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Federal Reserve Bank of St. Louis
122.5-10 - Wyoming & Nebraska Appeal
(Part 1)
Boundaries of FRDistricts
;
BEFORE
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THE
FEDERAL
RESERVE
-A:
IN T" IrATTER Cv T'TE 1,7:TITTCv CE BANIqtliS IN
BOARD.
JBRAKA
AND WYCYINn ARTIN0 TAT T"F TRRRITCRY 0,CTTPTST`Tg
.
TTTE SAID STkTES BE TA7W7 OUT 07 FETTYAL RE—
SERVE VIPTRICT NUTTRIP TE" A'm BE ANNI.77:h0
TC PNIDERAT, REF;ERVE nISTRVIT
NUMBER SEVEN.
.0d.
Washington, D. C.
OP ON 04IM 411.
February 3„ 1915.
Reported by
Rexford L. Holmes,
Shorthand Reporter,
322 Southern Buildings
Washington, D. C.
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2ho Governor of the Board:
Gentlemen, I suppose the
petitioners, being the moving party, will have a riht to open
and close.
Tf there is no objection to that course of -proceJure,
we_will czal on the counsel for the petitioner.
Yr. Francis A. Brogan, Ccunsel for the States of Nebraska
an
•3roming:
'e have, I understana, an hour on each side?
21:.e Governor of the
(
-,ard:
1 believe that is the limit
we usually fir.
Mr. Brogan:
i'md we may divide that into openin7 and clos-
ing?
The Governor of the iioard:
Dr. A. C.
Yes.
should] not object if you abbreviated
the time limit.
ARGULENT BY L.R. FRANCIS A. BROGAN, OF COUNS11, FOR NEBRASKA
AND WYOMING.
Gentlemen of the Board:
I appear for Judge lIcHugh, who
prepared the brief for the petitioners.
This is the petition
of substantially all the member bans of Nebraska and 7yoming
,to be transforredtfrom the Kansas district to the Chicago
'district.
It was, perhaps,a little unfortunate that practically
all the information that was furnished with any degree of earnest
nesb to the Organization Committee on the hearings
was on behalf
of cities which wore seekin57 the location of the regional banks,
and it is especially unfortunate in ti)is instance tLat at the
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hearings in the 7est this part of the country that I now rer—
resent, had two candidates for regional banks, Omaha and
Lincoln, and naturally much of the effort that
VMS
put forth
to present facts and statements and opinions before the Committee ,;as confined to a showily"; as to the claims of those
two cities.
I have no doubt the Committee itself sought and
obtained information as to the needs of this territory, independent of the ambition of one or two of those cities, but
on behalf of the banks themselves there was no earnest committee procuring and furnishing information and presenting
pressing reasons as to where this territory ought to go,
after
the decision was made that there should be a bank at ::ansa
s
City, Linneapolis and at Chicago.
"Ir,ose are the three banks
that might have been concerned in this territory.
I think it is perhaps approprite to call your attent
ion
to the difficulties which the Committee itself
found with
this territory in the explanatory statement made
by the Committee on
pril 10.
In a letter addressed to the ".enate of
,the United States, I find at page 369 their
discussion of the
Uneee City district, and the reasons for
locating the bank
at Kansas City, and I want to say that
with that we have now
no dispute whatever.
j
After disposing of the claims of Omaha
and Lincoln and
Denver, the Committee says:
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Now just what it was, what were the c ircumstances, and
what were the grounds on which that was deemed inadvisable, of
course the Committee did not have time in that brief statemnt
to explain fully, nor have they been explained, and we are
somewhat at a loss except as explanations may suggest themselves
in the argument here.
It is suggested here, -- I do not know
whether that was intended as the reason they include Nebraska
and ,:yoming in the Xansas City district rather than in the
Chicago district, -- that after the district had been outlined
a
--s
as it was formed it was found on/Poll of all the ban: located
in that district that the majority preferred Kansas City over
any other location, that is, over Omaha or Denver.
Now, of
course it would be natural that a majority of the banks, if
we include all of 1:ansas, Oklahoma, and part of :Assouri, when
put against the comparatively few banks in Iowa and Nebraska,
would decide in favor of Xansas City as the location, and that
may be used as an argument for that location.
But on the
other hand it may well be contended that, although fewer in
number, still, as representing a large and important area
covering the two States in question, the interests of the
banks of Nebraska and 4oming should be given most careful
consideration, although they do not ag7regatO a large pel'centage perhaps of the entire number of banks whose votes were
obtained for this large area; because, in the first place, the
banks of Lansas and Oklahoma and the other portions have not
expressed themselves as to whether !yoming and Nebraska should
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be included in that district, and have
had
no opy,ortunity of
doing so, and moreover would have no right to determine that.
wou]
If that argument should he given any force whatever, it
be sufficient to justify any political gerrymander where the
district is made up for the express purpose of securing votes,
or favoring any action desired.
•o I think we are justified
in not considering that as a real argument as to the o:ue::tion
whether ,yoming and Nebraska should below; to this district,
leaving it rather to the banks of that district themselves to
decide the question.
Now I wish to invite your attention to that part of the
United States which lies between the Mississippi and the
Great Lakes on the east and the Rocky Mountains on the west.
Of course, as you know, it is the great granary of the country,
and I am dealing now only with that part lying north of Texas,
between Texas and Canada.
It is cut up arbitrarily into state
lines, of course, but natural trade conditions have divided
it into three great zones, or trade routes.
They converge
at Chicago, but west of Chicago they divide themselves naturally
and in the regular course of business into three great trade
routes, -- one through the gateway of Minneapolis westward,
and having as tributary territortlinnesota, North and South
Dakota, and Montana, and to a large extent —ashington on the
Pacific coast.
Mere is another one on the south, passing
through the gateway of Kansas City, and haviilg as tributary
,ory -r,ansas, Oklahoma, parts of Colorado, New 1::exico,
t9:riz
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and running through to Arizona tni
Utah and. the Coast. A oentr.t.i route begins at Omaha ce a gateway,
,
and. includes Nebraska and ryoming. These are not only
trade rout e'3 for transcontinental trffie, out they .
1re also nturll -ones for
trade th t originates in th t territor
y, and ao ee have three
parallel routes coniuctin their buzi
neie and having their
activitiee entirely ai_;tinct, iJepende
nt, and si_p_rate from
each other. It is probably a litt
le lifiicult or one not
vioiting or living there or going back
and forth in those
States to relize the extent to whicl?
they run alon_, parallel
lines, without int.rmin,;linz. There are vria
tione; there are
exceptions to thiro; there are epori_dic
cusee of traffic) that
crosee'l thi3 line, but the fact rema
ins that the ,:-reet bulk
and quantity o,:e eaut when we deal with
the
produots of that
region, and goes weot when we deal with
the imports into that
region.
There is one other feature of that regi
on that I wish
briefly to refer to. Probably there are
but few parts of the
worli ac compared with Nebraska alone
in which there to as
great a volume of export and import trad
e relative to the
traneeietions au in Nebreska, th t is beca
use,
and I might
as well include yolin in thil utatemen
t,
,)ecause Nebraska
. and Tyoming are exclusively e.gricul
tural and pastoral, more
ad) in reference to Nebraska than
any other Eirt of the United
States. Nebraska proluoce nothing
except the products of the
soil; the great wealth, amounting in
ex orts to hun.irade of
million:3 of doliArs each year, come
s from the eoil. Nebraska,
nab•••
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ac"
produces nothing else for its o:fn consumption except from the
soil; everything of a manufactured article that is consumed,-substantially everything, -- it imports.
The statistics will
show 'Tory handsome manufactilring products. at Omaha, but outside of one smelter w'qich nappens to be located there--because
it seeks a lower level, I am told, -duced in ].ebraska outside or th,t.
there is no ore pro-
The manufactured products
are simply those which consist in a partial preparation of
the aF;ricultural product for uxport-tion elsewhere.
For in-
stance, the packing houses in South Omaha simply turn the
-
live :tock and hogs into meat, but not for consumption into
Nebraska,, but for trans-shipmen
east; and that is true of
everything°
Now it is obvious that if conditions, -- that is, if the
restrictions of the law upon which these re':ions were formed,
had I:emitted them, the logical and natural solution of the .
situation, would have been the creation of throe districts
corresponding to these three ;ones that I have described,
with Omaha as the center for one, Minneapolis for another, and
Kansas City for the vlird.
2,, little study of the clims, how-
ever, of these three cities will make it apparent at once that
when it was -- that oven :rhen it v!as decided to make telve
districts insteA. Or eight, it was impossible for all three
to
of them/have a bank, because there is notlributary to them
the banking territory that would justify it, and we concede
I live in Omaha, and I am willing to concede freely -- that
because or the greater pre-ponderence of Kansas City and
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Linneapolis, if there are to be but two banks in this renion
that I have described, thosetwo cities '::ere entitled to them,
and the controversy as to -7hether Omaha should h - ve a bank is
entir2ly out of -Mlle matter, .end it must 1)e, because there
is no room for a bunk in Omaha, with the conditions prescribed
by law, when there is a bank in Minneapolis and 7:ansas City,
so ee come simply to the nuestion of what ought to be done with
Nebraska and "yonine as territory tributary to some other bank.
Now I think I em et till- e more truism, that is assumed
throughout this entire discussion, that bank exchanges exist
only because of tre,de.
If 1.)raska consumed ell it produced,
and produced all it consumed, i can imagine no reason for bank
exchanges anywhere outside of the Ctate.
It is because of
trade between :itates and countries that bank exchanges exiet.
I,:hey
are concomitant; they follow the existence of trade
relations; and I think this is true as to bank exchanges for
tho greater volume, for it greatly predominates over others.
