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Federal Reserve Bank of St. Louis

122.5-12 - Tennessee Appeal
Boundaries of FRDistricts

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Federal Reserve Bank of St. Louis

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(72
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R _DERAL RE.CJIVE CIVID FiLt

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„..yvev•Ii

•rLry

1915*

:Tor„Irtible Joseika
Byrne_
of .tepreisenttivee.
3car .r. Byrne:
yoar note of ?ebraittry
-.,e 'lave rarct,cly
cztcj

your c notlti-

thoir ;-euition nibi,•:; with-

dr:..17n wit'actit

rjw11cc,

x

r-A, it my

,be renewed IA L..ny tiro, if. ori
tier find thz.t tiv.y 'irt.1 to filo thelr
•otition
V0I:7
.

sincleredj sroare,

e
(1,53gned) C, S. Tiam1in-3
14
overnops.,7

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SIXTY-THIRD CONGRESS.

RECEIVED

JOHN J. FITZSERALD, N. Y., CHAIRMAN.
FREDERICK H. GILLETT. MASS.
SWAGAR SHIIRLEY. KY.
JAMES W. GOOD,IOWA.
CHARLES L. BARTLETT. GA.
FRANK W. MONDELL, WYO.
JOSEPH T. JOHNSON,S. O.
CHARLES R. DAVIS. MINN.
ROBERT N. PAGE. N. C.
WILLIAM M. CALDER. N.Y.
GEORGE W. RAUCH. IND.
WILLIAM 8. VARE. PA.
JOSEPH W. BYRN% TENN.
THOMAS UPTON SISSON. MISS. WILLIAM H. HINEBAUGH. ILL.

FEB 2 3 1915
COMMITTEE ON APPROPRIATIONS,Govesii8
OFFICE

HOUSE OF REPRESENTATIVES,

EUGENE F. KINKEAD, N. J.
WILLIAM P. BORLAND. MO.
GEORGE WHITE, OHIO.
JAMES MC ANDREWS,ILL.
BRYAN F. MAHAN.CONN.
WOODA N. CARR. PA.

WASHINGTON, D. C.

JAMES C. COURTS. CLERK.
MARCELLUS 0. SHE'LL),
WILLIAM A. RYAN.

February 22, 1915.

ASSISTANT CLERKS.

Honorable Chas. S. Hamlin,
Covernor, Federal Reserve Board.
:
My dear sir
I am in receipt of a telegram and letter from the
petitioning banks of Robertson and Montgomery Counties in
Tennessee, tequesting that their petition for a transfer from
the Sixth to the Eighth District be withdrawn, with the privilege
of said banks to either renew or refile same at any time within
the next two years, if the facts or their interest prompt them
to take such a course.

I enclose the telegram her with.

After

a full conference bet*een these Banks and the President of the
Federal Reserve Bank at Atlahta, this course was mutually deter—
mined upon,

In order to give the present arrangement a try out

and see whether or not these 1)etitioning banks could be accommo—
dated under the present arrangement.
on February 25th.

The hearing was to be had

I presume the banks will not be estopped from

renewing their petition later on, if they come to the conclusion
that the facts and conditions justify it.


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Federal Reserve Bank of St. Louis

Yours

y truly,

r

WEgTE,,

UNICN

Form 2138

WESTERN UNION

TEL
GEORGE W. E. ATKINS.

NEWCOMB CARLTON,

VICE-PRESIDENT

RECEIVED AT

P S'AM
BELVIDERE BROOKS. VICE-PRESIDENT

PRESIDENT

HOUSE coRg!Fym,
PHONE BRANCH a51
-

Rb 60 BLUE 2 EXTRA IH
CLARKSVILLE TENN FEB 20TH 15
J

bYRNS
M C WASHINGTON DC

PETITIONING BANKS ROBERTSON AND MONTGOMERY

COUNTY HAVE ENTERED AGREEMENT

WITH EXECUTIVE COMMITTEE FEDERAL RESERVE BANK
PETITION BEFORE FEDERAL RESERVE BOARD WITH
FILING ANOTHER PETITION FOR CHANGE OF


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Federal Reserve Bank of St. Louis

PRIVILEGE OF RENEWING OR

LOCATION ANYTIME DURING NEXT TO

ACCORDINGLY WITHDRAW PETITIONRESERyIUG THIS
RECORD WITH COPY TO US

ATLANTA TO WITHDRAW OUR

RIGHT TO USE IN THE

HAVE WRITTEN YOU
CLARKSVILLE NATIONAL BANK
AND ASSOCIATES
256P

Form 40

,

• TELEGRAM
FEDERALL

/

RESERVE

raERVE BOARD FILE

BoioRc),-

WAS H I N GTO N

anisry

4
4 0
gederel 145*- 77a ,c,e- t1
atit
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9/1 41
s
-Your toleeract, Tt staI ba stAlsfsic,or:i; 1J4. 04 iiotr41 ta hay• ilotitionerd
withdrwit request tor preaftlt heertug witilout
=kw

lutyo zn1

dispoile of tile :natter

OFFICIAL BUSINESS
GOVERNMENT RATES
CHARGE FEDERAL RESERVE BOARD


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Federal Reserve Bank of St. Louis

tO

Intsr /ate..

tar:

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FEDERAL RESERVE BOARD
Febrtv.try 20, 1917—

My dear.overnor:In answer to the attached I would
suggest reply substantially to the following
effect:
"Your telegram. It will be satisfactory to the Board to have petitioners
withdraw request for present hearing without
prejudice to any rights they may have and to
dispose of the matter at a later date".

Very sincerely,

Hon. Charls S. Haly.lin,
Governor.

5e-47

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Federal Reserve Bank of St. Louis

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$
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,

• to rev:ow peti;:ion

1th1

if t4oy oo da2ina tiaiu

is 4greeabla


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Federal Reserve Bank of St. Louis

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(.:11/1.1xsniti:.•

POSTAL TELrGRAPH - COMMEPCIr\L CABLES
RECEIVED AT
'OSTAL TELEGRAPH BUILDING
1345 PENNSYLVANIA AVENUE

WASHINGTON, D. C.
TELEPHONE: MAIN 11E100

The P:51311elc:j,iph C3b1:

DELIULZY NO.

TELEGRAM

eNd

ef

(IncorecratEd)transims and dElivers thr, nessaL'e subject t: the tErtni 3no conditGnE prir.:Ed an the b3ck of this blank.
- D81GI PATUITII.

18W—W50

107-agth

434pm 58 Govt.
21 Atlanta Ga.feby 19-15

H Parker Willis, See ly. Federal Reserve Board,
Wanhn DO
Governor. Mc-Cord had conference with bankers of Clarksville and
sPrinfield Tennessee they have agreed to withdraw their p'ebition
to be transferred to Stlouis district provided they have right to
renew petition within two years from now if they so desire this is
agreeable to us

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

M B Wellborn Chairman

POR•


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Federal Reserve Bank of St. Louis

BONV%D

, CD

/ebruary 17, 19

dear Congressman:71th further refereme to the subjedt
of your call this morning, rhs:a yoaopy of the
rel)ly brief submitted by the Federal 24serve
Bank of Atlanta in the matter of the petition of
certain member banks of 17Cnnessee to be transferred from the 3ixth Pederal :asorve Diut4ct
to the 3ighth
hamded to you, you ro informed tht copies or this brief have been forwarded
Cie Atlanta bank to each of the four mel71er
banlo signing the petition.
If an attorney has been wopoillted
to argue this case orally before the Board, I
scald greatly appreciate your sending me his
name, in order that a cogy of the Brief may b.3
forwardod to him also.
aespectfully,

Honorable Joseph
Byrne,
R0U33 of Representatives,
[adhington, D. C.

iL

/*•. J22

•

EX-OFFICIO MEMBERS

CHARLES S. HAMLIN. GOVERNOR
FREDERIC A. DELANO, VICE GOVERNOR
PAUL M.WARBURG
W. P. G. HARDING
ADOLPH CHILLER

WILLIAM G. McADOO
SECRETARY OF THE TREASURY
CHAIRMAN
JOHN SKELTON WILLIAMS
COMPTROLLER OF THE CURRENCY

FEDERAL RESERVE BOARD

H. PARKER WILLIS, SECRETARY

ADDRESS REPLY TO

WASHINGTON

FEDERAL RESERVE BOARD

February 17, 1915.

My dear Congressran:
I .,:tm enclosing herewith a copy of
the reply brief submitted by the Federal Reserve Bank of Atlanta in the matter of the
petition of certain member banks of Tennessee
to be transferred from the Sixth FederEd Reserve District to the Eighth.
Copies of this brief have been forwarded by the Atlanta bank to each of the
four member banks signing the petition.
If an attorney has been appointed
to argue this case orally before the Board,
I would greatly appreciate your sendng me
his name, in or2;er that a cou of the brief
may e fcrarded to him also.
Respectfully,

Secretary.

Honorable Joseph W. Byrne,
House of Representatives,
Washington, D. C.

Enclo.


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Federal Reserve Bank of St. Louis

FERAL RESERVE BANK
•
OF ATLANTA

ATLANTA, GEORGIA
M. B. WELLBORN

Feby 15, 1915

FEDERAL RESERVE AGENT


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

Sir:—
Replying to your letter of Febyl3, our Counsel, Mr.
Hollins N. Randolph, has, today, hnnded me copies of briefs
in the case of Tennessee banks petition for transfer to the
St. Louis District; and, informs me that the originals were
mailed to you on Saturday the 13th inst.
Respectfully,

Cha
of th
oa
Federal Reserve Agent.
Mr.

Parker Willis;Secy.,
Federal Reserve Board
Washington, D. C.

H.

RECEIVED
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FEB 1?

BOARD FILE

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

F.Ibruary 13, 1915.

?!r. M. B. Wellborn,
Federal Rosary° Agent,
Atlanta, Georgia.
Sir:
Inasmaah
the hearing of the oral arguments in the matter o the petition of certainTAnnvsee,Lba,_nkl,to be transferred from
your district to the St. Louis district, is
le.iTs than two -ieeks off, T wish you would have
your counsel file rely briefs at once.
These briefs were due on January 7, and
I Kould like to urge that you cive the
tter
your immediate attention, in order that copies
may be mailed to the petitioning banks.
Rot2rectfully,

F_Iecretary.

OFFICERS
M.B.WELLBORTHE BOARD.
CHAIRMAN OF N,
BROWN,
DEPUTY-CHAIRMAN.
MCCORD,
GOVERNOR.
GILES L.WILSON,
DEPUTY-GOVERNOR
W.H.TO0 LE,
J. B.PIKE, SECRETARY.
MW. BELL,ASST CASHIER.
CASH IER.

DIRECTORS

BOVV.T.
JOS. A.

B NO VV N. GA.
HAT
FIESEBV CILLYCFGMACO GA.
13/\
W. H.K ETTIG,
BIRMINGHAM. A.
J.A.MCCRARY, A.
P.H.SAUN 0DECATUR, A.
NLw ERS, ANS,
L
ORN,
)
ANNISTON,ALA.
COW. T.

wr.

Tr

FEDERAL RESERVE B

OFFICE OF

GENERAL COUNSEL.

OF ATLANTA.

El ,FT I
:.AISS.

on

..tZE

February 13, 1915

LINS N. RANDOLPH
OFTHE FIRM OF

00414
0
Ge5W

0s0-17,
MR

Secretary,
Hon. H. Parker
Federal Reserve Board,
Washington, D.C.
Sir:—
Herewith I have the honor to transmit to
you, pursuant to the rules and regulations of the Federal
Reserve Board for such cases made and provided, twenty copies
of answer and brief in the matter of petition of certain
banks in Tennessee, viz., First National Bank and Clarksville
National Bank, of Clarksville, and Springfield National Bank
and Peoples National Bank of Springfield, to be transferred
from the' Sixth to the Eighth Federal Reserve District.
This matter has been set for hearing before
the Board on February 25th., and inasmuch as the time is short,
I have taken the liberty of sending one copyof the same document
to each of said banks.
Very truly yours,

ae,.„,Le-tz4A
General Counsel.
R/s
Enc1.20
By express.


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Federal Reserve Bank of St. Louis

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—". 1-ILE

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GLI1/11.


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Federal Reserve Bank of St. Louis

February 6, 1915.

