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Federal Reserve Bank of St. Louis

122.5-9 - Wisconsin Appeal
(Part 5)
Boundaries of FRDistricts

I4

December 19, 1950.

Mr. E. H. Gough,
Deputy Comptroller of the Currency,
Washington, D. C.
Dear Mr. Gough:
Aeceipt is acknowledged of your letter of December 18
requesting a certified copy of the original designation of the
geographical limits of Federal Reserve District No. 9 and a certified copy of any order issued by the Federal Reserve Board
amending the geographical limits of this district.
Pursuant to your request, I am enclosing herewith a
certified copy of an order made by the Federal Reserve Board
amending the geographical limits of Federal Reserve District No. 9.
I have also certified that this is the only order issued by the
Federal Reserve Board amending the limits of this district. It
appears, however, that the designation of the original geographical
limits of Federal Reserve District No. 9, made by the Reserve Bank
Organization Committee, was, in accordance with the provisions of
Section 4 of the Federal Reserite Act, filed in the Office of the
Comptroller of the Currency. The certified copy of the original
designation of the limits of this district should, therefore, be
made by your office.
Very truly yours,

E.M.McClelland,
Assistant Secretary.
Enclosure
13,2W:

#447


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Federal Reserve Bank of St. Louis

vbr

Form No. 13J

Office Correspotd.ence
TO_CITc.,,xLer11.1
Frmm

FEDERAL RESERVE
BOARD

•
Date

Dec-mber 18

19V)

Subject:

Mr. McClelland
•PO

PI 1
With reference to the attached request from the Deputy Comptroller
of the Currency for a certificate of the boundries of the Ninth Federal
Reserve District, the records of this office show that there has been
only one change in the original boundries of the district ordered by the
Board on October 13, 1916, as reported on Page 596 of the November, 1916
Bulletin.


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Federal Reserve Bank of St. Louis

2-95

•

TREASURY DEPARTMENT
WASHINGTON

December 18, 1930.

COMPTROLLER OF THE CURRENCY
ADDRESS REPLY TO
"COMPTROLLER OF THE CURRENCY"


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Federal Reserve Bank of St. Louis

Secretary,
Federal Reserve Board.
Dear Sir:
Please furnish a certified copy of the following:
1.

Original Geographical designation of the territorial
jurisdiction of the Federal Reserve Bank of 7Inneapohs, lannesota, District No. 9.

2.

Copy of any order of the Board making any changes in
the boundaries of this District.

This information is desired for use of the United
States Attorney.
Respectfully:)

E. H. GOUGH
Deputy Corn troller.

BWID ME\

VEUML

It
T/

Jane 28, 1918.

Mr. t. ;7, ribsch,- Cashibr,
bircolr Courty Bare.,
MerrIll,V.isceroir.
Dear Sir:
Your letter of Juno

O addressed to the Federal

Reserve Board a'-c3. statire; the situatior with rospect to
districtirg, of the rederal Reserve System has .;eer brouCit
to the attertior of tile Board, ard I have beer clirectee.1 to
reply to you.

The Board appreciates the difficulties of

which yoil woo&z, brAt. han ctt TTOnert ro plar Or 1:rtOrt with
refererce to the chargirc of district lireti ir your sectior of
the (.ourtry.

If you feel strart:ly that to districtirp; should

be charGed, it in a matter 14,h5ch would have to be taker up
with trio several barks of your regior, as of course it would
rot be warrartable to cc)raider a charge urlens it was very
strorgly desired by the whole or a large portior of the barks
affected by it. In a gereral way the 3oarcl is roluctart to
maize charges 5.1- di13triete urless there is some very good reasor
for doirg so.


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Federal Reserve Bank of St. Louis

You irquire vheliter there is ary charce of your gettirg a henriri; or the question, ard with refererce to this I


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Federal Reserve Bank of St. Louis

lir. Teeoh. 2

1,11V EIV that arythi,
,g you may presert will be giver very
careful 3or'sideratio

by tho Board.

ID crier to be effective,

however, as I have just irdicated, it should represert the
viewl ryf: Ilractica.117 all the banks liJcoly to be affected by
it.
Yours very truly,

Secretary.

•

•

A.H STANGE,PREsioENT.

CHAS.J.KINZEL, VICE PREST

WM.J.TESCH, CsRIEp.

A.GRUETT, ASST CASHIER.

coin
'
_

‘. _

unty

/

\II

c`;')C-'•

June 20, 1918.

cs4
Federal Reserve Board,
Washington, D. C.
Gentlemen;
For sometinw we have felt that we ought to join the Federal
Reserve System, either as a State Bank, or preferably, by nationalizin;:
, our institution, but have hesitated to take the step be'cause we arc in the Minneapolis district, and not in the Chicago
district, where we feel we belong.
We have no direct train connection with Minneapolis, mail is
usually two days in transit, ana it is so inconvenient to get • to
Minneapolis from here that we rarely call there in person.

Our-

blAsiness connections are all at Milwaukee nnd. Chicago, and
practically all the business of our manufacturers and merchants
is cleared through the Chicago district.

The trend of trade

from the Wisconsin River Valley is practically all South and
East, not West.
The same arguments apply in our ca!,, e, as were brought to
bear at the time a portion of Wisconsin was taken out of the
MinneapOlis district and added to the Chicago district.

When

that was ra,ade, Marathon County, udjoinii.is us on the South, and
LankLlade County on the Last, were included in the Chicago district, but for suae reason, our County, Lincoln, and others north
of us were left in the Minneapolis district.


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Federal Reserve Bank of St. Louis

•
A H STANGE,PREsIDENT

CHAS.J.KINZEL, VICE PREST.

WM.J.TESCH, CASHIER.

A GRUETT, ASST.CASHIER.

Ildrin@glln @oallnly Rcank.
ME R,RELLA,y/iSt.

Federal Reserve noard0

Vie

do not wish to burden you with a lengthy recital of our

case, but as we understand it, any chanse in any district whose
boundaries are established, can be made only

by the Federal

Reserve noard, so we are taldn6 this matter up directly wit:a you.
If there is any chance of (1);ettin,_; a nearing

n this question

at this time, we shall be glad to present our case in any manner
that you may suggest.


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Federal Reserve Bank of St. Louis

Yours truly, ,

,dashier.


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Federal Reserve Bank of St. Louis

kr.
Oa Eh3.or, Fir et Nat tonal Bank,
mb Laic fa, U soon atm 4,

Your lot tor of

73re h 19.t6 at hard.

has voted not to tae:e any intriod

Tie Board

te ut cps in the Taylor

Count.v Ir,,at ter, hut I shall be clan to advise you when
ct iv taken up for c.onsid.erat ion.

•

UPJOUN. PREW'T
E. C. GETcnut.. C.1%1IIER
C. GETCUEL, VICE PR I.:14'T
I.. L. TAYLOR. DIRECTOR
E. J. KRINGEL. DIRECTOR

IILIKsIT LigLAITO@LNALL. 1.1314INS
CAPITAL S25,000
0003
. U41.
1Sigo VIRge

arch 19, 1917.

Federal Reserve Board,
Washington, D. C.

Gentlemen:- From your recent lette;\I
understand that at your next meeting you will consider
the application of transferring Taylor county, Wisconsin
from the Ninth to the Seventh District.
I rtm very T)only interested in this matter and if allowed
or invited to be present at your next meeting I would

11.-0".9

a strenuous effort to be there, but it would be necessa
ry
for rie to konw the date of the meeting several days in advanee
.
I might not be able to attend but would endeavor to lo so
and perhaps Hr. L. D. Russell, Cashier of the First National'
Bank of Medford, Wis. would also be able to attend.


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Federal Reserve Bank of St. Louis

Very truly yours,
CPCsbier.


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Federal Reserve Bank of St. Louis

PSEFVE iOi. FILE

. C. Getchel,
Cashier,
Rib Lake, Wisconsin.

Further answering your letter of the
4th instant, requestins the transfer of 2aylor
County, A.sconiiin, to the Oeventh iedoral Reserve
District, I am requested by the Board to inform
you that after considering the matter it has determined, for the present at least, to take no further
action in the matter.

Your letter, however, will

be retained upon the files for such future action
I.13

the Board may finally determine to take.


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Federal Reserve Bank of St. Louis

-arch 109 1917.

r. E. C. Cretchel,
Cashier First :Tational Bank,
Rib Lake, Tiscorasin.
Dear Sir:Your letter of the 4th instant requesting
the tran2for of TO71or County, A.sconsin, to the
7th ;INaderal Reserve district, has been received
and has been referred to a special comnittee which
will consider it, toGvither with other requests of
like nature.
You will be advised in due course as to any
action that nay be taken.
7ery truly :iours,

30vernOr.

•

NIES UPJOHN, PREWT
'
. C. GETCHEL, CASHIER
. GETCII EL, VICE PRES'T

"

I.. L. TAYLOR. DIRECTOR
E. .1. KR[NOEL, DIRECTOR

FULF3@ir INLAITOGINM LULU
CAPITAL $25,000

OAK@ LUCKZ„ Vigtg,

March 10th, 1917.

Federal Reserve board,
Washington, D. C.

//7

Gentlemen:-

1 have ,your_pjacknowledging
receipt of 4th. inst. I thank you for this courtesy and
_
._. _ _ •
sincerely hcpe when your board meats that before deciding
they will fully and impartially consider the convenience
of the national banks of Taylor county.


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Federal Reserve Bank of St. Louis

Very truly yours,

Pi:6

/
2-tj:_t
Cashier.

ilkssE144,


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Federal Reserve Bank of St. Louis

...

nel

44

I:arch 7, 1917.7?;Vr.

L. k.;. 3eto4e1,
Cashier-,' ?irst National Ban10
Krail Lake, :dsconsin.
(
ear 'An
Your letter of Larah •4th, stating your desire
thA T;_tylor Criunty be transferred to the 7th Federal
4.eserve rAstrict, is reccivea,
'

d. will be brought

promptly to the attention of the Federal aeserve 3ourd.
Very truly yours,

"::ecretary.

n

pit EL./ rILL.

.1 EN UPJOHN'. PRES'T
C. GETCH 13.. CARRIER
GETCLIEL, VICE PR EN,T
..I.. TAYLOR, DIRECTOR
E. J. KilINOEL. DIRECTOR

Vfolt)\

IF0!Fit@V NAITO@MLA 113L4
CAPITAL $25,000
SIM IWASInge 1.2Y:Kge

March 4, 1917.

Federal Reserve Board,
Washington, D. C.

Gentlemen:- I believe if I could see you
and talk with you for fifteen minutes I would have no difficulty in convincing every one of you of the greater convenience
it would be for this bank, that is, for Taylor County to be
transferred to the Seventh District.
Before the enactment of the Federal Reserve Act scarcely a bank
in this locality had banking connections with either of the Twin
cities, for the very good reason that they did not feel .he need
of such connections; it was so then and is so now. Probgly some
few banks have opened accounts in either St. Paul or Minneapolis
since the Federal Reserve bank has located there, but we l'ave
very carefully considered the matter and conclude our old con- .
nections with Milwauke and Chicago etm4 aro preferable, although%
we are subjected to a great inconvenience in transferring funds
and in many ways which can not be enumerated in an ordinary letter.
There is ffequently a week at a time we do not receive a communication from either St. Paul or Minneapolis (except from the
Federal Reserve bank), because the business of theOlocality does
not go in that direction.
Personally I have been in Minneapolis only three times in twelve
years because business does not call me there, while I find it
necessary to visit Milwaukee and Chicago once or w4164a twice a
year.
Ca# y9u not see the greater convenience it would be to UB if
Tayloi'
)were transferred to the Chicago district?
May I have a reply?


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Federal Reserve Bank of St. Louis

Very truly yours,
Cashier.

, :.
,
1 0 r,.el:•;, ,4,,,,,

(:
#t . . it( ,

ittit-et:- vd• . . z 4',. 4,

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L,cAtt,
A'','
i

-I •
Feb

RAL

RESERVE

26

1917

EOARD

1:TEORA7DIJI..1
or Mr.J

Hamlin

At a meeting of the Federal Reserve Board on
Feb. 26

, the following matter
(as nairman, Committee on
was referred to youCas member,
(as
The attached letter ( awd other p4pers) of F. F.. A.
Rich, dated Feb. 21, relative to the transfer of the Medford National Bank.

It was voted that you inform the

bank that the Board is indisposed to act on this matter
until the clearing system has been further developed.

Secreta

Please return this memorandura with copy of
documents resulting from action taken, if any,
Date
Documents
Signature


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Federal Reserve Bank of St. Louis


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Federal Reserve Bank of St. Louis

Yebruar.7 26, 1917.

Zr. L. D. Ruzsell,
Uashier, Eirst :Aational 13aalz,
:edford, Asconsin.
14 dear „ills:The

ocier.A. .:eservo Board has aiven

I,
careful consideration to your request ,p,11 to
transfer from the :.:inneapolit; to the Chicago
Federal ileserve District, bui; IlLs decided,
for the prew_mt at lest, to take no fxtion
In the matter.
Very truly yours,

Goveraor.


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Federal Reserve Bank of St. Louis

)
•

•

...,

...

4:1P‘, •D /
-.

-

.7ebraary 2, 1917.

Astir -r. Rich:I /1L.vo your letter of Fobra.;ry 2114,i
t) the iorvi,.m botwcon L:r• linemen.
Caeli.ta• of the Vicst
l'Asconstn,

13:zila.-. of KettOrt,

uci tho officers of your Bank,

vith rotors:leo to the recitlost of the First
tion31 raiz: of .:6ciforci fov ''‘,r4Lno1'or to
tho SewAith District.
shall Llt once lay this bofore
tho Board.
Verj sincerely yours,

.i4igiv,:a,0 C. Z. 1i:0111.44
John h. lash, 4eq.,
*huirmiln, Bo;.:rd of Directors,
Yedera liesorvo .1,11., of -inncupelie.