There are no banJ exchanges between communities that have only
occasional trade transactions.
For instance, there is some
traffic between southeastern Kansas ana Omaha, because of products that are not produced in Nebraska, but there are no bank
exchanges between southeastern Kansas and Omaha business men
in that part of Kansas.
They may have transactions with mer-
chants in Omaha, but the banIrs located there would not think
of keeping an account in Omaha.
Per that reason they would
naturally observe the course of business where the volume of
trade had ntunlily led the bank exchan7o.
Nov: there is some minor dispute here as to the extent to
..hich Nobrastal s traffic is east aLd west.
It is plDint-. d out
in, the argument that there Is some shipment of otsAtio Tram the
southern part et Nebraska intrt 7tnsas City and into
t- f, Joseph
s
Calch lies between those t*o eitioti on the A.ccouri 14vor; it
12 .loo pointed out sometMero that there is
.
c.,tually considerable
trartic in milk and egr3s from 2iebracka and Zansas to 4onver; and
come other mattors ot that kind my be pointed out; but the
laot remins that the great prcTonderating volume of the traffic
18 directly ()act and. vgcot, because not only is that country
cut up into the.c:c zones tht I have described, 'with all its
traffic runniir oat and west, but Nebrask, is likewise cut up in
..1
to three part:410i lines by thro ;72.4(?at transportation cystms
that handle practically all its traific.
In the center is the
Union Paeil:ie, runnin7 from Omaha and Cheyenne, and connecting
with Chiearse by moans of trlYfic arranrximento thron
to or
throe of the trunk lineri bcteon Cicage and Omaha, and
naturan
ir
turnishin
traffic to all of tem•
Uertll o7 thorn the country
is occupied by the CMcage vn.d lIcrthwootorn, wiIeh enters
at
Omahp,, and also north er Pmaha at a junction, and gm;
t4rough
Wyomin, and handle
products irom 7yociin
Nebraska cmd Chicw7o r=th e1 that.
tqrourt northern
This furnishes the only
,modification oT the brotA statement I have cdade.
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Federal Reserve Bank of St. Louis
:,euth of that
is to :lurlington system ontorinr3 at Cmahc:,, and also
at a
junction south of (maJ,I, and 7oing across the entire
i,
state to
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Denver,
with
numerous branch lines, Laad a connection to St.
Joseph on tne river, and through St. Joseph to l'ansas City. Now
that one line of the Burlington
it has two or three lines --
one line runs through along the state line.
In fact it is only
a few miles from the Xansas liae, and serves the towns in the
southern tier of counties, and there lo Lome traffic, I concede,
between that one part of Neraska and Kansas City.
It divides
that traffic with Omaha, but the tact remains that a large part
even of that minor tr ftic goes through St. Joseph, and on east,
instead of to 1:anstts City, -- probably divides in some respects.
7;e11, then, the question is, how can the facilities which these
,
banks were intended to furnisi %ho local banks best be farnished the banks in tills territory?
I want to call attention here to the two maps that were
presented on behalf of Kansas City and Minneapolis in the hearing before the Committee.
The 'Lances City bank map is found
on page 175 of that report, and the L'Annearolis map is feriaMd
on page 235 (produces maps before the board).
significant on t.i.s question.
They are rather
The I:linneapolis claim, you will
recognizes the existence of this zone, -- of one of the
three zones -- that I have described.
It makes its claim for
a district with Minneapolis as the reserve center near the east
running clear across to the Pacific.
Kansas City maY:7es its
claim for a district somewhat similr to the one allotted to
it, but it runs it along the same general theory, although it
does not make it as elongated as the other.
It must be re-
membered that both of these maps -- both of these claims --
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were presented at a time when it wee not known whether tho Crganization Committee would form eight dit?tricts or t7olve districts, or some intcrmodiate number, nnd both of them) elaime
wore on 1;hc theory th.t there might be only eight banks, and
that each !flight he untitled to ono of the oight, and naturally
they clnimed a larger trritory than they would Iinve claimed
had they 77nam thpt twelve ba0 would ho establicod. .77inneapoliS
,
claims oloflr across to the a,cific, includinr: nsIllnrrton.
,,
1
think the Committee cut VITA down .when tLay decled to Tom
twelve bants.
thin
Although the district allotted to thon 'as some-
lite five nnd one-.half million dollars capital of its
banks, yot it woul:a have had. over nine miTlion delltIrs oapital
if it had. got what it claimed, -- but that is a minor connideration.
They Ilroyirod this map, prozing their claim for one
of the eight banks, and ale° included this informtior evidently
from tho
banks.
account
in the territory carried In Zaneas City'
i:ney have made up tills doxcri tion of the relation of
the county to Kansas City, and have dotted the territory that
they claim with the location of ba:iks that carried on business
with Xancll City bt%210.
.
You will, coo w7litle they clboorb all the
banking business of Kant= City, and d
considerable in western
)ractioa1iy dominate in Oklahoma, tnel roach into
Texas, New Alxice 111,d Colorado, tll.cy oil • claim to 4o business
with a small portion of southeastern liebras, ruld make no elrAm
as to JyorninF,
do not 'include ',71n7 In the circle of the
proposed diotrict when the
districts,
worn elaimInc.; to be one of the eight
owing as to more than five-eighths of Nebraska
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a
4.4%1
there was absolutely no banking business carried on with Yansas
City at the time this claim was prepared.
In the discussion also in the brief presented by 7
.ansas
City, it was intimated, while they wore claiming to be one of
the eight bans, that if the Committee should think wise to
locate Omaha in some other district, -- it could not be assumed
that Omaha -zonld have the hank, but that Omaha should be located
either with Linneapolis or Chicago.
1.ansas
r2hon the ap- licants for
p
City conceded they would only claim the southern half
of Nebraska, but even that would include a groat deal of this
territory in which they had at that time no bankirs business
whatever.
Now there •ms no similar map prepared for Chicago, but
from fiures we submit here it is evident if you show the relation of Chicago to the territory west of it in the same manner
that the 'Kansas City relation is shown by these dotted maps,
you will find Iowa and Nebraska and considerable of 7yoming
dotted over with local bans that carry accounts in Chicago and
carry on regular business there, and did so all thl.ough.
Now I do not need, I thin, to take up with counsel here
a discussion of the minor questions arizing in controversy as
to whether trade in Nebraska flows east and west; that is so
well known and so well established that one could almost take
it for granted, -- as we say in court that the court would take
judicial notice of it, -- but perhaps we do not need to do that,
because on page 370 of the report made by the Organization Corn-
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mittee, in discussing this very situation, and the reasons why
Kansas City should have the bank and Denver should not, they
say, the great preponderance in the movement of trade in District
Number Ten is to the east.
Of course, they are merely stating
a condition kno,:n to everyone familiar with trade conditions
in the United States, and connected by these' lines of railroads.
Counsel presents here an extract of the tcstimony given
.incoln, when Lincoln was -lying proof in support of this
in 7
claim for the bank, that trade will flow north and south when
the canal is opened, that the products of Nebraska will go
south to go through th t canal.
I do not 1:now where they would
go, nor what they would do with them.
They are shipped into
.the eastern part of the United :'tates and to Europe, and no
place else is there a demand for the products of Nebraska except in the groat centers, whore food stuffs are not produced
to the same extent to which they . .ro consumed.
:
It has been a
dream of that part of the country for some time that north and
south traffic could be developed in some forced way.
I'veryone
familiar with conditions there will recoa:nize that attempts
have been made to organize north and south railroads.
Effforts
for developing barge traffic on the 7issouri have been develo
ped, but as a matter of fact any puny efforts of that kind
always
have been and will be ineffectual, because trade moves
towards
causes that are greater and independent of any artifi
cial conditions, especially a trade of this kind where the produc
t is
almost wholly exported and the consumption is almost
wholly
imported.
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Now we have pros:rated some figures here; I wish to refer
to them briefly, because counsel makes the point that they ought
not to be considered; but they merely illustrate the proposition
that I have been presenting, and which is established from so
many independent sources.
In the preparation of this brief a. compilation was made
from the cards carried by the banks of Nebraska and Tyoming in
the Bankers' Encyclopedia, a recognized authority published
In New York City, and the computation made up is as follows:
That of the 220 national ban! ei of Nebraska 136 list a corres,
:
pondent at Chicago, 194 a correspondent at New York, 190 a
correspondent at Omaha, 39 at Lincoln, 36 at Sioux City, 17
at St. Joseph, , Missouri, 11 at St. Louis, and 10 at Kansas City.
Now of the 32 national bankb In 7yoming, 20 list a correspondent
at Chicago, 31 at Omaha, 29 at New York, and 1 in _Kansas City.
It is conceded however, that there is some othe: business with
the bank
They may carry accounts for the purposes of collect-
ion, but these are the listed advertised banTri, relations as
ig
pointed out here, and we think it is significant as showing
that the banks throughout these two States understand and believe
and expect they wiil be called upon to frrnish exchange and
bankirr: facilities directly east of them, because of the flow
of trade, and. will very seldom be called on; only a few of them
in one part of the territory will be called on -- to furnish
facilities in Kansas City which is outside entirely of the zone.
There is also a compilation of a large number of the basilica,
but not all of them in Nebraska, made up during the past year,
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showing the number of items han
dled in the course of the business. The volume is very large eas
t, and almost none north
and south.
Coanse] complains of them that it
admits a small part of
-ashington.
Judc-e Goodrich:
Practically all.
Mr. Brogan (continuins):
of that tier
of counties I have described ashavi
ng a railroad which connects
with t. Joseph and through there
with Kansas uity.
Judgv Goodrich: Three railroads
.