Mr. M. B. Nollborn,
:
,
FederIl Pe! erve A! ant,
Atlanta, Georgia.
S i r:
You are hereby notified\that al etated
in clfliao letter of January 25,' copy of nhich
is encloned, thiTE6WiTIFF6TM1 argumenti tn
ths Yratter of the petition of co -tin Tennessee
Inta to the
banks to be transferred from the Atl,
tclon postponed from
St. Louis district, han
Febrlary 17 until February !:S, as requested in
your lettr of Linuary 16.
This hearing will be cl'd in the office
)
0 7 the Federal Rwlerv - Boari, Treasury Building,
Walhington, 14*, eleven o'clock.
'ill you plea'ie have your counsol for. rard reply briefs as soon as posnible, so thJt
a coy may be forwardel to the petitioning
ban'is?
Resrectfully,

Cecretary.

Enclosure-

•
LD


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Federal Reserve Bank of St. Louis

00:7.

Jamaarr 25, 1f)

Dear ar:
Raf1).1 :plee is nada to yryar lettr of January
,
_
16th)
raforriac to thii poti ion of oortairi .1111:banke to
,
be tranaZarrea from 11.3 Atla4.. to ti

Louis Itta4

triot.
This heariFic hal boon sot for :?ebraarj 17th and aot
.
foz :Feb:ozary 151th

211

inlicatcid In pAr letter. "rciir:nf:''

q-c.ott a porArJewmnt to "fobrau 25th„ tho rw,A,11 lvAng
that yaareoo1 i

o'alic& to atto:1C. the UaltA.

Court , f Appeals in Yew Orleass, on Pebraary 15th.
)
The 3oard is advisod by counsel that the reason f.:ivon
with yoar .7ovest for d postponement is a lecla o
tho Bord tivy:oi'oro taros pleasao

grantin:. It,

i_;o0r4tarj.
a 3. AllbOrn,
AOsnt, .12odr23.
-

Atlants,

G.

zk

;2

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

___ ----FEUEML rirEcts).:...rtVE

\-')

-2

February 4, 1915.

Sir:
You are hereby notified that the hearing in
the matter of the petition of the Tennessee bankn,
sot for February 17, has been 7)oot00nod until Feb—
.
ruary 25, 191.
This potponoz;ent is made neoesF;ary ,t;ca:6, e
s
of t-ria fact that the Count3e1 for 'trio 11.1anta bank
has been 13ummoneci on a case in liew 01-1eanso
ue hoo.ri:24 will be held in the office of the
Federal Resorve hoard, Tveasurj Depart:neat, Wash—
ington, Do Co, at eleven otolociEo
Respeatfully,

Socretar;io
Hone John K. Shields,
United. States Senate.

r',13 ifli.E

4

BoVia,a

V1U.\

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,

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e

Ifr4/1714/#
1915,
—
February 4,

Sir:
You are hereby notified that the hearing in
the matter of tie petition of the Tennessee banks,
set for February 17, has been postponed until
February 25, 1915.
This po3tponement is mcle necessary because of
the iu:A that the Counsel for tho Atlanta bank has
been summoned on a case in New Orleans.
The hearing will be held in tho office of the
Federal Rosrnivo Board, Treasury Dopartnent, Wcshington, D. C., at eleven o'clock.
Respectfully,

Secretary.
-Isvillo National Bank,
4)roside,it, CL_I
Clarksville, Tehnesses.


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Federal Reserve Bank of St. Louis

7-0-Cte/-

1


http://fraser.stlouisfed.org
AMEN=MFederal Reserve Bank of St. Louis

_
.TESER.VE LJi:j1D FILE\

6;7'
rebruary I

1915.

Sir:
'Lou are hereby notii'ied that the hoarinc in
the matter of the petition of the "ainnoosco
sot for Februar7 17, h(c.s been postpond. until February

5, 1915.

This poatpone.:ri3nt is maCe nees:;c:xv b(lczo
of tho fact that the Counsel for t4hc; Atlanta bank
has been suramonod on 4i. case in Ner Orleans.
The hoarin:; will bo holO in the office of to
Fedrul Ecs7x-Irc: Bozr, Treafpary Dep,artluoat, Washington, D. C., at eleven o'clock.
Rospactfallw,

Secretary.
President, Farmers
& Trust Co.,
"2onnosoce.

4


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Federal Reserve Bank of St. Louis

'FILE
FEDEML ilLSEFIV BCITID
•

Feruary 4, 1915.

Sir:
You are hereby notified that the hearins
in the matter of the petition of the Tennessee
banks, sot for Fobruarj 17, has been postponed
until February 25, 1915.
This postponeent is made ziecossary because
of the fact that the Counsel for the Atlanta bank
has been summoned on a case in New Orleans.
The hearin1. will be held in the office of the
Federal Resorve Board, Treasury

Denartment,

Vkohinton, D. C., at eleven o'clock..aWshinto,
Respectfully,

Secretary.
President, First National
Clarksville, Tennessee.

411AP


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Federal Reserve Bank of St. Louis

VII.E\
livilVEME TiOi-s,411)
1::EVERM..
i1
\-1
i
••••;/ .---'-.--••-t

Febraarw 4, 1915.

Sir:
Yaa are hereby notified that the hearin

in

the natter of the petition of the Tennessee banks,
Set for February 17, has been postponed until February 25, 1915.
This postponemen., is made necessary because
of the fact that the Counsel for the ,Itlanta bank
has boon summoned on a case in Now Orleans.
The hearin

will

e held in the office of the

Fedora Rescrve Board, Treasury Department, Taish
ington, D. O., at eleven o'clock.
Re9pectfull:i,

Secretary.
President, ?irot Tmst & Savings Bank,
Clarksville, Tennessee.


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Federal Reserve Bank of St. Louis

FEMAL FaL.RVE 30A0 Fill
\

Febriary 4, 1915.

You are

ereby notified that t'he hearinz in

the natter of the petition of the Tennessee bwiks,
set for February 17, has been postponed until February 25, 1915*
This postponement is made necessary because
of the fact that the Counsel for the Atlanta bank
as been summoned on a case in row Orleans*
The hearinL will be hell in the offics of tho
Federal Re Board, Treasury Departmout, Washington, De C., at eleven o'clock..
Respectfully,

Secretary*
Prnsiclert, Northern 11.:..nk of 7onnesseo,
Clarksville, Tennessee.

i6 U7—
ke

BOPSID, fiLf.
rEUrt...2rtilL M.:SERVE

BOWAN


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Federal Reserve Bank of St. Louis

/

February 4, 1915.

Sir:
You are flereby -notified that the hearing in
the matter of the petition of the Tennessee banks,
set for February 17, has been postponed until Feb—
ruary 25, 1915.
,mont is made necessary becaume of
This poEitpenr
the fact that the Counsel for the At/ante bank has
been sumnoned on a case in New Orleans.
The hearing will be held in the office of the
Federal Reserve Board, Treasury Departmcmt, 7.
iLgton,

D.

C., at eleven o'clock.
Respectfull,

Secretary.
President,
Peoples National Bank,
Tonnosseo.

)J-ciil

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

You are hereb: notified that the hearinL in
the matter of the petition of the Tennessee
set for Febrmzrl 17, has been postponed until Feb

This postponement lc made neeossar:7 became
of the fact that the Counsel for the Atlanta bank
has been lik'4mmoned an a case in New Orleans.
The hearins. will be held in the office of the
Federal ReseJ:Ne Boar, Treasury Department, Tras4in6ton, De C., at eleven o'clock.

Pre4ident, Robertson County Bar:z. & Trust Co.,
Springfield, Tenmessees

Be
riES5VE
\FEUD-W.

NAVETTE1

:
et


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

,
jj241/14.
February 4, 1911..

Sir:
You are hereby notified that the hearin

in

the matter of the petition of the Tennessee bank3,
pet for February 17, has been postponed. until February 25, 1915.
This Do:Aponemont is made necessary because of
the fact that the Counsel for the Atlanta bank has
been summoned on a case in New Orloans.
The hoarinG will be held in the office of the
Federal Reserve Board, Treasurw DepL.rr:1t,

ash

ington, D. C., at elevon o'clock.
ROSTIOCtfUlly,

Secretary.
President, Springfield National Bank,
Springfield, Tennessee.

PEDERAL RES, BOARD
Washington

Jaluary 29, 1915.

Copy of letter sit?,ned by &I. :oC. Martin
and Rolla Wells.

CHAIRI:AN.

COEPT
,

GOVERNOR.

L ER.

LR.EILLER,

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

ETARY.

VIC

,.QV

NOR.


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Federal Reserve Bank of St. Louis

FEIBRA.7, REdaRVE 11117(
CF
T. LOUIC.
January 26th, 1.A.5.

Iron. C. 3. liamiin,,Governor,
Federal Reserve Board,
'.:ashington,

r. C.

Dear Governor Hamlin:The 3oard of Directors of the Federal Reserve an of
5t. Louis has been advised that on February 17th, 1915, therewill
come up for a hearing before the 3oard the petition of the Counties
of .:,tewart, Montgovery and. Robertson, of Tennessee, for transfer
from the Atlanta ristrict to the Lt. Louis District.
The adjacent counties to tl,e north, in ,(entucky, are now
a part of tkit District No. C and, together with these three counties
in the Atlanta District, form what is known as the "Black 7obacco
Patch". The demands for money to carry this crop are rather peculiar, and these three counties cuite naturally do not like to be
separated from the adjacent counties, whose rice is are known by the
5t. Louis District and can be easily supplied by this District.
These three petitioning counties doubtless feel that they are rather
far from :ctlanta, and believe that their interests would be best
served b:,7 not having the "Clack Tobacco fatch" divided.
The 3oard of Directors of the Federal 1- eserve Bank of
3t. Louis has instructed the Chairman of the Coard and the Governor
of this bank to say to the Federal Reserve Beard that it would be
pleased to receive these • counties into District No. 6, and to explain that it ',mows the peculiar fleets of these three counties, is
able to meet them, and that it does not believe it will disturb the
equilibrium of either the Atlanta District or the t. Louis District
if they are included within the limits of District No. e.
Respectfully,
KcC. 1:artin,
Chairman of the Board.
Roila
Governor.


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Federal Reserve Bank of St. Louis

JnotpAry 28, lc:15.
. r. Lairtin:
i have) ths note or Jtnunry
2(theigned
hy yourerdf

ind:;ovvrtlor

11

.ountioo of Acnnoccon dfi
cirin

u to tim
to be trute-

forro6 froA thn Atlanta
Dirtrict iu
Louis Antrict.

te t.

I shall Gull Win -tc 4143

ettontion of tAe t*ndorai f.stlerv
o
ry simmrely yours,
gned) C. S. Hamlin,

Oevernor.

"r-m. goC.
rtip, -el..
Ft,derni 'ieserve AcInt,
ct. Louie, .10.

FILE
hAJ.ERAL RESERVE BOARD

GLH/B


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Federal Reserve Bank of St. Louis

January ?7, 1915.

Hon. Joseph 7. Byrne,
Douse of Reprosentativos,
Thin-ton, D. C.
2,

r
You are hereby informed that the Foderal
70serve Foard ha

postponed late of hearing of oral

argument in the :::atter of the petition of member
banks in Stewart, Robertson and Mott7,omery Counties,
Tonnesnee, to be transferred from the Sixth District
to the Fi;hth District, from February seventeenth
until Februlry twenty—fifth.
This Postponement ..7-ao made necessary be—
cluse of the fact that Yr. Hollins F. Randolph, Counsel
for the Federal Reuerv

Rank of Atlanta,hls to be in

New Orleans to argue a COS at the tim

originally set

for the hearing.
Respectfully,

Secretary.

•

DIRECTORS
W. mcc. MARTIN.

OFFICERS
ROLLA WELLS,
GOVERNOR.
W. W.
HOXTON,
DEPUTY GOVERNOR & SECT.

FEDERAL RESERVE BANK

C. E. FRENCH.
CASHIER

OF

JAMES G.McCONKEY,
CoUNSEL.

ST.T.OUTS.

CHAIRMAN OF THE BOARD AND
FEDERAL RESERVE AGENT.
.
W. W SMITH,
VICE•CHAIRMAN OF THE BOARD AND
DEPUTY FEDERAL RESERVE AGENT.
JOHN W. BOEHNE,
EVANSVILLE,IND.

