value of chickens
and eggs produced in Missouri and sold, is over forty- million
Sucil product comes, to a large
dollars (zi0,000,0T9) pr annum.
degree, fro:d active farmers, and is indicative of the extensive
i_roduction of raw material, and as we produce, must necessariiy
exchange said 1:roduct for manufactured goods, wares and money,
among ourselves, and with others, hence the volumn of business
found to exist within our borders.
From what I know about it, would hazard a guess to the
Banks,
extent that within the territories allotted to Regional
of
percent
large
a
and
goods,
red
eighty percent of the manufactu
,
territory
said
in
on
consumpti
of
points
the raw products moving to
Missouri.
-0=es from, or is handled by some concern in
Respectfully Submitted,
JAJ/LMJ

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Federal Reserve Bank of St. Louis

1250'
\
MILES 0F\\
RAILWAY TRACK
"Aovirli

7.5 MILES OF

POPLAR /
BLUFV„-,

tat.
`11111446 •
I

NCotap0

WHOLESALE Ci ROCIERS
POPLAR BLUFF, MO.,

4/9/14

Mess. Houston, McAdoo l& 7illia",
Washington, D.C.
One and two time paper.
In this docuiLent there is
much that ill effect the circulation of credit. If one name paper
is to be prefera.ae, then it will be i.ossibie l and probable, that
a small group of traders in credit to absorb the resources of a
Regional Bank, thereby absorb competition.
If two name paper, then amounts will be smaller, is:
will cow.;.r, or can be made to indicate, or coir.::r a bill, or '411s,
of certain date, or obligations of certain date, and will be utilized
throughout the territory allotted to each Regional Bank, and will
help keep r-te of interest down in the country.
A further safe guard (may be) would be to prevent
renewal, except by extension, entered on the back of the contract
by a6reell.ent, then add a commission of one fourth of oner percent,
besides tae interest. saiu commission to be paid to the pe_ional
Banks only.
'rids is not in the form of a sugestion, but merely
the opinion of one, which can be supplemented with proof, should the
co&mitte, or any one f:Jr them suggest.
Yours truly ,
JAJ/CLJ

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Federal Reserve Bank of St. Louis

April 16,

Sir:

Rocoipt is aCknowlodzod of your
courteous letter of April 9th, =pressing
your zatisfaction in the soloction of
Do.14s:zg;tho location for a rodoL-al rosary° badk, and. inclosin,f; for tho information of the Committee a Lotter from the
Socrotary of th4) Oklahoma Bararers Association.
Respectfully,

Clocrotaryl,
Lt. L. L. Caldnell, Cashier,
Tishominco National Bank,
Tishomingo Oklahoma.

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Federal Reserve Bank of St. Louis

Aril 16th, 1514.

Gontlemon:
bog to thank you, on bohalf of the
Organization Committeo,ror bhe kinuly eentim nt expre,qe9d in y:,%Ir t,slgeam of April 8th
and tat:e pleasure in oacLJaing, norowiLhe approved form of reaolution for Vile use of State
ank

tr,d Trust Ccriox.ios in signifying their

intentun to subsoril:o to the stock of a Federal Recorvo
Kindly have fi11a4out, signed and
returned tc. t -is offico one of the enflloped
ciris, retaininj; thl Ju,:licato for ynur files.
The awaicatS.ous for stock in the
Fedaral Reserv) Banks for the use of State
411 -(/
Banl:s
w in the hands of t!,3 printer and
will be ntilled to t,hose hank i doLiring to
enter the system as soon as sale havi haen
received.
Respectfully,

Secretary,
Reserve Bank Organization Committee.
Dallas Trust and Savings Bank,
Dallas, Texas.

.
.

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Federal Reserve Bank of St. Louis

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Federal Reserve Bank of St. Louis

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Federal Reserve Bank of St. Louis

RESOLUTIONS ADOPTED AT BIG MEETING
WHEREAS, The banking and other business interests
of the city of Baltimore having learned with great surprise
and profound regret that the board charged with the duty
under the nrovisions of the Federal Reserve Act of dividing
the country into reserve districts and de.sig-nating in each
district a city to be the seat of a Federal Reserve Bank has
thought it proper to deny such designation to the city of
Baltimore, by far the most important banking, commercial
and manufacturing centre in District No. 5 as outlined, and
has so designated the city of Richmond, Va., a city one-fifth
of its importance bath in population and commercial supremacy.
THEREFORE BE IT RESOLVED, That on behalf of
the city of Baltimore and its manifold and great business
activities, this massmeeting hereby registers this its formal
protest against the injustice and wrong done by the Federal
Organization Board in these premises, and respectfully petitions the board to reopen that part of its proceedings in
which judgment was given against Baltimore for further
hearings and action, and for the following reasons:
1. That the decision adverse to the claims of Baltimore was not
2.

warranted by the evidence presented in the case.
That as evidenced by official announcement in the premises
the points upon which the Organization Board relied in giving its judgment were of relatively minor, if not of trivial,
importance.

That controlling stress was laid upon banking statistics, when
the figures employed were largely those of national banks
only and not those of banking as a whole.
4. That apparently no importance whatever was attached to
figures referring to trade and commerce and its movement
either in volume or value, although the law plainly suggests,
if it does not explicity direct, that the board should have
given first consideration to such movement of trade and
commerce and the consequent flow of exchange.
5. That it violates a prime rule of business to force any city of
greatly superior size and importance to clear its business
through a much smaller community, and especially so when
the general trend of commerce and business from essentially
all Parts of District No. 5 is to the northeast and to its largest
business centre at a seaport.
6. And for many other reasons which can be urged.

RESOLVED, That failing to obtain such rehearing at
the hands of the Organization Board, that appeal be made to
the Federal Reserve Board upon its appointment as provided in the Act.
RESOLVED, That Senators and Representatives in the
Congress from this State be respectfully urged to employ all
proper methods at their command to secure a review of the
decision made by the Organization Board and to otherwise
in such manner as they may deem wise to have justice done
the chief city of their State and of District No. 5.
RESOLVED, That the committee which called this
meeting of protest, which committee represents the trade interests of the city of Baltimore, be continued with power to
add to its number and with instructions from this meeting to
do everything within its power to give effect to these resolutions.

tis

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ECUTOR'S SALE
OF

"MORNINGTOT,"
VALUABLE COUNTRY PLACE
OF THE LATE
PHOFESSOR XAMES E.'GREEN,
NEAR TOWSON.
In pursuance of the power conferred upon it by
the will of the late James E. Green, the undersigned, Executor, will sell at Public Auction, on
the premises, on WEDNESDAY, .APRIL. 29,
1914, AT 4.30 O'CLOCK P. 11., this valuable
property, located in Aigburth Park, at Eudowood
Kitten, on the Maryland and Pennsylvania Railroad,• re, of a mile from Towson, consisting of about.
seven acres of land, improved by a large and attractive DWELLING, containing about •15 rooms:
heated by hot water and lighted by electricity; spacious lawn, with an abundance of shrubbery, shade
and fruit trees and an independent water supply.
Mrs. Green
The property is at .present occupied
Hee.
e,e be ,,,••,.
Ayinuna Station at 3

e • een ar es and St. Paul Sts.,
ON THE PREMISES
TTJESDAY, APRIL 28TH, 1914,
AT 1 O'CLOCK P. M.,
IN FEE SIMI'LE.
Improved by a'4-STORY DWELLING, containing 214 rooms, with bathrooms and modern conveniences, the lot having a frontage of &) feet, with a
depth of'140 feet to a 71-foot alley.
It is to be sold for the owner, who is living
abroad. Because of the contemplated widening of
St. peel street, the fepening of Courtland street
and the genersi•Improvement in its neighborhood
this ProPertY Presents a rare opportunity to one desiring:a large, and 'valuable house for business or
other puiTeees,
•
Terms, of Sale: One-half cash. balance on mortgage at 5 per cent, for term of years, or all cash,
sit purchaser's option.. Deposit of $230 required. All
exnenses adjusted to time of consununation of sale.
Interior can be inspected on application to Safe
Deposit and Trust C.ompany of Baltimore.
PATTISON & (1.4.11AN.
a14
Auctioneers.
_ .2.5.27.
Baldwin0i Sappin—wt
—
on,
-Solicitors,
Piper Building,
TR U sTie E'S SA Lie OF

TERMS or SALE: One-half cash, balance in
one year with interest, or all cash, at option of the
purchaser. A deposit of $260 will be required at
the time of sale. Taxes to be adjusted to date of
transfer.
SAFE DEPOSIT & TRUST CO. OF BALTO.,
•
Executor.
WILLIAM P. BUTLER,
al1,14,18,18,21,23,25,27,29x
Auctioneer.
FORMERLY OCCUPIED BY cOULBOURN
BY J. B. NYBURG.
BROS. COMPANY;
Also
STORE FIXTURES, M. T. CRATES COVERS,
Z. B. NYBURG, AUCTIONEER.
THE OLD RELIABLE AUCTION HOUSE.
PRESS,.IRON SAFE, ETC.
..
T
21_ NORTH LIBERTY STREE,
AND
BETWEEN BALTIMi/RE AND FAYETTE STS. ALL THE OFFICE FURNITvRE.'a FILING
CABINETS, TYPEWRITERS, CHAIRS, NATIONAL CASH REGISTERS, ONE SINGLE
WAGON, ETC.
By virtue a an order of the United States DisBY ORDER OF EXECUTOR I WILL SELL
trict Court for the District of Maryland, in bankWITHOUT RESERVE AT AUCTION
•
niptcy, the undersigned Trustee of Coulbourn
• THURSDAY, APRIL
THIS
10,
Brothers Company, a bankrupt will sell at publi
auction, on •the premises, 111' East Pratt street,
COMMENCING PROMPTLY AT 10 A. H.
on
Thursday, April 30, 1914, at 3 o'clock P. M.. all
PARLOR DINING. BED ROOM AND
that, lot of ground and the improvements thereon
LIBRARY FURNITURE AND EFFECTS,
situated in the city of Baltimore, described as folH. L. CONVERT, Executor.
lows:
Beginning for the same on the line of the south
ALSO THE UP-TO-DATE FURNITURE.
side of Pratt street at a distance, of two hundred
BRIC-A-BRAC AND FURNISHINGS
and thirty-seven (237) feet easterly from the southOF A CATONSVILLE RESIDENCE
IN VAST ASSORTMENT, YOU WILL FIXD easternmost corner of Sharp and Pratt streets, running thence easteey with arid bpitnding on Pratt
EVERYTHING TO FURNISH YOUR HOMES.
street twenty (20) feet, thence southerly with and
• SALE IN MY AUCTION SALESROOMS,
bounding on an alley (called Cypress alley), which
is one hundred and twenty-four (124) feet from the
southwest corner of Pratt and Hanover streets,
SALE POSITIVE.
J. B. NYBURG.
ninety (90 feet, more or less, to the northernmost
al4x3t
Auctioneer.
outline of a lot of ground leased by William R.
—...-BY P. B. 31IiiI.ER & CO.
Kennard by indenture dated October 29th, 1852, as
of record in•Liber E. D. V, Folio 474 of Baltimore
thence westerly bounding on said outline and
City,
Julius H. Wyman, Solicitor,
parallel with Pratt street twenty (20) feet, thence
719-722 FIDELITY BUILDING.
northerly to the place of beginning. IN
SIMPLE.
The Improvements consist of a large Three-Story
BRICK WAREHOUSE.
Terms of Sale, CASH. A deposit of $500 required
at time of Bele.
, AND IMMEDIATELY THEREAFTER
Lot of M. T. Crates, Cans, Ladders, Gas Heaterg,
Seek Salt, Butter''Nbs, Oyster Cases, Iron Sale,
Apple Press, Wheelbarrow, Burlap Covers and Bags
etc.; also one Single Wagon.
et.; also on3 Single Wagon.