•
FEDERAL RESERVE BANK OF MINNEAPOLIS
NINTH

DISTRIC-r

RECEIVED

23 1917

OFFICE OF THE CHAIRMAN :
LB
AND FEDERAL RESERVE Ad
E NT OFFICE

OF

/

February 21
1 9 1 7
My Dear Mr. Hamlin:
Mr. L. D. Russell, cashier of the First
National Bank of Medford, Wisconsin, called at this bank
today with reference to transfer to the Seventh District.
I participated in the discussion, and am of the opinion
that Mr. Russell has presented no facts justifying this
change.
He admits that mail se:vice between Medford and
Minn3cipolis is as good as between Medford and Chicago.
In fact, mail arriving from Minneapolis reaches that point
on the same train that brings the Chicago mail. He was
able to show that the trip from Medford to Minnapolis is
not as convenient as from Medford to Chicago on account of
a lay-over at a junction point, although from Minna polis
to Medford, the service is as good as from Chicago to
Medford. Mr. Russell admitted that so far as practical
considerations are concerned, including the service rendered
by this bank, that he can enjoy as good facilities here as
7,ith the Chicago bank. He stated that the drift of
commercial business in his community is rather more towards
Chicago than towards Minneapolis; and it appeared that
because of the practice of Milwaukee banks of absorbing
exchange, they have bn able to build up more or less
business in his district. He admitted that our practice
of accepting Milwaukee drafts presents advantages over the
practice of the Chicago bank of taking them for two days
deferred credit.
Most of the arguments he presented had to do with
sentiment, rather than business, and it is my opinion that
he showed no disadvantaes of any kind that would justify
either Governor Weld or myself in recommending that the
application for transfer be favorably con:idered.
It is my opinion that this request ought.to be
denied, not alone upon the failure to present sufficieht
reasons, but becadse the establishment of such a precedent
in this case, would very likely bring on numerous other
cases of banks situated along the boundary lines, which
might wish to change their affiliations. In view of the
activities of the Milwaukee bankers, which are evident in
this case, it would appear likely that the action of the
Board in allowing the transfer of a single bank, or of a


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Federal Reserve Bank of St. Louis

a

•
Hon. Charles S. Hamlin -2February 21,1917.
single county, upon reasons such as Mr. Russell advances, would
open the way :or further nibbling away at oilr Wisconsin
boundaries, to the inconvenience and disadvantage of this bank,
These boundaries must be located somewhere, and there will
always be banks situatei close to the dividing line, that will
not be wholly satisfied. I think there were a number of banks that
ere transferred to the Chicago district that would be quite
willing to come back to the Ninth District if they could. It
did not appear from anythim: Mr. Russell was able to present,
that our member bank at Rib Lake, in the same county, joined
him in his effort, or that it had any special in erest.
Mr. Russell's desire for a transfer seems to rest upon
a situation which he himself disclosed. He wishes a Chicago
account, but has no funds at his disposal with which to
maintain it. For the sake of 3,/0 interest, he is maintaining
a balance at Marshfield, and he has two accounts in Milwaukee,
which he is unwilling to relinquish, because both banks absorb
exchange upon all items sent them, and allow him to deduct exchange
upon all items drawn on his bank. He thus takes a profit both
ways on the arrangement. Being short of funds, for this reason
he desires to use his account with the Chicago reserve bank,if
transferred, in lieu of an account with a commercial bank at
that point. There appears to be no reason for maintaining an
account at Marshfield, which is almost wholly inactive, and is
only drawn upon for the transfer of funds. If he were willing
to relinquish the 3% interest at that point or the special
concessions offered by the Milwaukee banks to attract his
business, he would undoubtedly have ample funds with which to
create a Chicago account and maintain an appropriate balance.
I concur with what Governor Sold told him, to the effect
that the transfer is of no great importance to this bank, one way
or another, except as it might establish a precedent, and lead
to further arguments and debates over minor boundary line
changes; and that we would put nothing in his way, if he could
show a solid and substantial case justifying the transfer.,I
think Governor Sold agrees with me that he was unable to make •
such a case in his discussion with us.
I might add that we have made an investigation of express
charges between Medford, and both Chicago and Minneapolis, and
find that they are preciaely the same.
I am reporting the facts as stated above at Governor Wold's
request, and have before me your note to him,in which you requested to be advised as to the results
he visit of the
officers of the Medford bank.
Ver
y yours,

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


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Federal Reserve Bank of St. Louis

ederal Reserve Agent.


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Federal Reserve Bank of St. Louis

I FEDHAL RES7E BOAFD
1

December 23, 1916.

Hon. I. L. Lonroot,
House of Representatives,
Washington, D. C.
Dear Sit:Your letter of the 4th instant was duly received and. oonsideration has bean civen your endorsement of the request of the ;iirst
ITational Bank of 1:edford, Taylor County, -inconsin, that T'aylor
County be included in the transfer to the ahicajo district.
The matter has been referred to the Governor of the ?ederal Reserve Bank of Llinneapolis, with the statorant that the Board -;)ould
be inclined to make the transfer unless sone valid objection can be
urced aL:ainst it.

The question will be tailen ur and acted upon

one way or the other as soon as the report from the 11inneapo1is Bank
is received.
Very truly yours,

Governor.

1
7


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Federal Reserve Bank of St. Louis

FE' *1.AL RESERVE BOARD
1

December 19, 1916.

Mr. L. D. Russell,
Oaahier Axot National Bank,
Ledford, Vasconsin.
Ity dear Sir:4s
Your letter of the 29th ultimo was duay received and has been
J.ven consideration by the Board.
all the Federal

L meeting of the Gdvernors of

eserve Banks vas recently held in Washincton and

the matter of your tranofer was discussed with

r. Theodore 7:o1d,

Governor of the Federal Reserve Bank of 241nneapo1ls.

He expressed

a cordial willin,lriess to discuss the matter of this transfer with
you and it is suayasted therefore that before this matter is taken
up formally by the Board for action, you confer with Governor ':old
of Kinneapolis and explain to hin why you wish to be transferred, so
that if possible your application for transfer mau receive his endorsement before it is finally disposed of by the Board.
Very truly yours,

Governor.


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Federal Reserve Bank of St. Louis

-

•
Race:NED

FEDERAL RESERVE BOARD

DEC 1 5 1916

WAS

owFICIg

December 14, 1916.

Dear Governor Harding:
I had a conference with Governor Wad this
morning on the subject of the request of the First National
Bank of Medford, Wisconsin, for transfer to the Chicago
District.

I suggested to the Governor that it might be

well for the officers of this bank to have an interview
with him before the matter was taken up by the Board.

He

expressed a cordial willingness to talk the matter over
with the bank.

I think if you would sugaiest this to the

Medford Bank it would be a good plan to be carried out.
Very sincerely yours,

Hon. W. P. G. Harding,
Governor, Federal Reserve Board.


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Federal Reserve Bank of St. Louis

•

FEDERAL RESERVE BOARD
WAS

December 13, 1916.

Dear Governor 1(9104
I I )/,
I enclose, herewith, a
letter from the Cashier of the
First
National Bank of Medford, Wis
consin.
Will you kindly read this ove
r and
I would be glad to talk wit
h you about
it before you leave Washington.
Very sincerely yours,

Hon. Theodore Wold,
cio Shoreham hotel,
Washington, D. C.

Enclosure.

•
HOME ADDRESS:

I. L. LENROOT

SUPERIOR, WIS.

""*.-1 DIST. WIS.

firax5t rif altprt5tntatitn5
Washington, p. or.
Dec. 4, 1916

!)F C

5 1916

Hon. W. P. G. Harding,
Governor, Federal Reserve Board,
Washington, D. C.
Dear Sir:
I am in receipt of a letter from Mr.L. D
Russell, Cashier of the First National Bank of Medford,
Taylor County, Wisconsin, under date of November 29th,
enclosing a copy of a letter to you of the same date,
wherein he asks that Taylor County be included in the
Chicago District, and in support of this request I will
say that I have personal knowledge of the situation,
and can personally endorse everything that is said in
this letter.

There is no direct line of railroad from

Taylor County to Ninneapolis, but only to Milwaukee and
Chicago, and if it is possible to secure the change requested, I very strongly urge that it be done.
Respectfully,

I)?

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Federal Reserve Bank of St. Louis

IA. W. Gissoii. E;RESIDENT
E. H. ScurvyErpE, VICE Plums.

•

L. D. RUSSELL.(lumina{
V. A. Hinson, Acksr.

5695

!
.0 /
THE FIRST NATIONAL BANK OF MEDFOR,D1*CAPITAL AND SURPLUS $50,000.00
DEC 11916
tiOVERNOR'S °FMCS

Taylor County,

MEDFORD.WIS., Nov. 29, 1916.

Hon• W.E.Q. Harding, Governor,
FeLeral Reserve Board,
Washington, D. C.
Dear Sir:This letter refers to your action of October 13th
ordering the transfer of certain Wisconsin Banks from
Federal Reserve District #9 to District #7.
We are very much disappointed that we are not
included among the Counties which will be transferred to the
Chicb4o District.
The reason given by the Board for the'transfer, will
apply to Taylor County, namely "that the convenience and customary curse of business will be served by a readjustment of the
geogrLphical limits of Districts number 7 and 9".
There are but two National Banks in Taylor County,
The First Nationcl Bank at Rib Lake and this Bank (First National
Bank, Medford), and the Cashier at Rib Lake has informed us that
his Bank should be in the Chicago District. We are the ones
directly interef;ted, and we presume that if we are able to show
that the most of our business is in Eilwaukee and Chicago territory, rather than Minneapolis territory, that your Honorable
Board, would consider our wishes and would be disposed to place
us where we believe that we belong.
For the purpose of ascertaining just what percentage
of ideL,ford checks handled by us, go into Chicago and Minneapolis
territory, we have kept a record from October 16th, to November
15th inclusive of all Medford checks which we have received by
mail. We enclose herewith a copy of this record for your inspection.


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Federal Reserve Bank of St. Louis

L. D. RUSSELL. 0Asunc.
V. A. Hinson. A.I.T. Csennote

Puns.

5695

THE FIRST NATIONAL BANK OF MEDFORD
CAPITAL AND SURPLUS $50,000.00

MEDFORD,WIS.,
PagE 2.
WECH-G.
This record shows that we have received 1342 checks
directly fron Chicago and Milwaukee Banks and 68 checks directly
from Minneapolis and St. Paul Banks. From the Federal Reserve
Bank we have received 167 checks. Thus, the total of items received from Minneapolis and ST. Paul including those from the
Federal Reserve Bank is 235. This is 85 0/ of our checks returned to us from Chicago territory, and 15-1 from Minneapolis
territory.
However, there are included in the items received
from the Federal Reserve Bank, Minneapolis, 82 items which passed
through either Chicago or Milwaukee Banks, and 49 items which came
from territory outside of the Minneapolis District. Figured on
this basis the items received from Minneapolis District which
properly belongea in that territory would be tut 75 leaving 93;3
for other territory.
Fully 95,; of our draft purdhasing patrons ask for
either Chicago or Milwaukee exchange, and while of course we can
tell then that Minneapolis exchange is just as good it is not
satisfactory to then and necessitates our carrying Chicago and
Milwaukee accounts, besides keeping our recuired reserve in the
Minneapolis Federal Reserve Bank. If we were in the Chicago
District we could draw all drafts on the Federal Reserve Bank,
Chicago, and we would not need the Minneapolis account.
We trust that you will see your way clear to order
Taylor County included among the Counties which are to be transferred to the Chicago District on January 1st next.
Very respectfully submjit

LDR/JE


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

a,

Cashier.

L. D. RUSSELL. anstime
V. A. ITIRSOn, ASST. CARitrnn

ic Palm.
5695

THE FIRST NATIONAL BANK OF MEDFOR_D
CAPITAL AND SURPLUS $50,000.00

MEDFORD. WIS..
LIMIT RD
,
fo '

CHECKS

Chgo. 1.111w. Idris. St.Paul

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

0
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http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

nteher 20 4 1916.

LA'• .4. G. Coalman,
Assistant Secretary,
-aseonsin Bankers
7,11400,

Dear Sir:
your letter of October 16, ren.uostinc3 a list of member
banks in the now districts Nos. 7 and 9, is received. The
November I issue of the Federal Reserve Bulletin will contain
all data relating to the transfer of counties and b:J.nkm in
these districts, and I will be pleased to send you a cipy as
soon as it is issued.

Association Officers:-

•

•

President, J. R. WHEELER, Columbus
Vice-President, WM. M. POST, Milwaukee
Treasurer, LEWIS LARSON, Cumberland
Secretary, GEO. D. BARTLETT '

S. M. SMITH, Janesville
A. C. KINGSTON, Chilton
E. J. PERRY, Fond du Lac
WALTER KASTEN, Milwaukee
J. J. JAMIESON, Shullsburg
W. E. SPRECHER, Independence
E. H. WILLIAMS, Milwaukee

Secretary's Office
Room 908 Pabst Building
Milwaukee, Wis.
Phone Main 390


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Federal Reserve Bank of St. Louis

Executive Council:-

GUY 0 BABCOCK, Grand Rapids
J. M. SMITH, Shell Lake
F. E. WOODARD, Watertown

Milwaukee,

Octocer 16, 1916

Secretary,
Federal Reserve Board,
Washington, D. C.
Dear Sir:
Will you be so kind as to send this office, when completed,
a list of the members of the :TTT districts Nos. 7 and 9, state
of Wisconsin.

lso, if obtainable, a map of Wisconsin since the

re-districting took plce. We wish to issue to our 850

ember

Bunks information relative to the recent changes in boundary
of these two Districts.
Very tr

Assi

um,

ant Secretary, W.B.A.

•
8145.
At a stated meeting of the Federal Reserve Board, duly held at its office
in the City of Washington, District
of Columbia, October 12, 1916.
PRESENT:
Mr 4
Mr.
Mr.
Mr.
Mr.
Mr.

Harding, Governor,
7arburg, Vice Governor,
Hamlin,
Delano,
Miller,
Williams.

In the Matter of Readjusting :
the Geographical Limits
of

ORDER AMENDING THE GEOGRAPHICAL
LIYITS OF DISTRICTS NOS. 7 AND 9.

Districts Nos. 7 and 9 in accordance with the power vested
in t-ie Federal Reserve Board
by Section 2 of the Federal
Reserve Act.

--THEREAS, the 'federal Reserve Board is authorized and empowered by Section P of the Federal Reserve Act to readjust the
Federal reserve districts; and
"FEREAS, upon further consideration of (a)

The petition of certain banks in 7isconsin for the transfer
from district No. 9 to District No. 7 of all that part of
Wisconsin situated in District No. 9 east of the western
boundaries of the counties of Ashland, Price, Tp,ylo,
Clark, Jackson and Monroe;

(b)

The answer of the Federal Reserve Bank of Minneapolis;

(c)

The briefs of counsel and arguments heard by the Federal
Reserve Board;

it appears to such Board that the convenience and customary course
of business and the best interests of the Federal Reserve System
will be served by a readjustment of the geographical limits of
districts Nos. 7 and 9;


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

.

0

845.

- 2-

N07,THEREFORE, the Federal Reserve Board doth order
(1) That district No. 7 be readjusted and altered so as to include the State of Iowa, all that part of Wisconsin located south of the northern boundary of the counties of
Marinette, Oconto, Langlade, Marathon, and Clark; and
east of the western boundary of the counties of Clark,
Jackson, Monroe, Vernon, Crawford, and Grant; all of the
southern peninsula of Michigan, viz, that part east of
Lake Michigan; all that part of Illinois located north
of a line forming the southern boundary of the following
counties: Hancock, Schuyler, Cass, Sangamon, Christian,
Shelby, Cumberland, and Clark; and all that part of
Indiana north of a line forming the southern boundary of
the following counties: Vigo, Clay, Owen, Monroe, Brown,
Bartholomew, Jennings, Ripley, and Ohio;
(2) That district No. .9 be readjusted and altered so as to include the States of Montana, North Dakota, South Dakota,
Minnesota, all that part of "isconsin not included in
district No 7, and all that part of Michigan not included in district No. 7;
(3) That the alterations in districts Nos. 7 and 9 directed in
this order become effective January 1, 1917;

(4)

That the Federal Reserve Banks of Chicago and Minneapolis
be notified of the changes made in the districts referred
to and directed to take such action as may be necessary
for the transfer of membership of the banks included in
the territory affected;

(5) That a copy of this order be filed with the Comptroller of
the Currency in order that the certificate of the Reserve
Bank Organization Committee may be properly amended.

7% P. G. HARDING,
Governor.
Attest:


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

H. PARKER WILLIS,
Secretary.

3

•

*

837(

STATEMELIT

OR THE ?RESS.

October 13, 1916)

The Federal aosorve Board today, acting upon the appeal of certain 7isconsin bankers, voted to transfer the territory included in the counties of Monroe, Jackson, Clark, Marathon,
Langlade, Oconto and Marinette, of -lisconsin, and all other counties
in the same State now in the Minneapolis District east and south
thereof, from the Minneapolis to the Chicago District.

No change

as to northern Michigan.


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

The transfer was made effective as of January 1, 1917.

$

OLL.t..41

0
At a stated meetinc of tho iecter9001,1
serve Boarkl, auly halt. at itd office
in thc: City of nishington, Dictrict
of Colucibia, October 12, 1916.

PRESENT:
,r. Pardit.6, Governor,
:4r. Warburg, Vico Governor,
V.r. Hamlin,
Dol3no,
Mr. Miller,
Mr.Williams.