Yr. :;Pogan (continuing):
Oh, yes; there are two other
railroads.
One is the Miceouri Pacific,
which has a few lines
in southeastern Kebraska in this
territory that could he considered as common; it is about
one-sixth of Nebraska, and '-ecouse it is seeking north and sou
th traffic. It is a well
known fact that the statements
furnished by the Missouri Pacifi
c
to the Railroad Com
Nebraska show that its revenu
e
from that part of its line doe
s not rt?y operatinr- expenses
alone
to say nothing of returns, ,
,nd the same is true of any
line
that attempts to go counter to
the natural flow of -bilis
trade.
The north and south line, the
entire trade of that country
west of the Missouri or west of
a line half way between Mis
souri
and. Mississippi, will ret no
traffic, or not enourth to pay
oper:Itinf- expenses, but assuming
,;
that this statement as to the
items handled in and out of the
banks does not include that
portion, thA strip of counti
es along the south of Nebraska,
yet it shows that as to all
the r(st of this territory the
re
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Federal Reserve Bank of St. Louis
is practically no business whatever transacted with Eansas City,
and all the 1 usineso comes east or goes :est.
Now there is one other proposition that I want to urge
here, and I think it is very important and very significant
that of the 218 banks in Nebraska that have joined this association, -- this bank,
203 have signed this petition, and have
asked to be transferred to Chicago.
Of the 30 banks in 'yoming,
member banks, 28 have signed this petition.
In other words,
out of the total of 248 in that territory 231 have asked to be
transferred.
I assume that these bunks that are thee to serve
the trade, thrre to servo the public with banking facilities,
and who have been trained all their lives to know how the
public required to be served, and how it must be served, in
banking business is to flourish, that they 1:nov, ;.11:,re . their
businesf, must be done, and where they ought to be located, and.
to what bank they ought to be related.
No other real:ion can
be suggested for their joining in this petition o:rxept the conditions as they find them, and es t'ey belirYve this is no longer now the question of an afibition of the ,articular city or
anything of that sort, -- not),in;:: like that can enter
here;
and it s.ems to me the remarIm of the Committee in dealing with
one other controversy were very pertinent hero, and I want to
read them.
In disposing of the claim of hew Orleans for a
regional bank, the Committee
"New Orleans
New Idexieo to the
I:exas, Louisiana,
Georgia, and that
is, at pare 368:
selected a district-extending. from
Atlantic Ocean, including all of
kisHissippi,
norida,
part of Tennessee south of the Tennessee
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-
7iver."
;
Now the Comliittee 1- roeeeds to deal with the objections
that arose from that territory by New Orleans:
It was represented by I'exas that it would do
great violence to her trade to connect her with New
Orleans. It was claimed, and evidence was submitted
in support of the claim, that her trade was with her
own cities or with Kansas City and St. Louis. In a poll
of the ban7:s of Texas made by the Comptrollerof the
Currency, 212 banks expressed a first choice, 121 a
second chOico, and 30 a third choice for Dallas. ro
bank in :exas expressed a first choice for New Orleans, only 4 a second choice, and 44 a third choice.
The whole tate protested against being related to New
Orleans."
That was considered a pro-oer element to take into account i
deciding against the claims of New Orleans that the
territory they must include was protesting, and showed its
business currents flowed in another direction.
"The banks of A.abama generally desired to be
connected either with Birmingham or Atlanta, only
3 expressing f:1 first choice for New Orleans. The
banks of Georgia desired to be connected with iAlanta,
none expressinc: a first or second choice for New Orleans, and only 12 a third choice. They represented
that it would do violence to them to be connected
with a city to the west and claimed that their
relations were mainly with Ltlanta or cities to the
northeast."
:aid so with A_orida.
The banks of that state apprently
felt that if related to New Orleans they would be doing violence
to the trade currents, and so would Tennessee.
"Generlly speaking, the only banks which desired to
be connected with New Orleans and expressed a first
preference for her were 25 of the 26 banks reporting
On a
in Louisiana, and 19 of the 32 in
poll made from the comptroller's office of all banks
expressing their faieZerence as to the location for a
federal reserve city, 124 expressed a first preference
for Atlanta, 27:2 for :)allas, and only 52 for New Or-
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Federal Reserve Bank of St. Louis
leans. ..-he views of the bani:ers wero supported by
chambers of commerce, other buciness orgnizations,
and by many business men.
tnus he seen that If the committee was
"It
to give weight to the views of business men and ban:7ers
in the seution of the country affected, to consider the
opposition of the States of Texas, Alabama, Georgia,
I'lorida, and ';ennessoe, an to be guided by economic
considerations, it could not have designated Aow Or
loans as the location for a reserve ban17 to serve .
either the western or the eastern y,art of the district
that city asted tor. The course of tusines is not
from the Atlantic seaboard toward New Orleans, nor
lax7ely from the state of Texas to that city, En0. if
Dallas and Atlanta had been related to New Orleans
a better srounded complaint could and would have
been lodged by them against the committee's CLecision
than that made by Ilew Orleans."
Now I thilr7 that is an important consittoration, that
whether You are dealing v:ith the Tuotion or locating a bank
at a certain city, and the necessary territory you would have
to give it Li order that it might have a bank, or whether you
were dealing with the nuestion whether a particulnx territory
should remain in the bank to which it was z16signed, or should
be transferred to some other district, the wishes of the bank1
ers, based 11. 2on the subEtuntial ground that trde currents
now in the direction, to which they wish to be related, is
the most important consideration that could 1)e rresented to this
Board.
Now i do not
now an
reason why this should not be done,
The representctives of the sank, in their brief give no reasons,
except they dispute the completeness of our statements; they
dispute our st_tements as to the totality of the flow of
trade east and west, and as I say, we show that in minor points
there are variations and concede that there is a little territory
along the south lino or . ansas that is disputed ground, you might
4
say, as to the traffic from Omaha and east of Omaha and Kansas
City and
t. Joseph, but it does not at all modify the main
idea that the groat volume and bulk of tn.- business roes that
way, that the great volume and bulk of the proper bank exchanges
Ought to go win the trade.
,
There is only this one additional suggestion Jc) make in
that respect, and that is as to what efrect this will have in
the Kansas City bank itself.
I apprehend that the more selfish
desire of a bank, as a local entity, to have as large a holding or stock and as lare a oucinesc and be as proaperous as
possible, should not weigh for a moment against the needs and
welfare of
a
particular territory, because that was not the
purpose of The organization of these naw-7s. It was primarily
to - erve tne public throup,th tho estAlichment or a new method
or ban P7 excnange to tne banns of tne country.
71,1t we only
take out of the Kansas City bank about a million six .—aldred
thousand dollars of banking capital if the entire states of
Bebrasn and Zyomln7 are transrerred from Kansas Lity to
Chicago.
'2he Governor o1 the Board:
iat would tnat leave the
.
capital at :ansas City?
Mr. Brogan: CloL,o to four million.
.
Judge Goodrich:
The basis of national banks would be
only about three Anion, nino hundred thousand.
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Federal Reserve Bank of St. Louis
"jrogan:
Yes, but with the additional subscrjptionq,
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Federal Reserve Bank of St. Louis
it runs a trifle over four million, and I want in that connection to call your attention to a petition by certain banks
DALL4,
in southern Oklahoma to be taken out of the Beaw.ox district
and addell to Kansas City, because they say their business is
largely with Kansas City rather th-n in the direction of
Dallas,
- Mao it is not proper for me to
or any suggest-
ions as to whether that matter will be decided in favor of
these petitioning banks or not, still this Board will necessarily
consider the two petitions together, and if found that upon
a showing in this ,iattr that a large part of Oklahoma,
Ow.MOM
that part which Kansas City showed was directly within its sphere
in t is map 9 -- you will see their claims for nil kinds of
bank business runs down to Oklahoma.
Now the petition is to take not quit( all; le ve a little
corner hero at Dal1a3; and they claim between that and the
present line which will add a banking capital of three hundred
,
and sixty or ,i:hty thousand dollars to the Kansas City bank.
I submit that that question of the sufficiency of banking
capital is a question to be determined independent of the questioi
where Nebraska and 7yoming should go.
Surely it is not to be
contended that an intermediate territory like Nebraska and
'yoming is to be sacrificed in its banking and business interestq
in order simply to secure the success of a system.
If the
problem arising in connection with Kansas City and .alla.s and
6t. Louis cannot be otherwise worked out than by sacrificing
Nebraska and
thn
yoming, then there is something wrong down there
should be adjusted.
That it is is not for its to say, but
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Federal Reserve Bank of St. Louis
the difficulty ought not to beindd
led onto Nebraska and 'yominig
It is right and proper that Omaha sho
uld be denied a bank in
view of 'hat situation, because a
claim of a particular city
to a bank is not a claim entitled to
any consideration on
account of its interests in it, but
a claim of a territory to
bank service is entitled to the fir
t consideration.
Now just n word about the powers of
this Board. I aszume
you will take counsel with your legal
advisers on that questiorl,
but we note the rather extraordi
nary claims made hero in the
brief that this Board is without pow
er to take this action
unless it is charged in our petiti
on and proved by our evidence
that the action of the Org,nizvtion
Committee was due to some
fraud or gross abuse of power.
Judge Goodrich:
Hardly
8
fair statement of what our brief
oontains.
If you will read it, I will have
no objections.
Brogan: I will read it; it comes
very close to that, •
if we do not state just that. How
ever, if you wish to disolaim it -Judge Goodrich:
I do wish to disclaim it in the lan
guage
you used.
nr. Brogan:
All right, let us see.