VALUABLE FEE SIMPLE
• WAREHOUSE PROPERTY
No.111 WEST PRATT STREE'r,

• SPECIAL, SPECIAL SALE

21 N. LIBERTY ST.,

, RECEIVERS' SALE..
5 HANDSOME SHOW CASES,
NATIONAL CASH REGISTER,
ETC.,.
ALSO.,
STOCK OF JEWELRY,
FRIDAY MORNING. APRIL 17TH,
.
10 A. M..
210 HANOVER ST,. NEAR•PRATT.
.
• ISIDOR G-OLDSTROM.
DWIGHT M. LUDINGTON,
Receivers.
F. B. MILLER Sz CO.
Auctioneers.
BY PATTISON & GAHAN.

AND ON THE SAME DAY,.
THURSDAY, APRLI 30th, 1914
AT 10 O'CLOCK A. M.,
AT THE AUCTION ROOMS 0
PATTISON & GAHAN,
• 7 EAST LEXINGTON ST.,

THE FOLLOWING OFFICE FIXTURES, ETC.
Three Remington Tvpewriters, Typewriter Tabl
and Stools. Filing Cabinets, Roll-Top, Rtandin
anti Flat-Ton Deeks, Chairs, Costumers, Iron Par
tItion, two National Cash Registers, Trunks, etc.
etc. TERMS CASH
g. McCLURE ROUZER,
Trustee In Bankruptcy,
TRUSTEES'. SALE
Maryland Casualty Tower.
OF
PATTISON
VALUABLE FEE-SIMPLE PROPERTY,
& AGuAll
ctioneNers.'
118,18,20,22,25,27,29,30x
343 NORTH CALVERT STREET.
In pursuance or decree of the Circuit'Court of
Krele, Solicitor.
William
J.
Baltimore City in else of Kate A. Warren and oth2011
/
2 St. Paul street.
ers vs. Lawrence W. Warren and others, the undersigned, Trustees, will sell at auction, on the premSALE
TRUSTEE'S
ises, on TUESDAY, April '28, 1914, at 3 o'cloelc
OF
P. M., ALL THAT•LOT OF GR()UND, with imVALUABLE LEAWHOLD PROPERTY,
provements, in fee simple, described as follows:
ND. 13615 NORTH GILSIOIR STREET.
Beginning for the same on east side of Calvert
By virtue of a decree of the Circuit Court No.
street eighty-one feet northerly from the northeast
the undersigned. Trustee, veil
corner cf Calvert and Pleas3nt streets, and running 'of Baltimore City
auction, on the premises, on FRI
thence northerly boundieg on the east side of Cal- sell by public
4 o'clock P. H. ALL TEA
at
1914.
8,
DAY,
Has'
twenty-seven
feet;
thence easterly parallel
vert street
AND THE 151PROV EM EN
to'Pleasant street one hundred feet to Davis stret; LOT OF GROUND city
of Baltimore. described
in the
thence southerly binding on the west side of Davis THEREON
Beginning for the same on the east aide
ist,"eet twenty-seven feet. and thence westerly by a follows:
feet and 4 inches soutl
176
distant
street,
Gilmor
the
place
of
beginning,
straight line to
southerninoet corner of Gilmer and Preset
For title see Tiber A. M, No 256. folio 393. etc. • front the
thence south 16 feet and
Improved with large three-story BUILDING, with man streets, running
a rectangular depth eastwardly of
Store, running through to Davis street, and two inches, with
an alley 4 feet wide. Ground rent, $90, pay
large Halls and six rooms above, In excellent con- feet to
able semi-annnally. Also to the pant of the use o
dition.
William
Banks to Jana
Terms of Sale: One-third cash, balance in six and the north wall fromdilly
reeortied. Improvements
twelve months, or all cash, at purchaser's option. Sawn. May 19, 1883, DWELLING.
all deferred payments to bear interest frOm date of 3-STORY BRICK
cash,
One-third
balance
in sem
Sale:
Terms of
sale and to be secured to the satisfaction of the
Trustees: expenses to be adjested to day of sale. A installments, at S and 12 months, or all cash, a
deposit of two hundred and fifty dollars (5250) re- eurchaser's option; credit payments to bear intceeet
and 1:e seemed to the satisfaction of the underquired at the sale,
signed Trustee. A deposit of $100 required at time
JOHN M. CARTER,Chnetees.
• J. WE. KRRIS, Trustee.
•
of sale.
JAMES FLUEGEL,
PATTISON & GATIAN,
PATTISON & GAHAN,
Anotioneers.
al11,13,=„55,29,10,8„Sx
a4,7,10,13,14,18,I1,24.25,27.28z
Auctioneers.
John M. Carter,
222 St. Paul street:
James; Pluegel,
257 Calvert Building,
Solicitors.

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Federal Reserve Bank of St. Louis

40.1

sirA

BALTIMORE PROTESTS •40;i'vu*
WITH MIGHTY VOICE1

Regional Bank Injustice Denounced And
Rehearing Asked At Great
Lyric Meeting. )
,

HERSHEY RIDDLES RICHMOND'S CLAIM
Governor And Mayor
,
.i Urge Baltimor
Right To
et.
;
Fairer Treatment --- Jacob Epstein
aldo
Newcomer And Others Put Fowat:d Weighty
Arguments
Decision Deciered-Not
Warranted ByEvidence.
/1'6

THE CLAIMS COMPARED
Suspended .above the stage at the Lyric was a large sign setting forth in figures some of the reasons for ,Baltimore's claim
to better consideration for a Federal reserve bank. It read:
"FIVE TO ONE."
-A
Baltimore.
/
/White population
505,779
s/Bank deposits
$239,326,000
/Bank clearings
$2,011,447,000
okibing trade
$400,000,000
Manufactures'(Census 1910) establishments..
2,502
earners.
Vage
. 71,444
Products.
$266,931,537
Foreign shipments
$117,000,000
Assessed valuation of property
,$781,691,094

Richmond.
84,481
$47,519,200
$440,000,000
$80,000,000
380
14,849
$71,610,000
0
•
$148,768,790

Baltimore is seventh in the rank of American cities.
is thirty-ninth.

Richmond
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

as.

15
AUCTION SALES.
-

AUCTION SALES.

BY PATTISON tfc GARAN.

BY PAIVISON

MARBURY, GOSNELL it WILLIAMS,
SOLICITORS,

MARYLAND TRUST BUILDING.

RECEIVERS'SALE
OF
VALUABLE WHARF PROPERTY.
PIER 9/
1
2,LIGHT STREET WHARF,
AND VALUABLE LOTS ON LIGHT STREET, BARRE
STREET AND CHARLES STREET,
IN THE CITY OF BALTIMORE. FORMERLY OCCUPIED BY

GEORGE F. SLOAN & BRO.
AS A PLANING MILL AND LUMBER YARD.
By virtue of a decree of the Circuit Court of Baltimore City, the undersigned, Receivers, will sell at
public auction, at the Real Estate Exchange, 12
East Lexington street on THURSDAY, the 16th
day of April, 1914,
I o'clock P. M.,ALL THE
FOLLOWING PROPERTY. in fee simple, situate
in the city of Baltimore and described as follows:

CHA/Z7....E5 ST
:.6..

178 3
1_16HT

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Federal Reserve Bank of St. Louis

Mal

v Cn

street 47 feet and 744 inches to intersect a ft*
drawn easterly parallel to Barre street from the
northeast corner of the lot conveyed by Joseph 7117•
ner to Asa Needham by deed dated :Iune .90, 1837.
and recorded in Liber 'I'. K. No, 271, folio 195, etc.;
thence easterly parallel to the line of Barre street as
ea wieie
sIdociLi
less to
neghLs47etn184
rtio fieeed,.
on
pier?eard Hoe 49 feet. more or less, ?o intersect a line
dravrn from the beginning easterly parallel to Conway street as opened west of Light street.. and
thence westerly reversing said line so drawn and
binding thereon 185 feet and 6 inches, mote or less,
to the 'beginning.
The above pier is now occupied be the BALTI,
MORE STEAM PACKET COMPANY.

more or

LOT 2.
Beginning for the same on the west side of Light
street as recently widened, where it is intersected by
the division line between Lot No. 583 and Lot No.
590, as established by the City Commissioners April
11, 1818, between Henry Payson and James Williams.
if extended easterly parallel to Conway street, said
beginning being 165 feet and 3 inches southerly from
the southwest corner of Light and Conway streets:
and running thence southerly binding on the west
side of Light street, as recently widened, 178 feet
and 3 inches to Barre street; thence westerly bled'
the on the north side of Barre street 153 feet and
inches to the southeast corner of the brick building
adjoining on the west, being at a point 174 feet and
10 inches easterly from the northeast corner et
Barre and Charles streets: thence northerly binding
on the east aide of the east wall of said Wilding,
together with the right to use same as provided in
the deed and agreement between George F. Sloan.
etc., and Charles L. Marburg. etc., dated May 17,
1889, and recorded in Liber J B. No. 1242. folio 321,
etc., and sublect to the conditions contained in
said deed. 127 feet and 7 inches to the north end cf
said wall; thence still northerly parallel to Charles
street 49 feet and 4t4. inches to intersect the division
line between Lat. No, 583 and Lot No. 590 if extended easterly as aforesaid, and thence easterly parallil
to Conway street and binding'onsaid division line
so extended 145 feet and 9tg. !newt to the beginning.
Imnroved by a three-story BRICK PLANING
MILL. one-story BRICK BUILDING AND
STACK and FRAME SHEDS.
. LOT NO. 8.
Beginning for the alone on the east side of Charles
street where it is intersected by the division line
between Lot No. 583 and Lot No. 590, as established
by the CRY Commissioner's April 11, 1818. between
Henry Payian and James Williams, said beginning
being at the distance of 165 feet southerly from thy
southeast corner of Charles and Conway streets; and
running thence southerly binding on the east side of
Charles street 49 feet end 6 inches to the northwest
corner of the brick building ndioining on the south;
thence easterly binding on the north side of the
north wall of said building twether with the right
to tine same as provided in three agreements between Charles L. Marburg end others and George
F. Sloan and others—one dated October 13, 1887,
and recorded in Tiber J. B. No. 1183, folio 54, etc..
and the ether aro egted Mav 17, 1899, and recorded
•.
o.
olio 371, etc.. and 324,

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Aril 13th, 1914.

sir:
On

hs)hAlr

of the Chairman, I bog to

thank you for your courteous letter of
April 6th : with reference to the °electio
n
by the OrgaAzation Comittee of the loc:J
.tions for th.3 F363rA1 Reserve B:Inks.
Riln-octfur)y,

Secrotiry,
Reserve Bulk Orgallization Committee.