• RECE,SVEAJRFRAY CARLETON,
ST. LOUIS, MO.

JAN 2 8

OSCAR FENLEY,
191
LOUISVILLE, KY
M_KER HILL,
ST. LOUIS, MO.

GOVERNOR'S Of LITTLEROCK,ARK.
4P1QEETT,
LE ROY PERCY,
GREENVILLE. muss.
FRANK O. WATTS,
ST. LOUIS, MO.

150°
January Il'hqi

Hon. C. S. Hamlin, Governor,
Federal Reserve Board,
Vashington,,D. C.
Dear Governor Hamlin:
The Board of Directors of the Federal Reserve Bank of
St. Louis has been advised that on February 17th, 1915, there will
come up for a hearing before the Board the petition of the Counties
of Stewart, :lontgomery and Robertson, of Tennessee, for transfer
from the Atlanta District to the St. Louis District.
The adjacent counties to the north, in Kentucky, are now
a part of District Uo. 8 and, together with these three counties
in the Atlanta District, form what is known as the "Black Tobacco
Patch." The demands for money to carry this crop are rather peculiar, and these three counties quite naturally do not like to be
separated from the adjacent counties, whose needs are known by the
St. Louis District and can be easily supplied by this District.
These three petitioning counties doubtless feel that they are rather
far from Atlanta, and believe that their interests would be best
served by not having the "Black Tobacco Patch" divided.
The Board of Directors of the Federal Reserve Bank of
St. Louis has instructed the Chairman of the Board and the Gbvernor
of this Bank to say to the Federal Reserve Board that it would be
pleased to receive these counties into District Ho. 8,and to explain that it knows the peculiar needs of these three counties, is
able to meet them, and that it does not believe it will disturb the
equilibrium of either the Atlanta District or the St. Louis District
if they are included within the limits of District Ho. 8.


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

Respectfully,

Chairman of the Board.

Governor.

1
4ftam4. IJontrromery & Robinson Counties, Tenn.Re transfer to St.Louis
t*"


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

FEDERAL RESLHITE B&W:.
OF
ST. LOUIS.
January 26th, 1915.

Hon. C. S. Hamlin, Governor,
Federal Reserve Board,
Washington, D. C.
Dear Governor Hamlin:The Board of Directors of the Federal Reserve Ban: of,
St. Louis has been advised that on February 17th, 1915, therqwill
come up for a hearing before the Board the petition of the Counties
of Stewart, Montgovery and Robertson, of Tennessee, for transfer
from the Atlanta District to the St. Louis District.
The adjacent counties to the north, in Kentucky, are now
a part of Jim District NO. 8 and, together with these three counties
in the Atlanta District, form what is known as the "Black Tobacco
Patch". The demands for money to carry this crop are rather peculiar, and these three counties uite naturally do not lik.e to be
separated from the adjacent counties, whose needs are known by the
St. Louis District and can be easily supplied by this District.
These three petitioning counties doubtless feel that they are rather
far from Atlanta, and believe that their interests would be best
served by not having the "Black Tobacco Patch" divided.
The Board of Directors of the Federal Reserve Bank of
St. Louis has instructed the Chairman of the Board and the Governor
of this bank to say to the Federal Reserve Beard that it would be
pleased to receive these counties into District NO. 8, and to explain that it knows the peculiar needs of these three counties, is
able to meet them, and that it does not believe it will disturb the
equilibrium of either the Atlanta District or the St. Louis District
if they are included within the limits of District No, 8.
Respectfully,
7m. McC. Martin,
Chairman of the Board.
Roila
Governor.

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

FEDERAL RESERVE BOARD

,
On reuest of 2ed., Jui
hearin

ii0:;:2V0

ant Wellborn,

on:-

aJ( aobartson
Jtawart,
Ca_lnties, Tenessoe (At1J;;It), to St. Louis •
Disticts.)
p
as boon -)ost- onad by the 3o3xd fro.1
17th to ioiruarj 25th.

J

ar7 25, 1915.

Warburg

b.ruary

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

•

FEDERAL RESERVE BOARD
OFFICE OF COUNSEL_

DATE: January 23, 1915.
SUBJECT:

My dear Governor:It appears from an examination of the files that the petitioners
for certain banks in Tennessee have not
selected counsel and have not filed
briefs.
The reason for request for
postponement of this hearing given by Yr.
Randolph, attorney for the Federal Reserve
Bank of Atlanta, would, I think, constitute a legal ground for continuance in
a
Court of Record and I suggest, under the
circumstances, that this continuance be
granted and the parties interested be
notified. I would also suggest that they
be
notified at the same time to select a representative to appear for them if they
desire an oral hearing.
Very sincersly,

Hon. Charles S. Hamlin,
Governor.

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

•

•

Jarwary 189 1915,

•ollborn:
I ;vivo your note at January
ing ON
L
fAiest,ing the 'outponomOst Or the hear
banka,
the pntition of the ;cent:isnot:4
the attantion or
. will call thlq at °nen ti
the .41dorml .oserve
Vory ancf:enly yours,

Oovnrnor.

B. "einem, sr.,
T?oldnra o3erve Agent,
Atlanta, f:a.

DIRECTORS

0 FFIC ERG.

EDW. T. BROWN,

M B.WELLSORN,

ATLANTA.GA.

CHAIRMAN OF THE BOARD.

F.W. FOOTE,
HATTI ESBURG, MISS.
W. H. HA RTFOR D
NASH VILLE, TEN N.

EDW.T. BROWN,
DEPUTY-CHAIRMAN.

JOS. A.IVIcCORD.
GOVERNOR.

FEDERAL RESERVE BANK

L.P. HILLYER,
MACON, GA.

W. H.KE TT IG,

OWES L.WILSON,

BIRMINGHAM,ALA.

DEPUTY- GOVERNOR.

A.McC RARY,
DECATUR. GA.
P.H.SAUN 0 ER S.

OF ATLANTA.

W. H. TO 0 LE,
SECRETARY.

NEW ORLEANS, LA.
W.H.TOOLE,
WINDER, GA.

CASHIER.
M. W. BELL,
ASST. CASHIER.

M B.WE LLBOR N,
ANNISTO N, AL A.

Jay 16,1915

RECEIVED

JAN 1 8 1915
GOVERNOR'S OFFIC,I4

Dear Sir:—
Referring to the petition of the Tennessee banks for
a transfer from the Atlanta to the St. Louis District; our Counsel,
2,1r. Hollins N. Randolph requests that the hearing be postponed
from February 15, to February 25.

His reason for asking this is

that he is obliged to attend the United States Court of Appeals
in New Orleans on February 15, as he has an important case to
be tried.
If your Board can make this change of dates, it will
be appreciated by our Counsel.

Kindly advise me of your decision

in the matter.
Yours truly,

TvkyOr-prizxf_C-vvav
Federal Reserve Agent
Mr. Chas. S. Hamlin, Governor
Federal Reserve Board
Washington, D.C.


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

\\
"

•-f\NO

•

BROWN & RANDOLPH, PARKER

tk

SCOTT

,

LAWYERS

•
...
PARKER ,""
RoBERT ,S,

HOLLINS N: RANDoLPH

.
.14CCH M. SCOTT

CABLE ADDRESS "
BROWNRAN"

210-219 BRowN-RANDot.r0

BUILDING

TA.
ATLANTA, G

Jan.loth.1915

Hon H.Parker
Washington D.C.
Dear Sir:the 8th.inc1osThis will serve to acknowledge yours of
of petition of certain
ing letter to me from mr Welborn and copy
the hallway of the
Tennessee Banks which I note were found in
grateful to you for the
Southern Building and. returned to you.I am
promptness in forwardiang
return of these documents and for your
Company in the Southern
the same.I went over to the Law Reporting
the testimony and briefs
Building to arrange to secure copies of
ta and St.Louis,as they
before the Organization Committee at Atlan
)
said Banks and must
will throw some light upon this petition of
as i wae returning from
have dropped these papers out of my pocket
confess I cant see how
their office to the Shorehhm,althot I must
e leaving but was
they got out of my pocket. I.missed them befor lled to return to
compe
unable to locate their whereabouts and was
noon to handlA,an important case here on
Atlanta Friday after
of the petition
paturday.T was about to write yoUbther - copies
I again thank you.
when your welcome letter was recelved for which
ngton.Mr Brown misseu
I regret I did not see you when in Washi
and myself called toIsm by just a few minutes Friday morning.He
ng and we did not
gether but you had just gone to the Board meeti confer about and
wish to disturb you as we had nothing urgent to make your acquaintto
the principal purpose of our visit was for me
the occasion of my next trip to Washington
tance.This I will do on
which is apt to be in the near future.
Very truly Yours,


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

Attorney.

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

WaSc,.IVE-UXID
FaEVAl_

January

1915.

Vr, Hollins N. Randolph,
Attorney-at-La',
Atlintl, Georgia.
sir:
.The enclosed latt3r from Mr. rellborn
Iddrecood to you, toothor with a brief filed by
to petitioning banks of Tennessee, mas found
in the 11:/.11Tay of the southern Building and for-:arded to thi3 office today.
Supposing that those onclozures -nore
lot by you, I am returning them at once.
Tours tnAly,-

F.7ocratlry.

Eric lr,uree.

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

t

December 30, 1914.

,
' ou aro'beroby notified that
Z
bearincs will be held Fcbraary 17 for
anties of Tonnr.
the bane in certain coosooc doctrine; transfer from the Atlanta to the St. Loula district.
Respectfully,

1Jecrotary.

Honorable JosopilV. i3rru,
Hoaoe of Representatives.

/
A

t

1)

OFFICERS

DIRECTORS

M. B.VVELLBOR N,
CHAIRMAN OF THE BOARD
EOW.T. BROWN,
DEPUTY-CHAIRMAN.
JOS. A. McCORD,
GOVERNOR.

,
e.,7.

FEDERAL RESERVE BANK
-

,s oss
s
/
DW. T.
MOWN,
0TEATLANTA.GA.
.s.s.
0
1
-1.4.1iTIESBURG, MiSS.

- -

GILES L.VVILSON,
OEPuTY-O0vERNOR
W. H.T00 LE.

OF ATLANTA.

SECRETARY.
J. B. PINE,
CASHIER.

December 28, 1914

MW
a EL LASST. CASHIER.

ILLE,TENN•
L.,,_„,:=
MACON, GA.
W. H.K E TT IG.
BIRMINGHAM,ALA.
J. A.McCRARY,
DECATUR, GA.
P. H.SAUN D ER S,
NEVy,ORLEANS, LA.
H.TO
WINDER, G A.
fr ELLBORN,
P4
S. ANNISTON,ALA.

Sir:I have the honor to acknowledge receipt of your
letter ofDecember 191h7 iholosing a copy of the brief filed
,
by the petitioning banks of Tennessee, requesting a transfer from Federal Reserve District 46 to Federal Reserve
District 48.

This document has been turned over to the

Counsel for the Bank, who is appointed Els our representative
at the hearing to be held February 17th, 1915.
Respectfully,

Federal Reserve Agent.

Ur. Chas. S. Hamlin, Governor
Federal Reserve Board
Washington, D.C.


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

rolAi,

Lc)

nD
CO;\i-1

-7
GLIVIT


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

December 19,

Milburn,
Tederl Raoorve Agent,
PederAl Roilerve Bank of Atlanta,
Atlantt, Georgia.
r:
_On Octobor 27, you •oers notified by Cll.; office
that potitions had been filed by certain mombr banks
of Stewart, Uontgomery and Robertson Counties, Tenn4reeee,
requestinc: that those counties be transferred from Federal
Reserva District No. 6 to Federal Reeerve District No. a.
You were rlquseted at that tita to decirmate flone
pe-n to r, resent the Fede-: Reserve Bank of Atiant-..
4
in the matter of this appera from tho decision of th-: Reserve Bank Organization Committee in placing the7o countlee
in the Atlanta district.
Tnasmuch as the Federal Reserve Bomrd hi fixed
Fobruary 17 as the date for the hearing of ..)ral arguments
in this case, it will be nocees-ry to hlve auch a reprecsntative appointed in order that he Tay prepare a reply
brief.
I am mciosing herewith a cory of the brief
filed by the petitioning banks, with the request that you
refer it to your rem-psentatives as soon as L3 is designated.
r am also enclosing a copy of Regulation No. 1.
Will you kindly give this natter your attentionl
Respectfully,

Governor.