(Reads:)
"The rule ordinarily applying to
the review of
the action of Boards similar
to the Organization
Committee should be applied in thi
s matter, and the
notion remain undisturbed Unless
it clearly appears
that its decision was Sc) arbitr
in disregard of the evidence, ary as to be palpably
or was not made in good
faith, or was the result of fra
ud."
Now that is thc claim.
Judge Goodrich:
Yes, sir.
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Federal Reserve Bank of St. Louis
-
Mr. -3rogan (continuing):
proposition.
and I take issue with that
That is n totel misunderstanding of the language
of this statute.
''.ection 2, providing that the Organization
ComHittee shell organise these districts, states:
"The determination of said Qrganization Commiteo
shall not be subject to review except by the Federe'l
Reserve 3oard when organized:"
Now the district thus created might be re-adjusted by the
Federal Reserve Board.
"krovideA, That the districts shell be apportioned
with due regard to the convenienceand customary course
of business and shell not necessarily be coterminous
with any State or ,tates.
he districts thus crc:Ited
may be readjusted and new districts may from ticae to
time be created by the Federal Reserve 3oard, not to
exceed twelve in all."
:Thy I think it is fair, and I have no doubt the leE;a1
adviser of this 3oard will so advise you that this is an
original grant of power, that
SO
far as loge]. powers are con-
cerned you have precisely the same power in readjusting these
linesthat the Commiteo had in making them.
you get direct from the act of Congres
You are given --
power not just simply
to sit as a reviewing court with narrow technical powers, but
to do exactly what the Committee ou0I1; to have done, and to
do it on your independent judgment and on the situation as
ymesented here.
I do not think there is any room for dispute
about that.
Now there is one other point t want to cP11 your attention
to, -- the language of this set.
It would not ue advisable
for me to at empt any broad statement as to the purpose of the
statute, but so far as concerns thi:i case itself, perhaps it
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is absolutely concluded by the language of the statute:
The determination of said OrFranization Committer
shall not be subject to review except by the Federal
ieserve Board when organized: Prov'ded, That the districts shall be apr)ortioned with due regard to the
* * u
convenience and customary course of business
Th-t is a mandatory provision of the statute; it was mandatory
on the Committee.
It is mandatory on this Board, that these
districts, -- loth the location of the cities and the fixing
of the boundary lines of the districts,— the assignment of
territory sheull he with due regard to tho convenience and customary course of business.
In other words, it was not in-
tended, as Kansas City is bound to ar7ue, that a now relation
can spring up, that a new conre of business may be artificially
created by the location of the bank at Kansas City.
That was
%of
not intended; Cgnfzress has forbidden that, and has expressly
declared it and has declared it emphatically.
It is put in,
here as a proviso, -- provided that the district shall be
apportioned "with due rerrard to the convenience and customary
course of business."
Vow if it is impossible to do that in
cases of small particular pieces of territory, why of course
that is one of thosc things ihat must be disrer arded as minor
,
,
matters always are, but here is a territory comrrisirrr two hundred
and eighteen banks, wiA)., as I have pointed out, an immense
trcffic in proportion to,its wealth and population, an immense
traffic duo to the fact that it exports practically all of its
)orts and exports, practically all it consumes, and that all
im,
its export traffic is gatl ered to the Vissouri .7,1ver by these
,
three P.reat systems of railroads, and carried along east from
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Federal Reserve Bank of St. Louis
there, frenerally converging in Chicago.
That is the condition
of things, and that's the customary course of business which
the Organization Cornittee and this board is commanded to have
due regard for in the fixing of these lines.
ADDRESS BY JUDGE GOODRICH, OP ROBLISON AND GOODRICH,
:..0131K.a FOR THE FEDERAL RESERVE BAN: OF KAUSAf CITY, FISSOURI.
Gentlemen of the Board:
Mr. Brogan apparently miscon-
ceives the point made by counsel for the Federal ':ank of
Kansas City in the brief, with reference to the manner in
which this matter is to be considered by this Board.
As we
interpret the Throvisions of the act creating the federal reserve system, Congress Cid delegate to the Organization Committee the duty of div15ing the entire country into twelve
or less districts.
It enjoined uron thei-, the limitation that
they should apportion the country with due rec-ard to convenience and the customary course of busineen.
It did not
enjoin upon them the sole duty of apportioning the country
with reference to convenience, nor the sole duty of nprortioning the country with reference to the customary course of
business, but instructed them to take into consideration both
of t oso factors.
Now the terms "due rerrd" are terms that
have well defined legalsignificance, and as I find them to
be defined, they mean that it was the duty of this Organization
Committee to have a just end fair regard for -11 of the facts
that appeared before them at the time of their respective hear-
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Federal Reserve Bank of St. Louis
_
ings, of all facts of which they could take judicial knowledge,
and of all, facts which they themselves knew.
No
this proceeding is in the nature of an apr,eal from the
.decision and f;nding of the Orga, izatior Con ,ittpe.
These gentle-
'en come before you as the final arbiters, and they say to you
that you ougbt to disarrange this district as created,• that you
ought to segregate a part of the territory from it and Put it
elmlere, because the lower or subordinate b(nl.y, whose action
youL,ro reviewing, was )
-.u.ilty of a violation of the duty enjoined upon them.
Therefore, I say to you that the rule promulgated
by this Board on the 28th of August, in which you outlined the
system of procedure in a case of this kind, wa
e. fair one, and
it contemplates that you gentlemen, in considering this matter,
simnly review the record as made before this Committee, as an
appelate court would review the testimony of an inferior body.
And I say that when you examine the record, you are bound to
reach the ccnclusiot that the Organization Committee discharged
its ('Ilties well and wisely.,
:he teemnization Committee has told you the formula or the
plan whereby it attemeted to Perform its difficult tack of
dividin- this entire country into twelve separate and distinct
districts.
That appears in the letter of .anril 10, and I need
just to call to your attention, for fear that you may have forgotten, the summary that 1 have made on page 14 of this brief,
as to the factors that they say they took into consideration in
arriving at this apportionment.
They sa:: that they first took
into consideration the ability of the member banks within the
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Federal Reserve Bank of St. Louis
district to provide the minimum capital.
They took into con-
sideration, second,
'The mercantile, industriel, and financial connections existing in each district, and. the relations between the various portions of the district and. the city
selected for the location of the Federal Reserve Bank.
"Third. The probable ability of the Federal Reserve Bank after orp;anieation to meet the leitimate
demands of business.
"Fourth. The fair erd equitable division of the
available capital of the federal Reserve Banks among
districts created.
"Fifth. The general geographical situation of
the district, transportation lines, and the facilities
for speedy connection between the Federal aeserve Bank
and all portions of the district.
"S!_xth. The population, area, and prevalent business
activities of the district, whether agricultural, manufacturing:, mining, or commercial, its record of growth
and development in the past, and its prospects for the
future.
'Seventh. The Committee endeavored, as far as
practicable, to follow State lines."
I want to call aVention also to the fact that the Comptroller
of the Currency for the pa,t eighteen years has classified
Nebraska done with :Kansas, Oklahoma, Colorado, "0,yomilc end
Montana as the "western states."
It's a natural clasrification.
It's one that's based upon the erevailing industrial activities
of those states.
Now WO find that this Board was beset with applications
from thirty-seven different commercial centers in the United
States, each one clamorine: for its place ns the appropriate
location of a federal reserve bank.
7,e find that in this
Identical territory the banks of Colorado came forward with
Denver as a candidate.
The banks of _ebraska were divided in
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Federal Reserve Bank of St. Louis
their allegiance between the city of Lincoln and the city of
Omaha, and Kansas City was put forTprd
PS 13
candidate.
Not one
wora was said bJlore ttat Organization Committee by anybody
who appeared before it from the State of jebviska saying that
the state of Nebraska ol]rrht to be linked with a federal res-rve
bank at Chicago,
r:Tot oe.e word was said by anybody who fnreeared
before that Committee at that time claiming that 7ebraska would
be outratTed or its commercial industries ruined
linked with Ch5a,7e.
f it were not
When the vote of all of the banks in this
territory was taken, only nine ba.,2al in the whole District No.
,
10 voted for (nicao as their first choice, and four of those
banks were in the ;tate of 1:issouri, and five in the State of
Nebraska.
Mr. Brogan argues for Wyoming.
At the 'rearing in Denver
the Wyoming bankers were there in force, and they contended to
a man that iyoning ought to go to Denver.
There is another very significant thing that I desire to
invite your attention to before I go to the consideration of
some of the facts that are Pertinent to that controversy.
The
Comptroller's report for the first of January, 1914, which is
set forth in c letter to the Senate, on page 366, gives a list
of the location of the discounts made by a large number of the
national banks of this country, and classifies then by :tates.
It Ilbows the discounts made, for instance, in the 7ew 7ng1and
States, in what was termed the eastern States, in what was
termed the southern States, and what was termed the States in
the middle West, and the western States and the Pacific States.
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Federal Reserve Bank of St. Louis
;
141
- 111k,
As I have ccid before, the Comptroller of the Currency has
classified Nebraska as being in that group known as western
states, and
voying, Colorado, Kansas, and Oklahoma, are like-
\;iso classified -Mr. Brogan (interrupting):
Judge Goodrich (continuing):
And ,akota also.
Yes, the two
al:otas, and
tate.
Lontana, also _issouri ia classified as a middle western :.talt those statistics show that on January 14 Chicago had loaned
to the western
tates about -- the Chicago banks had loaned to
.
the western aates about -- eleven million dollars of its
canital, that Lansas City had loaned to the very same states
twenty-one million dollars of its carital, and Omaha twentyeight million dollars of its capital, which shows conclusively
that at that very time the barks of Kansas City were supplying
to the neople of this territory
vice the amount of money that
was being then supplied by Chicago banks.