Mr. O. H. Leonard, President,
Lt:schange Nationla ritnk of TAsa,
Tulsa, Oklahwil.

--ED1P1-

IE BOARD HLE

Cory

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Federal Reserve Bank of St. Louis

l'REAJURY DIUDARTEMT
,

Tele,r7ram

tj 0
\IA
"

21'0 1,10

36 Blue

Dallas Texas Apr.11, 1914.

Comptroller of the Currency,
Wa:Thington, D.C.

The Central State Bank and Trust Company 0.17;ani:;ing appreciates the recognition given this city in the Regional Bank location and such action .:eets the .:arm approval of the business
interests of Texas.

Cengral State Bank and Trust Co.

244pm

CiTAILItTW-E--13-iTARD FILE,
c)
c
COPY

TRMSURY DEPARTL111
Telegram

25 WU 1.10 26 Blue
P

Dallas Texas April 10, 114.

Hon. Comptroller Currency,
Washington, D.C.

.Greatly pleased location of reional bank in Texas. Ask you
to please send us today blanks for Use of state banks in
qualifying as member bank.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Citizens State Bank and Trust Co.

• 402 pm

30AFID NLE1
\ FEDLiv ./43 L ESEIE 1,,

COPY

TREASURY DEPARTITNT
Teler;ram

1.10

22 Blue
Dallas, Texas. Apr. 10, 1914.

Hon Comptroller of the Currency,
Washington, D.C.

Texas banks unanimous in their pleasure at location of
regional bank in Dallas.

Please send us necessary blanks for

application for membership.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Farmers and ::,echanics State Bank of
Childress, Tr)x.

429pin

411411

10012
Usti
•

---._

/1)

JAS.R.M KINNEY, P R
W.M.LUCAS,V. PRES.
W. K.G1LSTRAP, V. PRES
L. L.CALDWE LL, CASHIER

Ti SHOMINGO, OKLAHOMA.

pr.

9, 1914.

Reserve Organization Committee,
Washington,

D. C.

Gentlemen:I am enclosing you copy of a letter I have just
received from the Secretary of the Oklahoma Bankers Association.
This is the senond of these letters I have received
in the past few days.

It seems that they are determined

to try to get the organization committee to reverse itself and
I send you the enclosed letter that you may see what be cause
of the protests from bankers in this section.
As for us we would be glad to see Oklahoma in one
District but feel that it is decidedly to the interests of
bankers in Southern Oklahoma to have a Reserve Bank at
Dallas rather than Kansas City.
We have the same Conditions as to crops and
and climate as the territory around Dallas and a Board of
Directors selected in the South West would naturally have
a better idea of the nedds and alOg rights of the banks
than a board of directors who would be selected by banks
living in Northern States.
For one I trust that no action will be taken
toward making ary change in our Pistrict that effects
(1.ic part of

he :Ante until the Reserve Bank is established
AlitAEB-52)
and it is prova to be to our interest to be in a Distrtnhu

APB 1"

with Kansas City.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Respectfully trnIxitted,
Cashier

RESERVE BOARD FILE
).

S.
16WU MO 81 Blue 10 ex

p:easurg pertartincrit
TELEGRAM

DALLAS Texas Apr 3

igitvEiCEIVE115/,m.
APR -8 1914

Reserve Bank Organization Committee,

Res. Bank Org Committee
Washington,D.C.

The people of this section deeply appreciate your action in locating
one of the Regional Reserve Banks in Texas and will do everything
within their power to contribute to the success of the bank in this
district. Our bank organized under the state law, desires to immediately become a member of the system and will use its influene to
induce other similar institutions to do likewise. Please mail necessary application blanks.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Henry D Lindsley,Chairman,
S J Hay,President,
Dallas Trust and Savings Bank
325pm

wreasixtil pepartincut
MO

24 Blue

HLE
iletkESERVE
) (4/
'
$
0.
1

TELEcaRAM

)

DALLAS Texas April 8 1914
Hon Comptroller of the Currency,
Washington,D.C.
Greatly pleased at location of Regional Bank in Texas. Please mail us
today subscription blanks for membership in Federal Reserve system.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Farmers State Bank of Italy,Texas

4418Wizzt,

A)16 1914
)(I

329pm

THE FEDERAL RESERVE BOARD
CROSS REFERENCE SHEET

File No.

•
Subject
A541".-

(
IAA_

SEE
File No.
Letter of(

Dated
Remarks

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

4. 4 „,,

•

1250
MILES OF
RAILWAY'TRACK

',111111
w.
1111111111111111

4110

WITHIN

75 MILES OF

POPLAR,
BLUFFS

coPP°Ck

W410LIESAI,E CiFtOCIE111-4
P

APR 1 4 1914
Hc,.'ston . ,Lcildoo i„daYetlisigiitili-I6:4
Wasb,ington, D.7%
Committee

Gentieffien:7

In reflecting over the location of Regional Banks, 'Te
are forced to observe that we were in luck to have some one to
6.nd•some one to consider, who made good use of their
1)resent,
knowledge of businass affairs.•
The Citizens of this State, as well as those in three or
four near by, ar,,'; indebted to you, and you are to be congratulated
for .aving the courae to follow your judgement.
The courage.displayed in following the course where facts
or 1,olicy,
and conditions only were considered, and where Politic
and
note
of
worthy
fact
a
was at least in the back ground, is
applause.
forth
brind
should
commendable to the extent that it
were it my good fortune to be a citizen of Tennessee,
:icE7issil4A, Arkansas, Ckiallonla, or Kansas, and knowing. conditions

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

4250
ALES OF

AILWAY TRACK

woll.
75 MILES OF /

III

POPLAR /
SLUFF7i
0
Lerr4,

IvI

t
_HI III

NCoRPOi,

WHOLESALE GROCERS
POPLAR BLUFF, MO.,

d,), and in Hissour.:. _Ls they are, I ccula
aidislove the selections.

not do else

Tie combined resources of 1,:issouri, are of 6rm:Jus
prop:)rtio, —ad .1111311 that is thanufactured, as well as much raw
matrial, i aistributed froth witflin ncr borders throuout tae
texxit,l'y —L.Lotted to its Regional 3anks.
For exam-1.1e, thouh a minor item, the value of Chickens
and E0s,produced in lassouri and sold is over fotty—million
dollars(.40 000 000 ) per annum.
Such product comes, to a large
degree from active farmers, and is indicative of the extensive
1,roducticil ± 1:vi material, and as we produce, must necessarily
exchan,e said lo,roduct for manufactured goods, wares and money,
among ourselves, and with others, hence the volumn of business
found to exist within our borders.
From what I know about it, would hazard a guess to the
extant that within the territories allotted to Reional Barks, of
per cent
ei„ty per cent of the manufactured goods, and a large

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

150
iLES OF
.ILWAY TRACK

C110111111
111
hd

VVITH I PJ

5 MILES OF
POPLAR
BLUFF

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

IBLIIM

4E174

Inllaa
i

.PY
gem*

te raw prc;ducts moving to points of consumption in suij
territory, coms from, or is handled by some Concern in
Missouri,

FERMI_ RESERVE, BOARb FILE
)

UNITED STATES DEPOSITARY

FRANK KNOX, Pncsuocnrr

ntirnnd

JAMES A .MUIRRAY,V.PREs.
W.F.EARLS , CASHIER
E.A .CULBERTSON,Assr.CAsu.
DcWITT KNOX .AsE,-. CASH.

11f 1of
ciPpi
r-T1-%300,0h
nit 11,4altr Crag

GLO. G.KNOX Ass-r.C.AsH.

April 6, 1914.

-6/
FEDER,,AL_ItANK_PEPAP.17,A,TIOSPMXTTEE

clfr
Washington, D. C.
Gentlemen: T notice adverse criticism in the public
press as to your selection of cities for Federal Reserve
Danks.

I believe this criticien is entirely unmerited,

and want to congratulate you upon the selections you have
made,

I believe they could not have been improved upon,

and believe in nearly every instance you have named the
cities that I named when answerinr, your communicatien regarding my views where banks should be located.
As stated to you, when I appeared before your committee
in Los Angeles, I am personally more than gratified that we
are assigned to the San Francisco bank.

I believe it will

be a creditable institution and can at least earn six per
cent, dividends on the stock.
If the bank had been located at Denver, do not think it
could have earned its operating expenses.
Ve4

espectfully,

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Federal Reserve Bank of St. Louis

sident.

FEDUALL RESERVE

ROYAL A.FERTIIS. PRSIOWNT.
C.C.SLAUGHTER,Vicc PRES.
E.M.REARDON,VicE PRES
E.J.GANNON,VICE PRES.
JOHN N.SIMPSON,Vice PRes.
A.V.LANE,VicE PRES.

BOARD FILE

:).t; N
G.H.PI TM
H.H.Smi
AHAG A

3623

ASHIER.
.CASHIER.
ASHIER.
T.CASHIER.
,ASST.CASHIER.
UN , AUDITOR.

THE A3WA1ICANXXCHANGE NATIONAL ISANV
CAPITAL S1,500.000 SIIIIOPLITS

1,000.000

wg„vi
rwr44663N

4/6/14.

171.61 Ill HO
rrr

• •;-

Hon. Joseph Tumulty,
Washincton, D. C.
Dear Sir:-

When in Washington last, on the Regional Bank question,
I had a

very pleasant visit with you and, as I notice there are

complaints being made in regard to the selection of some of the
Districts, I take the liberty of handing you herewith a clipning
from our paper, from uhich you will observe that the Texas selection is meeting with approval from all parts of the District.
I suppose the President received the telegram sent him from
our Clearing House, expressive of our appreciation of the Committee's
location of a bank in our City and State for this District.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Yours truly,

•
•

Mr.

falt1114,
SATURDAY, APRIL 4,

1914-TWENTY PAGES.

FEDERAL COMMANDER AT
TORREON DEFEATED BY VILLA.

' RETREATING URALS CONGRATULATE DALLAS
FIGHT AT SAN PEDRO ON REGIONAL BANK
PURSUING
CONSTITUTIONALISTS FINANCIAL MEN OF ELEVENTH DIS- OI
ENGAGE REAR GUARD, KILLTRICT GENERALLY ARE
ING ONE HUNDRED MEN.
PLEASED.