Secretary.

Fnclosure.

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

coAber 1:1, 1C 1 4.
(

Dear

r.
11—ve your note of DeceAber lith, and will at once look into

the ;Aatter of tho briefs.

it is hardly necessary to cay that if

these briefs have boon mislaid, the banks in question will nut
suffer any prejudice thereby.

I will ,(Ivisv you as soon as 1 can

look into the uutter, and will see that an early hearing is given.
ery sincr
,rely yours,

lb;
Covernor.

Hon. josoPh

Pyrns,

louso of .4rorosentativr
,o.

O
'Sj
;000
16

le°gelP

GLH/M


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

Decorbor 1, 1314.

Honnrable Jceeph W. Byrns,
HOU?el of Represent%tives,
Washington, D. C.
My dear Congresevan:
T wish to aeknowledge receipt of your let.
,
ter of_Deeen0er 19 statinp that you had celled at the
office of the Federal Reserve Boerd for the purpose
of filing the briefs in eunrort of the petition of
certain tombs in Tenneeree requ

a transfer from

the Sixth to the Eighth Federal Reserve District.
Upon investiga.tien I find that the briefs in
question were misplaced in the files, ?,,nd regret having disturbad you about them.
The Federal Reserve Board he.s fixed February
17 as the date for the ha7irine of oral arguzante in
this case. Hearings will be held in the office of the
Federal Reserve Board, Treaoury Building, at eleven
o'clock.
Respectfully,

Govornor.

Secretary.

•

SIXTY•THIRD CONGRESS.
JOHN J. FITZGERALD. N. V. CHAIRMAN.
SWAGAR SHERLEY. KY.
FREDERICK H. GILLETT. MASS
CHARLES L. BARTLETT. CIA.
JAMES W. GOOD. IOWA.
JOSEPH T. JOHNSON. S. C.
FRANK W. MONDELL WY
ROBERT N. PAGE. N•C•
CHARLES R, DAVIS.
...
GEORGE W. RA U.
IN6
WILLIAM P
0
Y.
JOSEPH W. 13`11018 TEN
WILLI4 Si VA
A.
THOMAS UPT014 SIS
H.' I'S, WHILI ' Hi HINEBAUGH. ILL.
:
EUGENE F. KIRKE
,ili. J.
WILLIAM P. ii OR LA
O.)
GEORGE WHITE, OHIO
JAMES MC AHOREWIILL•
BRYAN F. MIAHAN,
NN.

LI

COMMITTEE ON APPROPRIAIO'
:
k'
HOUSE OF REPRESENTATIVES,

A

WASHINGTON, D. C.

WOODA N. CliARR. Pi.

December 19, 1914.

'
N‘SiLljg C. COURTS. CLER
MARCELLU3 C. SM,RIIi.D.
/ ASSISTANT CLERKS.
WILLIAM A. RYAN.

1 :?: 42
4
-

v

Honorable .7. S. Hamlin,
Governor, Pederal :Reserve Board..
Yy dear sir:
I am in reoeint of your favor of December
tive to the :etition of cert .in national banks in Montgomery and
7obertson r';ountie7,, riennessee, requesting a transfer of the.7.3
counties an,: the county of Stewart, from the Sixth to the Eighth
Federal P.es3rv . Tlistrict, and adviAlle that twenty copies of the
)
brief in sup-:ort of this Detition should be file.

I called at your

office personally and preentad these briefs at the te of the
of the 2atition.4 I will be gld if you will have the 'natter
looked up and these briefs located, and also advise ma
LI-7 in .Tanuary the hearin2 can be had upon the matter.
h..7a by no means abandoned their appeal.

as

to what

The banks

On the contr ry, they most

urLY;ently state that the relief should be granted f r the reasons
aat forth in their petition and briaf.


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

Yours

truly,

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

VLUL—"fs—

6/

,
Deceml T.r iF, lfl.4.

Hon. Jos6ph W. Byrne,
Roust) of Ueprosenti,tives,
Washittcr, L. C.
Der Sir:—
On October_6, 1914 the Pectoral Poscrve BwIrd received a
letter from you onolo3iLE therein a petition cf cartir 1%nks located
in Lontomery and Robertson Counties, Tennessee, rogue-tin

goOriffer

of ticse counties and the county of Stewart from the Fixth tr the
Aighth Federal Peeerve DiTArict.
Fegulntion No. 1, ucvernirg appor,ls from the decisions of
the Reserve Bank Organization Committee rrquires that twenty copies
of the brief in sup-ort of this petition be filed -cittin five du,'
from the receipt of such petition.
rec6ivec4

Thera briefs hove never been

nd in consequence it harl bean impossible for the Board

to yrocec,d further in the mbtter.

Could you it fore me whether the

banks in quebticn are still desirous of prceo-Aitinz this apronl or
vdiether not having autmitted briefs they intend tc drop thE rmtter.
The Fecleral Po6orve Board hzo fixed certain days in January
for the 1..rifiL, of appe-as of this character so thtt it will be nec—
or,szay to take some quick action in thi
for

c,.se if it is to be ready

1:erinE at th;t time.
I am enclosing herewith eery of Regulation No. 1.
Respectfully.

Governor
Secretary.

vP/

5-;-/
-1-3 • ‘
711.;

1/1

\\\


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

October 31, 1914.

Sir:
.
With reference to the petition
of certain Tennessee Banks to become members
of the Federal Reserve Bank of St. Louis instead of Allanta, 7ou are advised that owing
to the pressure of detail matters demanding
the Boardle attention at this time incident
to the opening of the several Federal reserve
bakks and placing tho system in operatio%, the
.as found it impracticable to fix a date
Board 1for oral hearings prior to November 16, at
which time it is contemplated the Federal reserve banks‘will be opened.
As soon thereafter as the Board can
conveniently do so, it will arrange a data for
oral argument and you will be given due notice
so that you may be prepared to present your
case to the Boe.rd.
Res;ectfully,

Secretary.

Mr. I. B. Wellborn,
Chairman, Federal Reserve Bank,
Atlanta, Georgia.

r

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

1
tN-.

IFEOET,AL

,
Ef,n EQ

2
,2
4 6±L_!11 .L2fLOctobo,r 774 M4.

r:
tiol000d for your inforuatiot
Thoro
:
.
cony oi Floc ullon No. 1,
l
, o(loll 01
of rroce6vro in applin;!: rron
-TpAl3ai-Jo1 Comrltoo.
Resorre TWA 0.1.
73
YOU Will. 0.100 , that ..Thlr3 bankz
tha
r:erber7A o/ ona
U7,3 tlotA.A.cin of
to rr;-;_a
,
iU'VC 13:•1,
Col.„Atte3 and to tratintlr the
1Nmtail t6
ttlrektor7 1.11 7e0,c1-1 onch 1;i::;,%=1
A
inothf)r di3tIct, a petition to tis offo, Ahonld
by the
be rai'errad to a rf:pr3se:Itativa z;olectal
rapl-f.
Ro:!=6 Bitqk
)
(ia.4, lo)en 1116d !It this c,f21-A
you
yt-,ur
myrN3.
.
4 9 "q!ntl
tO J.T$
zOOt!-IA-jty
ari Irifs filed
tontative to who= Pah
170v
.
wtrYst
1 , .4 be

3scrstary.

Ir. M. B. 7!.-11born,
Ann5.3t,m, 1aft.

17.3,;105v;.

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

FEDERAL

i33ARD FiLE

Octobt.r 27, 1914.

SIR:
On behulf of the Federal Rescrve Bcar,
receipt is acknowledged of the petition of the
First NationAi Blnk an,; the Claro
Bank of Clarksville, Terne33ee, the Sprindfield
Naticnal Bank aria the Ileoles NatLnAl sank of
Sprinsfield, Tennessee, asking that the counties
of Montgemery, Rob,rtson and Stewart be detached
from the sixth and attached to the eighth Federal Reserve oiatrict.
In rerly you are adviaed that in accordance
with the requirement° of Redulation No. 1, a copy
of whicn ia herewith encloaed, the ChMman of the
Board of Director3 of the Federal Reserve Bank of
Atlanta ha3 peen notified of the receirt of the pemluested to have a representative aetition
lected to ariTear and anaer the fetition.
You will be duly notified of the dite of
the hearing.
Respectfully,

Socret,xy.

Mr. H. T. Stratton.Preaidenti
People3 National Bank;
Sprinj,field, Tenne3JeeA

1 Enokoeure.

v

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

r-11 E

r--:
\ ----. 11- i_

/e 2e72.October 4, 1914.

iYJ
e •
.
, • Ale.e 4

SIR:
On behalf ci
FeiAeral Reserve Board,
receipt is acknowlekLed of the petition of the
First National Bank and the Clarksville National
B.?.nk of Clarksville, Tcnnessee, the Springfield
National Bank and the Peo!_les National Bank of
Springiield, Tenressee, 3sking that the counties
of MontgomLry, Robertson and Stewart be detached
from the sixth and attached to the eighth Federal
Reserve uistrict.
In reply ycu are advised that in accordance
with the requirements of Regulation No. 1, a copy
of which is hemdth enclosed, the Chairman of the
Board of Directors of the Federal Reserve Bank of
Atlanta has been notified of the receipt of the liptition and requested to have a representative se—
lected to appear and answer the Ilitition.
You will be uuly nucilied ol the date of the
hearing.
Respectfully,

Seem:tali.

Mr. 11%. E. Ryan, President,
Springfield Natio'al Bank,
Sprinfield, Tennessee.

1 Enclosure.

BCW GC


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

VEDNM_

-c1cLSEME NAJID

„,rr•v.

October 24, 1914.*

SIR:
On behalf of the Federal Reserve Board,
;ed of your letter of Ocreceipt i ackpowled4
tober 3r4.;‘ enclosing retition of the four National ainks located in Clarksville and Spring;
field, Tennessee, askinz that the counties of
Uontgc:mery, Robertson and Stewart be detached
from the sixth and attached to the eighth Federal Reserve district.
In reply you are advised that in ac.
;
cordance with the requirements of Rec ulation 1,
a copy of which is hereAth enclosed, the Chairman of L.o Board of directors of thE Federal Reserve Bank of Atlanta has been notified of the
receipt of the petition and reluested to have a
representative selected to appear and anser the
petition. You will be duly notified of the date
of the hearing.
ReJpectfully,

Secretary.

Honorable Joseph W. Byrns,
House of Representatives.

Enclosure.

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

•

FEDERAL RESERVE BOARD
October 21, 1q14.

Respectfully referred to the
Secretary to the Feliral Reserve Board.
The attached petition has been examined
and appears to be in proper form.

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

•

•
I.
BEFORE THE
\
FEDERAL RESERVE BOARD

1
11

III THE MATTER OF
PETITION OF FIRST NATIONAL BANK OF CLARKSVILLE NATIONAL
BANK, OF CLARKSVILLE, TENNESSEE, SPRINGFIELD NATIONAL BANK
AND PEOPLES NATIONAL BANK OF SPRINOFIELD, TWINESSEE, FOR
CHANGE Ii THE GEOGRAPHISC,d, LIMITS OF FEDERAL RESERVE
DISTRICTS NOS. 6 AND 8, AS DETERMINED BY THE ORGANIZATION
COMITTRE.
ANSWER ON BEHALF OF THE FEDERAL RESERVE BANK OF
ATLANTA (DISTRICT NO/6.)"
TO THE FEDERAL RESERVE BOARD:
Edward T. Thrown, Deput7 Chairman and Deputy
Reserve AL nt of the Federal 2.esprve 7 nk of Atlanta, the
representative duly aprointed b

the Board of Directors of

said Bank to appear and answer the petition of the member
banks of scc.id Federal Reserve Bank of Atlanta above named to
review the assignment by the Organization Committee of Frlid
banks to l'eCeral ReFerve District No. 6, and to alter the
lines of said District so that said bans above named
shall be included in Federal Reserve District

ro.

8, herein-

after called Respo dont, makes answer to said petition as follows:
-1(a).

The Federal Reserve Bank of Atlanta, comprising

District No. 6, contains 372 national banks, and would
have resources from capital stock on this date of '4,710,000.
stock
.
if the entire capital/had been paid in full. 2.tt the present
time only one-third of said capital has been paid in.
It

gross capital, therefore, is the smallest amount of any

of the Banks in the Reserve system, and but little in excess

FEB 1 5 1915


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Federal Reserve Bank of St. Louis

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of the required minimum of 44,000,000. fixed by the Federal
Reserve Act.