In the ;:itter of RetWiustin. the Geographical Limits
of

:
:

ORDER kaNDING TEE GEOGRAPHICAL
LIMITS OF DISTRICTS 1103. 7 AND 9.

Districts N)s. ? and 9 in lccor,lance with t15 po:,er vested
in the Federal Reservo Loarq
by Section 2 of tle Fe(Jr,41
Re!Alrve Act.
•......

• • •• • •

wHiREAS, tha Feaeral Reserve Poard is authorizej and era1owere4 by Section 2 of the Yodere.11 Reserve Act to rw-IdjuAt the
Faerzli reserve districts; anii
WW1-ETAS, upon further consideration of (a) The petition of certAn banks in V- isconsin for the trant:Ifer
from ii:Arict No. 9 to District No. 7 of all tbat pert. of
Wisconsin situate:. in Distri:lt h. 9 est of thz- mistern
Oundarics of t1ie counties of Ashland, Price, Taylor,
C14rk, Jackson, and l'.4onroe;
(b) Therioer o: tle Felers1 1-:eservo 1.tri.( of .j.inneapolis;
(c) The briofA
counisel and arguments hard by the Feder31
Refiervt2 Poarl;
it nppears to such Board t.at the convenience an,i custory coure
of buninoss und tho bent interests of the Fetier:41 Reaerve Eyatem
will he nerved by a realjustent of the geographical limits of
districts Nos. 7 and 9;


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

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

10-17- 16

NOT, TiiERFFOlig, tho foo,erol Peoervo Board doth order -

(1) That

district No. 7 be re.odjooted and altered so as to incluOie the State of 'OVA, 11 tho.t poxt of Wioconsin located south of tha northorn bounlary of the counties of
Oarinetto, Oconto, LAngla,io, oarathon, ani Clork and
et of the wester() boundr-lry of tLe counties of Clark,
JacLoon, Konroe, vernon, Croo,ford, an Grant; all of the
southern peninsula of Michigan, viz, that part east of
Lote Michigan; all tat part of Iiiinolo located north
of a line forming the soutoern boundary of the following
counties: Eancock, Schuyler, Caso, Sumgamon, Christian,
Shelby, Cumberland, and Clark; and all that 'port of
Indiana north of a line forroino the soothern boundary of
the following counties: Vigo, Cla.y, Oven, Monroe, Brown,
Bartholomew, Jennings, Ripley, and Ohio;

(2) That district No. 9 be readjuoted and altored co oo to include thc States of "Jontanol, North Dakota, South ati400to,
Minneoota, all thot part of Tisconsin not included in
district No. 7, ani all tOat part of Michigan not included in district No. 7;
(3) That the alterations in districta No. 7 and 9 dirocted in
this order bscomo effective Jonuary 1, 1917;
(4) TlIt the Federol ;ieserve Bans of Chicago and :;.innao+olio
be notified of the chanFos no;de in tao aletrict$ reforrod
to arw aircted to tav.e such action au nosy be necesoaro
for the tranofer of i.emberahip of the ban ;,s inclued in
the territory affected;
(5) That a copy of this or:Ler be fileci wito the Comptroller of
the Currency in °Toler th' t the certificate of the Reserve
BanO Orgonization Conmittee tooy be properly amended.

,
Governor.

Atteet:

ocretary.

Form 40

TELEGRAM

•

FEDERAL. RESERVE BOARD
<2,2,
r
A

WAS H I N GTO N

AF.Tr

October 12, 1916.

A. Ueland, Federal Reserve Bank, Minneapolis, Minn.
a1 of' certin
The federal Reaerve Board today acting upon the
included
in the counties
territory
the
transfer
7:iscon3in bankers, voted to
8nel
')cont
of
Prarinette,
LLasiado,
of ::lonroe, Jackson,
in
the
State.now
samo
Minneapolis
ths
in
counties
all
other
7isconsin, end
District east gad south tAereof, from the qinnespolis t,7_, the Chier:,
Trmsfer ran mde effective
A) cnge as to northern i7ichigan.
District.
as of January 1, 1.17.

.e.aretary.

OFFICIAL BUSINESS
GOVERNMENT RATES
for FRASER
CHARGE FEDERAL RESERVE BOARD

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

‹.2

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

September 12, 1916.

7onorable 'Alliam Alden Smith,
United States Senate,
—ashington, D. C.
Dear Sir:This will acknowledge through reference
from the office of the Comptroller of the flurroncy
the letter of your Secretary, dated September 7, 1916,
enclosing a telegram from John "7. Staley, Vice ?resident of the first and Old Yational

an1, )etroit,

stating his belief that the States of L!ichigan and
"Asconsin should be a part of the Chicago Federal Reserve District,
The telegram will be laid before the Federal
Leserve Board.
Very respectfully,

Governor.

S

COMPTROLLER OF THE CURRENCY

"apt. 11,

1?16.

Mr. Allen:
I wonder if you will be good enough
to answer this inquiry which is made by
Senator Smith, through his secretary, Mr.
Dorsey,

making whatever reply would be

prcper from the Board.


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

Thank you.

Sincerely,

•

CHAIRMAN.

ERR.
.Y.
LIAMS. MISS.
ANSON, VA.
OMERENE. OHIO.
CUR A. SMITH. ARIZ.

HENRY CABOT LODGE. MASS.
WILLIAM ALDEN SMITH, MICH.
PORTER J. MC CUMBER. N. DAK.
GEORGE SUTHERLAND. UTAH.
WILLIAM E. BORAH. IDAHO.
FRANK B. BRANDEGEE. CONN.
GEORGE T. OLIVER. PA.

?Arrifeb Zfalez Zenate,

WILLARD SAULSBURY. DEL.
KEY PITTMAN. NEV.

COMMITTEE ON FOREIGN RELATIONS.

W. R. HOLLISTER, CLERK.

Sept. 11, 1916.

My dear Millspaugh:
Enclosed is a telegram from John W. Staley,
Vice-President of the let and Old National Bank, and I hope
you will be good enough to give me the information he
desires.

Please give me full information on the subject

and some time I will endeavor to reciprocate your kindness.
Hoping you and your family are well, and hoping to
see you whenever you are around the Capitol, I am,
Very truly,

Mr. H. L. Millspaugh,
Treasury Department.


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

Form 1201

?At

Blue
e

N CP14

WESTERN UNION
111.VW,

Nite

TEL 1,74

SYMBOL.

Day Message
Day Lettcr

Elug

Night Message

.etter
N L
of these three symbols
„it's after the check (number of
ads)this is a day message. Otherwise its character is indicated by the
NEWCOMB CARLTON. PRESIDENT
symbol appearing after the
BELVIDERE BROOKS,
check.., GEORGE W. E. ATKINS. VICE-PRESIDENT

AM

RECEIVED AT MAIN OFFICE, 35-37 PEARL ST., GRAND RAPIDS, MICH.
_A 80 GOVT

CLASS OF SERVICE

VICE-PRESIDENT

Nite

I

Night Letter
N L
If none of these three symbols
appears after tho check (number of
words) this is a day message. Otherwise its character is indicated by the
symbol appearing after the check.

ALWAYS
OPEN

)

Lis

DETROIT MICH 24 VIA ST VIASHII=ON DC JULY 25TH 1916
c7mATC '
7 VIMAM ALDEN SMITH 46
GRANDAPIDC MICH
VL: ARE INFO= THAT THE FEDERAL RESERVE BOARD I S ABOUT_ TO -

2-)

THE PROTEOT OF NORTHERN VIISC.r2INSIN AND NORTH:RN MICHICAN BANKS AAINST
THEIR CONTINUATION IN THE MINNEAPOLIS DISTRACT AND AS VIE THOROUGHL'I
BELIEVE THAT THE ENTIRE STATES OF ,IICHIGAN AND MSCONSIN

LT BE IN

THE CHICAGO DISTRICT 1:17_ fl7SPECTFULUY U73E YOU TO USE YOUR I"!FLUENCE THIS END

tL-1--0:J

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

JOHN V: STALEY VICE PEST FIRST AN: OL:-J DETROIT
NATIONAL BA• K
gu
AeLtc

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

•

RA `, RESERV
August 10, 191

11DULI FOR

MR. HAMLIN:

Jr. Holmes, the stenographer who took the
hearing in the Wisconsin case, has just telephoned
that two Congressmen who spoke at the hearing reiuested him to send to them the transcription of
their remarks before the Board for revision.
Holmes added that he is under the impression that at least one of the Congressmen
intended to eliminate from the record certain
portions of his remarks.
The stenographer states that to submit his
stenograohic report to these gentlemen for revision before transmitting the entire report to
the Board would probably cause delay, thach
he is desirous of avoiding if possible.
He
suggests that the matter could be submitted to
the Congressmen after it had been received by
the Board.
tone

,/4
'417
1
al,vk

e'
_ -tAA4tAttC

0. L. F.

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2ts Se44.040 olfArci 44,-/A-t-aiet 64.
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SI.14.14 4,1 dm

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S.144.4.4y-p-e,cpc.4.4,
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4.1-1V

AL RESERVE
BOARD FILE

Anima 7• 19143

Honorable Rdward E. Brown e
of 1..eproaaLtat1vee,
-ashincton, D. J.
10 dear
Your letter of Auguot 5th, etattng your desire to appear
before the Federal Rosorve Boaril In connection oith the desire
of
bat3 Li your Cont3ro;7.rtoll.:.

to be tra.aafurrod frual L:Le

lAinrotpr)liv t.J t:1( ChIcg- ?eloral Re3erve Listrict, ia rcasceiv
ed.
n's 705..1.4 has fizJA

ath at

a hering upon this matter, and it Nvill
preaaat at that time.
the '?ruvaurz

M.a3 taa tine of

-7131.-; &Ala ;0 aunre jou

Thl Poard'o office2 are, L:o

Iiilding, and the beerinE; 1111 bo held in the Federal

Reserve Board Room.


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

Very truly yourc,

1,aeistant Secretary.

MEMBER OF

EDWARD E. BROWNE,

COMMITTEE ON ROADS.
COMMITTEE ON LABOR.

8TH DIST. WISCONSIN.
RESIDENCEt WA UPACA.

aCot14,42,o

eizYceel/acirtive,

6Nct4f-virtitito 14.
August 5,191(5.
H.Parker Willis Esq.
Secretary Federal Reserve Board,
Washington,D.C.
My dear Sir:—
I understand that the Federal 4sserve Board meets in
Washington on August 8ths

All of the banks in'my Congreallional

district„which is the Eighth Districtof Wisconsin and which consists of
Marathon, Wood,Waupaca, Shawano, Waushara and Portage Counties,have written
me asking me to appear before the Board and present their desire to be
changed from the Minneapolis to the Chicago and Milwaukee Federal
Reserve District.
If you will kindly let me know the time 1 can meet the Board,
I assure You I will take up but very little time.


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

Yours very truly,

4./
E.Ole

ir

•

/1.
4! s
s

r.

ati•

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

'

Chamb,Ir of Commerce,
-

•

•

Milmluee, -Am:oust:1.
Dear 3ire:
Your letter of August 3rd, stating the resolution adopted
by your Board of Directors at a special mAatIng held ea tiLs.t date
In regard to

he hearing to be Given bj the Federal Leserve Board

O2 :',Azzast Oth on the petition of oertain Tisoonsia bacas to be
t;aasferrld troll the rinth to th,3 Sevaath Federal Rosurve Dis1xiot,
at whI(11 time the request of oartain baLss in Northern 4:Ilehigan to
the rmme end will be oonsidered, is received.
I shall lay your letter promptly before the Federal Reserve
roard.

Very truly your,

Assistant Secretary.

H

1,• S,,LEY

HALL
,c)

BA cf.c—

DED

/

//

It'S
▪'DENT
RESIDE
CASH I E

I.J. E,
.80

10.41 7
,
I-UA03
E
ISTANT CASHI
Amyl- Cr.spftcp
.Assi.sratir CASHIER
AS 4StliAIT:CASHIER

EN,

OREHE
J. E.JONE.

fl

OR'S OFF!

MILWAUKEE,WIS.,
(

August 5,1916.

N.


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

Hon. C. S. Hamlin,Governor,
Federal Reserve Board,
Washington, D.C.
Dear Sir:
I am taking the liberty of enclosing
ANA,

to you herewith a resolution adopted on August
3d by the Merchants & Manufacturers Association
of Milwaukee, having reference to the re-hearing
which your Board is granting in regard to the redistricting of Districts Nos. 7 and 9.
Your courteous consideration will be appreciated by

•

1 encl.

Respectfully yours

Vice-President.

c:RCHANTS A1J MANUFACTURERPASSOCIATION
OF MILWAUKEE

KLINGLER PRESIDENT
VILTER. v ICE-PRESIDENT
.HEO. BRUCE. SECRETARY
AR J HUGHES TREASURER
JERT L. FROST, ASS'T SECRETARY
HANK BARRY. TR FFIC SECY.
J. A. FETTERLY, c REDIT BUREAU
WM. H. REESE, c NVENTION SECY.
H. C. TANNER, ME MBERSHIP SECY.

701-711 GERMANIA BUILDING
TELEPHONE GRAND 4770

MILWAUKEE
MEMBER OF

CHAMBER or COMMERCE
OF THE

UNITED STATES orAMERICA

DIRECTORS

GEN. OTTO H. FALK
WM. MAC LAREN
A. FRIEDMANN
R. H HACKNEY
W. C. MIDDLETON
A T. VAN SCOT
EDWARD J. KEARNEY
OSCAR LOEFFLER
FRANK P. BLUMENFELD
A. J. LINDEMANN
ROY L. STONE
FRED. W. ROGERS

NATIONAL HEADQUARTERS
RIGG6 BUILDING, WASHINGTON, D.C.

At a meeting of the Board of Directors of the Merchants
and Manufacturers Association of Milwaukee, held this day, it
was reported that the Federal Reserve Board had set a date to listen
to arguments in favor of transferring that portion of the State of
Wisconsin and the Upper Peninsula of Michigan, now assigned to
District No. 9, from that district to District No. 7.

Believing

that this should be done in order to conform to the long established
trend of business and to more fully conform to the wording of the
Federal Reserve Act, the following resolution was offered and
adopted forthwith as the sense of this Association:
RESOLVED,

That this Association respectfully requests

the Federal Reserve Board to give its most careful consideration
to the arguments which may be presented by the committee of bankers
which will attend its meeting to be held on August 8, 1916, in
favor of making the desired change, ana respectfully urges upon them
the desirability of taking action at as early a date as possible.

Milwaukee, Wis.,

Merchants and Manufacturers Ass'n
of Milwaukee,

August 3, 1916.


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

By
Ass't Sec'y.

ME

•

517.TAL

ViP

'767ti

IIOITOILITON NATIONAL
ITNITED STNI'ES DEPOSITARY

CAPITAL $200,4)00

SURPLUS $200,000

N11711VIDEII EARNINGS $2
,140,000
.1.11.1'11cl.: • ritEsmr:NT
W.1). CALVEltI.EY. Vii:-1,1tEsmExT
•A.N.1 3Au ID
cnsmi,it
C.11.1.1tim Du:, AssT. CAsitip:It
lz.T. I 1 ENNALLACK.Ass,CAsmEit

littlilETIGIVT4ON,:4

lilt.

.AW70/41-UG -'1916
VEIVINIOR'S OFFICE

August 4, 1916.