Now it is hardly worth while for me to erne to you gentlemen relative to the natural resources or the territory embraced
In District No. 10.
rr. Brogan attempts to indicate that there
is some dissimilarity in the natural industries and the activities
that are being carried on by the n-ople in this territory.
there be dissimilarities in thi
If
territory, those dissimiarities
do not e:Ast between Nebraska and nssouri, nor do they erist
between ilebraska, Kansas and Oklahoma, because the states of
Nebraska, Kansas, Oklahoma, and that part of ricsouri included
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Federal Reserve Bank of St. Louis
within the federal reserve District iro. 10 are identically
similar.
It must be conceded by everybody that the industries
of those localities are those of - orminc- an
It
raisinp:.
is true that in Oklahoma and Eansas, by reason of the recent
discovery of oil and ms, there has sprunn- up in that territory
other business uctivitios, but taken as a whole, these territories are alike
their natural resources.
Lir, Brogan a,hs me why I have not pointed out in the
brief how Kansas City would be hurt by this change.
I ask him
why he has not told you c-entlemnn how the State of Jebraska
would Lc hurt by Lcinr. compelled to stay in this district,
has talked about
He
.
.
( nicrnlitios, he has talked about the course
of tr'ado, but he has not Oven you one example, or one instance,
or one argument, that ought to be sufficient to satisfy your
minds that a sin10 bank in the State of librnska would suffer
any injury whatever if compelled to remain in this district.
The brief 1)repared here indicates that the bankers in 7ebraska
have heretofore had their busines:, affiliations an6 asEociations
with the banks in Chicago, and therefore if a Nebraska banker
desires to discount his paper or negotiate a loan, he will be
known to the Chicago bankers, and 7111 get more favorable and
-e
.
more expeditious treatment; but 1 1% Yates, who. name apnears
upon this brief, the 'resident of the
-6braskn 7ational Bank,
at the time of the hearing in Lincoln, when interrogated by
the Secretary of the Iteasury, who suggested that he was
pursuing a line of argment that might cause the whole thing
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Federal Reserve Bank of St. Louis
Ate go to Chicago, used this very pert
inent and significant
language:
"If we should go to Chicago, what would
Chicgo
about i;ebraska or Kansas or Colorado or
Sontana or
37-oming? It would know nothing, whil
e•alost any
Nebraska banker would know a great deal
about it."
Now I sazi to you, in this connection,
if I may be permitted
to go outside of the record so far, that
it is notorious that
the bank in Kansas City are officered
by men recruited from
all of that western country; there are
many officers in .,:ansas
City institutions -who have received thei
r bankinc- experience in
the State of iiebraska.
,nd I undertake to say 'lso that
if a
vote could be taken unon tho liroyisi
tion, it vould be found that
more bankers in the State of Nebraska
are acquainted lith Kansas
City bankers than are acquainted
with Chica7o bankers.
Now for some of the facts showincthat Kansas City does
have in fact v ry substantial relation
s with the State of Nebraska
7
,rogan lou1(1 have you believe that
Kansas City is a sort of
terra incognita to Nebraskan, thct
it is almost an alien country;
but I undertake to say that this reco
rd justifies the statement
that -Lie south thirty-nine counties
of Nebraska do more business
wit'l St. Joseph and Kansas City, which
are to the southeast, than
they do ith::issouri or any other loca
lity.
I undertake to say that this record show
s that though the
Organization Committee had the benefit
of a rrcat deal of data
which is only condom 'd in a let- ter to
the United States Senate,
this data :as sn-nplehlented by very elab
orate maps, copies of
which are on file with the report of the
Organization Committee.
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Federal Reserve Bank of St. Louis
I am going to go through this matter very briefly, because it
contains some very pregnant and some veri signIfiernt data.
You will remember that when the Committee havinr- in charge
the claims of .;;Zansas City set out to secure a federal reserve
banl, for that
lace, they did not claim the entire c2tate of
Nebraska; they claimed only that territory lying ?outh of the
_latte idver.
This was imon the assumption that Omaha itself
would 1 ,e, a candidate for the location of the hank, but in the
foe of the fact that Omaha was an aspirant and seeking to have
loc ted within it a fed ral reserve bank.
The /ancas City
banks were willinP; to dohato with Omaha the question of whether
or not the south tnirty-nine counties in the -tate of UebrasTra
were lansas City territory or Omaha territory.
Mc facts shown
before that Committee showed that thirty per cent of all of
the live stock produced in the State of Nebraska went to Kansas
City marl.ets,
thirty per cent of it; and that, in spite of
the fact that there are many local packing houses in the State
of Nebraska, and that Omaha itself is the third largest place
as a packing center in the United states.
It showed also that
Xansas City did during the previous ye' r -rith Nebraska a jobbing
business of seven million dollars, and that these little dots
that you see on the map here (indieatinfr), -- each one of
those dots which is in the territory south of the red line, indicating the south thirty-nine counties, indicates one hundred
thousand dollars' worth of business.
each one of those
spots in the state of Nebraska, each one of those dots (indicating) indicates places in the state of Nebraska at which
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Federal Reserve Bank of St. Louis
the lumber iildustries Li Kansas City sold one hundred thousand
dothrs i ,Torth of lumber in the previous year.
This map that
was seat out at the same time shows the nature and extent of
the motor car industry carried on in 7a_cas City, and it
c2ppeurs from this map that the business transacted with Nebraska
during the year of 1913 in motor cars and motor car accessories,
a
rc' ated
1,80,000, and that the places where it
as done
2
we- e sub2tntjL'lly throughout the entire State.
Now coming lo,_ch to the facts that they are askin-
to
consider in this instance, I want to call your attentio:1 also
to what appeared before the Committee with reference to Kansas
banking activities.
the hearing in. Kansas City,
It appeared that at the time of
unsas City had re -,ular correspon-
ents in Nebraska of fity-two -- fifty-one national banks and
seventz-eight state banks, anG the map that you will find at
page 175 of the letter to the Senate shows the location of
towns in the State of Pebraska in which Kansas City banks at
that time had correoponaents (produces map).
aya these gentlemen contend that you ought to attach a
great deal of import%Lnco to the stItistios Alich they compile
from the Banters' Encyclopedia.
S2v_ey say that the lt3./17ers'
Encyclopedia in used by people generally, and that the fact
that 158 Nebraska banks had Cilicago correspondents, 7Ji1le only
some 10 or 12 had Kansas City correspondents, is a. very
significant factor in determining this controversy, and that it
very clorly shows the customary course of business, and the
course of trade.
-e say in that connection that if that factor
I
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Federal Reserve Bank of St. Louis
is to be determinative, then from their own record it shows
that the course of business is not to Chicago at all, but the
course of busiuess is to New York, because 223 Nebraska banks
had a New Ycr
correspondent, while only 156 had a correspondent
in Chicago.
,e say furthermore, in this connection, that the question
of exchange, or the question of e foreien bank for exchange
purooses, is not a factor to be considered in determining this
matter, when it is considered that the
urpose of the law
makers in creatine. this new system was to break up the existing order of things, and to create a new system.
e say
that the fact that a small bank in Nebraska has heretofore
had an account in No: York or has heretofore had an account
in Chicego for exchange purposes, is riLt to be considered in
determining this question.
I was fortunate enough in my
earlier career to be associated with a national bank in
a
smaller community, and in a strictly agricultural and
stockraisin
comielnity, and I know the habits of the small Country
banker.
I know how he looks upon those thinr;s, and I ventur
e
the assertion that few banks in Nebraska, outside of
Lincoln
and Omaha, hay.: any personal relations with the Chicag
o banks
whatever.
They use their Chicago banks and their New York
banks simply for reserve purposes, because the conditions
existing have heretofore re ,uired that they have
available
for the use of their customers drafts -re' t will pass
at par in
those places.
Under the new system a draft drawn by the
Nebraska bank upon its correspondent in Omaha, or a
draft drawn
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Federal Reserve Bank of St. Louis
for a federal reserve ban]: ia Kansas City, will pass par throughout the entire country, and there is no occasion any longer for
the small bank in Nebraska having its New York correspondent,
nor is there any occasion for the small banker having his correspondent in Chicago.
I want to call your attention to the te2timony that actaally
apiJears in this record with reference to the course of business
in Nebraska.
I might sum it up in a nut-shell by cayi.:g that
it shows in the first instance that the man who actually raises
the wheat and the corn, the man who fattens the stock; disposes
of that either to the local dealer in his home town or ships
it to Kansas City, 3-b. Joseph, or Omaha, and the local dealer
who buys it markets it in either Kansas City, St. Joseph or
Omaha.
It is apparent from this record that so far as the pro-
ducer is concerned, he has nothing whatever to do with the
marketing of that product, after it reaches the Omaha market.
In other words, the transactions on the part of the producer in
the Adte of rebraska are carried on entirely within rather than•
without the district, and it amounts to this:
It is true that
a large part of the surplus product of Nebraska does go to the
eastern markets; it is likewise true that a large part of the
surplus products of Ilcsouri goes to the eastern market; it is
likewise true that a large part of the surplus product o . Kan:
sas tatix and Oklahoma and all this territory that lies east
of the "locky Lountains goes beyond Kansas City and St. Joseph
and Omaha to the eastern markets; and if your argument be right,
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Federal Reserve Bank of St. Louis
then you could never have a federal reserve b nk in any territ rv
that produced more than it consumed, where the course of the
surplus product was away from that territory.
Now these gentlemen have not been entirely fair in their
statistics compiled as part of one of their exhibits.
In
exhibit - I will first call attention to the statistics that
they compile with r-feronce to thetems handled by Kansas City.