MANY ARMS CAPTURED TRINPI-1 Of SOUTHWEST

royP

Snares Is Quiet, Following Celebration and Eagerly Awaits- More

Former Friendly Rivals in Texas Are
Among First to Send Felicita-

News from Villa.

'tions on Result.

• Juarez, April 3.—The Constitutionalist
The selection of Dallas for one of the
pursuing force early today• engaged the
twelve regional bank reserve cities has
rear guard of the fugitive Federals at
met with popular approval from the
San Pedro, twenty-six _miles • east of
business interests of every section of
—Photograph by American Press Association,
Torceon, killing ,100 and capturing 1•23, the eieverith district. Bankers throughaccording to a report received late today
Gen. Refugio Velumeo.
out the Southwest have. not only wired
from Gen. Villa
their congratulations to The News and
Among the prizes of war taken in Torto the bankers of Dallas, but have exreon were four large guns, 1,000
pressed themselves, With e, few excepand thousands of rifles. The shrapnel
path of
the escaping Federals is marked with
tions, as completely satisfied with the seabandoned arms and cartridge belts.
lection made by the - committee.
Gen. Carranza talked freely to
reThe business interests of Fort Worth,
for
porters. 'Asked as to the significance
elle
of the capture of Torreon, he replied:
Houston, and other Texas cities in
ow,
"Its is of the greatest importance befriendly competition with Dallas for the
of
causd it sets us free to concentrate the
the
honor of being the regional reserve city
major portion of our forces around the
the
of this prosperous and rapidly developmore central cities of the Republic still
ovheld by Huerta with the knowledge that ing section. of the• United States, were
yehe no longer has a
northern
army
issamong the first to extend congratulaworthy of the name."
yle, NINE SAY QUESTIONS OF LEGISLAtions to Dallas.
All Quiet in Juarez.
as
Meseages were received from these
After the hysterical outbursts that
the
TION SHOULD BE DISCUSSED
.greeted newa of the fall of Torreon last
hcities which expressed appreciation. of
night, this city was preternaturally calm
the honor conferred, incidentally on Daltoday. It was the calm and refreshing
OPENLY.
las, but primarily upon- the Southwest.
sleep after a fever, for anxiety over the
Although the vessels of the so-callissue of the campaign has-been little less
id
Telegrams froth other sections of the
wooden-walled sealing fleet, of which
than a fever for the last week. Gen. eleventh district,
as it now stands, were
the Southern Cross was one, have bucked
Villa, perhaps taking a long deferred
ice fields with impunity and are regardequally optimistic regarding the beneWashington, April 3.—Nine members siesta himself, added little to his brief
ed as stanch ships, sealers say her cargo
bulletin
fits
of
which
the
last night.
of the Senate, headed by Senator Laestablishment of a reof 17,000 seal pelts would be an active
Greatest interest centers in definite ingional reserve bank in this section will
danger during a storm on account of its Folette, openly revolted against proceed- formation
as to the number of prisoners
instability.
ings behind closed doors tonight after
bring.
taken by the Constitutionalists. Villa
Hope for the safety of the Southern
last night said the Federal losses were
The•consensus of opinion, as expressed
Cross, based on a dispatch from Sidney, an executive session in which the Sen12,000
dead,
wounded
and
prisoners,
and
in the messages received from all secN. S., which stated that a wireless mes- ate, by vote of 36 to 27, confirmed the
it was assumed he meant that most of
sage had been received there reporting
Winthrop
M.
Daniels of
tions of the district, is centered in the
nomination of
these were prisoners. The report indithe arrival of the Southern Cross, was New Jersey to be a member of the Intercated a rout of the Federals so comidea that selection of Dallas is a victory
dissipated before noon, when the Gov- state Commerce Commission.
plete
as
to
be
almost
unbelievable. for the Southwest.
ernment, after several hours' inquiry,
Senator LaFollette declared on the
Villa's early estimate of his losses was
declared the Sidney report untrue.
floor that he proposed to defy the rules
500 killed and 1,500 wounded.
of the Senate in the future and discuss
Streets Almost Deserted.
publicly legislation not affecting forFROM TEXAS BANKERS.
eign relations and later it
was an- ' The streets here today were almost de_
FIGURES DISPROVE CONTENTION. nounced
that Senators Briatow, Cummins, serted and, while automobiles coming
Houston, Tex.,-April 3.—Your wire reClapp, Kenyon, Norris, Jones and Gron- from the American side were superficially searched for weapons, ttie restricceived. The selection of Dallas as lo'Underwood Tariff Does Not Affect na, Republicans, and Poindexter, Protion which compelled all to make a decation for a regional bank is beyond any
gressive, would maintain the same attitour around the home of Gen. Carranza
question only a just recognition of that
1
tude.
German Exports. According
city's merits viewed from the standpoint
was
removed.
The
precaution had been
The revolt created a sensation, and
of commercial and industrial growth and
to Reports.
there was much saieculation as to the' taken by Mayor Padres on the possibility
of
some
1
fanatic
assassinating the a well-deserved reward for the entereffect it would have on future executive
prising spirit of her citizenship. The
chief. Saloons and resorts
generally
sessions. The general opinion was that
great Southwest could not have been
were reopened today.
there would be no attempt to take action
Special cable to The News.
overlooked. In my opinion the commitTile news came too late last night or
against members who disregarded the
tee has made wise selection. We conBerlin, April 3.—Reports of declared
a fitting demenstration, although for a
rule of secrecy.
gratulate Dallass—J. S. Rice.
while the streets were thronged, whistles
y
German exports to the United States for
Bitter Fight for Confirmation. •
blew, bells rang, guns fired and every
Canyiin,
- April 3.—Per your telethe first quarter of 1914 are eloquently
leader
of the insurgent cause received
gram we think
Tex., the regional bank cornConfirmation of Commissioner Daniels
a disproving the German contentions.that
his share of "Vivas.' The silent gentlemittee showed good judgment. It's a
closed a three-day fight, marked by one
great asset for Texas, a great credit to
the Fatherland's trade interests would
of the bitterest debates heard at the. man with the dyed mustache who spins
Dallas and its boosters, an untold benethe marble at the roulette wheel in the
Capitol in years. Both sides contested
y
be only slightly, if at all, affected by
fit to the finances of the Southwest. All
Juarez Monte Carlo seemed to be the
determinedly, Mr
Daniels' advocates
s the new Underwood tariff. The increase
Texas should be proud of her recorlilonly person not excited.
having the support of President Wilson's
I
in several important districts over the
... T. _Lester, president Firs
well-known deaire that his appoiutee,
When the crow,c1' of players suddenly. ..ts,,Wn-, Ir,
t. first quarter is as high as 40 per cent.
desert,id.
him
Of
,
.
.n„the
eound
the-I:iditro
and
,friend
be
al
el
7.
4,
•'
.."
peracinel
e
s:aim'
3-8
ant'''.•
s The volume of exports
frAg Berlin MS- ova
call of victors' .he gaves the marble an- 1•
Paris, Ter.., April .3.—The selection of
delay. •
• trict S$4.;7t;,047)
then
Texas for the location of a regional
Opponents to the confirmation bsised - other- whirl fi ern shee, force of habit,
a thai -ot a year ago. A relatively larger but- none returned and', he alone of the
bank is a- declaration of financial indetheir Opposition on the ground that Mr.
cis increase has taken place in the Hainburg
habitues remained. I-le bought himself.. riendence for the Southwest. Panics
Daniels' views on the valuation of pub/ district.
a hamburger sandwich in the rear of -need no longer disturb us. Dallas is delic, service property were unsound. As
-Robert J. Thompson, American Consul
servedly - complimented by being further
the hall and when he went to pay for it
during the two preceding days, Senators
at Aid la Chappelle, a district wh e
designated as the Strongest center and
figures for the first quarter of t is
continued to insist that Mr. Daniels' found that both cashier and cook had
•
most important distributing point in this
deserted
with
the
rest.
year, $1,541,257, represent an 1ncreasjof
ideas as erpresaed in the decision of
great district.—Neville Brooks, cashier
In an hour, however, play was more
$451,228 over those of a year ago, ma es
the New Jersey Public Commission, of
National Bank.
City
and
furious
than
•ever,
the following observation:
fast
for
holders
which he was chairman, in the Passaic
of Constitutionalist money early realized "If, as indicated, the increase for the
San Antonio, Tex., April 3.—We cangas rate ease would make him danger1
that
their
currency
suddenly
had
inAix la Chappelle district is maintai d
gratulate Dallas on securing the regional
ous as a member of the Interstate Comcreased. in value and they were somethroughout Germany for a Year, or e n
bank for this district. We favored a
merce Commission at a time when the
what
richer
than
before.
approximately maintained, the UniCed
'larger district, including St. Louis, but
commisaion was fixing a valuation on
Dallas was our preference among Texas
States will be placed third on Germany's
railroad property.
Demonstrations in Juarez.
cities, and we are sincerely glad that the
list of foreign customers, followp-ig
Senator Hughes of New Jersey, called
While ordinary saloons and resorts
bank is there. It is good to line up with
Great Britain and Austria-Hungary in
back from a Congressional fight ir, his
Gato
were
closed,
the
Negro
restaurant,
Dallas for our great Southwest.--1-J. K..
the order named. American purchases
State, spoke at length in support of
with its cabaret, remained open and
Beretta, president National Bank of Comfrom Germany in 1914 are likely to run 'Mr. Daniels and was joined by Senators
thi
was
the
center
of
bacchanalian
merce of San Antonio.
close to $250,000,000.
Newlands. chairman of the Interstate
demonstration, but without disorder. • It
"These figures should effectively elimWaco, Tex., April 3.—The location of
Commerce Committee; Pittman and Wilexplained
.that
be
Gato
•
Negro
may
inate the argument that the tariff walls
the regional bank in Dallas is National
liams.
means "Black Cat
of the United States are embarrassing
of the fact that you are in
recognition
The opposition was 'nettled
by the
More sober citizene gathered in knots
foreign trade, an argument used extenthe city class to stay, backed by strade
patching up of the Split in the Demoin the 'streets, both here and in the
sively against German participation in
able to employ this large
amply
territory
cratic ranks Overnight They had conMexican strip of El raso on the north' additional capital. No event of late years
the Panama-Pacific Exposition. Albert
sented to postpenement of a vote yesbank of the Rio Grande, and talked the
significant
of 'this important
Bailin, saw these things coming with
more
is
terday, when victory was apparently in
matter over. They were to be seen in
clearer vision than the opponents of his
trend of money and business to the
sight, to allow Democratic Senators to front of the saloon; known as the "Friend
Rotan.
Southwest.—Edward
project credited him with. Considering
talk with the President about withdraw- of the Poor," the "Grocery of Good Faith"
the distance of the United States, on ane ing Mr. Daniels'
Austin, Tex. April 3.—,-We feel very
name after the nomiand other lowly gathering places with
one hand, and the absence of a British
'at the Southwest being
much gratified
nation had been recommitted.
elaborate Spanish names.
tariff, and the special tariff arrangerecognized
as a financial district. We
They
denounced the determination of
A demonstration of soldiers of the gar- congratulate Dallas being designated for
Germany and Austriament between
1
the Democratic leaders after a visit to
rison last night, who used their rifles. regional bank of Texas, and believe it is
Hungary, on the other, the United States
the White House to force a vote on con- aroused 'El Paso, eitizeps, who thought
may be considered Germany's best busia step forward for recognition in finanfirmation
as
little
short
of
bad
faith.
made
on
another attack was being
ness prospective and present customer."
cial centers in the East and will redound
Juarez. A number. of bullets fell on
How They Voted.
to extension of commercial interests.—G.
the American side.
The vote resulted as follows:
W. Littlefield, president the American
were deluged With inDwelling Burns In Cleburne.
National. Bank.
For conformation: Messrs. Brandegee, _ Telephone lines
quiries about tne disturbance in Juarez,
ST ECIAL TO THE NEWS.
Bryan, Dillingham, Fall, Gallinger, Gore
Austin, Vex., April 3.—Pride and gratiimpossible to get answers
Hughes, James, Johnson, Lee of Mary- and it was for aome minutes after
mingled with a deep feeling of
fication,
Cleburne, Tex., • April 3.—Fire dethe
central
land, Lewis, Lippit'Lodge, McLean, Mar- from
fill the hearts of every paappreciation,
esameatior slarted. The shouts of the
to stroyed the two-story borne,. of J. C. tin, Myers, Newlands,
triotic Texan over the recognition given
Oliver, Overman, trOops in Juarez could be heard plainly
Barnard at 1011 North Anglin street toby the • regional bank'
State
Owen, Page. Uerkins, Pittman, Pomeren
great
our
night. Theri_rocre saa D. 15)': McLarty was
committee. It is an evidence of the
Ransdall, Shafroth, Sheppard, Simmons, In- El Paso. hatless, coatless and in all
ic
Americans,
maged by fire. The home
censiderably
wonderful resources,
our
of
realization
Smith of Georgia, Smith of Maryland,
of W. C. is' ms was very near the fire, Swanson, Tillman, Townsend, Warren. 'manner of attire, rushed to the intergrowth and commercial developbridge in automobiles, on foot rapid
national
of which will build
but wassailly slightly damaged.
continuation
a
ment,
Weeks
and
Williams.
•
'mesas roperty loss
cars to see what was hap- for us one of the strongest and most
was less tlian
Against confirmation: Messrs. Ashurst. and in street
guards were called out substantial regional banks in our whole
Reserve
-00,' was partially covered by insurpening.
4
0
$3
Borah, Bristow, Burton, Catron, Chamit ance.
to hold the crowds. In a short time
United States.—E. P. Wilmot, president
berlain, Clapp, .'Crawford, Cummins
huraii eus oere crowding about the El
Austin National Bank.
Gronna, Hitchcock, Hollis, Jones, KenThe
United
bridge.
the
of
yon, LaFollette, Lane, Lee of Tennessite, Paso end
Belton Tex., April. 3.—We wish to
soldiers die not forbid ail?, perStates
WEATII ER IN Hu'vrioNs.
congratulate the suaaessful efforts of
Norris. O'Gorman, Poindexter, Smith of
them
but
advised
crossing,
regional bank, canmittee of Dallas
Michigan, Smoot, Sterling, ' Thompson, sons
the
against it.
bank for
Vardaman. Walsh -and Works.
in securing a Federal reserve
One bullet struck the roof of F: E. this
Dallas, Tex., April 3.—Weather
district, thereby - not only putting
The Senate voted down a - motion to
passed through and fell in
home,
a Naher
Nefra
giving
but
map,
Texas on the
forecast till 7 p. m., Sunday:
remove the pledge of secrecY as to the
a room of the heuse.
tional recognition to which she is richses'sion and immediately began considerDallas and vicinity: Local rains
adverfine
a
constituting
ly entitled,
ation of another
nomination ' behind
Sat:11*day, growing cooler at nighi ;
tisement and a material benefit.—Belclosed doors.
Sunday, probably fair and warmer.
- WANT CARRANZA RECOGNIZED. ton National Bank.
Discussing the, matter .after adjournCorsicana, Tex., April 3.—So far as the
ment. Senator LaFollette said:
East Texas: Local rains Saturpublic is concerned, it makes no differday. cooler southeast portion; SunLaFollette TlareWS Down Gaunlet.
Bor.
Along
Foreigners
Americans and
ence where a regional bank is located,
day. probably fair and warmer; gen'7 told the Striate I considered 'itsaaIts stock and deposits are owned solely
Torreon
of
Fall
That
reel
der
to
mistake
have
eirtisid,ered
t
he
tle ti) moderate east breezes.
nominaby °their banks In -the system and
tion behind clesed'''dOors, as '1 so relocation is of no consequence, since it
Means Early Peace.
West Texas: Local rains Saturgarded the consideration • behind closed
deals with jts own stockholders and no
day; Sunday, fair, warmer.
doors of all 'matters Connected with
one else.—lrirst National Bank..
legislation.
I
regard
this
Oklahonia: Local rains Saturday;
nomination as
Plainview, Tex., April 3.—We desire to
connected with-legislation, because the ,
El Paso, Tex., April 3.—The effect of
Sunday, fair, warmer.
congratulate Dallas on its success in secommission construes the legislation we the Constitutionalist victory at Torreon
Arkansas: Unsettled
curing one of the regional banks, which
pass. I served notice that if there was
Saturday;
was felt here in a stiffening of the marproves that the Southwest is a financial
Sunday, fair, warmer.
a rule of the Senate which prevented
ket for Constitutionalist money and in
district wortiVy of such consideration and
me from discussing the matter publicly, the beginning of a-movement to organize
, Louisiana: Local rains Saturday;
the logical center of this district is
that
.n
Mexico
property
in
I could no longer feel myself bound to foreigners owning
Sunday, partly cl 'dY.
in Texas.—J. H. Slayton, President First
observe it and was ready to take the to appeal to Washington to recognize
Bank.
National
consequence of my act."
the Carranza Government.
Ballinger, ,Tex., April 3.—The Virst
Senator Clapp said that executive ses,The latter idea origiea tea wish fo”-.^..r
sions, except to consider
Gov. Curry of ,New Mexico, but, hav. National Bank of Ballinger rejoices with
matters of
Dallas and the Southwest in the location
great public danger, were certain to be
ing placed the matter it Lee assias of
of a regional bank in your city. Texas
abolished before long.
leading Democrats to work out, as they
"In a great crials there would be no promised to do, he expressed a desire bankers are to be congratulated for their
and especially the splendid
trouble in keeping the
proceedings to -serve only in the ranks for the suc- co-operation
and intelligent efforts of the bankers of
secrets' he added, "but in matters such
cess of the movement. Gen. Carranza
as nominations the public is entitled to declined to comment on the movernent, Dallas in so ably presenting the advanknow what goes on and the public will
but there was much favorable comment tages of Dallas for the location of a
Federal reserve bank.—R. G. Erwin,
,now if some -of us have our way about in Juarez.
Cashier.
The news is said to be significant of a
if
the
revolution
is
that
sentiment
local
Big Spring, Tex., April 3.—Too much
carried to a complete success, the councan not be said for the judgment of the
Application Is Denied.
which
it
has
generally
ter-revolution,
locating board for regional banks for
Si ' 'U. TO THE NEWS.
locating one in Dallas. It is the logical
been predicted would follow, really
Washington, April 3.—The Interstate would not materialize.
point for the Southwest, geographically
and commercially.—J. I. McDowell,PresiCounter-Revolution Impossible.
Commerce Commission denied the apFirst National Bank, Big Spring,
dent
In this connection one of the most Tex.
plication of the Wichita Falls route to
prominent Americans doing business in
maintain class .and commodity rates beTex., April 3.—The attitude
Houston,
tween Dodsonville and Wellington. Tex., Mexico today said that the greatest
of Houston has been throughout conguaranty of peace which it is prophesied
and other Texas points lower rates than
Texas first and, though ourfor
sistently
would follow Constitutionalist successes
the rates concurrently in effect at inselves a candidatg,'we accept the situalies in the fact that the incomes of the
termediate points.
gracefully
and extend congratularich men formerly able to finance revo- tion
lutions to restore the old regime of spe- tions to Dallas. The allotted territory
is approximately what the Fort Worth
King for Pomtmnster at Abbott.
cial privilege have been depleted in the
convention of Texas bankers outlined
Ssectsr, TO THE News_
last four years to an extent which would
co-operated for. We will proceed
and
exceedingly
it
difficult
make
for
any
Washington, April 3'.—John W. King
now to work together for the greater
insurrection of any proportions to
was today recommended by Represent- newfinanced.
Southwest.—Beverly D. Harris, Counbe
a tive Beall as postmaster at Abbott,
Mr. Curry said he was convinced that tersigned B. L. Davis, Vice President.
Hill County, Tex., having made the sec- foreign sentiment upheld the belief that,
McKinney, Tex.. April 3!—A just tribond highest grade in the recent examina- recognition of Huerta being out of the
ute has been paid to the importance of
tion for that postoffice. W. H. Spradlin, question, the time has come for foreignDallas and .the Southwest in the official
making the highest grade, -declined to
ti
Hike the office.
CONTINUED ON PAGE 2, COLUMN 3.
CONTINUErroN PAGE' 5, COLUMN 3.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