Honorable Charles S. Hamlin,
Governor of the Federal Reserve Board,
Washington, D. C.
Sir:Your telegram dated July 26, 1916, referring to the
reopening of the petition filed by the Wisconsin banks for
transfer from the Ninth Federal Reserve District to the Seventh
Federal Reserve District, and advising further that the banks
of the Northern Peninsula of Michigan can intervene, is received,
and we beg leave herewith to advise you as follows:This bank, in company with the majority of other '
national banks in,Northern Michigan, initiated a protest against
being assigned to the Ninth Federal Reserve District, setting
forth among other claims that they naturally belonged- to the
Seventh District and that a severance of the relations between
the banks of Northern Michig4n and the banks of the Seventh District would work a hardship to the protesting banks.
Your Federal Reserve Board made a ruling that no change
in the districts would be made at that time, and the subject was
dropped.
This bank, in compliance with the Act, accepted membership in the Ninth District, and we have found our business relations
satisfactory.

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

W676

HOUG1191101% NATIONAL BANK
UNITED

sTivrEs DEposrriuty

CAPITAL $200,000

SURPLUS $200,000

UNDIVIDED EARNINGS $i 2,I.41,000
•1.11. MCP:• iqmstmcs-r
W.1). CALVE I t LEY. Vicr:-PRnsmExT
A.N.BAUMN,cAsm.it
CAL num °1)I(;, Ass-r. cAsinmt
R.T. I IENXAI.T.ACK,ASST. CAS1111,1(

nuGIwroN,1+1IC116

onorable Charles S. Hamlin

OM MO OW

August 4, 1916.

0

The mail service at this time is not as favorable as the
service from Chicago.

The distance, however, is about the same,

and a re-arrangement of the time between the different railroads
can be made, giving the banks of Northern Michian just as good
or even better mail service than that received at the present time
from Chicago.
Since affiliating with the Ninth District we realize
that a new field is opened for the banks in this section, from
which benefits may accrue, and we do not feel justified in sacrificing the advantages that we think will come to us by virtue of
our membership in the Ninth District by acquiescing at this time
to being transferred to the Seventh District.
We also believe we should remain in the Ninth District
for one year longer, that we may determine by actual business
relations whether it is for the interest and welfare of the
Northern Michigan banks to continue as members of the Ninth
Federal Reserve District; or, on the contrary, have such business
relations prove beyond any doubt that the best interests of the
foregoing banks really demand that they be given membership in
the Seventh District.


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Federal Reserve Bank of St. Louis

•
676

1114.11#1741iIIT4)N NATIONAL HANK
UNITED SMYIES DEPOSITARY
SURPLUS 0,4200,000
CAPITAL $200,000
1,-N1PrvinED EARNINGS $2,1.0,000
RIC L

NV.1 ). ...1.1.VE It LEY. Vick:-PitEsiDENT

PitEstnI,NT

A.N.

i.11.71)IN ,

CA I. FRIMODIG, Assr. CASIIIElt

S1111,1t
,
1t.1. BENNAL1.ACIi.:\SST.C.

110VGIIIT1VN,i.iici.

Honorable Charles S. Hamlin

August 4, 1916,

3.

Believing that a change at this time
to

the business interests

of this

bank,

we

might be detrimental

have requested the

Honorable Judge A. Ueland of Minneapolis to represent this bank
in this behalf before your honorable board,


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Federal Reserve Bank of St. Louis

Respectfully,

President.

•

1f
61
80116-

E1hQtjiriit

?ht

UNITED STATES DE

aterof
A.
riy_2,5"--7

CAPITAL $150,000.00
LAMAR OLMSTEAD,Ppesr.
JOSEPH ROSSMEISSL,V.PRES,
JOHN HACKWORTHY,2t. V. P.
JOHN J.SHERMAN,CAswER
J.KON RAD,JR. ASS,CASH.

hon. Paul O. Husting,

.440101411irpitt;rittl

August 4, 1916

,

U. S. Senator,
Washington, D. C.
Dear Sir:
On Tuesday, August 8th, at 3 P. M., there will be a rehearing before the Federal Reserve Board, of the petition of
the banks in northern Wisconsin, now in the ninth Federal Reserve Dist., to be transferred to the seventh Federal Reserve Dist.
I wish you would favor the Liovement, and do what you can
to have us transferred to the seventh Federal Dist., because our
business is all in that direction and very little towards the
ninth Federal Reserve Dist.


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Federal Reserve Bank of St. Louis

Thanking you for you kind attention to this matter, I am
Yours truly,

FEDERAL RESERVE BOARD
WASHINGTON

AugulA 4, 1916.

Dear Mr. Allen:
Will you kindly have prepared for me the following
information for use at the hearing of the Wisconsin petition
Tuesday:
;Yes and
(1) Names and locations of the 61 banks voting/No in
Wisconsin, as per map.
(2) Same as to Northern Michigan banks, giving those
voting Yes and No.
(3) The reserve deposits which will be lost to the Minneapolis bank if the 61 banks are to be transferred.
(4) Same as to the Northern Michigan banks.
Very truly yours,

Governor.

Hon. Sherman Allen,


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

Assistant Secretary, Federal Reserve Bolrd.

a'!"

maumiguo

SUBJECT:

1.

GOVERNOR HAMIAN.

Razult of tna 4 D14 of ths Ziaconoin
gichizan N,4tionu1 BoJam.

Of tt,o 67 ,anke conoldorad for tminsf,ir fro

Fodoral 14,;morvo

Diatrict No. 9 to Fadoral Re,:ierve Dietrict No. 7,
45 votad "yea" , .L4nuary 1916
ft
17 votod "no"
voting
5 not
67
- tk& voting "n0", 10
Of the 17 bt.4
:..1.dIN.cont to tno countiao

loce.tod in tile cuunWrs

m*e to ra:%E.,in in Di.Ariot No. 9.

Of the 21 Wiaconnin bi,nks in the 9th Fadora.1 R000rva Di,3trict
wnich are not conaldwred for tranafar, 20 voted "no" - 1. e.,:inot
tranofor to the 7th Focirui Rozerve DiJtrict, :,nci 1 ho.d no proforonco.
3.

Of tho 31 b:i.nko in thu Upper Poninoula of Michiutn,
tivo mque:Itoa to ba traaaforrod (4 1Gttera duted 1914
"
1916
(4
"
•
"
"
not " "
3 "
"
1916
20 WiLve not bean noiArd from
31

11:331.oct1u1ly oubmitted,

.zt_titytician.

AugAtet 3, 1916.


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Federal Reserve Bank of St. Louis

FEDERAL RESERVE BOARD
WAS
Ausast 3, 1916.

Dear Mr. Allen:
dill you kindly go over the letters in the Wisconsin
Banks petition, and let me know how many banks have written
or have been polled in favor of the transfer to the Chicago
Will you kindly

district, and how many banks are opposed.
divide the letters as follows:

(1) The 67 banks as contained in the final map submitted
to Mr. Harding.
(2) The banks in Northern Michigan.
(3) Banks in other parts of Wisconsin.
Very truly yours,
e>6.42f-AAL4L4.44.
Governor.

Hon. Sherman Allen,


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Federal Reserve Bank of St. Louis

Assistant Secretary, Federal Reserve Board.

t4

tuAdobl-i

fi)"

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

•
itecEivEn

(gt-,autoer of Olomuterce of
(Office of

Lc(Alp of Milwaukee

fres:46ent

. AUG 5 - 1916
GovERNOR'S OFFICX
August 3, 1916.

Hon. Charles S. Hamlin,
Chairman, Tederal Reserve Board,
Jashington, D. C.
Dear sir:I have the honor to call your attention to a
resolution adopted by the Board of Directors of the Milwaukee
Chamber of Commerce at a special meeting, held on Thursday,
August 3d, 1916.

The resolution follows:

"WHEREAS it has come to our knowledge that the Federal
Reserve Board will on August 8th next grant a rehearing to the
banks of Northern Wisconsin which were placed in the Minneapolis
District when the Federal Reserve district boundaries were
originally announced, which banks thereafter appealed to the
Federal Reserve Board and applied to be released from that District
and to be attached to the Chicago District but said appeal and
application were denied, and
WHERJAS we fully appreciate the fact that placing
said banks in the Minneapolis District tends to sever and destroy
the commercial relations and business affiliations which have
grown in volume and importance between the various sections of
disconsin, and
WHEREAS the federal Reserve Act expressly states that
"the districts shall be apportioned with due regard to the
convenience and customary course of business" and it is well known
that banking and commercial relations tend southward from Northern
Wisconsin and Northern lachigan to Eilv-aukee and Chicago and not
to Minneapolis and that interference with the natural and customary
course will curtail the free interchange of such business, and
WHEREAS we are advised that at tho rehearing hereinbefore referred to many banks in Northern 1.lichigan will make
application to be changed from the lanneapolis to the Chicago .
District, therefore, be it
RESOLVED that the Milwaukee Chamber of Commerce
earnestly urge the Federal Reserve Board to n,-rant the petition of
the Northern Wisconsin banks to be transferred from the Minneapolis
District to .the Chicago District; also to grant the application
of the banks of Northern Michigan for a similar change.


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Federal Reserve Bank of St. Louis

0

1...

----

•-t-'17‘.-, -

•

THE FIRST NATIONAL BANK 0Cm.rrm.$ 25,000.00
C 0.0ECK ER, Prestdent

ON

A/4)-

S.A.GIFFORD,V.ce President.
EDWIN E.F'ALMER, Ca5hier.

GRANDON,Wiscorisnv
August 3, 1916

Hon. Paul O. Husting,
Washington, U. C.
Dear Sir:
The petition of certain Wisconsin banks for transfer
from the 9th to the 7th Federal Listrict, which was raised
a month or two ago, has been re-opened and will be taken
up at a hearing to be held before the Federallpserve
Board in Washington, August 6th.
With the reasons for the desirability of the change,
the principal one of which is that the established trend
of business from this aection is with the cities of Chicago
and :ilwaukee rather than with ilinneapelis, you are no
doubt familiar, and therefore know that the matter is of
considerable importance to this State.
trust that it may be possible for you to attend
the hearing on the 6th, in the endeavor to obtain favorable action on the ,5etition.


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Federal Reserve Bank of St. Louis

Yours vcry truly,
The Firs

clitursT

•

PIC KMal:t 117,Wiscoiimin

4111FirstEu4thr,a
District, c

.."1"
rRiStilVt

BOARD FIX.

FE,OrEiki'A

110

WISCONSIN LEGI4ATURE,
ASSEMBLY .cHAMBER.
MADIS 0 N.

.ugut 3rd 1016

.:ionort!ble Paul U. Husting,
ashington, D.C.
1.;y dear Senator:
am informed that there will be an iii-2ormva
hea J-6
before the federal Reserve Board at ,.shinton on ,limst
eipiith for
the purpose of reconsidering the petition of certain
.JisconLiin Banks
for transfer from the Linneapolis to the Chicago
Federal Reserve Dietrist.
The Fond du Lac liational Bank was one of the banks
who signed

this )etition, and beinE a Director in that iflstiti:.tion,
I have had

the opportunity of learning the reasons why they desire
thn
Their dealinc-s are largely with Chicago and 1.-iilwv,:uk
ee, and they have
but very little business with _Anneapoli', or $t.
Paul.
e feel that
it was a mistake to out these Banks in the .inneapolis
District and
that tiiey will not be able to take advantage of the Federal
Reserve
_ct to as full on e:(tent as they would if they were
located in the•
Chicago District.
i would appreciate it very much if you can arrange
to
attend this hearing and use your best efforts to bring
about favorable
action on the petition by the Federal Aeserve Board.

Thanking you

in advance for anything you may be ale to do along
this lire, and
with kindest ')ersonal regards,


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Federal Reserve Bank of St. Louis

I

remain

Yours respectfully.

411

UNITED STATES DEPOSITORY

No 3001

•

nA.NKRA1_ RESERVE gOkilD FILE'

THE FIRST
Or STEN'ENS POINT
ESTABLISHED 1883

A.RWEEk.ppmDENT
R. L. KRAU!3. VICE PRESIDENT
J. W. DUNEGAN, CASHIER
C. W. NASoN, ASST CASHIER
R. J. MARSHALL, AUDITOR


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Federal Reserve Bank of St. Louis

CAPITAL $100,000.00

..-.) .,. ,
; 0
///e_:,-*

STEvEss

Pois.r. Wis.

Aug. 3, 19it

Hon. Paul O. Hustings,
Washington, D. C.
Dear Sir:
liegarding the hearing before the Federal
Reserve Board August 8 in reference to the petition
filed by certain Wisconsin banks asking to be transferred from the Minneapolis, the ninth district,
to dis trict No. 7, Chicago, would r,,quest that
you be present at the hearing.
Anything that you
can do for us in the ,matter, will be very much
appreciated.
Our volume of business in this section,
is entirely with Chicago.
Over 99 percent of
our business goes to `'hicago.
We have very little
busi less with Minneapolis.
r2he Mail facilities
are much better with Chicago.
"e have been doing
business in Chicago and Milwaukee for the past 33
years,
They know us and know our securities.
We very often go to 'hicago, and transact business
There is no troub]e to figure out
personally.
where the business channeisflow .
We believe that the Federal Reserve Act
was one of the greatest pieces of legislation of the
century, and that it is absolutely alright.
Our
contention is that we have been placed in the wrong
pew.
We can better assist in working out the
provisions of the law and get all of the benefit
of it by transacting our business with the Lhicago
Federal Reserve Bank, as compared with Minneapolis.
Hoping that the Federal 7-lecerve Board will
favorably pass on our petition, I alp,
Yours very truly,

10KRVI
D. L.PLU ME,PREstoENr.
JOHN R INGLE ,VICE PREST.
F. I? STON E VICE Plats,

t,

A.H.GROUT, C.
ASH
'
.
IER.
E.G.KRU kGER,AssTCA.sti.

THE FIRST NATIONAL BANK
CAPITAL AND SURPLUS $500,000.

WAUSAU, WIS., Aug. 2,
FIRST

NA,ON AL

BANK

BUILDING.

Hon. P. 0. Husting,
U. S. Senator,
Washington, D. C.
Dear Sir:
We are advised by the Federal Reserve Board at Washington,
that it has voted to reopen petition filed some time ago by Wisconsin
Banks, of which this bank was one, for transfer from the 9th to the 7th
Reserve District, and that an informal hearing of oral arguments will
be heard by the Federal Reserve Board at Washington, Aug. 8th, at 3 P.M.
It seems unfortunate that they have selected the day for hearing, on which the annual convention of the Wisconsin Bankers Association
will be held at Madison, Wis.; and which will doubtless prevent many
Wisc6nsin bankers from being present at the hearing, including a *representative from this bank.
If possible for you to do so, will you kindly appear for this
bank at the hearing, as announced by the Federal Reserve Board, and use
your influence with the Reserve Board for a transfer to the 7th District
of the Wisconsin Banks now in the 9th District, who have petitioned for
the change, on account of the greater convenience in business, to be gained by the prayed for change.


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Federal Reserve Bank of St. Louis

Yours respectfully,
Cashier.