It appears on page 7 of their brief that they got a list of
the items drawn by 150 of the 218 national banks in Chicago or
In Nebraska upon Omaha, Chicago, and
.Loux City, and upon Kan-
sas City, and also a number of items represented in those various
transactions; and then they give some other details as to
drafts and checks drawn and forwarded.
Now it is very significLA
In this corm() tion that when you examine the names that appear
upon this petition, and you examine elsewhere the list of all
of the national banks in the State of Nebraska, that these gentlemen, whether by accident or design I do not know, have omitted
ever; no
-petitioning bank in the ctIlte of iTebraska except one.
They have omitted the banks in Lincoln which admittedly have
large business transactions in Kansas City, and the non-petitioning
banks or bankers that have not joined in this petition,
and these are almost entirely tho bankers that are in this southern territory of Nebraska. I say it is hardly fair to compile
these statistics and ask you to draw this conclusion and eliminat
from their compilation that territory which is the natural
business territory of Kansas City.
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Federal Reserve Bank of St. Louis
Now they have some furth, r statistics here with reference
to the volume of business handled by the Union Pacific Railroad during the year of 1913, and I myself discovered for the
first time this morning that these statjA:tics do not purport
to be statistics with reference solely to the
and jebraska.
tates of
yoming
I made the mistake of assuming in my brief that
they did, but by reference to 1:1chibit
it will be made apparent
that the stati:tics as given by the railroad officials had reference to the grain originating, not in the States of Nebraska
and
yarning, but the grain originatin-: in the rAates of Nebraska
,yoming, and Colorado.
Mr. Brogan:
It so states.
Judge Goodrich (continuing):
I sa:: it so states, but
it makes this all the more significant.
In other words, for
some purpose which is entirely foreign to this controversy,
they want to tell :you about the grain th t on
mates in
Colorado.
Mr. Brogan:
e.t happens to be the statistics.
Judge Goodrich (continuing):
I understand, but you have
linked there wit- the states of Nebraska and :yoming the grain
and live stock originating in the State of Colorado.
You
have not attempted to segregate the two, so they have no signifioanoe as to the figures that are Produced here.
It does
not show what part, for instances, comes from Nebraska,
what part comes from wyomIng.
Nor
Consequently, they cannot
have any significance under the situation here, and it is
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Federal Reserve Bank of St. Louis
notorious thA so far as Nebraska and :yoming are concerned,
very little of the products will be transported by the Union
Pacific that would naturally reach 'ansas City.
The Union
pacific, running through Vlyoming and Nebraska, is a natural
feeder to Omaha, and does not go directly to :ansas City.
The Union Pacific facilities for ]:ansas City traverse the
State of Colorado, and do not touch the State of Nebraska at
all.
Now tha: document contains statistics compiled by some
one in behalf of the Omaha banks, which show the transactions
had over the Burlington Railroad during the same year.
Now
from these statistics it appears that during the year 1913
the Burlington road transported 21,410 airs of live stock to
Omaha, and 14,288 cars of live stock to Xansas City and St.
Joseph; those are their own figures; ,_nd that during the same
period, 14., 141 oars of grain went over the Burlington to
Omaha, and. 9,016 to :ansas City and St. Joseph.
In other
words, otrt—ol'-ttra—Zt70t0 -- out of the total cars of grain
and live stock transported by the Burlington Railroad in the
year 1913, originating in the States of
z-ominF.7 and Nebraska
35,000 of those cars went to Omaha, and 23,000 to lansas
City and
t. Joseph.
.i.nd yet this gentleman has the
temerity
to come before you and insist that ;ansas City has no business
or trade relations whatever with the State of Nebraska, and
that these gentlemen ;Tho spent so many months in the very
arduous
nd onerous task of trying to mare an apportionment
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of the territory in the United states which
would be fair and
just, have foiled properly to discharge their
duties.
Now as to convenience, I think that is a very esse
ntial
factor, and it is one that should have been given,
and doubtless was given a great deal of weight by the Organiza
tion
uommittee.
Ly opponents beg that ouestion.
They tell you
about all of the through trains that traverse
the
tato of
ilebraska on their way to Chicago, but they
fail to call your
attention to the fact that
ansas City is three hundred miles
nearer any part of Nebraska you
want to pick out than is
Chicago, according to the ordi
nary routes of transportation.
Let us see: Say that the banker
out in Jyoming or the banker
anywhere in tho state of Nebraska
desires to go to Chicago,
and there confer with the al'edera
l aeserve authorities; in
order to reach Chicago he has got
first to go to some ,:issouri
gate-way point. He may go to Kans
as City. A great many
Nebraska bankers, if they wan
ted to go to Chicago, and took
the most natural and the sho
rtest route, would bo by way of
.,:ansas City. :hen the bank
er go to Kansas City -- this Nebraska banker would be as nea
r Chicago as Omaha is; when
he
got to St. Joseph, he would
be four hundred miles nearer to
.,:ansas City than to Chicag
o, and when he reached Omaha he
would be three hundred mile
s nearer to Kansas City than to
Chicago. Yet these gentleme
n say that we are going to caus
e
them a great deal of inconven
ience.
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Federal Reserve Bank of St. Louis
The average runnin
and. Omaha is thirteen
time of the trains between Chicago
ours and a fraction; I c.7.n]aot ?Ave
you the exact number of minutes, but it appears in the statistics compiled by Denver; you will find it there now.
Uebraska banker,
The
he wants to go to Chicago, as I said be-
fore, must first go to Omaha.
So nothing can be said from the
standpoint of con.venience, because it appears from this record that the lassouri 2acific Railroad and the Burlington
Railroad have frequently trains serving Omaha, so that any
Nebraska banker who has occasion personally to visit a
federal reserve bank, can go directly from Omaha to -iansas
City, and save three hundred miles in distance, and about
five hours each way in time.
When a Nebraska banker wants to telegraph to Kansas City
It is all in favor of Kansas City as against Chicago.
The Governor of the Board:
,hat is the time between
Omaha and Kansas City?
Judge Goodrich:
Mr. Brogan:
I think it is about six hours.
Yes; it takes all night, just the same as
to Chicago, -- a little shorter yet.
Judge Goodrich (continuing):
of reasoning.
That shows the character
It makes no difference to
Brogan, but to
some countrybankers there is something more than the mere
exrenditure of time involved; and it strikes me that these
frugal-minded country directors would very much prefer to
send their officers on a journey wherein they might save
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Federal Reserve Bank of St. Louis
six hundred miles in distances, and possibly fifteen dollars
in transportation, even thou r, :1 it did take the same amount of
:
time.
-Mat ls a factor.
But
;' to the telegraphic rates, tLere is no point in
Nebraska, as I said before, that is nearer Chicago than Omaha.
The primary rate from Omaha to Chicago of a telegram is forty
cents, and to Kansas City is thirty cents.
Again, the telephonic rate between Omaha and Chicago is
for the first three minutes,.whereas it is only
1.00
to 'Kansas City, and the proportions for any additional minutes
spent in conversation are the same.
In other words, it costs
ono-third more to telegraph to Chicago than it does to ...ans'as
City, and it costs three times as much to telephone to C 'ica;,o
.
as to :ansas City.
Now, these gentlemen have also omitted all mention of
other lines of railroad.
It is doubtless known to you gentle-
men better than to me, because I am not especially familiar
with it, that the lAirlington Road goes
ap to Omaha, that the
Lissouri Pacific goes up to Omaha, and that the Burlington
and the ..,issouri lifIcific both have lines that go up in the
region of Lincoln; but in addition to that, the Rock Island
Railroad starts out at St. Joseph, and traverses the whole
southern tier of Nebraskan counties, -- some eight or ten
counties, -- 'lid traverses, I might say, the most densely
settled portion of Nebraska.
The richest, the finest, the
most productive part of Nebraska is the territory south of
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Federal Reserve Bank of St. Louis
the Llatt Elver.
That's the most thickly populated, it's
the oldest, L.nd it's the country that has the largest towns
in it.
The Grand Island Eailroad originates at St. Joseph,
and traverses for some distance the southern part of iTebraska
and finally roaches its ultimate destination up in Grand Island, up *lout the miOdle of Nebraska.
Now, they have not
given you a sin7le statistic with reference to what is done
by those railroads.
Yet they stand here, almost contending
that we belong in an entirely different class.
(To the Governor of the Board):
How much time have I
taken?
The Governor of the Board:
You have taken about forty
minutes.
Judge Goodrich (continuing):
I do not thinh, gentlemen,
that under these circumstances I ought to weary you much
longer, but I do want to cull your attention to the fact that
it may be contended here that all these twenty through trains
that they have to Chicago afford very much better mail facilities, and I .:ent outside the record a few days ago so as to
procure information as to just how Omaha is served from Chicago
and from
Kansas City, from the standpoint of mails.
facts appear on page 36 of the brief.
These
It will be shown there
that there go each day from Omaha to Kansas City seven mails,
and they go at very seasonable and convenient hours: for
intance:2, eight o'clock in the morning; 8:45 in the
J.
morning;
1:30 p. m.; :nd on up to 11:35 midnight; and the times they
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Federal Reserve Bank of St. Louis
are received
in .-ansas City -- the mails aro received in
sas City -- are seven.
are only six.
tan-
Now the mails from Omaha to Chicago
In other words, there is one more mail each
day going from Omaha to Zansas City than there is going from
Omaha to Chicago.
We suffer a little bit on the other route,
but on the mails that come from Chicago and come from .Y.ansas
City to Omaha, they have nine and
These statistics here in th
have seven.
e rel:orts sl-oa that a
large part of the business in the extreme northeastern part
of Nebraska is done with .inneapolis; these statistics here
show that in western Nebraska its transactions
re naturally
in large measure with Denver; and the statistics here show
almost conclusively that '!yoming has heretofore done substantially all of tis business with the State of Colorado.
very evident.