Respondent is advised that the capital of the

First National Bank of Clarksville, Tennessee, is the sum of
4100,000.00, with a surtlus of 475,000.00; Clarksville
National Bank, capital $100,000.00, and surplus $30,000.00;
Springfield National Bank, capital 4 60,000.00, and surplus
';
i
,
60,000.00; the Peoples National Bank of Springfield, capital
$100,000.00, amd surplus 420,000.00.

The aggregate contri-

bution of these four petitioning banks when fully paid to
the capital of the said Bank would be approximately the sum
of 00,000.00.

If said Banks were removed from the Sixth to

the Eighth District, it would redtce the gross capital of the
Federal Reserve Bank of Atlanta to approximately the sum 6f
1,620,000.00, which sum would be only $620,000.00 in excess of
,( 4
the minimum amount required.

Respondent submits that these

figures alone furnish a very strong reason why the prayer of
these petitioning banks should not be granted, because if
these banks are withdrawn and if for any reason only a very
few of the larger banks in the district should discontinue
business or withdraw from the system, it might easily be possible for the capital of the bank in the Sixth District to
be and become reduced below the minimum fixed by the Act.
Respondent further shows to this Honorable Board
that the Federal Reserve Bank of Atlanta in the midst of the
eastern part of the cotton growing section of the South,
and the demands upon the resources of said Bank, in properly
financing the cotton crop annually will be considerable, and
when to these demands there is added the normal annual

demands which will be made upon said Bank by those engaged in
other agricultural, industrial and commercial pursuits in the
section, it is evident to respondent that all of its resources


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Federal Reserve Bank of St. Louis

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(3)
will be in constant use and demand.
for this reason

Respondent says that

any action which would result in a reduction

of the capital and consequently in the resources of said bank
should recetve the closest investigation and scrutiny before
being put into effect, andrespectfully urges that for the
reasons already stated no such reduction should be made or
allowed, unless in case of imperative necessity, and it is
respectfully submitted that the case presented by petitioning
banks in this instance is not of that character.
(b).

Respondent calls attention that evidently

the Organization Committee considered the Tennessee River
a natural geographical boundary, and by reference to the map
of Tennessee it will be readily noticed that the western
boundary of the Sixth District is fixed along said river,
with the exception of the County of Wayne.

42Respondent is advised that it is not necessary
to answer specifically many of the allegations generally
stated in said petition,

Admitting that petitioners are

located in the tobacco growing sections of West Tennessee and
Kentucky, yet no satisfactory and convincing reasons are advanced by pttitioners why the Federal Reserve Bank of Atlanta
cannot meet all their reasonable, proper and lawful demands.
On the contrary, respondent says that said Bank can and will
take care of all such demands and requirements.


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Federal Reserve Bank of St. Louis

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(4)

(a) Petitioners allege that the town of
Clarksville and the town of Springfield are served by the
lines of the Louisville and Nashville Railway Company, and it
is here shown to this Honorable Board that said Railway
Company likewsie supplies lines of connection between Atlanta
and said two towns. The distance from Atlanta to Clarksville
and Springfield is approximately 350 miles, whereas the distance from said two towns to St. Louis is Approximately
300 miles,

so that the distance from Atlanta to said two

towns is practically the same distance from said two towns to
St. Louis.

If this petition was granted, said two towns would

be only be about fifty miles nearer to the reserve city to
which they would be then attached, than they are to Atlanta.
Respondent shows that at the present time mail
and express matter leaving Atlanta as late as 4:55 P.M. arrives in Springfield the next morning at 8:26 A.M. and at
Clarksville at 9:34 A.M. and such matter passing in the reverse direction from Springfield and Clarksville to Atlanta
moves practically within the same liwits of time. Both mail
and express matter passes to and from Atlanta and said two
towns practically over night,

and in time to be received

and handled in the early morning of the day following.
Respondent is advised that no greater facilities as to mail
and express or transpotation vigtild be enjoyed by petitioning
banks if they were attached to the Eight District than they
now enjoy at Atlanta.
(b) Respondent is advised that while it may be
true that tobacco furnishes the principal commercial crop
of the section in which petitioning banks are located, and


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Federal Reserve Bank of St. Louis

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(5)

that a large percentage of said crop is exported to
European countries through New York, yet this condition of
affairs is not exceptional with the tobacco crop, but is true
to a very great extent of many other commodities produced in
the Sixth and other Districts.

Respondent cannot agree that

it would facilitate the business of petitioning banks for
these tobacco transactions to move westward through St.Louis
merely because the larger part of the tobacco growing section
is attached to the Eighth District.

Respondent can not

agree that the mere coincidence that two of the Directors of
the St.Louis Bank are familiar with the details of how the tobacco business is conducted furnishes any good and sufficient
reason why petitioning banks should be attached to the
Eighth rather than the Sixth District.
(c) Respondent says it is truethat the
Federal Reserve Bank of Atlanta will probably have demands
of large volume upon it during the season when cotton is
being harvested and moved in the section which it serves
but taking into account the capital and surplus of petitioning banks in this case, the probable aggregate amount of the
legitimate demands of petitioning banks upon said bank will
not likely cause said bank any embarrassment in meeting the
same, whether it be true or not that cotton and tobacco are
harvested and marketed at the same time of the year.
The cotton crop as a rule is harvested and marketed commencing in August of each year and extending over the fall months
and probably into the months of January and February of each
year, although as a rule much the larger part of cotton has
passed out of the hands of the grower by the first of January
each year.

Respondent respectfully calls attention to the very


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Federal Reserve Bank of St. Louis

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(6)
able brief presented on behalf of Louisville, Kentucky,
to the Organization Committee by the Honorable 011ie M. James,
Honorable Swager Sherley, Honorable Richard W. Knott and
Honorable John W. Barr, Jr. and printed in Senate Document
485, on page 187, from which respondent quotes as follows:
"Tobacco is different from other crops in that
it does not go to market in the fall along with cotton, corn,
etc. The season begins in December and extends thru March,
depending largely on weather conditions. As can be at once
seen, it, like whiskey, can be moved after the pinch in the
cotton section is over. Surplus funds from tobacco sales can
find employment in the South during the planting and growing
season."
If these gentlemen correctly state the matter,
the two crops are marketed at different periods of the year,
at least in large part.

Respondent further calls

attention to the fact that the banks of St. Louis probably
have heavier and greater demands upon them to move the cotton
crop than is true of Atlanta, he being advised that the St.
Louis banks supply in large part the capital necessary to
move and handle so much of the cotton crop as is raised in
that State, Arkansas, and the parts of the States of Tennessee
and Mississippi which are in the cotton belt.

If respondent's

information is correct, and he affirms that it is correct,
the St. Louis Reserve Bank would be confronted with the same
difficulty which petitioners allege now confronts the Atlanta
Bank in regard to the matter of furnishing funds to move the
cotton and tobacco crops at the same time.

Therefore, no

advantage would be gained to the petitioning banks to be connected with the St. Louis instead of the Atlanta Bank in
these respects.


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( 7)
(d)

Respondent shows that petitioners allege

that "Unmistakably the trend of the business of the two
communities is northward, less than 1% of the business being
South of Nashville, Tennessee."

If this is true, it is

difficult to understand how their situation would be bettered if the banks were attached to St. Louis, which lies
almost due west of both Springfield and Clarksville.

If the

trend of the business of the two communities in unmistakably
northward, it would seem more logical for petitioners to be
attached to the Cleveland Bank than to the St Louis Bank,
but respondent insists that for reasons already stated and
those hereinafter stated, it is not necessary for petitioning
banks to be removed to either of said reserve bank cities.
Respondent is advised that all of said banks do considerable
business with the banks of Nashville, Tennessee, which is one
of the important cities attached to the Federal Reserve Bank
of Atlanta, and shows that one of the Directors of the Federal
Reserve Bank of Atlanta, Hon. W.H.Hartford, is a citizen of that
city, which is situated very near to Clarksville and Springfield,
(less than 75 miles distant).

His knowledge of the business

conditions of that territory will make it easily possible
for the Federal Reserve Bank of Atlanta to become accurately
advised of the needs and demands of petitioning banks and all
others therein, whether there be anything unusual or extraordinary in the nature and course of business in said section
or not.
In addition to the foregoing, respondent is advised that a very much larger per cent of the business of said


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Federal Reserve Bank of St. Louis

(8)
two communities is south of Nashville than that stated in the
petition, and asserts that investigation would disclose this
to be the fact.

It is naturally very difficult to obtain exact

statistics on such a matter, but respondent is advised that
a very considerable amount of business in said tvoo communities
is toward the South and not Northward.

Also respondent

states that petitioning banks on account of their location
close to Louisville, one of the important cities in the Eighth
District, as well as to Nashville, one of the important cities
in the Sixth District, are virtually enabled to utilize the
facilities of both of these banks, the Atlanta Bank directly
and the St. Louis bank indirectly.

Said banks doing business

with Nashville, send their checks on Louisville to the bahks at
Nashville, and in payment of these checks Louisville sends
the Nashville banks checks on the Reserve Bank of St. Louis,
which checks in turn are sent by the Nashville banks to the
Federal Reserve Bank of Atlanta for credit, and recently
interchange of business of this character resulted in the
establishment of a credit balance in favor of the Federal
Reserve Bank of Atlanta against St. Louis in excess of
,0,000.00.

No reason is seen by respondent why this ar-

rangement and interchange of financial balances cannot
continue, and it results, as stated, in petitioning banks
and others in their neighborhood enjoying the credit facilities of both the Atlanta and the St. Louis Rserve Banks,
the former directly and the latter indirectly.
Respondent also calls attention to the well known
fact that large amounts of tobacco is now being raised in the
State of Florida, and the peculiarities of the tobacco industry


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Federal Reserve Bank of St. Louis

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(9)

in general, if any exist, will necessarily have to receive,
and in fact have received, the careful study of the officers
and directors of the Atlanta Bank.

(e) Further answering respondent advises that one
of the petitioning banks, to wit, the Peoples National Bank
of Springfield, has already and since the first of January,
1915, availed itself of the facilities offered by the Federal
Reserve Bank of Atlanta and has applied for and obtained a
loan from said bank to the extent of $22,000.

Respondent says

that the officers and directors of the Bank found no difficulty
in acconmodating said Bank, as one of its member banks, and
easily and readily and quickly responded to its request to
participate in the discounting privileges to the extent stated,
and said Bank, through its proper officers and directors, is
ready to likewise and similarly respond to all of the ordinary,
legitimate and reasonable demands of said banks when called
upon in the future, whether by said Peoples National Bank, or
others of the petitioning banks.

Further answering, respondent says that the
relations of petitioning banks with their correspondents will
In no wise be altered by the operation of the Federal
Reserve Act, or by their being placed in the Sixth or the
Eighth Federal Reserve District.

It is true they will be

expected to keep the reserves required of them under the Act
in the Federal Reserve Bank of Atlanta instead of in the
Federal Reserve Bank of St. Louis, but there can be no
serious inconvenience in this.

If the prayer of the member


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Federal Reserve Bank of St. Louis

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(lo)

banks of Springfield and Clarksville is granted, doubtless
other similar petitions in this Reserve District and in other
Reserve Districts will he presented to this Honorable Board,
and if this or other similar petitions are granted, so far as
the &ederal Reserve Bank of Atlanta is concerned, it will
at once bring prominently itto view the capital requirements
of said Bank as measured by the terms of the Federal Reserve
Act.
No one can doubt but that careful consideration
was given by the Organization Committee to such matters as
convenience, accessibility and the trend of business in the
apportionment of the various Districts, and the selection of
Reserve Cities.

This was a duty imposed upon the Organiza-

tion Committee by the Federal Reserve Act, Section 2, which
is as follows:
"That the Districts shall be apportioned with
due regard to the convenience and customary course of business
and shall not necessarily be co-terminus with any State or
States."
In determining what regard was paid to this provision of the Act by the Organization Committee, no better
way can be devised than to quote from the report of the Committee itself.

Said Committee said:

"Among the many factors which governed the committee in determining the respective districts and the selection of the cities which have been chosen, were:
First. The ability of the member banks within
the district to provide the minimum capital of . ,000,000.00
1
6
the capital stock and surplus of member banks within the
district.