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

,
..04AWM,...,61.1211EZ.
1

1
•

000

Y‘t•-;)

39=

‘

7—

„

THE'

CÜHTONNATIóXtL
,_;) I

cAprtraii,a,svanve $64400099/
•••••”
WM. J. PAULSEN, PRESIDENT
MITCHELL J OANN ES,VICE PREST.
AUGUST N . SCH EWE , CASHIER

Fell. Paul 0.
'
-

ct

ir:-

:le received, a t..olegrarn a fevi days ago
. oard,
Governor
of the Iilederal -Reserve 9
from the
IT:he
copen
had
voted.
to
?:.
Board
the
advising us tl-at
fo:.
'llisconsin
banks
fi
certain
petitlo
led.
transfer Zrom the irinth to the Sc,ventli 7;lederal -1.-eserve
iDist-fict in informal hearini,7 to be held. in :Sashingon
on Ang1;-ust 8th.
T\loy. , as it will be ii•.possi )le for us to
be re-r)resented at this he-arinr7, •I would kindly reyuest
t-fle ans 2 your is fric t
to use your influence in
.7ic
,consin,
banks
of
the
and
:e rfade, if possible . I an•:atisfied
havicin this chan,
tly),t you realize the inconvenience of being 1^,cated
in the jginth District, Irving to send our iteip_s most and.
from there east again, v.-7ereas Chicago would_ be the
natural center for our business. K1 ,-,11,7- advise me
whether our view is consistent with yours aid, if so,
I trust and. hooe that you will do everything in ymir nower
to -.lake this chancre.
T17 anki n

yon for yoix.:L• kiTI

ai

a -vo , I r

Yours trulej
CbILTC

F-1

Cl

OFFICERS AND DIRECTORS
Ff'ANK F. BECKER. PRESIDENT.
J..1. MARTENS. VICE PRESIDENT.
WM. J. KOWAVE. CASHIER.
LUTHER LINDAUER.
CHARLES E. RAUGHT.
JUDSON G. ROSEBUSH.
JOHN Mc NAUGHTON.


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Federal Reserve Bank of St. Louis

FIRST NATIONfL
CAPITAL $50000. SURPLUS $25.000
NO. 3641.

KAUKAUNA, WIS..

August 2nd,

Hon. Paul 0. Husting,
Senate Chamber,
Washington, D. C.
Uy dear Sir:
Wisconsin bankers have received telegraphic advice from Mr. C. S. Hamlin, Governor of the Federal Reserve
Board, that the Board had voted to re-open the petition
filed by certain Wisconsin bankers for transfer from the
9th to the 7th Reserve District in an informal hearing to
be held in Washington August 8th.
I assure you I consider this is of enough importance to each individual bank in Wisconsin to be personally represented at the hearing, if such a representation were really necessary in order to accomplish the
change which is to be considered, and particularly do
know this to be true in the Fox River Valley and Eastern
Wisconsin in general from Green Bay South to the 7th
District.
However, since as I am informed, the Wisconsin
banks will be represented by a Committee who no doubt will
be able to present the Wisconsin case ably, it should hardly
be necessary to organize a pilgrimage for that purpose, and
if you will personally give the Committee representing the
Wisconsin banks your hearty co-operation and assistance,
I assure you it will be highly appreciated by your constituents.
Yours very truly,

,
2
Pre sCdent •

*OD is0k.
FEV)rEW_
N?3685

TherouildutaeNatio
Capiral and 3urplus $250,000
G.A.14N ARP, Presiden t
Ji A. M ER FtYNA AN,Vice President
T.C.EBERNAU, Cashier
J.L.GORMICAN, AsSt Cashier

FondduLae,Irts.
- --ust 2nd 1916
,

Honorable 2au1 0. Husting,
.ashington., D.C.
Dear Sir:
;Je are informed by hr. C. S. HaLidon, Governor of th3
Eederal Reserve Joard that they have voted to reopen t—o
oetition

filed by certain .isconsin Banks for transfer fro

the ..inneapolis to the
hea-zing

hieLjO

istrict, and that an inforrad

1 bo hold at .ELhin,xton on 4lugust bth.

.e Zeel

that the banks in this territory should have been placeL, in
the Chicago District aL our business flows towards Liilwaukee
and Chicago, and we have very few dealiivs with St. 2aul or
e would like very much if you can colivenienly
o so, to have you attend the hearin:j on siugust, 8th, and would
greatly appreciate anything you Llay be able to do to obtc:in
favorable action by the

ederal Reserve Lioard on the petition

beforb mentioned. .


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Federal Reserve Bank of St. Louis

Thanking you in advance, I remain
Yours truly,

2residont.


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Federal Reserve Bank of St. Louis

FEDEFAL

BOAPID

el
FEDERAL RESERVE B01::
,$
"P•4:1L
August 1, 1916.

Dear Lir. talon:
As I understand it the Board voted that the
Michigan banks could intervene and be heard on the
formal petition of the Wisconsin banks.

I do not

think it was contemplated that they should file
any additional petition.
You had better ask Lir. Harding if his recollection agrees with mine as to this.
Sincerely yours,

Governor.

Hon. Sherraan Allen,
Assistant Secretary, Federal Reserve Board.


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Federal Reserve Bank of St. Louis

•

FEDERAL RESERVE BOARD
August 1, 1916.

Memorandum for Governor Hamlin:
-The Board has voted to hear certain
to it, on
Michigan banks,which have written
the hearing on
August 8th, in connection with
s.
the petition of the Wisconsin bank
filed
Mese Michigan banks have never
a formal petition with the Board.

Do you

d to file such
not think they should be requeste
a petition?

11
4
--41:1
!
stant Secretary.


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Federal Reserve Bank of St. Louis

:rtvOS\flD

July 31

Honorable "aul 0. Hus tins,
1:n.ited. States ;:'enalto,
Washington, D. C.
dear Sir:
At Vila request of Governor Hamlin, I write to confirm
his message to You to the

ffoot that the Federal Eeserve TIos.rd

had found it impraotioable tl poltpone the hearing set for
August 8th upon tfie petition of oortain

banks.

This rcp!uor.t was, I think, made to you by a bank in
La Crosse, Wiccloritlin,

, that it oarmot comvly
The Board -regret..

ih dour suggeEtIQu In the ma'Aer,.

V.xy trul; dc:2r6,

r

iatu

t cooretary.

LE


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Federal Reserve Bank of St. Louis

_

FEDERAL RESERVE BOARD

July 31, 1916.

Llemorandum for Governor Hamlin:
At the meeting of the Board on Friday
adverse action was taken upon a request transmitted through Senator Hustings for a postponement in the date for the hearing of the Wisconsin
banks.
I think that you notified Senator Hustings,
but am asking that I may be sure.
A

hIc.'5896

Sti

JAMES R.DEE,

---i
FEDERAL RESERVE BOARD FILE
i-i:.-2.-A- .:;:dV.:...:.; •

!

PRESIDENT

R.A.YOUNG,V;IPResTANo MGR.

ADOLPH F. HEIDKAMP,VicE PRES,

W...
4 WARMING ON,

C 6.- HIER.
/.

liuge11 0E4
HOUGHTON,MICH.,

July 1, 1916 •

,
Hon. Charles S. Hamlin, C-overnor,
Federal Reserve Board,
Viashington, D. C.
Sir:The writer has been advised that you are
desirous of getting an expression from the hanks of
llorthern Michigan regarding the contemplated transfer
from the Minneapolis to the Chicago District.

'

The writer has considered this change very
seriously for the past twoweeks and is of the opinion
that his ov,rn bank and banks of the dis rict will be
better served to continue with the
Yours res

RAY/EHF


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Federal Reserve Bank of St. Louis

apolis instit
ctfully;

e

.,

.)

16

S

)
1,_r,VF. BOARD FILE

?Anifeb Zfalez Zenafe
COMMITTEE TO

L

INVESTIGATE TRESPASSERS UPON INDIAN LANDS.

tru29°Y6r1?T?.
Hon. Charles S. Hamlin,
Federal Reserve Board,
City.
My dear Sir:

\

Youx_letter of July 28, advising me that the
Federal Reserve Board has reopened the petition filed by
certain Wisconsin banks for transfer from the Ninth to the
Seventh Federal Reserve District and that an informal hearing
of oral arguments will be held by the Board on August 8, was
duly received.
Thanking you for your courtesy in thus notifying me,
I remain,
Yours very truly,
PH:L117


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Federal Reserve Bank of St. Louis

July Z. 1916,

Hurouette Untiaaal Bunk,
:airquer.zie, Michigan.
Dear Sirs:
Your letter of July 26thistating 'that you prefer to be
transferred to the Seventh Yederal Reserve District itJ
uud will have the careful consideration of tbe Federal 1- eservo Board.


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Federal Reserve Bank of St. Louis

Very truly yours,

Assistant t,:eoretary,

•

P,V1D

TO THE FEDERAL RESERVE BOARD,
Washington, D. C.
Gentlemen:Whereas, in apportioning the United States into Federal
Reserve districts, our locality has been placed in District No. 9,
to be served by a reserve bank in Minneapolis, and
Whereas, the lines of transportation and facilities for
speedy communication between Minneapolis and our district are very
unsatisfactory and inadequate, and
Whereas, our commercial and financial interests do not
tend towards Minneapolis, but rather to Detroit, Milwaukee and Chicago, and the proposed division will disturb the natural course of
trade and be extremely harmful to established banking and commercial relations, and
Whereas, Chairman Glass recently said, "In the operation
of the system no business center will lose its identity or have its
business relations seriously disturbed" and that "the banking operations and the commercial transactions of any given territory will
be practically maintained as they exist to-day" neither of which conditions can exist if the territory tributary to Detroit, Milwaukee
and Chicago remains in the Minneapolis district.
THEREFORE, BE IT RESOLVED, That we strenuously protest
against a division of territory placing our section in District No 9,
which in our opinion, is contrary to the terms of the currency act,
which provides that "THE DISTRICT SHALL BE APPORTIONED WITH DUE
REGARD TO THE CONVENIENCE AND CUSTOMARY COURSE OF BUSINESS," and
that we earnestly petition the Federal Reserve Board to reconsider
the apportionment, to the end that our locality preserve its normal
relations, and be placed in District No. 7, served by the Chicago
Reserve Bank.
Date


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Federal Reserve Bank of St. Louis

cbL,

'/?t C

Name of City

6(---C(42
1
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LOUIS G. KAUFMAN, PRESIDENT
- WARD S. BICE,VICE-PRESIDENT.
.1,)
C IARtfS L.BRAINERD,C.AsHiEn,
WALTER 0.JOHNASON,Ass'r CASHIER
ORIE E BROWN, ASST CASHIER.


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Federal Reserve Bank of St. Louis

•

etti,CeTAA4)
1110yi6
RURAL RESEV B9.9,9
OFFICe.

(co

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July 28th, 1916.

Hon. C, S. Hamlin, Governor,
Federal Reserve Board,
Washington, 2. C.
Sir:
de received our telegram advising that your Honorable
Joard has voted to reopen petition filed by Wisconsin
Bunks to transfer from the Ninth to Seventh Reserve District, and that informal hearing of oral arguments will be
We farheard at Washington on August 8th at three Pal.
ther observe that no briefs are necessary but may be filed
if any banks in the Northern l'eninsula of Uichigan desire
to intervene in this petition in which event such briefs
will be heard at the same time.
In reply we wish to say that the Ninth District composed as it is at present is extremely well balanced by
being equally composed of borrowing and loaning sections
that is, banks in some of the States or sections of them
composing this district are In the market most seasons of
the year for the purchase of paper, owing to the local
demand being insufficient to take care of their surplus
idle funds, while the balance of the district is in the
market at different times of the season in the borrowing
or tediscoanting of paper to carry on the agricultural and
manufacturing pursuits of their respective communities.
We believe it is quite Important that the district
remain as at present and feel certain that the men having
districting the United
in charge the important work of
States and the location of the various Federal Reserve
Banks showed their familiarity with this situation, particularly in this Ninth District, and it is our opinion
if the best interests of the Federal Reserve Bark and its
members are to be served, and if it is to fulfill to the
greatest degree possible the purpose for which these institutions were organized, that is, the stabilizing of

,MA N, PRESIDENT.
BI CE,VICE -PRESIDENT.
L BRAINERD,C.AsHIER.
fLTER 0.JOHNASON,Ass'r CASHIER.

NO. 390.

ORIE E. BROWN, ASS'T CASHIER.


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Federal Reserve Bank of St. Louis

(i)d-makiigwov

2k14- (61r0

c.s.H. #2.
the financial aad banking system of our country, it can
better do so if the district is continued as originally
planned.
We feel certain that this is also the opinion
of the National Banks In this Northern
majority
of the
Peninsula of Michigan.
We thank you for your notification and will
very much appreciate it if we can learn in due course
the outcome of your Board's decision in the matter of this
re—hearing.

Yours respectfully,

Vice- President.

•Treasurij pepartinent
TELEGRAM

257,11 Hg

29

20 ea
Pn

ilwaukeo Wis July

27 1215p

C S Hamlin
Govr Fed Rs Board ':iashn
Telegrams received. Lilwaukee will be represented meeting eighth writing
First r.atl Bank
Wisconsin Nat iank
Second 'ard Savings Bank
Larshall • Ilsley Bank
Marine Nat' Bank
National Itcchange Bank
Germania Natl. Bank


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Federal Reserve Bank of St. Louis

224

JUL 27 1916
r,ioVERINIOR'S OFFICE&

Ii

•

•

rscgo

"5-

MARSHALL & ILSLEY BAN;
FOUNDED

JOHN CAMPBELL, PRESIDENT
J. H.PUELICHER VICE PRESIDENT
AND CASHIER
EXG.A REUSS, VICE PRESIDENT
AND BRANCH MANAGER
. SODDEN, AssiSTANT CASHIER
H J PAINE, ASSISTANT CASHIER
Hi.DREHER, ASSISTANT CASHIER
J. E.JONES. ASSISTANT CASHIER


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Federal Reserve Bank of St. Louis

1847

MILWAUKEE,W\

JUL 29 1916

July 27,1916.

Hon. C. S. Hamlin,Governor,
Federal Reserve Board,
Washington, D. C.
Dear Sir:
I beg to acknowledge for the Milwaukee
lid(V
banks, copy of your telegram
We are pleased at
the consideration which our request is receiving,
and we shall be represented at the hearing on
August 8th.
A considerable number of the banks of
Northern Michigan have written to us, advising us
that they wish to be considered if any change is
made, and your giving them an opportunity to be
heard at the present time, I am sure will be very
much appreciated.
Believe me,

Very truly yo

Vice-President.

Form 40

• TELEGRAM
FEDERAL

RESERVE

liroutAt.

30ARD FILE

BOARD

WAS HI N GTO N

only
Mr,

"To

Fodoral l'anewire
,..iirasuipolloo
210W

letition to b
-11:$7.430

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tut. rorthrarn
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OFFICIAL BUSINESS
GOVERNMENT RATES
CHARGE FEDERAL RESERVE BOARD


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Federal Reserve Bank of St. Louis

)001
"
F—

•
TreasurB
16P0 MO

74 Collect Govt

pepailment

TELEGRAM

S :7I1T7TAPOLIS Minn July 27 1916
.

Hon Chas S Hamlin, Governor,
ederal Reserve Board, Washington

D.C.

YoVr telegram last night. Please advise immediately Whether
new petition has been filed by Wisconsin banks and in that
case forward text of the same to enable this bank to detemine what additional argument should be presented. T. infer
that rehearing is not upon the petition of the comiAttee of
iTilwaukee bankers since those banks are not members in this
dis tric t


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Federal Reserve Bank of St. Louis

tieCEIVED
hich, Agent
JUL
222pm

2 7 1916

GOVEli,NORS OFFICat


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Federal Reserve Bank of St. Louis


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Federal Reserve Bank of St. Louis

•

FEDERAL RESERVE BOARD
July 26, 1916.
Lernrandum for La.. Allen:
The Federal Reserve Board
this morning
voted to reopen the petiti
on filed by the
Wisconsin banks for transf
er from the Kinth
to the Seventh Federal Res
erve District, and
to call for an inforiaal
hearing on August
8th, at 3.00
Please notify all petiti
oning banks, and
also all :Iichigan banks
that they may appear
on that day and be heard
as regards their
request for a stnilar tra
nsfer.