That's
Cheyenne and Laramie are the largest centers
in the State of *yoming, and they are both DrLctically within
one hundred miles of the city of Denver.
Hero is another significant fact that you gentlemen
would be justified in taking into consideration in the consideration of this matter.
Everythin- that these gentlemen
are saying, if true, could be said wit. much. .ore force by
Denver.
If what they say is true, 2enver could likewise
make the self-same complaint, -- but _enver and Colorado
are not here complaining.
There is one fact that I omitted, that I think
has
very direct hearing, both on the uuestion of due course of
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Federal Reserve Bank of St. Louis
trade, and the question of convenience.
You centlemen are
doubtless aware -- familiar with the great mail order houses
of Z.ontgomery, ,urd and Company, and.
oars :- oebuck and Company.
They have, for many years had their headquarters in the City
of Chicago.
ard
,lbout four or five years ago the :ontgomery--
concern changed its manner of handling its western products,
and established its mail order house in Zans_ls City, in order
to serve tnis western country, and the statistics compiled
by that concern, and heard before the Organization Committee,
showed that 12.3 percent of the entire business done by that
ansas City house was done with the Ctate of Nebraska, and
:ures become very si-nificant when they are put
those fi;
against the fir-ures that only
done in the State of Missouri.
percent of its business was
The testimony there shows also
that Zan:3as City does business way up into Iowa.
Its trade
territory embraces this entire country.
The Committee acted wisely, and in my judgment, it could
not have made a more lord.cai selection, and Jor you gentlemen
now to overturn their action, and set aside what they did,
would be to refuse to have due regard for the convenience and
customary course of business.
Dr. a
C.
I would like to ask counsel
hother
he has considered -- and I will ask also .r. Brogan -- the
way in which this district will be affected in the matter of
clearings by either its retention within the - ansas City dis...
trict or its transfer to the Chicago district.
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Federal Reserve Bank of St. Louis
Judge Goodrich:
It is to t--A.s extent, of course, -- the
making of this change would reduce the caital
of the federal
reserve bank of :_ansas City below the minimum, ;Jut I
undertake
to say that so for as the Nebraska banks are concer
ned they
will continue to clear their affairs primarily as they
have
heretofore.
,:":_e testimony here shows that all the smaller
banks throughout the Jtate of rebraska have kept their
accounts
in Chicago and in New York only for exchange purposes,
and that
their primary transactions have been with the larger
banks
either in Lincoln or Omaha, and that they keep their
reserves
there.
It is possible ti_t in order to afford them ultimate-
ly all t- _,e facilities they want, there ought to be a
branch
b.A. established at Omaha, but I might say this in connec
1k
tion
'A.-t';1 that, it is (2. vary significant thing that so far
as the
1)27sent experience of the federal reserve bank of Kansas
City
is concerned, the :Tebraskan individuals have taken a pronou
nced
liking to it, if results are any indication.
Of the discounts
that have thus far been made by the federal reserve bank
at
AInsas City, and those that remain on hand at this
time, fully
sixty-five percent cre from the State of Nebraska: and I
understand that at all times mo:'o than fifty percent
of the
loans that they make have been made to the
-tate of Nebraska;
and 1 understand furtherLloye from the evidence that they
have
yet the first complaint to her from any banker in the
State
f Nebraska as to any inconvenience he has suffered
in the
)
i
ilatter of procLring his loans. Is there anything else?
Does
_
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Federal Reserve Bank of St. Louis
•
-
that answer your question?
Hon. Paul M.
a.r1yui7:
.Lre you familiar with the aggre-
gate loans of Kansas City?
Judge Goodrich:
1 beg '!our - ardon?
Hon. Paul M. Warburg:
Are you familiar with the aggre-
gate loans of Kansas City?
Judge Goodrich:
but they
Hon.
be
I have not the information at this time,
exceedingly small, -- about
'artur7:
aul
45,000.
0,000.
Sixty-five percent of that will
Th.9.t will not be complete proof as to business
in Uebraska.
Judge Goodrich:
But it is si7nificant that they have ex-
perienced no inconvenience in having their transactions there,
but in many parts of Nebraska a local banker can leave home
after breakfast, have several hours in
City after the
transaction of his business, and be home al .a reasonable hour
in the evening.
Dr. A. C. Killer:
irior to the establishment of the
reserve bank in 'i".ansas City, did any of the banks in Nebraska
were they not in the country clearings system having headquarters at Kansas City?
Judge Goodrich:
were handled.
I do not know just bow those matters
I ±now we are counsel for the
of Commerce
in Kansas City, and I know they had substantial transactione
with banks in the larger towns of Kansas, and I aprehend
there was some system whereby those accounts were handled in
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Federal Reserve Bank of St. Louis
Xansas City at par.
Dr.
A.
I can find ouJ -boat that.
C. Liner:
It would be interesting; you might do
so.
,d1GUIENT IN REBUTTAL BY L. PRANCIS A. BROGAN, OF
COUR EL
NEBRASKA AND
Gentlemen of the Board:
1
.- .0LING.
I just want a few words; and I
want to say I du not think there is enough
diiference between
us as to the ultimate facts to justify any charges of misrepresentation or charges on either side.
Tho matter on which
we differ is rather as to the analysis of admitted figur
es than
anything else, because there is no dispute as to actual faote
.
One point I want to clear up without any delay:
There is
no doubt in the world, and I thinh I tried to state that
in
my opening, that r.:11 this territory from northern Texas
-- I
might ca
from centr%l Texas -- to Canada is equally alike
in
its products end its wants and its needs, and that
is precisely why it does not tend to rIcet in one common cente
r, because
its traffic all flows east and west, and naurL.11y
distributes
itself in zones, just as I have contended for, and
There would
be just as much reason for contending that the
Dakotas aught
to go into the came territory ,ith Z:ansas City
as that Nebliaska aught to, because their products are ident
ical.
It is
that that separates them into these parallel
routes.
Now, one other possil,le misunderstandin
g I thought to
correct was this:
It was said that at the hearing no one
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asked that this territory be put into the Chicago district.
Doubtless there was no one there furnis ing a 'brief and asking
for that.
As I pointed out in my opening statement, that was
one of the unfortunate conditions, but the Committee itself
sought to correct th t short-coming by asking for a statement
as to the preferences, so as to include other cities as well
as those that were prepared to ask for riarticular territory.
They called on all their banks to give the first, second, and
third choice, and although there was no active propaganda, yet
they got the actual wishes of those banks in the matter.
On page 353 of their report they s',ow how the Nebraska
banks voted in res,onse to that reouest, and I think this is
very significant.
It is true only five banks named Chicago,
because there was active propaganda in behalf of Omaha and
Lincoln, and Omaha Jot, and Lincoln got, and .17Ansas City got,
eight votes for first choice.
That accounts for that small
croup in the southeastern corner of Nebraska, which I concede
Is debatable territory between Omaha and :,.ansas City.
to
the second choice, it becomes more significant, because Chicago
had 110 votes.
majority of the banks of Nebraska voted for
Chicago as second choice, and only nine voted for Kansas City
as second choice.
or their third choice 54 voted for Chicago,
and 49 for ".ansas City.
So that you have a total first, see—
ond and third choice of the Nebraska bankers, of about 170,
and Kansas City received about, I should say, 68, first, second,
and third choice votes.
:lien we turn to :yoming, it is not
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correct that ',:yoming wets unanimous for !enver; it was almost
evenly divided between Denver and Omaha, in recognition of
the fact that its traffic is generally eastward, althoug
Denver is nearer to it, and perhaps more evenly situated by
Yet there were
train service as to _large parts of 'yoming.
ten banks voting for Omaha, and twelve for Denver and Chicago;
so as to the second and third choices, Kansas City was not the
first or second choice of any 4yoming bank, but the third
choice of three.
o counsel was mistaken when he said there
was no expression beforp the Committee as to the Nebraska and
Wyoming banks.
On the contrary, there was a very emphatic
expression that if they could not get Omaha or Lincoln, they
wanted Chicago as third choice, and that that was the proper
place with which to relate them if they were not to have the
bank in their own State.
In line with that very thing I have no doubt that rr.
Yates aplieaxed at that meeting and said that as between Omaha
and Chicago the Chicago banks would know relatively little
about conditions in the Nebraska banks, but his talk was entirely with relation to Omaha and Chicago.
It does not follow
that Kansas City would know any more or as much about condiI tions in the Nebraska banks as would the Chicago banker.
not
I do/think counsel can be correct in saying that thirty
percent of all the cattle shipped out of Nebraska came to
Kansas City.
I personally - -
Judge Lloodrich:
Y.he testimony shows it.
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Federal Reserve Bank of St. Louis
Ur. Brogan:
I understand.
There is a mistake somewhere,
because it could not amount to that.
Now, we have some figures
here that I think overturn it completely.
possible.
It could not be
I think it is not even thirty percent out of that
portion which runs alono' the southern part of Nebraska.
Let
me new you these very figures which he read from cur brief.
They would indicate a different condition of things.
(in page
56 of the certificate of Kr. iolcomb, who was not representing
a bank, but is the traffic manager of the C. B. &
Company, he states:
"Er. N. . Yates,
President ilelorasa il':„tional rank,
Omaha, Nebraska.
Lear Sir:
”In accordance with your request of even date,
I wish to advise that the following is a statement
of cars of the commodities named, handled by the
Chicago, Burlington & ,uincy, having origin in the
States of Nebraska and Wyoming .