U rs

the
ear
een
y's
ow
ber
ced
ur112
the
ex-

SENATORS IN REVOLT
AGAINST CLOSED DOOR

•

THE DALLAS

MORNING

MAY MAKE ATTEMPT CONGRATULATE DALLAS
TO REDISTRICT BANKS ON REGIONAL BANK
CONTINUED FROM FIRST PAGE.

CONTINUED FROM FIRST PAGE.

NEWS, SATURDAY,

families and now it is further recognized
by being made home of one of the
great financial institutions of the country.-W. L. Moody Jr., President CitY
National Bank.
Laredo; Tex., April 3.-On March 6 I
telegraphed the organization committee
that the unlimited resources of Texas
were just beginning to develop ample
reason to establish a regional bank in
Texas. The selection of Dallas is convincing proof that Texas is coming into
her own; that Dallas is the commercial
centei- of the greatest State in the Union.
-H. W. Brown, cashier Laredo National
Bank.
Fort Worth, Tex., April 3.-Location
of the eleventh regional bank is a fitting recognition of Texas and a high
compliment to Dallas. It means very
much to the State 'and a great deal to
Dallas. Am sure Texas banks will do
everything possible to make the institute successful aside from the compulsory
features of the law.-William G. Newby,
President American National Bank.,
Wichita Falls, Tex., April 3.-No Texan
within whose breast throbs the true
spirit of patriotism can fail to ge gratified to see a Texas city named as one of
the twelve leading cities of America
as a suitable location for one of the
regional reserve banks. I congratulat
the citizens of Dallas for their great
achievement and felicitate with the entire citizenship of our great State in
havin gancordd to us this most deserved
recognition, firmly believing it marks a
new epoch in our history.-J. A. Kemp,
President City National Bank.