Notify, also,

the Mnneapolis and Chi
cago Federal Reserve
Banks and telephone or
write Senator Rusting.
.A)t,&w

te;"—
6-444;

s-gft #47 '444

ForziA 40 a

•

TELEGRAM

FEDERAL RESERVE B0 411rD;:"VEB°7-0°
•
inlivi42.40 WASHINGTON

L'end to all banks and
ILEtss

First National Bank, Menominee, Mich. v/
First National Bank, Laurimn, Midi.
tomme-reia—MIniftmwmtneey-lar
v//
First National Bank, Escanaba, Mich.
/
Houghton National Bank, Houghton, Mich."
First National Bank, Iron Mountain, Mich.' 7
Liners National Bank, Ishpeming, Mich.
First National Bank, Marquette, Mich.
First National Bank, Bwisemer, Mich. '
iirst n!„- tional Bunk, iron LiTtr, 4A4.
„
0 -First National Bank, MAlwaukee, Wis.
Wisconsin Nat'l Bank,
do
2nd 'rd savings Bank,
do
Marine National Bank,
do
National Exdhange Bunk,
do
Germania National Bank,
do
ind the following, all in 7.isconsin:
First National Bank, Grand RapiU3
First National Bank, Marshfield,
Citizens National Bank, Grand Rapids
7:ood Co. National Bank, Grand Rapids
Imprican National Bank, Ilkizahfiold,
First National Bank, Stevens Point
Citizens National Bank, Steven
First National Bank, ClintonvillU
First National Bank, Weyauwoga
Old National Bank, -,aupaca
First National Bank, New London
First National Banks Manawa
First National Bank, 4pieton
Citaens National Bank, Appleton
Commercial National Bank, Appleton
First National Bank, Kaukauna
First, National Bank, Seymour
First National Bank, Dale
Natiohal Bank of De Pere, De Pere
Citizens National Bank, Green BAY
Kellogg National Bank, Green Bay
McCartney National Bank, Green BAY
First National Bank, Menasha
First National Bank, Neenah
National Manufacturers Bank, Neenah
City rational Bank, Oshkosh
Commurcial National Bank, Oshkosh
Old National Bank, Oshkosh
A. H. Lindsay, Milwaukee, Wis.

OFFICIAL BUSINESS
GOVERNMENT RATES
CHARGE FEDERAL RESERVE BOARD


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Federal Reserve Bank of St. Louis

y26, 1916.-

TELEGRAM

•

FEDERAL RESERVE BOARD
WAS H I N GTO N

All in Wiscoztsin
Chilton National Bank, Chilton
First National Bank, Brillion
National Bank of Ilanitowoc, Manitowoc
First National Bank, Berlin
First National Bank, Princeton
First National Br,n1"., Fond du Lao
Conunorcial National Bank, Fonda:. Lao
Fond du Lae National Bank, Fond da Lao
First National Lank, Ripon
German National Bank, Ripon
Ashland National .1).L..nk, Ashland
Northern National Bank, Ashland
First Nation:LI Bank, Park d;alla
First National Bank, Phillips
First National Bank, Medford
First rational Bank, Rib Las
First Lationcl Bz.nk, eilisvilie
First National Bank, Blac.ik River Falls
First NatioLyal. Bank, Rhinelander
Citizens National Bank, Merrill
First National Bank, 'iarsaw
National German ner lean Bank, r;arsaw
First National Bank, Crawion
First National Bank, „Antis()
Langlade National Bank, Intigo
First National Bank, :.:hawano
German
or icon National Bank, Sh.awano
First National Bank, Tigerton
Citizens National Bank, Coonto
Oconto National Bank, Oconto
First National Balk, Marinette
Stephenson National Bank, Marinette
Peshtigo National Bank, reshtigo
First National Balk, Blair
Batavian National Bmk, La Crosse
National Bank of LaCrosse, LaCrosse
First National Bank, liondovi
First National Bank, Nelson
First National Bank, Alma
J. H. Peulicher, Milwaukee, Wis.
P. H. O'Brien, Houghton, Mich.
Fer.ry I. '.',1esd, Attorney, Oshkosh, As.
C. H. Bosworth, Federal. Reserve !gent, Chicago, Ill.
John H. Rich, Federal Reserve Agent, Minneapolis, Minn.
Geo. M. Reynolds, Chicago, Ill.
Board to-day voted reopen petition filed by certain "isconsin
Banks for transfer from ninth to seventh reserve district.
Informal hearing
of oral arguments Wathington iugus t eighth, three PM.
No briefs are necessary
but tasty be filed if any bank desires.
Applications of banks in northern
BUSINESS

OFFICIAL
GOVERNMENT RATES
CHARGE FEDERAL RESERVE BOARD


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Federal Reserve Bank of St. Louis

TELEGRAM

•

FEDERAL RESERVE BOARD
WAS H IN GTO N

-3peninsular of Michigan desiring to intervene in this petition will also be
coasidered,
te4.4 pct...1„4.1.4
Governor

OFFICIAL BUSINESS
GOVERNMENT RATES
CHARGE FEDERAL RESERVE BOARD


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Federal Reserve Bank of St. Louis


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Federal Reserve Bank of St. Louis

201\RU

Jay 26, 1916.

Ron. Paul 0. litz;ting,
United States Sanate,
Ialtshington, D. C.
My dear Sir:
I nave the honor to inform you that the Federal Reserve
Board has today voted to reopen the petition filed by certain
Wisconsin banks for transfer from the rinth to the seventh
Fedora.' Reserve Didtrict and that an infornal hearing of o
argumaits will be held by the Board at the Treasury Department
in `.,ashington on August 8th at 3:00 P.

To briefs are

necessary but they may be filed by any bank desiring to take
such action.
Alpplications of banks in the nortnorn penitnula of Michigan who desire to intorvone in this petition will also be considered.,
Very truly yours,
(Signed) C. S. Hamlin.
Governor.


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Federal Reserve Bank of St. Louis

1.3'3

July nip 1916,

„
Hon. 7homas FS Konop,
House of Representatives,
Washington, D. C.
daar
Iv...ve the honor to inform you that the leder
al Reserve
1340,4.(1 ^mo today voto

to reopen the -petition filed by certa
in

Wisconsin banks for transfer fro'm the Anth
to the Seventh
Federal' Eeserve District and that an infor
mal hearing of oral
arguments will bo held by the 'Board at the
Creasury Department in ':,ashing7tor on August 8th at 30D0
P.V.

No briefs are

necessary byt they may be filed by any bank
desiring to take
such action.
,!.pplications of banks in the northcrn
peninsula of Michigan who desire to intervene in this petit
ion will also be con,
sidered.
Very truly yours,
(Signed\ C. S. Raman,
Governor.


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Federal Reserve Bank of St. Louis

;'tESEPNi'..30/,.431) FILE

July 26, 1916.
-2/
(

„rz

:don. 2v1. 1.. Reilly,
"rouse of Representatives,
'ashington, D. C.
Lly dear 2ir;
1 he the honor to inform you that the Federal Reserve
3oard has today voted to reopen the petition filed by certain
Wisconsin banks for transfer from the Unth to the Seventh
'Zedal. Reserve District and that an ini'ormal hearing of. oral
arguments will be held by the i3oard at the Treasury Departrent
In Washdngten on

ust 8th at MO P.

No briefs are

necessary but they may be filed by any bank desiring to take
sudh action.
Applications of llinks IL the northern peninaula of niohlgan who desire to intevvehe In thin ir=itItIln -All also be considerW.
Very truly yours,
Dijined) G. S. Hamlin.
Governor.


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Federal Reserve Bank of St. Louis

301.,RD FILL
\FEUERAL 11E1-Z0X.
\
i
...,

\
......,,,,,r.-

.
0 --July 26, 1916.
4.

Ron, Obarles B. Townsend,
United States Senate,
Washington, D. C.
LIy daar Sir:
I have the honor to inform you that the Federal Reserve
Board has today toted to reopan the petition filocl. by certain
disconsin banks for transfer from the Ninth to the Seventh
Fed ral Reserve District and that infartat-al hearing of oral
arguments will be held by the Board at the Treasury Depart-.
mast in Vilashington on august 0th at 3:00 P. !,!.

No briefs are

neceseary hhal they may be filed by any bank desiring to take
such action.
Applications of banks in the northern peninsula of Michigan
who desire to intervene in this petition will also be considered.
Very truly yours,
(1gred 0. S. Hamlin,
Governor.


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Federal Reserve Bank of St. Louis

FL BAL RESERVE BOARD FILE

tido 26* 1916•

Hon. George Li. Young,
House of liopresentatives,
Washington, D. C.
d.ear Sir
I have the .tioter to inform you tint the 1ederal Ileierve
Boz;rd. Irtr3 to0a.:7 voted to roopen the petition filed by certain
Wisconsin tanks for transfer frail the Ninth to the Seventh
Pedal Reserve District and that an informal hearing of oral
azguraents will be held. by the Board. at the Treasury Department in ''.7ashington on isugust ath at 3:00

'Jo briefa are

3 Mod. by any barir desiring to take
necessary bu'c they may 11,
suoh action,
ilynlioations of burfizo in the northorn peninsula of lachigan. who desire to intovvone La tii

yatitiun ,;').11 also be con-

sidered.
Very truly 'fours,
(Signed) . S. Hamlin,
Governor.


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Federal Reserve Bank of St. Louis

6003

MARQUETTE NATIONAL, BANK
CAPITAL AND SURPLUS * IS0.000.00
M.LONGYEAR,PRESIDENT
POWELL,VtcE PRESIDENT
F.H.BEGOLE,VicE PRESIDENT

F.J. JENNISON,CASHIER
H.R.FOX,ASST. CASHIER
E.A.BROWN,24°Assr.CASHIER

MARQUETTE,MICH.
July
Twenty-Sixth
1 9 1 6

Federal Reserve Board,
Washington, D. C.
Dear Sirs:We und.erstand that your Honorable L'oard is about to
re-consider the question of chnnging the Minneapolis and Chicago
districts, so as to include in the Chicago district, -the Northern
Peninsula of Michigan and the Northern half of Wisconsin.
So far
are of the opinion
be incorporated in
of cur business is

as tie innediate vicinity is concerned, we
that it would be very much -to our arivantage to
the Seventh D istrict.
A very large proportion
with Chicago, which lies direc-t2.y south of us.

Since the opening of the Minnerpolis Reserve Bank,
we have not been able to observe any change in the conditions
above mentioned.
It is also true that mail service has not
iraprovecl, although we were promised certain definite things by
Minneapolis people.
In a practical banking way, Minneapolis
is two days rer-oved from us, whereas Chicago is only on-.
We have had the most courteous and considerate
treatment by the officers of the Federal Reserve Bank of
Minneapolis.
We desire to express ourselves strongly on tIls
point, for correspondence wIlich has passed between us has
been of the most capable and helpful nature.
It is only for reasons of a practical banking
nature, involving actual loss to us, that we are inclined to
prefer -the Seventh District.
ge0141"41
ISE149
.
49
0
Very respectfully,
11.
wit
FJJA
P416
)0. 23

ti

•
iEVML RES_Elk E
„

NO.3947
OLDEST BANK IN GOOEBIC COUNTY
CUARTERED1888
WM.I.PRINCE,PRLsior.Ny
W.F.TIMETTNER,V.PREs.a. CAsii.

S.J.WILLIAMS,ASSISTANy CASH.
LIA.KALLANDER.AsSISTANT

THE FIRST NATIONAL
CAPITAL $ 50,000.00

C

SURPLUS $ 50,000.00

BESSEMER,MIGH.

j

Ve.fay

/214-

July 24, 1916.

ChairmanFederal Reserve Board,
Washington, D. C.
Dear Sir:We understand that the banks
of the Upper Peninsula of Michigan are
desirous of being transferred to District
No. 7 and we respectfully ask that our
request be considered as favoring this
change.
Most of our business is
directed to District No. 7 and as mail
and express service to and from Minneapolis
is much slower than to Chicago and Milwaukee,
we would mtch prefer to be placed in District
7.
May we not have consideration
in our request?

NJ


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Federal Reserve Bank of St. Louis

WFT/GO

oi fistRokt

tnk 7- -

3761

P.1-1. VAN CLEVE ,
FRENCH,CAsHIEBLisfi
ED 1887
EsTA
VcCE PRLS
LESLI E
R

E G. POYCE,AssrCA
.sHIEFt
MILES THO.MAS, Ass=
c
:)
r.

,...,

U S. DEPOSITORY

tittr,,,t(C1

CAPI TA L

5100.000.

[1(,)ARD FILE

1)- 2 6 1915

/

Qr ICA

e--

Jr.
/.C•swER
/

SURPLUS $100,000.

---------

_E
'
SCANARA,NiChr
./GAiV

July 24-1916.

Chairman of the Federal Reserve Board,
Washington, D. C.
Dear Sir:.
We are very interested in having the Upper
Peninsula of Michigan and the Northern portion of
Wisconsin detached from the Minneapolis Federal Reserve
District and attached to the Chicago Federal Reserve
District for the following reasons.
First.

This Bank has had friendly relations

with Chicago and Milwaukee Banks since it was organized
nearly thirty years ago and in that time we have of
course made valuable financial connections and our
business has for years gone through Chicago and Milwaukee
Banks to a very large extent.
Second.

Prior to the organization of the

Federal Reserve Bank, we had practically no relations with
Minneapolis Banks nor any use for such relations.

Since

the organization we have been compelled to open an account
in Minneapolis to take care of certain transactions with the
C)

Federal Reserve Bank thus necessitating keeping an idle
balance whereas if we were in the Chicago District our

•••:.

regular accounts would suffice.
Third.
is wretched.

Our mail connection with Minneapolis

Letters mailed here on Monday are due to

reach Minneapolis about 10 o'clock the following day but

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

3761
F.H. VAN CLEVE. PRES
ESTABItsHED 1 887
c C. ROYCE , VICE PRES
LESLIE FRENCH.CAsHrEP
E G ROYCE Asst
MILES THDMAS,ASST CASHIER., tiVrtt
Z1
,

ftrot
:

„ -

auk
.US DEPOSITORY

CAPITAL

S I00.000.

SURPLUS $100.000

iften/GAN

July 24-1916,

C. of F. R. 13, #2it is always too late for clearing and business usually goes
over until the following day.

Matter mailed in Minneapolis

after 4 o'clock of any day does not reach us until the second
day following whereas matter mailed here for Chicago at any
time previous to 8 P. M. is in the city the following morning
In time for clearing and matter mailed in Chicago at any time
up to 7 P. M.( I believe) reaches us the foll3wing morning.
This holds true with reference to express matter and it would
be out of the question to trust shipments of currency either
from
to or from Minneapolis when we have so much better service
Chicago or Milwaukee,
As a matter of fact the Wells Fargo or the Western
accept
Express Company which operates on the Soo Line will not
currency shipments where the money has to be held in their
local office over night and if at any time we desire to ship
currency on this line, it is necessary to open our vaults and
have a man at the Bank at 7:30 A. M. to get shipment accepted /
provided there is no train out the same day as shipment is
made.

I mention this merely to dhow that the express company

on the Soo Line is not at all accomodating.
This matter has been taken up with the State
Railway Commission but it seems impossible to force them to
accept these currency shipments except when they wish to,


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Federal Reserve Bank of St. Louis

Fourth.

We have not business in Minneapolis.

We

•

•
F. H. VAN CLEVE . Pp ES.

c.c porcE, v,-, PRES.
LESLIE FARENCH,CAsHIER
E.G. ROYC E, Asst. CASHiER
MILES THO.MAS, ASST. CASI-ItE 17
.....,

6

Q

3761
ESTABLiSHED 1887

4 40 attlt '\(

-411.0

cc(CAPITAL

toil -.'-: .-

----

--'
DEPOSITORY

U 5

SI00.000.
SURPLUS S100.000.

.Ite 114'rOt

1
.

I

_ESCAIVA/IA,MICH/

GA N

July 24-1916.