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Federal Reserve Bank of St. Louis

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Second. The mercantile, industrial and financial
connections existing in each district and the relations
between the various portions of the district and the city
selected for the location of the Federal Reserve Bank.
Third. The probable ability of the Federal Resere
Bank in each district, after organization and after the provisions of the -federal Reserve Act shall have gone into effect,
to meat the legitimate demands of business, whether normal or
abnormal, in accordance with the spirit and provisions of the
Federal Reserve Act.
Fourth. The fair and equitable division of the
available capital for the Federal Reserve Banks among the
districts created.
Fifth. The general geographical situation of the
district, transportation lines, and the facilities for
speedy communication between Federal Reserve Banks and all
portions of the district.
Sixth.
business activities of
manufacturing, mining,
and development in the

The population, area, and prevalent
the district, whether agricultural,
or commercial, its record of growth
past and its prospects for the future.

"In determining the several districts the committee has endeavored to follow State lines as closely as practicable, and whenever it has been found necessary to deviate
the division has been along lines which are beleived to be
most convenient and advantageous for the district affected."
In explanation of their decision as rendered
on April 2, 1914, from which these excerpts are taken, subsequently the said Committee made a further statement, April
10, 1914, to which attention is called and in which they
reaffirm the above.
When due regard and consideration is given to
the very thorough study and investigation of the subject,
the great care which was exercised by the Organization Committee in the performance of its duties in the laying out of
the country into twelve districts, there must arise a strong
presumption that the very considerations which are advanced
by the petioning banks in this case were duly passed upon
and considered by said Oommittee, and the attaching of petitioning banks to the Sixth District instead of the Eighth
Distrjct was deliberately done.

It will be presumed at least


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Federal Reserve Bank of St. Louis

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prima facie that said Committee considered the fact that
petitioning banks would enjoy equal if not the same mail,
express and transportation facilities if attached to the
Atlanta District as they would if attached to the St. Louis
District, and their principal business, as they themselves
now allege, constituting only a small portion of the tobacco
crop, the Bank at lqlanta could furnish them all reasonable
and proper rediscounting and accommodations, notwithstanding
the fact that said bank would likewise be called upon to
furnish similar accommodations for the cotton industry and
all other agricultural and commercial industries in the section.

Respondent respectfully submits that the decision of

the said committee should not be lightly altered or overridden.
Respondent insists that there has not been sufficient time as
yet to determine what will be the result of the operation
of the banks under the Federal Reserve Acts in the districts
as they are now made, and it is respectfully claimed that
sufficient time should be given to the practical operations
under the Act in the Districts as now formed

to determine

whether it is as effective, efficient and satisfactory as it
would be if their boundaries were changed.
All of which is respectfully submitted on behalf
of the Federal Reserve Bank of Atlanta.

D
<
k_. C141
(
Counsel.

uty Chairman and Deputy Reserve Agent.


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Federal Reserve Bank of St. Louis

t.ctobor 10, DPI.

:our •( mItor JaelOo:
.
1
I haw!' your note of %:ctober 9th,
cinc

Mali filo it with the pn,)orn in the

mattfIr of the petition of i.yontgoalry and
ohnrtoon Gountloo, for trancfor froLi the
P.Unnta to the

t, ouio 7oderel lieoorvo

A.otriot.
Very sincerely yours,
'(sfgned) C. S.
HamliD,
novnrnor.

:Ian. John h. Lhioldo,
United lAatoo Senate,

JOHN K.SHIELDS. CHAIRMAN.
GEORGELOLIVER.
JOSEPH E. RANSDELL.
THEODORE E.
THOMAS J. WALSH.
ELI HU ROOT.
THOMAS P. GORE.
JOHN WALTER SMITH.
LAWRENCE'f.SHERMAN.
CHAS. M. MCCABE.
CLERK

•

E BOA) H

L

9JCirriteb Zialez

male,

COMMITTEE ON CANADIAN RELATIONS.

October 9, 1914.

RECEIVED

Hon. Chas. S. Hamlin, Governor,
Federal Reserve Board,

OCT 1

0 1914

GOVERNOR'S

OFFICE

Washington, D. C.
My dear Mr. Hamlin:
The banks of Clarksville and Springfield, Tennesfiled with your Board a petition asking that the
see, have
counties of Montgomery and Robertson be detached from the
District of Atlanta and attached to the St. Louis District,
in Whieh the reasons for their request are stated at length.
Congressman Jos. W. Byrns of the 6th District of Tennessee
in which these counties are situated, has had a conference
with you upon the subject, in ghich you informed him that
this matter with similar applications would be taken up by
the Board some two or three weeks from now.
From my own information and facts stated by the
bahkers of these counties, I feel that it is greatly to their
interest that their petition be allowed, and I hope when you
are prepared to hear this matter you will write me and allow
me to be present with Mr. Byrne.


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Federal Reserve Bank of St. Louis

With kind regards, I am
Very truly yours,


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Federal Reserve Bank of St. Louis

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•
/,;?5.--WIN 'THE MATThR OF APPEALS FROM THE
CISION OF THE RESERVE BOARD OR( IZATION COMITTEE IN DESIGNATING
FEDERAL RESERVE DISTRICTS.
Petition of First National Bank and
The Clarksville National Bank, both
of Clarksville, Montgomery County,
Tenn.; and The Springfield National
Bank and Peoples National Bank,
both of Springfield, Robertson
County, Tenn., praying that the
counties of Stewart, Montgomery
and Robertson be transferred from
District No. 6 to District No. 8.
Petition filed October 6, 1914.

Z31\ilD Hal

3s-D

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To the Honorable Federal Reserve Board.
The Petition of The First National Bank and The Clarks
—ville National Bank, both of Clarksville, Montgomery County, Ten—
nessee; and The apringfield National Bank, and The Peoples National
Bank, both of apringfield, Robertson County, Tennessee, do respect—
fully Petition that the Geographical limits of the Sixth Federal
Reserve Bank District, be changed by the detachment of the northern
boundary of said Reserve Bank. District of the counties of Stewart,
Mont gomery and Ttobertson, in that these counties be attached to the
Eight Federal Reserve Bank District of St. Louis, so as to form a
Portion of the southern Part of said Eight District Reserve Bank or
in such mariner as you: Board may determine.
,
.
A map is attached as Exhibit ?Iv to this petition, showing the
line as Prayed by your Petitioners to be run.
The Federal Reserve Bank Organization comittee did not in the
selection of the several Reserve Bank. Districts follow State lines
or boundaries, and the Counties enumerated herein can easily be de—
tached.

Clarksville, Montgomery county, Tennessee, is a City of

about Nine thousand Population; its principal commercial crop being
Dark- Leaf Tobacco; the major portion of which is ex:Ported to European
Countries, involving an exchange operation via New York city, or
through letters of credit established in New York City,— wheat,corn
and hay being auxiliary croPs•
Its Banking Capital, Five institutions, two of which are Nation
—al Banks, have a combined Capital of Three hundred and Eighty Three
Thousand Dollars, and a combined deposit of One Million Five Hundred
Thousand rollars •

It is served by the Louisville and Nashville Rail

—way comPany, with a direct connection to st. Louis, within a twelve
holt run, and in direct connection with Louisville, Kentucky, within
,
a six hour run, either point being accessible for the transaction of
business on the following day.
Springfield, Robertson county, Tennessee, has a population of
about Twenty five Hundred; its Banking Capital, Four institutions,
two of which are National Banks, with a combined capitll of Two Hun


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Federal Reserve Bank of St. Louis

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dred and Fifteen Thott and Dollars, with a combindd deposit of about
Nine Hundred and Seventy Thousand Dollars; has also as its Principal
commercial crop Dark Leaf Tobacco,— with wheat, corn and hay as auxj.1
—iary crops.
It is served by the Louisville & Nashville Railway Company,
with direct connection with either St. Louis or Louisville, Kentucky,
either Point being accessible for the transaction of business on the
following day.
Considered from any standpoint, Geographical convenience, Com—
mercially, Transportation Facilities, Rapid and easy communication
between Points, the territory served by Clarksville, Tennessee and
Springfield, Tennessee, belongs in a District of which Kentucky, and
Particularly Louisville, Kentucky is a Part, and Louisville, Kentucky
is a part of the sight District, or a Part of the St. Louis Reserve
Bank•
your petitioners constitute all of the Nationla Banks in the
,
territory sought to be changed, and respectfully submit:
First:—

Unmistakably the trend of tte business of the two corn

—munities is Northward, less than one Per cent of the business being
South of Nashville, Tennessee.
Second:—

Tobacco being our commercial Crop, and our PrinciPal

money Producing commodity,— seventyfive Per cent of which is Exported
to European countries, and the bUsiness transactions resulting there
—from having heretofore been handled throw,h Louisville, Kentucky,
St. Louis, Mo., and New york City, every effort should be made to
Promote business donvenience and normal movements by attaching this
territory to the St. Louis Reserve Bank District, its natural, con—
venient and normal course.
Third:—

Petitioners resPectfully represent that st. Louis, Mo.,

and especially Louisville, Kentucky, is familiar with the conditions,
the, customs and transactions originating in this terribtbry and that
they can best serve our needs, being :thoroughly familiar with the
whole course of business, the times and amounts needed, the methods

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Federal Reserve Bank of St. Louis

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in which the transactions arising from this commodity are handledl to
say nothing of the very much more convenient handling of the b'ufsiness
arising therefrom.
Fourth:—

The St. Louis Reserve Bank has on its Board of Direc

—tors two men long connected with, and quite familiar with the busi
—ness requirements of this section, in the Persons of Mr. Oscar Fen
—ley of Louisville, Kentucky, and Mr. F. 0. .7atts of St. Louis, M.
1
Fifth:—

Your petitioners would resPectfUlly represent that the

business of this section sought to be removed, can not be served con
—veniently by the _Atlanta Reserve Bank, not only on account of Geo—
graphical situation, but ease of access, familiarity with the busi—
ness, and the fact that the Directory Of the Atlanta Reserve Bank is
composed of men without any experience, not familiar with or knowl—
edge of, regarding the transactions arising from tobacco, its market
—ing, the export busniess in mmnection with it, or the needs and
requirements of this section in relation to it.
Sixth:—

your petitioners would further represent, that the

CaPitill Of the. Petitioning banks can be withdrawn from the Atlanta
Reserve Bank without weakening it in regard to the Capital require—
ments under the Federal Reserve Law.
Seventh:—

Petitioners submit that it is true that seven eights

of the tobacco territory of Kentucky and Tennessee has been attached
to the St. Louis Federal Reserve Bank, while only one eight has been
attached to the Atlanta Federal Reserve Bank, this one eighth comPris
—ing the tobacco District located in Stewart, Montgomery and Robert
—son counties; splitting these counties off of and taking them out of
the natural, ordinary and customary course of the business, the main
business originating within these Counties, taking them from that
District which comprises nearly all of the sections in which this
commodity constitutes the main money commodity, and putting them in a
district unnatuarl, inconvenient and ignorant of the needs of this
Particular section, and deprived of the benefit of the co—operation
naturally resulting, and the efficicay of the rangements naturally
resulting in the districts in which the transactions arising from the


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Federal Reserve Bank of St. Louis

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tobacco business, constitute one of the main Parts of banking trans
-actions and banking facilities.
A division of the tobacco section of Kentucky and Tennessee in
such proportion as between the Eighth and sixth Reserve Bank District can serve no good Purpose and the withdrawal of the one eighth
this
allotted to the Atlanta Bank would place 'interest where it naturally
and normally belongs.
Fight:-