recognition given by the reserve bank
organization committee, and a great impetus to development along all lines will
be given to the territory embraced within the geographical lines of District No.
11. The selection of Dallas as the location
for this bank will undoubtedly be very
pleasing to the great majority of bankers within--the designated district because of its central and accessible location and its many undeniable advantages
in all lines of commercial, agricultural,
and
financial activities.industrial
Howell E. Smith, Cashier First National
ye
Bank.
.‘
Amarillo, Tex., April 3.-Congratularegional
tions on selection of Dallas for
bank. No event, political or financial,
of past decades has so significantly
marked the crowning recognition of the
Southwest as the bank -location just
made. The bringing to our doors of untit
limited discount facilities and a safe and
S.
flexible circulating medium must immensely stimulate development of untold
d,
grazing, agricultural, mineral, manufacFROM OKLAHOMA BANKERS.
rturing and commercial possibilitias.-W.
sH. Fuqua.
nDenison, Tex., April 3.-The' Regional
McAlester, Ok., April 3.-Bankers and
ly
Reserve Committee has recognized, as other business men here congratulate
he
the result of personal contact and in- Dallas in landing regional bank and
vestigation, that the territory known as showing the balance of the country what
ur
the
Southwest has commercial and agriand demands.
ecultural interests in sufficient volume the Southwest has, wants
capital
he
to entitle it to recognition. It will en- This will do more to influence
else
anything
than
investments
seeking
the
facilitate
able Texas to finance and
and
Dallas
for
ng
movement of all crops, encourage the de- and spells prosperity Southern Oklasurrounding.
country
should
ve
velopment of her industries, and
Million.
homa rejdices with you.-E. C.
te
stimulate business generally. It's the
ed
big ad on the front page for Texas.
Ardmore, Ok., April 3.-Selection of
dG. L. Blackford, President.
Dallas for regional bank places your
a great
Dublin, Tex., April 3.-Not in our his- city in attitude of guardianship,financial
for the
oso favored trust imposed on Dallas
been
Southwest
has
the
tory
on
welfare, a great section of the Southas with a regional bank for Dallas. It west, and your financiers have a spiel.0will greatly benefit our small banks, our did opportunity for development of 1,, •
he
stock men and our farmers. It is a big progressive system of banking and tee
athing for Texas, and a bigger thing for Industrial and commercial affairs of this
of
AND
CRITICISED
DEFENDED.
Dallas, and I heartily congratulate the
las
district.-C. W. Stuart, President Ardmen who have been instrumental in se- more National Bank.
ocHigginW.
Approve
-R.
and
Senators
this
plum.
Representatives
curing
rich
olArdmore Ok., April 3.-Dallas is to be
botham.
and Disapprove Reserve Bank Cities.
congratulated upon securing the locaBy the Associated Press.
Coleman, Tex., April 3.-The impor- tion of one of the Federal reserve banks.
nnd
Washington, April 3.-There was every
tant position of Texas in financial affairs Your city is ideally located to Serve
and will
lye
indication here tonight that the anof the Southwest was manifested by the this great Southwestern country
section of
ing
action of the organization committee in be very convenient for this First Nanouncement of reserve districts and
President
the designation of one of her cities for Oklahoma.-D. Lacy,
cities by the reserve bank organization
ich
a reserve bank. Her ever-progressive tional Bank.
the committee had given the signal for a
people are and should be appreciative
Durant, Ok., April 3.-We believe the
our
of this mark of recognition. Her fu- committee chargcd with the duty of
determined struggle upon the part of
led
will locating the regional banks displayed
prosperity
and
development
ture
several cities which were disappointed
emphasize the wisdom of the committee gocd judgment in creating district No.
in- to overturn the committee's decision and
in its location.-L. E. Collins, President 11 and locating its bank at Dallas. The
ces
bring about a redistricting of the counFirst National Bank.
establishment of this unit under the
ght try, or at
Long-view, Tex., April 3.-The desig- new currency law gives to the Southleast a change in the reserve
comes a branch of the Dallas reserve
at cities
and the financial
named.
bank.-Joshua H. Rayndlds, President
nation of Dallas as one of the regional west the recognition
Us
enjustly
is
it
which
independence to
Under the law the decision of the orFirst National Bank.
reserve cities is a well-merited compli- titled and marks the beginning of pu
ganization committee is not subject to
Roswell, N. M., April 3.-Development
et- review except by the Federal Reserve
ment, not only to Dallas but to the en- era of great forward movement in its
OUT
recognition by development. To mention only one of
of irrigation, providing for growing,
tire Southwest. Such
Board. This board probably will not be
and marketing live stock in
fattening
farter
be
will
feel
Government
Federal
the
we
it,
named by President Wilson for several
the benefits to flow from
ht, weeks, but in the meantime it is believed
the same district, taken in connection
reaching in its results and tend toward that our interests can be better served
developed agricultural,
already
have
the
hithwe
than
with
development
greater
add
g
that those disappointed with the comby a bank located in the cotton-growin
erto known.-T. C. Morgan, President section, managed by a board of directsrs
fruit growing, manufacturing, mining
of mittee's announcement will bend every
and relationship
interests
lumber
and
First
Bank.
National
bauk
effort toward paving the way for
who understand the needs of a
with trade interests in Mexico, which
hi- changes.
Bonham, Tex., April 3.-Naturally we when the cotton movement is on. Dallas
to base, will
closer
financed
be
can
now
for
stiIt was pointed out tonight that both
desired a regional bank for Texas and and The News deserve great creditmap.
make one of the strongest banks in the
of Secretary of the Treasury McAdoo and
putting the great Southwest on the
Slaughter.
M.
prewhy
many
-George
reasons
we
are
there
Dallas.
system at
has Controller of the Currency Williams of
ferred Dallas as the city of its locaa -B. A. McKinney.
we the organization committee are ex-ofApril 3.--a:e!' insider action
Carlsbad, N. M., April 3.-The selection
Ok.,
'
Poteau,
tion.
We
are
We
pleased.
are
almost
ni- ficio members of the reserve board and
as jubilant as we imagine the Dallas of regional bank committee in selectof Dallas for location of a regional rehardly could be counted' upon to reverse
people to be. All hail, Dallas the first . ing Dallas for location of regional reserve bank, thereby recognizing the cornthemselves. The President has given no
deserved recognition of
well
bank
serve
Scarthe
of
B.
city
-A.
Southwest.
nrcial importance of Texas, means much
as
the
to
other
five
who
hus intimation
borough, President First National Bank. -splendid city in a magnificent country, to the entire Southwest, emphasizing as
members will be.
utSouthwest. This recognition by Nathe
it does the superior productive capacity
Tex.,
-In
April
3.
Cleburne,
common
ent
Criticism in Congress.
aional Government of our financial poof this comparatively newly developed
OUT
with all Texas bankers, I wish to express sition should attract desired capital and
The committee's plan was criticised.
section over more populous competing
ers, in Congress today and there were remy high appreciation of the action of the lend new stimulus to our already rapld
States.-John R.
otcommittee in making Dallas one of the development and substantial growth.- districts of the older
ports of keen disappointment from sevJoyce.
• its eral cities which were in the race for
regional reserve cities. It proves that .T. M. Sorrels, President First National
Texas is being recognized in the comAlamogordo, N. if., April 3.-First, we
reserve banks and which failed to secure
mercial world and coming to the front Bank, Poteau.
ave
are satisfied the Southwest has been recthem. Three members of the Senate
3.-Personally I am
April
Ok.,
second,
Ada,
han
financial
in
P.
West,
-F.
strength.
PresiBanking and Currency Committee, two
of ognized in forming the district;
dent Farmers and Merchants' National very much pleased with the selectionthe
nks Republicans and
a
entirely satisfactory with us to be in
Democrat, found
of one of
location
the
for
Dallas
do a
we
Bank.
third,
and
district,
MY
fault with the plan.
banks. However, I am the Dallas
business' with Texas cities and
Senator Weeks of Massachusetts, who
El Paso Tex., April 3.-The selection Federal reserve
that Oklahoma would large half
feel
to
inclined
the
from
is
rats opposed the law vigorously for many
population
of our
of Dallas for location of regional rebetter to have been included about
the
months, but who finally voted for it,
serve bank is a just recognition of the have fared in one district. It means a grand old State of Texas, who--are natwhole
as
a
formation.
ave pointed out that one bank was located
financial importance of the great Southurally pleased with this
for Dallas for her to be
re- ir
orgia, the home State of Mr.'Mcwest. Dallas is peculiarly well situat- great firture
Charles E. Mitchell, president First Naa
of
center
financial
the
as
recognized
the
one in Virginia, the home State of
ed to serve all interests of the eleventh
tional Bank.
country progressing and
Villiams, and two in Missouri, the
on."
reterve district, as outlined and the secsion of :the
Gallup, N. M.,. April 3.-We congratuis the territory included
home State of Secretary Houston, the
designation is highly satisfactory to the des:Moping as
Southand
South
late Texas and Dallas, and with all the
The
11.
third member of the committee. He
business Interests of El Paso.-U. S. in District fared well so far under the great Southwest take pride in the rechave
west
of
the,
selec-,
propriety
the
,questioned
Stewart, President City National Bank.
ognition by the regional committee of
Federal reserve act.-A. G. Adams.
tions and made other criticisms of the
Sun Antonio, Tex., April 3,-I was
a financial district. It
Antlers, Ok., April 3.-The Antlers Na- the Southwest as
nti- committee's action.
in
of
originally
a
favor
number
smaller
pleased at the se- Is our opinion that under the new curSenator Burton disapproved the incluof stronger banks with tional' Bank is -highly
and
of
districts
country will come into
the
system
rency
Souththe
serve
to
which
of
district
sion of Pittsburg in the
more diversified interests, but since the lection of Dallas
-McKinley
Cleveland is the reserve center and dewest in the Fedetal reserve banking srs- a period of great prosperity.
to
decided
committee
organize
the
full
Bank.
County
could
section
be
this
would
impossible to
clared that it
iled
tern. In our opinion
of
twelve
banks
I
number
am
glad
that
any other
Clovis, N. M., April 3.-We congratumake trade turn westward from Pittsof
Texas gets one and consider Dallas a not be well taken care of from
burg to that city. Senator Hitchcock
late Dallas upon being designated as a
very suitable place for its location.-J. point.-M. D. Jordan, Cashier.
rict pointed to the fact that Omaha had been
for one of the regional reserve
point
to
allotting
Hobart, Ok, April 3.-In
N. Brown, President Alamo
National
banks. The conditions within the DalH. included in the Kansas City district inDallas a regional bank the committee
Bank.
can be handled easily from
district
las
en-, stead of the Chicago district and said
its first
Brow nwood, Tex., April 3.-The recog- has given the grcat Southwest
s of trade did not flow that way.
recognition long withheld on account of that point. The Southwest has been fully
the
nition
of
Southwest
as
a
regional
rewarded accordingly.and
recognized
are
Committee Is Defended.
It is
district and a regional bank in Dallas lack of knowledge of its needs.
S. A. Jones, president First National
ant
Defenders of the committee said there
for our country than any certainly pleasing to know that the
more
do
will
aws
way to Bank.
was no justification for the charge that
improvement of recent years. This ter- trend of finance is working its
this
tion
Albuquerque; N. M., April 3.-In my
it was influenced by other consideration
ritory will become practically independ- the seat of production, and from
should
aint that the trend of trade and the banking
period
crop-moving
the
on
opinion the regional bank committee pertime
ent financially and will progress and
s.
profor
referring
the greatest
advantages of cities chosen. In
formed its duty in a most admirable
develop as it has never done before.-T. ,hav-e no terrors
ducing district ire the United States, the
to the choice of Richmond, it was said
manner. The great Southwest heretoC Yantis.
great Southwest. The portion of Ok- fore apparently so little known to the
that, although comment was expected
Beaumont, Tex., April 3.-The location lahoma allotted to the Dallas district Easterners, is now in position to impress
because of the fact that the city is the