C. of F. R. B. #3buy practically no paper there and in fact previous to the
organization of the Federal Reserve Bank had scarcely more
connection with them than we would have with a foreign
country.
We tried our best when the Federal Reserve Districts
were formed to get into the Chicago District but were unable
to do so and the matter has been a constant source of
irritation ever since and we certainly hope that the change
can be made and we can get back home.

Yours very truly,

CASHIER.

LP/LP


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Federal Reserve Bank of St. Louis


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Federal Reserve Bank of St. Louis

No.854-5.

•

Oceiven
ELLSWORTH S.COE, PRESIDENT.
WM.J.RICHARDS,Vict Nur.

JUL
$1
CAPITAL $50,00099
SURPWS $20.00099

AiFil*FR5INVE BOARD FILE

kt;OVklik4

A

LallY .24, 4161,

Chairman of the Federal Reserve Board,
Washington, D. C.
Dear Sir:Previous to the time when the new plan
of check collecting went into effect, we were quite
satisfied with our position in the 9th Federal
District, but we now find that it would be a great
deal more convenient for us to be connected wi-yrizthe
7th Federal District.
I understand that the matter of changing
this territory is being .considered by you and
I would be glad if you would record us as heartily
in favor of 'being transferred to the Chicago
District.
Yours truly,
President.

WILL
CHARLES A
JOHN H.
KEY PI

-FEDERAL
-1111RESERVE

PAULSBURY. CHAIRMAN.

LBERSON.
KNEAD.
AN.

CHARLES E. TO
JOHN D.
JA

BLAI

31Cniteti ,Stafez Zen
COMMITTEE O'N
.COAST AND INSULAR-SURVEY.
•

July 22, 1916.

7. :2arker Willis, Sooty,
Federal Reserve Board,
Washington, D. C.
Lj dear Sir:
When the Federal ?eserve districts were established
7
northern ::ichigan banks were placed in the I7inneapo1is district.
great many gf our bankers at that time protested against this
ands/ took/the matter up with the Board but it was thought best
477-at thr.t time not to make any change. I understand now that you
are reconsfderine the .0roposition and I trust that the result will
be a transfer to the Chicago district.

Our banks have never liked

the old plan and they have demonstrated, according to their statements to me, that it would be much more convenient and better for
them to be members of the Chicago bank and I am unable to see why
their wishes cannot be observed in this matter.


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Federal Reserve Bank of St. Louis

trust you will accomnodate them.
Sincerely -crurs,

011111Nic
Ay."'
4.444
1;1

t
NI 24

16

No. 3256

•

UNITED STATES DEPOSI

FEDERAL ttSERVE BOARD FILE

THE FIRST NATIONAL BANK
MENOMINEE. MICH.
G. A. EILESCH, PRESIDEN1
JOHN

HEN ES, Vice-RREsioEnir

CLINTON

W. GRAM, CASHIER

FRANK G. WANEK, ASS,. CASHIER

CAPITAL AND SURPLUS A250,000.00
• ORGANIZED 1884
CHARTER EXTENDED 1904


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Federal Reserve Bank of St. Louis

MENOMINEE. MICH..

July 22nd, 1916.

REct*".Net,
L 24 1916
Hon. Chas. S. Hamlin, Goernor,

47i,")vEfittii0H-$ OFEKlet

Federal 7Eeserve Board,
7ashingtOn, D. C.
Dear Sir:The bank;, of the Upper Peninsula of
Michigan have been patient sufferers since being
assiEned to the :inth District under the :Iinneepolis
Federal - eserve Bank an

on Lecount of the geographical

location, have very little business dealings with
Minneapolis or territory to the west.
Owing to the convenience of railroad and mail facilities with Chicago, banks from this section have continued their relations with their correspondents, but
since the inLugaration of the check clearing plan the
disadvantages of doing businesc with ::inneallolis are
becominp more evident.
I am satisfied that if a poll were taken ,of
511 the members of the system in the Upper Peninsula that
the desire for a change would be practically unanimous
and wish that your Board woulet reconsider the petition
of the Northern 1isconsin and Up-cer Peninsula of Michigan
banks for c transfer to the Seventh or Chicago District.
very truly yours,
Pre 'dent.

L
i
OFEDERAL RESOVE BOARD FILE
•
FEDERAL RESERVE BANK OF MINNEAPOLli
NINTH

DISTRICT

1 gm:2D
R5i6

JUL 2 4 1916

July
GOVERNOR'S OFFICE(
21st
1216.

;del Jill. 2
My Dear Governor Hamlin:
With reference to my discussion
With you while in Washington of the Milwaukee bankers'
petition that the check collection systeLl be modified., or
the redistricting question re-openea, and with reference
as well to your suggestion that all of the State of Wisconsin be made a part of the Ninth District, I should
like to present the following views:
After my return to Washington,
wrote Mr. A, H. Lindsay of the Committee of the Milwaukee bankers, under date of the 3rd inst., stating
that tAa petition of his committee had been referred to
me while in Washington, and inquiring whether it would
not be possible for the committee to come to Minneapolis,
so that we might talk over the whole matter. I stated
to him that it is our desire to operate the collection
system in such a manner as to accomodate the Wisconsin
,banks to the fullest possible extent. Mr. Lindsay replied
:under date of the 5th inst., that the committee that had
visited Washington had not submitted their report, and
that he would advise me later if they decided to act upon
-my suggestion. On the 15th inst., I again wrote Mr,Lind-say repeating my suggestion that the committee come to
1Sinneapo1is, and asking him to let me know what developments there had been in the situation. On the 17th
inst., Mr. Lindsay replied that my suggestion had been
'submitted to the Milwaukee banks carrying country ballances, and that no action was taken. He said that if
:•the Milwaukee banks should decide later to ha.e the
,committee visit Minneapolis, he would be glad to have me
outline in advance subjects for discussion, in order that
-we might be prepared to take up their questions in an
effective way.
My judgment is that the Milwaukee
banks have no great desire to discuss check collection
with us, and I feel convinced that their chief interest
lies in the promotion of discussion, and the creation of
discontent, that might serve the purpose. o:if reopening
You doubtless know
the whole redistricting question.


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Federal Reserve Bank of St. Louis

g**6

•
Hon. Charles S. Hamlin July 21, 191E.

that the large volume of country bank balances which Milwaukee has attracted is due to their practice of absorbing
exchange. Approximately. one-half of all the banks are
now on a pax basis, and I believe that practically all of
the banks will soon find it desirable to go on to the
par lists. It is therefore apparent that the banks that
are now on a par basis no longer have the same motive
as before for carrying Milwaukee accounts, and other
banks that from time to time zo on the par lists will
It is very likely that the
take the same view.
Milwaukee banks feel that to reopen the redistricting
question might enable them to hold substantial balances
from the country,which they are now threatened with
losing.
I notice that since the 15th inst., we have
quite a large volume of items drawn.on
handling
been
banks in this district, which were deposited in small
or outlying banks in Chicago, which are not members
of the Chicago Clearing House Association. As you know,
the Chicago Clearing House imposes a charge, in avoiding
which these banks have adopted the practice of sending
these items to Milwaukee banks, which forward them to
the Federal Reserve Bank in Chicago, which in turn send
the items to us.
In order that there might be as little cri.H.cism as possible Of the new collection system, I have Ir
written the banks in Milwaukee territory that are
t
,
ffected, and have raised the question,ihat they can
remit to us in Chicago exchange. We thus carry tbe
iloat one day instead of two, as would be the case if
In
remittances were made in Milwaukee exchange.
writing the banks in territory adjacent to Milwaukee,
I have tried to make it plain that this bank is endeavoring to be as liberal as possible, and to adjust \
)its relations with them on such a basis as to give themt
:
1 a maximum degree of service with a minimum of inconven- 1
.$
ience to them.


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Federal Reserve Bank of St. Louis

- Practically all of the member banks in Wisconsin
could operate as successfully with the Ninth Reserve
Bank as with the Seventh Reserve Bank in Chicago. The
former movement for redistricting was undoubtedly inspired and promoted by the Milwaukee banks, and I am
reliably informed that they have a representative at
this time in the Northern Michigan territory endeavoring
to create discontent and dissatisfaotipn. If Milwaukee
could be eliminated from this question, I believe that
the discontent would practically disappear. If Mal-

i
1

•
Hon. Charles S. Hamlin -3July 21, 1916.
waukee cannot be eliminated, it will probably be
necessary to seek some common ground upon which a
satisfactory arrangement can be based. It has seemed
to me unlikely that the Seventh Reserve Bank would
ever find it necessary to create a branch in Milwaukee, but two hours away. The practical way for,
that city to proceed, it seems to me, would be to
support a movement to include the entire state of
Wisconsin in the Ninth District, the result of which
might be the immediate creation in Milwaukee of an
agency for check collection, with the possibility that
at some future time Milwaukee would be in a position
to present. arguments for the establishment of a
branch of this Reserve Bank in that city. I should
like to call attention to the following facts, and such
figures as I have been able to make up from the authorities and references at hand.
Even if the redistricting plan, which was
by the Milwaukee banks, had been
supported
strongly
have left an unsatisfactory
still
adopted, it would
state
of
Wisconsin. The northwestern
condition in the
including
17 counties, would have
portion of the state,
District,
and the remainder
this
Reserve
been a part of
attached
to the Seventh
have
been
of the state would
seems
to
me
that
it would •be a
It
Reserve District.
the
all
Wisconsin
banks
in this Rebetter plan to put
are
Wisconsin
lower
counties
of
The
serve District,
are
Milwaukee
Chicago,
and
than
somewhat nearer to
in close touch by rail, telegraph and mail.
There are in the State of Wisconsin 152
member banks. That portion which was not affected by
the former redistricting petition includes 17 counties
and 24 member banks. The territory which the Wisconsin
bankers sought to have detached from this district and
added to the Seventh District , consists of 33 counties,
in which there are 83 member banks. The southern
portion of Wisconsin now included in the Seventh District,
. outside of Milwaukee, contains 19 counties and 45 member
‘ banks.
From the viewpoint of the Milwaukee banks, there
'are some additional facts that are interesting. In the
33 counties which they sought to have detached from this
district, 62 of the 83 member banks have Milwaukee
accounts. In this area there are 146 state banks that are
or may readily become eligible for membership, of which
123 have Milwaukee accounts.


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Federal Reserve Bank of St. Louis

In the 19 southern counties of the state outside of
Milwaukee, now a part of the Seventh District, there are 45
member banks, of which 32 have Milwaukee accounts, and there
are 130 state banks now eligible, or with capital and surplus
to readily become eligible, of which 103 have Milwaukee accounts.

•
Hon. Charles S 21.11in
July 21, 1913.

-4-

The territory affected by the previous petition, and
the 19 southern counties now a Dart of the Seventh District,
have a total of 128 member banks, of which 94 have Milwaukee
accounts, and 276 eliible state banks, of hich 226 have
Milwaukee accounts.
The number of these accounts indicates
that a collection agency in Milwaukee would be in a very good
position to render practical service to the territory in
question, and might be the means Of encouraging a considerable
number of state banks to become members. The chief consideration
is, however, that it is much more p7actical, if a change is
to be made in the territory of the Ninth Bank, to adopt a
method that affects the member banks in the southern portion
of the state, rather than to accept a plan that covers 33
counties, in Which there is a population of 651,593.
In
other words, it would be simpler to add to the Ninth District
t711_12_,southern coun les whici nav-e—O-IST-3171ember banks outside 01 HEY16-0,7a, than to tdE-6—EWay-rrom Vae Ninth District
33 counties affected by the redistricting petition, in which
1 there are 83 member banks, and so large a number of eliible
k state banks.
To my mind,this is really the most important
feature of this question.

I am, of course, concerned about any possible loss of
territory which would result in considerable reductions of
capital and reserve. The eli -ible state banks in the
33 counties to which I have referred, are as a rule very well
managed, and have substantial deposits.
They make excellent
material out of which to create new members, and I had hoped
that at a later date we might be able to make progress with
them, and bring quite a number into the system. It is, of
course, impossible to do any effective work now, because of
the attitude of the Milwaukee bankers, and it will continue so
while the question of change and adjustment is still under
discussion.
The change that I have proposed would round out the Ninth
District, and would give it a territory laid out upon state
lines. It would group the Wisconsin banks around their chief
commercial center, and it would enable them to enter a splendid
market for farm loans that is represented by the western
section of our distric. The banks in the 20 southern counties
of Wisconsin are now debarred from eastern Montana, North
and South Dakota and western Minnesota farm lands, since they
are not in the same Reserve District.
You will, of course, understand that this bank has no wish
to acquire territory at the expense of another bank, and the
suggestions that I make are not presented with a view of increasing the importance of the Ninth District to the disadvantage of the Seventh Reserve District, or the Seventh
Reserve Bank. The purpose that I have is only to present
what seems to be the simplest solution of the difficulties that


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Federal Reserve Bank of St. Louis

Hon. Charles S Hamlin -5July 21, 1913.
have been created by the Milwauke3 bankers, and eliminate
any possibility of further friction.
Since reciving the last letter from the Chairman of
the Milwakee'bankerst committee, I am in doubt whether it is
desirable for me to carry out my previous purpose of going
down to Milwaukee in case the committee finds it impossible
to come up here. I should like to have your judment as to
what it would be desirable to do under these conditions.
The Board in its judgment can readily determine wh:ther
this suzrrestion about the arrangement of the territory should
be made to the Wisconsin banks by the officers of this bank,
or whether it should come direct from the Board. If it is
considered appropriate for this bank to proceed in the
matter, I shall be glad to see that it is discussed wi:h
the committee of Milwaukee bankers, and that it is called
to th.: attention of member banks in parts of Wisconsin that
would be affected. In the meantime ,I shall be glad to know
-----what the Board thinks of these suggestions.
Yours very truly,

Governor.
Hon. Charles S. Hamlin,


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Federal Reserve Bank of St. Louis

Governor, Federal Reserve Board,
Washington,

D.C.

•

Officials of
Following National Banks in Northern Michigan
have indicated preference for 7th over 9th Dist.

FUJ:
FEDERAL RESERVE BOARD

1st Nat. Menominee, Mich
,Ist Nat. Laurtum, Mich.
VCommercial Bk. Memominee, Mich.
Let. Nat. Escanaba, Mich.
Houghton Nat. Bk., Houghton, Mich.
1st Nat. Iron Mt., Mich.
Miners Nat. Ishpeming, Mich.
1st. Nat. Marquette, Mich.
1st Nat. Bk. Bessemer, Mich

Other petitioners:
455 individuals,

Undertakers, banknrs, etc.

Marquette Commercial Club, Marquette, Mich.
Commercial Club of Menominee, Mich

Telegram to Senator Husting, July 20, 1916, signed by following banks of
Milwaukee,
Let Nat. Bk.
Wis. National Bank.
2nd Ward Savings Bank.
Marine Nat. Bank.,
National Exchange Bank
Germinia National Bank.
states that there are thirty one national banks in Northern Michigan.
-

23 were communicated with
14 answered
11 in favor of change


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Federal Reserve Bank of St. Louis

•

FEU.. K_SEV1VZ

BOARD f1t_E

Tentative Telegram:
L_
To all interested in Wisconsin petition
in 'Wisconsin d.)siring to

be

transferred to Chicago.

"Board today voted reopen petition filed by certain
Wisconsin banks for transfer from ninth to seventh reserve

(t I- fir

0'41.'v

Informal hearifigshington Aiigust eighth, three
/1
No briefs are necessary but nay be filed if any hank

district.
PM.

desires.

ius


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Federal Reserve Bank of St. Louis

_1-1Lte , CLe+0

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•
UNION

Form 280

WESTERN UNION

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NEWCOMB CARLTON, PRESIDENT

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on back hereof, which are hereby agreed to

CHECK

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Federal Reserve Bank of St. Louis

AND REPLIEf,;', Trinv r An RCCEIVED FRO

FOURVITTT INDICT

•
WESTE

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Form 260

WESTEPN UNION

TEL :Pr

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NEWCOMB CARLTON. PRESIDENT
RECEIVER'S No.