Petitioners would respectfully submit, that putting

them in the Atlanta Reserve District causes a wholly unnecessary
and useless discrimination against them as against State Banks in
these counties, as these State Banks can make their own arrangements
with the natural course of the trade, and. with Bankers whose officials
are faniliar with the requirements Of these districts, and. it places
them at a very grave inconvenience and disadvantage as compared with
the state Banks in the same two towns of Clarksville and Springfield.
And it discriminates also against the interests of this Particular section of the tobacco District, Stewart, Robertson and Montgomery Counties, putting this District at a disadvaitage as to their
tobacco, handling facilities as against the State Banks in these
same three counties, who can as stated, make their own arrangements
and follow the usual channels of trade; naturally they should be han
-dled by men familiar with the conditions, the values, the securi
ties arising from this industry, so that equal facilities may be
given the different parts of the tobacco district, and not discriminate against one eighth of that District, and put it at a disadvantage, not only with the balance of the tobacco district, which was
and should have been allotted to the St. Louis District, but also
places the National Banks in this District at a

ave disadvantage

as compared with the State Banks.
Ninth:-

while it is suggested that the true- contention of the

Federal Reserve Bank is to hold the legal reserve requirements of
Its member banks, your petitioners respectfully state that they believe, and it is the belief of the Banking interests, that the sys
 tem of
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Federal Reserve Bank of St. Louis

reserve banks will eventually cover a greater field of use-

5

fulness to its member banks in that it is destined to be the depository not only of the legal reserve requirements, but will be used as
a depository for any excess reserve that may accrue in the ordinary
course of business.
And it is believed in a few years that the domestic exchange
of the country will be drawn on the several Reserve Banks instead of
New york, Chicago and other points•
If this is true, petitioners represent, surely the business of
this tobacco section, so vitally linked to Louisville, or a district of which Louisville is a Part, should not be divorced from its
natural course.
Briefly, reserves, either legal or excess reserves would accumu
-late more readily following a natural course of business to the
Reserve Bank center than if diverted to follow unnatrual courses.
Finally your Petitioners would respectfully represent, that the
tobacco interests represented by- the Clarksville and Springfield
District would cover something like fifty million pounds of tobacco,
at an aPProximate price of about eight cents Per Pound, requiring
banking transactions as to these alone in the pit. chase of the crop
of some four millions of dollars; that the demand for this comes
at a time when it is in conflict with the cotton demand, and your
Petitioners, whose main business is derived from the tobacco industry, directly or indirectly, are put in a district of bsuiness of
which they constitute only a small part as opposed to the enormous
transactions involved in the cotton business, and which would consti
-tute a large Part of, or one of the main Parts of the banking busi
-ness of the Atlanta District, and. that they can not, and will not
have, as they believe, the sane facilities, the same Protection, and
the same care taken of their interests, and the interests of these
counties in the Atlanta District as they would have in a st. Louis
Reserve District, of which they are naturally and. normally a part by
reason, not only of geograPhical conditions, railroad conrn ctionst
but the normal and natural course of the movement of the trade, and

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Federal Reserve Bank of St. Louis

•

•

•

6

the long habit and course of the same.
In support of the contention that this section is best served
by a District of which Louisville, Kentucky is a Part, petitioners
beg leave to refer to the fact that the Secretary of the Treasury)
has recently allowed the National Banks located in and doing business at Clarksville, to become members of the National Currency Association of Louisville, Kentucky, and this was allowed notwithstand
-Ina that a Currency Association had been formed and put in operation at Atlanta, Georgia, a recognition in our opinion of the fact
that the Northern Portion of Tennessee could not be served conveniently by an Association located at Atlanta, Georgia.
And that just such a contingency as has arisen, and just such
a condition as confronts your Petitioners was contemplated in the
Federal Reserve Act, where there was an express Provision, “that the
Districts shall be apportioned with due regard to the convenience
and customary course of business, and shall not necessarily be coterminus with any State or States".


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Federal Reserve Bank of St. Louis

Respectfully submitted,
The First National Bank of Clarksville
ennessee,
By
The Cl
1

sville National Bank of
ksv lle, Tennessee,

By

1)

The Springfield National Bank, of
Springfield, ennessee,
•
By
The
By

es Nal onal 131 k of Springfi ld T
es e
'HAW

•

We, the undersigned State Banks in the District above mentioned
do heartily endorse and join in this petition, in so far as we can,
as we believe it to be to the best interest of the Banking inter—
ests in these counties, and to the best interests of the counties
themselves, that these three Counties be Placed in the St. Louis ms
—trict instead of the Atlanta District.


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Federal Reserve Bank of St. Louis

Respectfully Submitted,

, Northern Bank of Tennessee,
CT,ARKA

FIRST TRU

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Federal Reserve Bank of St. Louis

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To the Honorable Federal Reserve Board.
The petitioq of The First National Bank and The Clarksville rational
Bank, both of Clarksville, Montgomery County, Tennessee; and The Springfield National
Bank, and The Peoples National Bank, both of Springfield, Robertson County, Tennessee,
do respectfully petition that the Geographical limits of the Sixth Federal Reserve
Bank District, be changed by the detachment of the northern boundary of said Reserve
Bank District of the Counties of Stewart, Uontgomery and Robertson, in that these counties be attached to the Eighth Federal Reserve Bank District of St. Louis, so as to
form a portion of the southern part of said Eighth District Reserve Bank or in such
manner as your Board may determine.
A map is attached as Exhibit "A" to this petition, showing the line
as prayed by your petitioners to be run.
The Federal Reserve Bank Organization Committee did not in the selection
of the several Reserve Bank Districts follow state lines or boundaries, and the Counties
enumerated herein can easily be detached. Clarksville, Montgomery County, Tennessee,an
is a City of about Nine thousand population; its principal commercial crop being Dark
Leaf Tobacco; the major portion of which is eXported to European Countries, involving
an exchange operation via New York City, or through letters of credit established in New
York City,-- wheat,corn and hay being auxiliary crops.
Its Banking Capital, Five institutions, two of whicl are National Banks,
have a combined Capital of Three hundred and Eighty Three Thousand Dollars, and a combi
ned deposit of One Million Five Hundred Thousand Dollars. It is served by the Louisville
and Nashville Railway Company, with a direct connection to St. Louis, within a twelve,
hour run, and in direct connection with Lou4 svLlle, Kentucky, within a six hour run
eLther point being accessible for the transacten of business on the following day.
Springfield, Robertson County, Tennessee, has a- population of about Twenty
five Hundred; its Banking Capital, Four Institutions, two of which are National Banks,
with a combined Capital of Two Hundred and Fifteen Thousand .Dollars, with a combined
deposit of about nine Hurdred ani seventy Thou2and Dollars ;.has also as its principal
commercial crop Dark Leaf Tobacco,- with wheat, corn and hay as. auxiliary crops.
It is served by the Louisville 83 Nashville Railway Company, with direct
connection with either St.Louis, or Louisville,Kentucky, either point being accessible
for the transaction of business on the following day.
Considered from any standpoint, Geographical convenience, Commercially,
Transportation Facilities, Rapid and easy communication between points, the territory
served by Clarksville, Tennessee, and Springfield,Tennessee, belongs in a District of
which Kentucky, and particularly Louisville, Kentucky is a part, and Louisville, Kentucky
is a part of the Eighth District, or a part of the St. Louis Riese rve Bank.
Your petitoners constitute all of the National. Banks in the territory
sought to be changed, and respectfully submit;
FIRST:- Unmistakably the trend of the business of the two Communities is
Northward, less than one per sent of the business being South or Nashville, Tennessee.
SECOND:- Tobacco being our Commercial Crop, and principal money producing
commodity,- seventy rive per cent of which is Exported to European Countries, and the
business transactions resulting therefrom having heretofcre been handled throughLouisvile,
Kentucky, St. Luis, Mo, and New York City, every effort should be made to promote business
convenience and normal movements by attaching this territory to the St,Louis Reserve Bank
District, its natural,convenient and normal course.


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Federal Reserve Bank of St. Louis

•

Third:— Petitioners respectfully represent that St.Louis, Mo. and especially
Louisville, Kentucky, is familiar with the conditions the customs and transactions origin—
ating in this territory and that they can best serve our needs, being throughly familiar
with the whole course of business, the times and amount needed, the methods in which the
transactions arising from this community are handled, to say nothing of the very much more
convenient handling of the business arising therefrom.
Fourth,— The St, Louis Reserve Bank has on its Board of Directors two men ion
oonneeted with and quite familiar with the business requirements of this section, in the
person of Mr. Oscar Fenley of Louisville, Kentucky, and Mr.F.O.Watts of St. Louis.
Fifth:— Your petitoners would respectfully represent that the business of
section sought to be removed, can tot be served conveniently by Atlanta Reserve Bank,
this
not only on account of Geographical situation, but ease of access, familiarly with the
business and the fact that the Directory of the AtLanta Reserve Bank is composed of men
with out any experience, not familiar with or knowledge of, regarding the transacions
arising from tobacco, its marketing, the export business in connection with it, or the
needs and repuirements of this section in relation to it.
Sixth:— Your petitioners would further represent, that the petitioning
banks can be withdrawn from the Atlanta Reserve Bank without weakening it in regard to
the Capital requirments under tie Federal Reserve Law.
Seventh;— Pptitoners submit that it is true that seven eights of the tobacco
territory of Kentucky and Tennessee has been attached to the St.Louis, Federal Reserve
Bank, while only one eighth has been attached to the Atlanta Federal Reserve Bank, this onc
eighth comprising the tobbaco District located in Stewart, Mongomery and Robertson Counties
splitting these counties off of and taking them out of the natural, ordinary and customary
course of the business, the main business originating within these counties, taking them
from that District which comprises nearly all of the sections inwhich this commodity
constitues ni main money commodity, an putting them in a district unnatural inconvenient
and ignorant of the needs of this particuler section, and deprived of the benefit of the
cooperation naturally resulting and the efficacy of the rangements naturally resulting in
the districts in which the transaction arising from the tobacco business, constitute one
of the main parts of banking transactions and banking facilities.
A division of the tobbaco section of Kentucky and Tennessee in such propor—
tion as between the Eight and Sixth Reserve Bank District can serve no good purppose
the withdrawal of the one eight allotted to the ATLANTA Bank would place this interest
where it naturally and normally belongs.
Eight:— Petitioners would respectfully submit, that putting them in the
Atlanta Reserve District causes a wholly unnecessary and useless discrimination against
them as against State Banks in these Counties as these State' Banks can make their own
arrangements with the natural course of the trade, and with Bankers whose officials are
familar with the repuirements of these districts, and it places them at a very grave
inconvenient and disadvantage as compared with the State Banks in the same two towns
of Clarksville and Springfield.
And it discriminates also against the interest of this particular section
of the tobacco District, Stewart, Robertson and Montgomery Counties, putting this Distric.
at a disadvantage as to their tobacco handling facilities as against the State Banks in
these same three counties who can as stated make their own arrangement and follow the
usual channels of trade: naturally they should be handled by men familiar with the


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Federal Reserve Bank of St. Louis

•

conditions, the values, the securities arising from th-Ls industry, so that the facilities
may be given the different parts of the tobacco district, and net discriminate against one
eighth of that District, and pub it at a disavandtage, not only with the balance of the tol
.cco district, which was and should have been allotted to the St. Louis District, but also
)laces the National Banks in the District at a grave disadvantage as compared with the
State Banks,
Ninth:— While it is suggested that the true contention of the Federal Res—
erve Bank is to hold the legal reserve requirements of its member banks, your petitioners
respectfully state that they believe, and it is the belief of the Banking interests,
that tle system of reserve banks will eventually cover a greater field of usefulness to its
member banks in that it is destined to be the depository not only of the legal reserve re—
quirements, but will be used as a depository for any excess reserve that may accrue in
course of business.
And it is believed in a few years that the domestic exchange of the country
will be drawn en the several Reserve Banks instead of New York, Chicago and other points.
If this is true, petitioners represent,surely the business of this tobacco
section, so vitally linked to Louisville, or a district of which Louisville is a part,
should not be divorced from its natural course.
Briefly, reserves, either legal or excess reserves would accumulate more
redily following a natural course of business to the Reserve Bank center than if diverted
to follow an unnatural course.
Finally. your petitioners would respectfully represent, that the tobacco
Interest represented by the Clarksville and Springfield District would cover something like
:ifty million pounds of tobacco, at an approximate price of about eight cents per pound,
requiring banking transactions as to these alone in the purchase of the crop of some four
million of dollars; *that the demand for this comas at a time when it is in conflict with
the cotton demand, and your petitioners, whose main business is derived from the tobacco
industry, directly or indirectly, are put in a district of business of whch they constitut,
only a small part as opposed to the enormous transactions involving in the cotton business,
and which would constitute a large part of, or one of the main parts of the banking busin—
ess of the Atlanta District, and that they can not, and will not have, as they believe,
the same facilities, the same protection and the same care taken of their interest, and
the interest of these counties in the Atlanta District as they would have in a St. Louis
Reserve District, of which they are naturally and normally a part by reason, not only
of geographical conditions, railroad connections, but the normal and natural course of
the movement of the trade, and the long habit and course of the same.
In support of the contention that this section is best served by a District
of which Louisville, Kentucky, is a part, petitioners beg leave to refer to the fact that
the Secretary of the Treasury, has recently allowed the National Banks located in and
doing business at Clarksville, to become members of the National Currency Association
of Louisville, Kentucky, and this was allowed notwithstanding that a currency asscciatiol
had been formed and put In operation at Atlanta, Georgia, a recognition in our opinion of
the fact that the Northern portion of Tennessee could not be served conveniently by an
association located in Atlanta, Georgia.