in Dallas of a regional bank is a, gratirejoice that they are to be with its importance upon the country.
We
home of Mr. Williams, the committee
fying recognition of Texas and the should
those who can thoroughly understand
are delighted to find that we are in a
ov. was unanimous and Richmond would
The territory included in
Southwest.
been named over Baltimore and
existing here, and I believe regional district of such great wealth
have
conditions
tion
the Dallas district is prosperous and is that the committee acted wisely and
Washington if he had not been a memand future possibilities.-J. B. Herndon,
growing rapidly. The Dallas regional
Tniber. •
well.-F. T. Chandler.
president State National Bank.
bank should prove one of the most usefolSo far no definite plans for any fight
Tishomingo, Ok., April 3.-We heartily
Deming, N. M., April 3.-We are more
ful and satisfactory in the entire Federal
ms, against the committee have been aired
bank
regional
the
of
action
than pleased with the action of the Rereserve system.-John C. Ward, Presi- concur in the
in
here and there is practically no way for
designating Dallas as a gional Bank Committee in its designain
committee
dent
First
Bank.
National
such a fight to be undertaken except
regional reserve bank city, and are glad
tiob of Dallas as our reserve city. The
Taylor Tex., April 3.-Locktion of a
through the reserve board. It was sugfor the fact that they have seen fit Southwest district will he best served
bank at Dallas is a great victory
regional'
Let gested tonight, however, that members
our city in the district. We as our interests are all in common, and
include
to
to
undertake
provide
might
Congress
for Texas and Southwest; splendid
I be. of
feel that this is a long step in the right our wishes in the matter were evidently
banks for their districts bA having the
recognition of the productive developcold
direction and is a recognition that has fully observed by the committee.-II. H.
number of authorized reserVe cities inment and financial strength of this secbeen due the Southwest for many years. Kelly, president Deming National Bank.
tion. Banking resources and commercial
creased.
thin
our congratulations for Dallas.Accent
importance of Southwest brought to atto
.T. W. Owen, President First National
tention of the whole world. CongratulaOKLAHOMA WANTS KANSAS CITY.
Bank.
FROM ARIZONA BANKERS.
tions to this section, Dallas and commitAltus, Ok., April 3.-Am pleased to
tee for wise selection.-Francis
_---.....
for
Bankers Are Only Partially Satisfied
Welch, President First National Bank. learn that Dallas has been selected
that the
regional bank location and
With Committee's Report.
, Clifton Aria., April .----It affords us
e
Ennis, Tex., April - 3.-We naturally
in
included
district
is
whole Southwest
to accept Dail as the center of
pleasure'
SPECIAL TO THE NEWS.
r
feel much satisfaction over the selection
No. 11.-J. A. Henry, President First
the financial district o the Southwest,
of Dallas for a regional bank, which
Oklahoma City, Ok. April 3.-Oklaoan
National Bank.
through the action of the regional -bank
h
puts her in a class as. distinct as New
tock
homa City bankers are only partially
committee, and we think it will be ii:Paula Valley, Ok., April 3.-Dallas was
York or Chicago. As our financial
Ed
satisfied with the district in which they
ith,
foe
building
aiding
institutions
in
our
and
strumental
of
choice
first
the
parent, we feel safe for the future. May
have been placed. They had contended
one, of the most resourceful sections tug
regional reserve center, and we rejoice
her enterprise be rewarded with healthy
sso- for Kansas City as their reserve city
our great country.-N. M. W illiamor
that it has been selected and that we
financial growth beyond her expecta,000. for some time. They are not sanguine
I's
and busiPresident First National 'Bank.
tions.-g-A. H. Dunkerley, President Ennis are in its district. Banker's
aier, now of securing a branch of the re3n
gratithe
deserve
Dallas
of
men
ness
Nogales,' Aria., April 3. -We had hopf,
Bank.
National
on
extreme
are
the
they
serve bank, as
tude of entire Southewst for securing
..Y
‘
that El Paso would be .lesignates as '
Y of southern line of the district. They want
San Angelo, Tex., April 3.-In the its
as an independent firecognition
zgr
regional center, as we lot ileve such a ho
sing
selection of Dallas for location of rea branch and are protesting on that
district.-Tom Grant, President
nancial
would
better
the
serve)
in
cation
tereser
00.' score.
gional bank to serve District No. 11, the First National Bank.
Texas,
Western
Arizoha
of
and
d
Nes,'
organization committee has exercised
It is pointed out by bankers of the
Chickasha, Ok., April 3.-We approve
Mexico. We are opposed re the 'region:
most excellea judgment and evidenced
southern part of Oklahoma that the DalDallas by
of
recognition
the
in
located
being
highly
bank
very
Nirie
Dallius.-First
far-reaching knowledge of the wonderlas reserve bank will tend to draw the
committee in giving
tiolial Bank.
ful resources of the Southwest. It is the regional bank
ebusiness relations between the people of
and have
rney that part of the State and Dallas closer
very gratifying to me and should be to Federal banks in the Southwest
rea'son to believe that the growing
every
of
State
Texas.
entire
-M,
alL.
have
the
Mertzi•
relations
of
social
d the together as the
Southwest will take hold with renewed
FROM LOUISIANA BANKERS. fy
ways been. South of the Canadian River
Fort Worth, Mc, April 2.-The or; energy after having been favorably reclosely
more
_becoming
is
aIn Oklahoma
ganization committee paid just tribute
membered by the Government through
,500; allied to Texas, which was the original
to the great Southwest in locating a the reserve bank organization commitCrowley, La., April 3.-T egraint
home of a great many of the Oklahomans
bank in-Texas. In its area
reserve
Federal
tee.-Ben F. Johnson, Vice President
ts, of that section, and this relation will be
ceived. Am naturally, of cc4ursc, gteat.
population and capital, the Eleventh Dis- First National Bank.
disappointed that New
ly
rleans welts
a
result of the
more closely drawn as
trict is not the least among the greatest.
trict, creation of the reserve district that is
not named as a regional bafik city, but\
Sulphur, Ok., April 3.-We are much
Dallas is worthy of the honors she has
of
reregional
location
cent. centered at Dallas.
and
Dalla
to
congratulate
wish
the .
over
pleased
won. Her competitors in the contest acSouthwest for recognition sh wn by acserve bank, in which we will hold our
At a special meeting of the Oklahoma
cept the results in the best humor and in
recogfitting
a
is
It
hank
regional
of
--P.
L. a
tion
membership.
committee.
City Clearing House Association, called
extending congratulations promise corSouthwest as an important
Lawrence, President First National Bank
by President William Mee, a committee
dial support and co-operation.-First nition of the
natural
is
the
Dallas
district.
Crowley.
of
financial
was appointed consisting of Messrs. Mee, National Bank.
lroad
center of a large territory, and will beEd Cooke, Frank P. Johnson, Colin CampTerrell, Tex., April 3.-It is the big. come more important as a center in the
St of
bell and Daniel W. Hogan. This comW. B. Allen, president American future.-Park National Bank.
mittee is to urge that the Kansas City
11 way
National Bank, Terrell.-It is the bigterritory be amended to include
the
Frederick, Ok., April 3.-The action of
laced
thing Dallas ever pulled off. All of
gest
southern half of the State west from the
the regional bank cbmmittee in recograilthe banks in Dallas territory worked for
Johnston
Pontotoc,
of
and
Marline
east
the Southwest was very gratifynizing
ation
this city. No other place in the district,
especially so in designatshall Counties, so as to include those
f San
probably, would have been accepted as ing to me, and
Roger
Mills,
Beckham,
Greer,
I predict a great future for
and
three
Dallas.
railwillingly by all. It means a better han- ing
Southwest.-J. L. Blair,
the
and
Dallas
rest- Harmon, Jackson, Kiowa, Washita, Cusfor
this district,
of the cotton crop
First National Bank of Fredter, Caddo, Comanche, Tillman, Cotton, lding
f the
a better understanding of the needs of President
Jefferson, Stephens, Grady, McClain, Garerick.
banks in this section at that time, a
vin, Murray, Carter and Love.
well
Coalgate, Ok., April 3.-Very
facilitating of business because of the
accessibility of the central influence pleased with selection of committee.
a
Will
be
better.
been
have
financial
the
not
Could
condition.
It
moderating
ti
N EW ORLEANS WILL PROTEST.
benefit to all.-First National Bank. '
means that any bank with good collatin
to
and
that
there
money
get
will
can
eral
New Orleans, La., April 3.-A call for
Hugo, Ok., April 3.-We are glad of
be no excuse for stringency. It will the opportunity to be placed in District 0
Pure
a mass meeting tomorrow night to promean fewer correspondents in New York 11 with Dallas as a regional reserve
test against New Orleans not being inlyses
and other distant cities, far away when
Fi
cluded in the list of regional bank cities
city. We think that this is one of the
have
needed most. It will mean more corres- greatest things that could have happened
was issued here today at a meeting of
e of
re
The
Dallas.
Dallas
and
News
in
pondents
heads of commercial bodies, business
our Southwest country.-R. D. Wilbor,
andto
are to be congratulated, for it was The President First National Bank.
men and bankers. Those at the meet11 be
one
any
other
than
influmore
News,
re
ing today agreed that the protest should
Chickasha Ok., April 3.-The designaence, that has brought Dallas success in
ge
contain the charge that politics entered
as one of the regional
this matter.-W. B. Allen, President tion of Dallasis positive proof of the
by
largely into the selection of regional
points
bank
National Bank, Terrell.
American
in
defining
also
and
the
discities
bank
importance of the rapidly growing city
la
Galveston, Tex., April 3.-Galvestori
your
tricts.
and
country,
Southwestern
this
to
tw
rney
banks and our citizenship generally re- citizens are to be congratulated on their
National
Robert Ewing. Democratic
Committeeman of Louisiana. sent Presijoice with Dailas, Texas and Southwest enterprise and hustling qualities.-T. H.
the
by
reFederal
accoroea
en
in recognition
dent Wilson a telegram of protest, in
Duyer, President Chickasha National
icon
serve organization committee. As these
which he said "the ommission of New
Bank.
Disfuture,
the
as
for
districts were planned
Orleans as a regional bank city is indetted
well as for the present, the selection ;a
fensible" and ended by saying "E hope
indication that Secretaries McAdoo and
you will use your great Influence and
CO
FROM NEW MEXICO BANKERS.
Houston agree with us in our belief
error."
obvious
this
corrected
have
to
concerning the great aeveiopment that
' Sol Wexler, president of the Whitneyis to come to this section. Texas has
Central National Bank. said at the meetmuch
on,
3.-Very
April
M.,
"V.
Albuqueque.
furnished Cabitet officers, foreign Mining: "Selection of bank cities in the
IVE
pleased over the decision of the Curisters and many of big financlal instituSouth bear every eridence of political insigrency Commission, provided El Paso betions In East, with men for their official
fluence."
but
In no sense Government banks
while operated under Government supervision they are the same as any other
banking house, therefore will seek independent quarters.
Stephens Defends Committee.
Congressman Johh H. Stephens of
Texas was one who came to the committee's defense tonight, indorsing the selection of Richmond.
"I indorse the selection of Richmond
as recognition of the old Southern States
of the -Atlantic Coast and favored it over
either Washington or Baltimore," said
he. "Both of those cities are out of
the way. The naming of Dallas as reserve center in the Southwestern district
will make it the Southwest's financial
center. Texas already has the second
port of export, and I am informed led
last year in new construction, and is
leading in railroad mileage, live stock
and cotton. Texas is on the threshold
of greater development, and its industrial activity will attract much capital
that has been going in other directions."
"The naming of Dallas as the reserve
bank city and the making of Texas the
center of Southwestern districts, places
both Texas and Dallas on the financial
Map," said Representative Jack Beall.
"It will permit the resources of that section to meet business requirements in
place of our having to depend on New
York and other money centers. With the
operation of the new currency bill there
will be a great revival in business, the
promotion of numerous 'industries and
an era of general prosperity
will be
abroad not only in Texas, but the Union."
Representative C. D. Carter of Ardmore, Ok.: whose district is in the territory assigned to Dallas, said at first
that he favored Oklahoma City as a.
reserve, but that Dallas will give general satisfaction.
"Our business relations have been cordial, and will continue so." he said.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