TIME FILED

CHECK

SEND the following Telegram, subject to the terms
on back hereof, which are hereby agreed to

TIL.T 2:1141, LSUTTlii12
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CTRO:!GLY IN FAVOil OF CHANCE TO DLJTAICT NUMER

TO AOSUR7 YOU THAT 7E HAVE CAREFULLY

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?Inn NATIONAL BANK IM BIGTLO- VICE PR7SID7NT 71ISCONSIN NATIONAL
BANK WALTER KASTEN VICE ?RESIDENT SECONE 7:11D SAVING? BANK JO 7 7
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PRESIDENT MART7 NATIOrAL BANK A H LINDSAY VICE, PRESIDENT NATIONAL
7XCNA1nE BANK GRANT FITCH VICE PRESIDENT G7M1NIA rATIorn BANK
71! C BUMDER PRESID7NT.

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Federal Reserve Bank of St. Louis

WEANS

UNI

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REtERVE 13014RD nU

WESTERN UNION
WV
44,

TEL .-::cr e*NEWCOMB CARLTON. PRESIDENT
RECEIVER'S No.

I CHECK

I TIME FILED

SEND the following Telegram, subject to the terms
on back hereof, which are hereby agreed to

A 6Cil 1Z;
FN IlL7AUF77 717,

071 20

HON PAUL 0 HU7TING
Minn STP,T1

MIAMI MWHITIGTON DC

TELEOP - nrcrimp ITTVTRI(77M1 PRO7'0TITION ACC7ITA10E ITEF72 TO
YOUP JUDMVITT VGARDING NORTHMIN !IMMO THANK YOU
SINOTTELY


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Federal Reserve Bank of St. Louis

AIITMIR Ii LITTIrAY J Tr; PU7LICIIIM•


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Federal Reserve Bank of St. Louis

•
3701

F.H. VAN CLEVE. PRES.
EST AY .'SHED 1 887 t
C.C. ROCE,
ViC E PRES.
Y
—•—
LESLIE FRENCH,CAsHIER
E.G. ROYC E,Assr.CAsH,ER

.....
O

6----.rcp aft

a-

(
-0_,

s..

EPOSITORV

A

..

CAPITAL
SURPLUS$10. ,

100.000.

ESCANABA

Ar r.297fr1

,MiCHMAN ,

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4•4'

The Federal Reserve Board,

),ud

Washington, D. C.
Gentlemen:Inclosed is a Resolution passed
by our Board of Directors petetioning
your linnorable body to re-consider the assIgment
of Upper
Michigan to District #9 and re-assign it
to district

#7.
T surely trust that you wil] give
this careful consideration as it is
a very serious
matter for us.

We shall be very badly handicappe
d

if we are compelled to stay in the
Minneapolis district.
We have no connection with Minneapoli
s- have never hadhave no financial acquaintances there
and tYle acquaintances
and connections establisliedAin twenty-fiv
e years of banking will be rendered to a very large
degree of no use to
us as practically our entire affiliation
is with Chicago.
Yours very truly,

;0 TH., FEDERAL REAliVE BOARD
WashiArEon D. C.
Gentlemen:Whereas, in apportioning the United States into Federal
Reserve districts, our locality has been placed in District No. 9,
to be served by a reserve bank at Minneapolis, and
Whereas, the lines of transportation and facilities for
speedy communication between Minneapolis and our district are very
unsatisfactory and inadequate, and
Whereas, our commercial and financial interests do not
tend towards Minneapolis, but rather to Milwaukee and Chicago, and
the proposed division will disturb the natural course of trade and
be extremely harmful to established banking and commercial relations, and
Whereas, Chairman Glass recently said, "In the operation
of the system no bosiness center will lose its identity or have its
business relations seriously disturbed" and that "the banking operations and the commercial transactions of any given territory will be
practically maintained as they exist today", neither of which conditions can exist if the territory tributory to Milwaukee and Chicago
remains in the Minneapolis district, and
Whereas, member banks located in District No. 9 (Minneapolis) cannot look for rediscount aceomodations from District No. 7
(Chicago) or a branch of same if located at Milwaukee,
THEREFORE, BE IT RESOLVED, That we strenuously protest
against a division of territory placing our section in District No.
9, which, in our opinion, is contrary to the terms of the currency
act, which provides that "THE DISTRICTS SHALL BE APPORTIONED WITH
DUE REGARD TO THE CONVENIENCE AND CUSTOMARY COURSE OF BUSINESS," and
that we earnestly petition the Federal Reserve Board to reconsider
the apportionment, to the end that our locality preserve its normal
relations, and be placed in District No. 7, served by the Chicago
Reserve Bank, and that a branch of same be established in Milwaukee.
Date


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Federal Reserve Bank of St. Louis

1914

43

Name of City

Cwt
I 1.0 1 j

Name of Bank

C

40.
L id

AB k1

-filfttiej
t

MICH, ____
ki;A
Wck.(ft-vt.k—

fe I

•••••••

Laurium, 1.-dchigan. April 2C

1931

Federal Reserve Board,
Washington,

P. C.

Gentlemen:
respectfully petition your honorable .)ody to so
re-arrane tte territory allotted the Regional Bank
estPlaished
or to be established in the city of Chicago, Illinois,
so that it
will embrace ;,he entire Upper Peninsula of I4chican.

For mony

years the trend of commerce has been to or from the
direction
of Chic-,go, and not 7inneapolis, in which territory
we have been
placed.

We consider this action on your part necessary

to insure justice to the banks and various industries
of the
Upper Peninsula of Michigan.
FIRST NATIONAL BANK OF LAURIUM,

Presiuent,
Vice—Presiannte

ST- .— 1ffis


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Federal Reserve Bank of St. Louis

Casnier,
Director

„

ref

t•I
4

Lfr
\

DESIGAED DEPOSITARY OF THE UNITEDILTES

,

THE NATIONALBANK OFTHE REPUBLIC
• $2,000,000
$ 1,000,000

Capital
Surplus
JOHN A.INNCII,POESIDENT
W.T. FENTON. VICE-PRESIDENT
K.ZsI.NicKINNEY, CASHIER
0.11.SWAN. .%tiSISTANT CASIHEO
.lIM Nt.1117OST,ASSISTANT CASIIIEO
Wm.B. I.AVINIA.Atitil STANT CASHIER
T. D.ALLAN,ASSISTANT CASHIER
L.
MEAUL,ASSISTANT CASHIER

CHICAGO, April

14, 1914.

The Reserve Bank Organization Committee,
Washington, D. C.
Dear Sirs:
At the request of our correspondent,
The Houghton National Bank of Houghton, Michigan, we
beg to call your attention to the fact that the territory
of Northern Michigan is not in any way contiguous to
Minneapolis, and without going into details I think you
will get a better understanding of what our friends are
asking of us if you will read the copy of their letter,
which I enclose herewith.
Naturally we are very anxious to please
a valued correspondent, and submit this correspondence
for your serious consideration.


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Federal Reserve Bank of St. Louis

Yours very truly,

Vice

esident.

OENATIONALBANKOFTHEREPUBLIO
CHICAGO

COPY:

IOUGHTON NATIONAL BANK,
Houghton, Lich. April 10, 1914.

John A. Lynch Esq., President,
National Bank of the Republic,
Chicago, Ill.
Dear Sir:
We were very much disappointed at the action of
the Reserve Dank Organization Committee in placing Northern
Michigan in the Ninth or Minneapolis District, and after careful
consideration of the matter, addressed letters to all Northern
Michigan National Banks, asking their views.
We are in receipt of a reply from every one, protesting against the action of the Committee, and expressing a
wish to be transferred to the Chicago District.
Inadequate, indirect and unreliable mail and express facilities render satisfactory business relations with
Minneapolis practically impossible, and we beg to ask if you
will use every influence at your command to assist in getting
this Northern Michigan business for Chicago to which it belongs.
We have wired the Organization Committee, asking
their reconsideration, and have asked our U.S.Senators to make an
effort in our behalf.
Would it not be possible to ask your Illinois
Senators to co-operate with the Michigan Senators?
The Minneapolis Reserve Bank is given a capital
stock of
there are in Northern Michigan 30
National Banks, with a capital stock
of
$2,710,000.
and surplus of
1,693,500.
Total
4,403,500.

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Federal Reserve Bank of St. Louis

$4,702,864.00

fiE

NATIONALBANKOFTHEREPUBLIO
CHICAGO

John A. Lynch Esq., President, -2Reserve Bank subscription of 6%

*264,210.00

deducted from Minneapolis would leave
them with

4,438,664.00

an amount well above the minimum required for Federal
Reserve Bank.
Your assistance in any possible way would be
highly appreciated by every Bank in Northern Michigan.


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Federal Reserve Bank of St. Louis

Yours very truly,

(Signed)

W.B.McLaughlin
Vice President.

•
E.F.DROVVN . PRESIDENT
J.C.K IM D ER LY,VicE PRESIDENT
R.S.POWE LL,CAsH[ER
F.J.0 LIVE R, ASSISTANT CASHIER

wommim\G")

C9

NJ 1117M;C9 5
17"\
-11'W_:S) aCW/C:Rift4_11141J

ENTOF
,
Plgt9111--"TAX-

11XCIWAICIIL1ATWAVI1Vep ISIE4DiEt.

a April I3t11, 1914.

Hon. W. G. McAdoo, iposestROT
Reserve Bunk Orgaiization Committee, A
Washington, D. C.

Sir:On Jan. gth w

wrote you our reasons for not wishing to be assigned

to the Minneapolis District and you courteously replied that it would be
given consideration.
The officers of this bank are staunch supporters of the Administration
and dislike very much to see you discredited, which is exactly what it win
amount to if you do not change the Northern Peninsula of Michigan from the
Minneaplolis District to some other District, Chioago preferred.
If there is one bank in the Upper Peninsula of Michigan that carries
a Minneaplois account I have yet to hear of it and I am well acquainted
with all the bankers. It is difficult to see how, in view of the warning
we gave you, you could possible have thought of putting this territory in
with Minneapolis.
Please see that the error is corrected and greatly oblige,
Most respectfully,

-

1914
C

41
'

P.

Cashier.

S.
Secretary of Democratic District Convention.

UM


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Federal Reserve Bank of St. Louis

LOUIS G. KAUFMAN. PRESIDENT
EI:IW„D S. B ICE NICE -PRESIDENT
CHARLES L.BRAINERD,CesHIER
WALTER 0.JOHNASON,Ass'r CASHIER,
ORIE E. BROWN, ASST CASHIER.

•

NO. 390.

(ftwaRkl14tEftefaSEWS5gSe)

a)1161wLssitiLL

April 13, 1914.

\
*Reserve Bank Organization Committee,
Washington, D. C.
rs:
We wired you to-day 'Is follows, which we now vish
to confirm:

"The natural trend of financial and commercial business
or' the Upper Peninsula of Michigan hns nlways been clo3ely
allied with points to the East pnd South, the griTt bulk
of' all business and financial tranlactions between the
Upper Peninsula and outside centers being Chicago, Illinois.
The customary course or business that has grown un through
a long series of years clearly an: imperatively requires
that the U9per Peninsula of Michigan shoul3 be placed in
7istrict rumber Seven, with Chicaco as a center."

To bring t is request to your attention 'or the following reasons:

ist.

The business and banking interests of the Upper

Peninsula of nchigan are, and always have been, conducted
/- and are closely allied with points East and South, and

)21

more particularly with Chicago, Illinois, and only to a
very slight decree with Minneapolis and points North and
West.

17 1914


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Federal Reserve Bank of St. Louis

2nd.

The facilities for prompt communication between

practically all points in Northern Michigan and Chicago
are far superior in every particukr to those existing

MAN, PRESIDENT
ES L.BRAINERD,CAsHIER
ALTER 0.JOHNASON,Ass'r CASHIER.
ORIE E. BROWN, Ass'T CASHIER


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

•

NO. 390.

•

UNITED
STATES
DEPOSITARY

TEM

(INIUM1141110)tiliMalf4S3$4,420,..ftZlb

BOMID

\WS-?,!\
040°-

0

between the same cities or points and Minneapolis.

3rd.

The commercial and financial relations of this

entire territory, from one end

or the Upper Peninsula

of Michigan to the other, have always bee;. very closely
allied with Chicago, 711in is, and practically all of the
business and financial transactions between this territory and outside centers ha,-e been conducted with that

4th.

The customary course of business that has grown

up throug'.: a long series of years clearly requires nat
the Upper Peninsula of Michigan should be assigned to
TUstrict Number Seven, with Chicago as a center.
-77e •sincerely trust you will give co-zisiderAtiou
to the assignrent of the Unper I2Apionsula to 7istrict
7umber Seven; with Aliaareas a center, instead of
Tlistrict Number Nine, with Minneapolis as a center.
Anticipating favorable action by your 7onorable
Board, I am;
Respectfully,

-ice President.

reasitrti pepartm,eat

BOARD VILE
AL RESERVE
eA

TELEGRAM

15P0 MO 84\

HOiJGHTON

Mich Apr 10 1914

(/0
Reserve Bank Organization Committee,

°rg

Washington,D.C.
Northern Michigan banks are greatly dissatisfied with assignment to
ninth district with Minneapolis as center and wish to present earnest
plea for reconsideration of your action and for transfer to seventh
or Chicago district. Mail and express facilities with Minneapolis are
inadequate, indirect and unreliable and satisfactory business relations are impossible. The natural course of our business is to Chicago
with which we have excellent and reliable service. Transfer of northern Michigan to Chicago district would leave Minneapolis district
well above minimum capitalization requirement


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Federal Reserve Bank of St. Louis

Houghton National Bank
425pm

•

NO. 5668
•

THE MINERS' NATIONAL
P. BRAASTAD, Pnzeumetis
H. 0. YOUNG, VICE"PRUSIDEINIP
C. IT. MOSS, Ceemsn
0. G. AAS, 1ST Ass,T Casmene
GEO. HATHAWAY, 211D ASS'T CASMER
N\

APR 29 1914
FORM 9ci,

1);

t7C/041

$

,Lr.‘ 4 •-).'

APR 1 :3 1014

Chair an Orzanization Committee 3

Res. Bank Org Committee

Ybra h 1n t o
D.C. ,
Dear Sir:—

At the time yo.0 wer:; 11, Chicao coisideri. ,7: the
division of territory for the rezibnal,banks, the several
n71(s in ne Upper Pe•rinsula requested that they be iArmitted
to join the Chicao District..
WheKI the news of our b,,incr in the Minneapolis ii_istrict
was ;7irst recAxedilt produced a

]in

or helplessness.
of

This is ::bei-J-JL: succeeded by a feelintLof resentm'ent and •
this will manifest itself

concerted effort to have a harinz.
'

Pr!itlo

7hat you desire and all the associated banks desire;
is the success of the new system.
established

Unless

you show rezard for

lines of travel,you nake this tnyJssible..

We, can do business i-

Yew York as conveniht7.y as

ir Minneapolis. It is not the distance l but.the connections.
We

did

not expect yur colttee to

know all these thins

and we therefore expressed our prefernce.
;

.

We appreciate that you tried to prevent the Now York

S EP 4 1914
if:0R

6'6

Ceti


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Federal Reserve Bank of St. Louis

and Opicao distficys frol. bein;, over lar:Le.
You ,ay as well attempt to char1LTe the law of gzavitation.
Yours truly,
Cashier.


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Federal Reserve Bank of St. Louis