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Federal Reserve Bank of St. Louis

•

0

•

And that just such a contingency as has arisen, and just such a condition
as confronts your petitioners was contemplated in the Federal Reserve Act, where there
was an express provision, "that the Districts shall be apportioned with due regard to
not necessarily be coterminus
the convenience and customary course of business and
with any State of States".


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Federal Reserve Bank of St. Louis

Respectfully submitted,
First National Bank.
Clarksville,Tennessee.
(Signed)

WESLEY DRANE.
Pros,

Clarksville National Bank.
Clarksville,Tennessee.
(Signed)

ARCHER HOWELL.
. Pres.

Springfield National Bank.
Springfield Tennessee,
(Signed)

W. E. RYAN.
Pres.

Peoples Naiional Bank.
Springfield Tennessee,
(Signed) H. T. STRATTON.
Pres.

•

SIXTY-THIRD CONGRESS.
JOHN J. FITZGERALD. N. Y., CHAIRMAN.
SWAGAR SHERLEY, KY.
FRECF.R/CK H. GILLETT, MASS.
CHARLES L. BARTLETT, GA. JAMES W GOOD. IOWA.
JOSEPH T. JOHNSON, S. c.
FRANK V. MONDELL, WYO.
ROBERT N. PAGE. NC.
CHARLES R. DAVIS, MINN.
GEORGE W. RAUCH, IND.
WILLIAM M. CALDER, N.Y.
JOSEPH W. BYRNS, TENN.
WILLIAM S. VARE, PA. ,1
THOMAS UPTON SISSON, MISS. WILLIAM II. HINEBAUGH:0 1,0P
: .
EUGENEiF. KINMAD. N. J.
'
WILLIA7. BORL4NO. MO.
GEORGE HITE. 01.E
JAMES MOANDRiWS. ILL.
BRYAN F.*KeAN. CONN.
WOODA N.CARR, PA.
GAMES 0. COURTS, CLE
MARCELLUS C. SHEI
ASSISTANT CLERKS.
WILLtAM A. RYAN,

rf"
.\15
• ‘1

COMMITTEE ON APPROPRIATIONS,
HOUSE OF REPRESENTATIVES:\
WASHINGTON, D. C.

October 3, 1914.

The Federal Peservz Board,
,
Tashington, D.C.
'Ty dear sirs:
I.hand you herewith the petition of the four ::ational
2anks located in Clarksville and Springfield, Tennessee, asking that
the counties of Yontgomery and Robertson, in which these to-ns aro
located, and the county of Stewart be detached from the Sixth and
attached to the Eighth or St.Louie Federal Reserve, Dietrict.

This pe-

tition which is signed by all of the Yational Banks in the said territory and is endorsed by fcur of the largest State Banks fully and
clearly sets forth the reasons why this change is asked.
In this connection, I desire to emphasize the suggestion
that tcbacco is the rrincipal money crop cr commodity of thee three
counties, its annual valuation being more than

4,000,000.

Puny

three fcurths of this is exported and the business transacticns in
connection therewith have heretofore been handled entiroly and exclusively through Louisville,

t. Louis and New Ycrk.

The trend of business

is unqu-stionably entir1y northward, and the present arrangement
OSERITft

w

(A.)

z*F

undoubtedly result in disturbing business convenience, and seriously
Irc,t,11-fere with the natural convenient and normal course of trade or
hd .
communities. The .
petition shows that hitherto less tl.ar. one per-

""' $ceAv of the business of these co -unities has been done south cf Nashville

-Z1 1100


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Federal Reserve Bank of St. Louis

SIXTY-THIRD CONGRESS.
JERALD, N. Y., CHAIRMAN.
,ERLEY, KY.

FREDERICK H. GILLETT. MASS'.

L. BARTLETT, GA.

JAMES W GOOD. IOWA.
FRANK V . MONDELL. WYO.

T. JOHNSON. S• C.
AT N. PAGE, N. C.

CHARLES R. DAVIS. MINN.
WILLIAM M. CALDER, N. Y.

.ROE W. RAUCH, IND.
JSEPH W. BYRNS. TENN.
THOMAS UPTON SISSON, MISS.

COMMITTEE ON APPROPRIATIONS,

WILLIAM S. VARE. PA.
WILLIAM H. HINEBAUGH. ILL.

HOUSE OF REPRESENTATIVES,

EUGENE F. KINKEAD. N. J.
WILLIAM P. BORLAND. MO.
GEORGE WHITE. OHIO.

WASHINGTON, D. C.

JAMES MCANDREWS. ILL.
BRYAN F. MAHAN, CONN.
WOOOA N. CARR, PA.
JAMES C. COURTS, CLERK.
MARCELLUS C. SHEILD,}

ASSISTANT CLERKS.

WILLIAM A. RYAN.

ennessee.
7ay I cell your particular attenticn to the statement in
the petition that these three counties produce nearly all of the tobacco
grovn in Ten- essee, which stands fcurth in the list of the tobacco rro—
'ducing states, and that they constitute abcut one eighth of the tobacco
territory cf Tennessee and 7entucky.
attached to the Pt. Leeds district.

The renaming seven eighths is
Tc separate these counties from the

other sections in Tennessee and Kentucky, in which tobacco iE the chief
money crop or connedity, involves the gravest sort of ccnsequences to
their business and banking interests, in that they will be deprived of
that ccoperaticn which naturally results from like incrests.

Resides,

it will be an effort to change the natural convenient and tnerefer_,
ordinary and customary course of business ehich cannot be done with either.
convenience safety or profit to the pecple interested.

I respectfully

submit that these ccuntiee shculd, by all neans, be assigned to the dietridt
embracing all of the other tobacco producing counties in Tennessee and
Kentucky.

Especially is this true sinc

cr cernodity of the Atlanta Estrict.

cotton is the chief money crop
All of its territory is primarily

interested in cotton, except this one small portion.

Its cfficials cannot

be familiar with the conditions and values cf securities, arising frcm
the tobacco industry, arid this particular territory will
be placed at a
serious disadvantage with the balance of the tobacco 'istrict, unless
this petition is granted.

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Federal Reserve Bank of St. Louis

It .ill rct receive that sympathetic consider—

•

SIXTY-THIRD CONGRESS.
TZGERALD. N. V. CHAIRMAN.
SHERLEY. K Y.
FREaERiCK H. I:WILLETT. MASS.
.ES L. BARTLE T, GA.
JAMES W GOOD. IOWA.
PII T. JOHNSON S. C.
8ERT N. PAGE, N. C.
AORGE W. RAUCH, IN 0.

FRANK V.. MONDELL, WYO.
CHARLES R. DAV;S, MINN.
WILLIAM M. CALDER, N.Y.

COMMITTEE ON APPROPRIATIONS,

JOSEPH W. BYRNS, TENN. I

WILLIAM S. VARE, PA.
THOMAS UPTON SISSON, MISS. WILLIAM H. HINEBAUGH. ILL.
EUGENE F. KINKE 13, N. J.
WILLIAM P. BORL ND, MO.

HOUSE OF REPRESENTATIVES,

-2- F.P.T.

GEORGE WHITE.0HID.

WASHINGTON, D. C.

JAMES MC ANDRE WS, ILL.
BRYAN F. MAHAN. CON N.
WOODA N. CARR. PA.
JAMES C. COURTS, CLERK.
MARCELLUS C. SHEILD.
} ASSISTANT CLERKS.
WILLIAM A. RYAN,

ation and attention bcrn

of an intimate kncwledge of the actual

needs of the tobacco industry and its value.
The demand for banking transactions and facilities for
tobacco and cotton comes at practically the same time of the year.

Yhat

can these tobacco producing counties expect under the present arrangerent, in view of the fact that cotton is the o -verkhelming money crop
or commodity of the Atlanta ristrict?

The cfficials ray be willing to

afford reli-f or consideration, but they

be deterred from doing so

to that extent which reasonably ought to be expected by the constant
and pressing demand in behalf of cotton, coming as it will at the s&MO
tine, as well as by their unfamiliarity vith the true conditions and
value of tobacco securities.
Permit re to say further that the present arrangement
will offer no inducements to the State -Ean'es of these communities to
become member banks in the Federal Reserve organization, something -hich
am sure, is very much desired b7 the -.card ara3 the administration.

This

is clearly shcwn by the indcreement of the request by the only State Peanks
in the -territory involved which are probably eligible to become member
banks.

None of these banks will think cf becoming member banks if they

are thereby to become a part of the Atlanta Reserve District.

To dc so

would be for them to abandon the natural and convenient channels of
trade, made so by long eetablished custom and community of interests, and
to rely for extra banking facilities upon a reserve bank which is not

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SixTY-THIRD CONGRESS.
FITZGERALD. N. Y.. CHAIRMAN.
AR SHERLEY. KY.
FREDERICK H. GILLETT, MASS.
ALES L. BARTLETT, GA.
JAMES W GOOD, IOWA.
4EPH T. JOHNSON, S. C.
FRANK V.. MONDELL, WYO.
.00CRT N. PAGE. N. C.
CHARLES R. DAVIS, MINN.
/GEORGE W. RAUCH. IND.
WILLIAM M. CALDER. N. Y.
JOSEPH W. BYRNS, TENN.
WILLIAM S. VASE. PA.
THOMAS UPTON SISSON. MISS WILLIAM H. HINEBAUGH.
ILL.
EUGENE F. KINKEAD, N. J.
WILLIAM P. BORLAND. MO.
GEORGE WHITE. OHIO.
JAMES MC ANDREWS, ILL.
BRYAN F. MAHAN, CONN.

COMMITTEE ON APPROPRIATIONS,
HOUSE OF REPRESENTATIVES,
WASHINGTON, D. C.

-,

WOOGA N. CARR, PA.
JAMES C. COURTS, CLERK.
MARCELLUS C. SHE'LL:I.}
ASSISTANT CLERKS.
WILLIAM A. RYAN,

only unfamiliar

ith the n eds of the tc.,cc

i'llustry, but is infinitely

more int-rested in transactios involving cotton, in -lich the patrons
of the banks in question have nc interest 7;hatevp.r.

These ste banks

undoubtedly prefer the normal, long established and convenient
channels of trade, rather than thro-/ themselves into a system which is
sure to prove a disappointment when assistance is most needed. Thus,
the
the present arrangement in effect invites/state banks to stay cut and
at the saretime penalizes, or to say the least, places at a serious
isadirantage the naticnal banks of the territcry

Ihich under the terms

of the law and their present assignrent, must look southward and to
Atlanta for relief or assistance, rather than to those with -:fLom they
have heretofore been in the habit cf doing business and whose

inter_sts

are similar.
The petition clearly and forcibly amplifies these and rLany
other reasons shoring the necessity of the change, inclu'ling the potent
fact that St.Lcuis can be much more easily and quickly reached than
Atlanta from any part of the counties referred to.
I earnestly ask ycur careful consideration of this peti—
tion and hope th-,;.t it will receive favorable action.-

The change cannot

possibly disturb the equilibrium cf the Federal Reserve Districts a:: now
established, for it involves only a slight change in the present
bour:Qtries cf the r - spective districts, and the amount cf bank capital
involved is com; aratively small.
:
Respectfully yours


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•

FEDERAL RESERVE BOARD

October 3,

Dear — . Willis:
Will you kindly prepare a letter
for me, acknovledging the within petition
of national tr,nks of Tennessee, and also a
letter to CurTressman Byrns?

Will you

kindly, also, see if the petition is in
accordance with our regulations, and, if
not, advise me?
Very sincerely yours,

H. Porkor Willis, Esq., Secretary,
7ederal Reserve roard.


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