I. ,

D. F.CONNOLLY,VICE PRES,
H. F. SI NC LAIR,VicE PR sr.
OH. LEONARD,VICE PRES,

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

P. J WHITE, PRESIDENT
E. W SINCLAIR,VicE PRESIDENT
A. T. ALISON, CASHIER.

C. V. R E I D. ASST CASH.
A. NEWLIN, Assr CASH,
0. F. MACON,AssT CASH.

9658

CAPITAL 8e SURPLUS $400,000.00

•

14i _L

APR .16
W14
lies,. Bank
arg

Mr. W. G. McAdoo, Chairman,
Federal Reserve Board,
Washington, D. C.

Committee

Dear Sir:
As President of the Tulsa Clearing
House Association we have just wired you, as
follows:
"The Tulsa Clearing House Association endorse your action and
wisdom shown in the location of
the Regional Banks"

is. B 14 W4

Iii

While we would have been glad to have
seen Oklahoma all in one Regional Bank District,
yet at the same time we realize fully the responsibility that was placed upon the Committee
and believe that you have outlined the Districts
to the best of your ability with the information
that you had at your command.
We believe that
the Districts as outlined should be maintained
until the banks are fully established and let
the future demonstrate whether or not any changes
should be made.
Yours truly,
TULJ_ CLEARIEG HO "

President

S'N,

ja
•-

Ir,re:113urv‘ pepartment
TELEGRAM

5P0 MO 43

TULSA Okla Apr 6 104 1.1
\\\
W G 6Ado l Chairman,Federal Reserve Board,
it' \

Cofltfltt
Res,, Bara Org

Washington,D.C.
The Tulsa Clearing House Association endorse your action and wisdom
shown in the location of the Regional Banks

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

0 H Leonard,President,
Tulsa Clearing House Association
1151am

nk llete 1,St.finiel.

in 14
uP
I

GRICULTURALIMPk

WARDWARE T1

WAGONS,BUGG'ES,
STOVES,
RANGES ETC.

HARNESSeSADDLERY.
PLOWS, IRON AND WAGON MATERIAL,
CUTLERY WIRE NAILS, BARBWIRE ETC.
CAPACITY 240 CARS.
DIMENSIONS 100 FT. SY 300 FT,TWO STORIES.
FLOOR SPACE 60,000 SQUARE FF.er

1312 WASHINGTON ST
TELEF'HONE NUMBER

204

il 4, 1914.

C AreW

.c)-\\IniTE na.,
kS
APR -7 , 1'
1914

Hgn.

Rye.. T. Tumulty,

APR -5 1914

Washington, D. C.
My dear Mr. Tumulty;-

Res. Bank Org Cog-mate?

I notice the morning papers
contain list of reserve cities and was glad to
see Atlanta in the list.
I hope the President has had
an opportunity to read my letter of March 3
If not your kindness in bringing it to his attention in plenty of time for his consideration will
be duly appreciated.
Sincerely,
41110

z ibA/24-ii.
)(

/16i6e-Z,7 ieic,tee
http://fraser.stlouisfed.org

Avtai=t,

Federal Reserve Bank of St. Louis

/e,,e

Ae7-77-%

"27~2e,e
zee
/be

Lz_447 4viz 6eee

e
,a\
f

O.
NANkx•A L‘x
4:444:0;01:10:.
CAPITAL :-.
-- SURPLUS S100 000.
$150.or,R.E.FIUFF,PREsmcwr

(040p&N'c7ii
‘,0
•
4

1914
Res. Bank Org Comm.:tic_

Hon. W. G. McAdoo,
Secretary Reserve Organization,
Washington, D. C.
Dear Sir:

I wish to express to you and to your associates
on the Reserve Organization Committee my appreciation
of your action in locating one of the Reserve Banks
at Dallas.
I believe that the importance of Texas and the
interest of the adjacent States placed with us in
District No. 11 are sufficient to insure the hearty
co-operation of the Banks of this Section, and a
profitable operation of the System so far as this
Section is concerned.
While, of course, we were most interested in the
locaticn of the Bank to which we ourselves will be
tributary, I, desire further to state that in my judgment
the Committee has performed its work with reference
to selection of the entire number in a manner that cannot
fail to be commended by fair thinking men who are not
directly interested.
Of course, I can readily see why cities like
New Orleans, Denver, Omaha and Pittsburgh, and others,
who were not favored, should be disappointed, and
even impugn the motives of the Committee, but it was
a foregone conclusion that you could not pleasearerybody,
and that some must be disappointed, and I think that
your work as a whole will make toward the success of
the System.

Yours respectfully,
REM MM

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Federal Reserve Bank of St. Louis

171„

President.

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Federal Reserve Bank of St. Louis

EDI-Jit\LSVE1313P3D 1- ILE

'07'
‘

2, 1915.

Dear Sirs.
Your letter cf.:Arch )1st
_

clodressed to Eon. Chas. J. iTamlin,

Governor of tho 2elera1 Reser'

oard, ep2rev3inG your views with

rc.41.C. to tho matter o-f trmsforrinti; a portion of the Niuth Distri
ct
to the 3evonth District, aa4 been received.
Ma Board is glad to have this eaTrossion o2 your opinion,
i1chvill bo of assistance in enablii: It to mz,dh a decision in
the ratter.
Thanirir you for your cm:nes:7,
73.33rot±1111 f770

Secretar7.

H. H. Potter, -rociaent,
Comm)vcial :;atioml Bank,
:ond dm Lac, ais.

00
FEDERAL RESERVE BOARD

April

1D150

Au lottor,
Pro3iatual, 2ho ,kr"cloroi-Al
iirktionnl
da 14649 Abe
delr Jir:
By 41,.-14.t1..Ya

'.7re

ul in

hie abeonoe, I to; t) 2.15nor.-f1ed.,;e -;rar
letter of i21)A nit,

to %113 petitian

of cortlin banks in :lac:mein.

Zcrmr 14-

ter will IA, lmedi-ttc:Ay rlferro4 to tl'.!q3
Federal ieeerve 2G-17a.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Vory trai7 yolarat

irtrate .;e0rot3r7,.

...vim= um.. won•[140.C.C.0•00.

No.60I5

1
IVED
CAPIT

H. R. POTTER, PRESIDENT
HENRY BOYLE ,.VICE PRESIDENT
AG. BECHAND, 2?E' VICE PRESIDENT
M.T. SIMMONS, CASHIER
ASST CASHIER
F. A. BOYD,

r k3O N\113

Ahl:IgV0t441-\j C-

7:2 1915
ro 'S OFFICE

FOND DU LAC,WIS.
MARCH
THIRTY FIRST,

1915.

Hon. Chas. S. Hamlin, Governor,
The Federal Reserve Board,
Washington, D.C.
Dear Sir:I understand that a petition has been sent to The
Federal Reserve Board, asking that a certain portion
of the Ninth District, including The Fox River Valley
and this city, be transferred to the Seventh or the
Chicago District.
While the petition signed by these banks may seem almost unanimous) I have every reason to believe that
the majority of the bankers in this district do not
quite understand the advantage it is to them to belong
to the Ninth District. In fact I have talked with
several who signed this petition and they, I believe,
signed because the banks in Milwaukee are so anxious
to have a branch of the Federal Reserve Bank located
in Milwaukee. This will be impossible without having
the banks in this district changed to the Seventh
District.

The advantages to us are so much better in the lanth
District than they could possibly be in the Seventh
that I think if the advantages were presented to the
bankers in this district that they would re-consider
their decision. Chicago does not need us at all. The
great Northwest, including Montana and the Dakotas, needs
the surplus money that we have here to develop the farming interest in that large territory. This bank for one
would be very sorry indeed to see this district changed
and we hope that The Federal Reserve Board will give
the matter very serious consideration before they make
any change.
Very tru

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Full text of Records of the Federal Reserve System, Record Group 82 : Boundaries of FR Districts: Commendation, Box 268, Folder 1

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