,Dnly the Union Pacific did not confine it to this, but the Burlinc;ton statistics :re confined to Nebraska and -yoming, and
Thaving destinations Omaha and east, St. Joseph
and Kansas City for the fiscal year ending June
30th, 1913."
as follows:
(This letter, which was dated OlivAla, November 11, 1914,
gives the totals for live stock, grain, gravel and sand,
dairy products, hay, and feed, for Omaha, St. Joseph and Zansa8
City, as U0,764, 11,103, and 12,269, respectively.)
Now, all that live stock alone as against St. Joseph and
Omaha, and business from Nebraska and St. Josph, is on its
way east.
It reaches Chicago, and therefore, so far as the
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Federal Reserve Bank of St. Louis
Nebraska banker has' to do with it, he is entirely in the Chicago
bankers' hands, but if you put these two together, of the
thirty thousand cars of live stock shipped on the Burlington
system alone, it is, we will say, better than one-third of
Nebraska's.
The three great systems, the :orthwestern, the
Union Pacific, and the Burlington, practically control that
traffic.
There are ot ers there, -- the .Lock Islana sends
-
trains trough, and the Lissouri 2ucific is struggling with
the problem, and the Grand Island is is court, but these are
the three great systems that handle the traffic, and this is
the statement that of the thirty thousand cars handled by
Omaha and St. Joseph, 4,500 were handled by Kansas City.
fail to see where they will get thirt
I
l'eacent of even the
one-third to Omaha and It. Joseph together.
:Ansas City muld
have nothing to do with St. Joseph traffic and shipments, and
this is not :-Ln ?rgument as against 'ansas City for Omaha, but
of all the traffic '7hich goes through Omaha and Ifanoas City,
and of the
0,000,cars only 4,500 were handled in
ancas City,
so the statement that only thirty percent of the cattle produced and shipped out of Nebraska will go to Kansas City can
not oossibly be sustained.
I do not think counsel meant to say that the purpose of
this act was to break up the .
existing order of things.
I un-
derstand it was to distribute some of the congested reserves;
I understand that to be the purpose; but to say that generally
speaking it was to destroy the existing course of business, or
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Federal Reserve Bank of St. Louis
even the existing course of bank exchanges, certainly must
be
a miOinterpretation of the act, because Congress was careful
to avoid the possibility of such an interpretation of this act
by providing that the districts slioud be a. ortioned with due
regard to convenience and the due course of business, and tat
does not moan that customary conditions should be allowed to
continue, so far as a change might he necessary to carry out
the purpose of the act, whicl was to distribute the reserves
,
in the great reserve centers.
Ls to the statement concerning collections, this I do not
think involves clearings, hut collections handled otherwise,
including clearings.
Perhaps there is no basis for the criti-
cism of counsel that this certificate sl.o-s in ti.o printed brief
just what banks and jus.L what towns have contriluted to this
information.
Obviously, it does not include all of Uebraska,
becsuco it includes only 153 of the banks, and their names
and be tions are .iven 'ore, so there can be no misunderstanding as to what information was - Llid to be furnished here, but
2
they sow the remarkable fact that excluclinr: large centers of
.
South Omaha and Lincoln, of the banks of the lessor class
throughout the State, 153 show practically no 'business whatever
with ]lansas City, snd especially from the large business with
Omaha they show s lsrge business with Csicago.
Now, that's what this is for.
e are conceding, and have
throughout, that there is a small corner or strip, if you
pleaue to call it, of Eebraska, tradinP: generally and shipping
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Federal Reserve Bank of St. Louis
more to St. Joseph than to Kansas City, yet it lias some rolati ns with Kansas City, and if the _1oard thought that there was
a reason because of that fact or because of the necessity of
retaining sufficient capital -- bankin : capital -- in .ansas
,
City, if those things were im-nortant enouc-h to justify breaking the state line, there would be no serious objection on our
p rt to a few of those counties heir:: left in the ansas City
district; -- not of course half of tbe
tate, as claimed here,
because that would be (!_oing violence to the wishes of nearly
half of these petitioners, but probatly four counties, -- five
or six at the outside, -- in the southeastern corner of Nebraska, could be loft in the Kansas City district without
doing any great violence to their business, tut that itself
is not an argumen'. Zor continuing the inconvenience as to the
rest of the state or as to
yoming.
How, my understanding ie
that the rest of the banks all clear through Omaha, -- substantially
that their business is there.
Just how they
will be affected by this arranp-ement I do not profess to be
able to discuss, because I lack the technical knowledge of
bfmkincr, but I know their banking relations are with r'maha.
:low perhaps I shou d refer to one other feature.
Counsel
discussed the fact that so far as the individual who produces
Le product of the farm, and as far as the small country bank
ie concerned, they have no direct relations with the ultimate
purchaser of the procL-ct, or wit
the final bank where the
exchanges are carried on; and that is true; but the various
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Federal Reserve Bank of St. Louis
transactions are related to each other.
The farmer sells
cattle to the buyer in the village, and gets a check on the
n
loc9] 1 -1- T-, but that dealer ships to the nearest point, Omaha
or Lincoln, or some other towns in Lehrashs. that carry on
shipping business, an
there he may sell or ship to Omaha or
Chicago, and he receives something in exchange, which ultimately comes from the purcacer in C' icago, and so there has to
be a bank exchange carried on, and affecting ultimately the
farmer who grows the crop
nd the small banker
ho first holds
the check that pays for the cattle and the grain.
You can not
separate the interests of a State, Tleroly because those relat
tions will exist ever-y:here, and I fail to see the bearin,- it
,
has whatever.
I was not able to discuss the statement of the sixty-five
per cent of the loans from Ilebrasa, but the question as7-ed by
a member of the Board of course disposes of that.
The loan-
ing is not sufficient in any part of the district to warrant
any att ck on it, and yet we have not been told
hat effect
the change of this district to suit the convenience and earnest
desires of ilel)raska and Yyoming would have upon the Kansas
City bank,
',That harm would it do?
- ould it do any harm to
Kansas and Oklahoma and other portions?
affected the bank itself.
you take away this
Obviously only as it
That harm 7;ould it do the bank if
1,600,000 of capital, and if you wish to
protect it by leaving a half million or so in the southeastern corner, and if you find it advisable to add three or four
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
hundred tLousand dollars from the Okla
homa counties pet5tionin2; to get into the district, you woul
d leave v, capital between four and a quarter and four and
a half millions. Yinneapolis has only four and three-quarte
r millions, :2.nd but one
or two of the other banks have a
little over four million; so
it can not be said that the desi
re of the management of the
Kansas City bunk to retain as larg
e a capital and as large a
territory in which to do business
as possible is a factor to
be taken into account in this matt
er at all, because it was
not the purpose of the location of
banks to benefit the city
where the banks were to be located,
nor the banking business
in that city, except as all banking
business in the locality
would be benefited.
And in conclusion I want to say that
the unanimous petition of substantially all the banks
in Nebrasa and yoming
Is an important factor, and not to
be overlocked in this considerction. They know and our;lit
to know wl.
letl,or it is more
convenient for them to do business
with Chicago or Kansas
City, and they know or ought to
know whether the purpose for
which they exist win be better acie
ved. by joining them
•
with Chicago or :Kansas City.
The Governor of the Board:
Gentleen, we will take this
under advisement.
Bror7an: :ay I make this re7uest?
This brief Was
MC
prepared by JudF;e/Jigh and 1.- r. Yate
t
s, who was chairman of the
committee, has died recently. On
account of some important
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
matters which kept Judge McHugh away, he is not a1
-le to be
here, and I -ant to present some different points in my arguments.
I would like the urivilege of filing, an additional
supplemental brief along the line which I have discussed here.
The Governor of the Board:
:Ir. Brogan:
How much time do you want?
I will do it promptly.
The Governor of the Board:
How much time would you sug-
gest?
Mr. Brogan:
Two weeks, if that is not too long.
The Governor of the -1;ourd (to Judge Goodrich):
-
Men you
want an opportunity to reply?
Judge Goodrich:
This situation of course is one that
needs to be determined as speedily as possible, because it
levos the sitaation in a state of uncertainty.
The Governor of the Board:
.ould it not be possible for
you within two weeks to send brief and reply?
Yr.
og.ln:
It takes three days to get home.
m
, „
A-overnor of the Board:
Of course counsel may mu-
tually agree to extend the period to a reasonable extent; I
woulJ suggest ten days or two weeks as the time if possible
for the preparation of your brief and your counterbrief.
Ur. Brogan:
May I ask if the Oklahoma petition has been
postI;onol?
The Governor of the Board:
It will be on the twenty-
fourth.
hon. Paul :... harburg:
The twenty-fift71.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
AC,
Lr. Brogan:
I should like to hbve our brief in b7 that
time, because I think you will iind it desirable to consider
them both by that time at least.
The Governor of the Board:
e will leave it
itL that
understanding, then, that counsel will agree to send their
brief and counter-brief WIthin tlie time suu:ested.
(.7hereunon the hearing was adjourned.)
AL RESERVE 03ARD FILE1
likreasnrg pepartnxeut
TELEGRAM
8120
A
29
BACK DATE
OLAHA
rEB
Feb 1 1915
C S Hamlin
Washin D C
Mr Francis A Brogan of Omaha will represent the
Banker of Nebraska
and Wyoming at hearing before Board on
Wednesday next for removal
of those states to Chicago district
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
W D McHugh
1145am
•
ROBINSON & GOODRICII
LAWYERS
ELIJAH ROBINSON
JAMES E. GOODRICH
STUART GARKENER
W. C. REYNOLDS
W. J. BLAND
011 COMMERCE BUILDING
KANSAS CITY, MO.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
January 20, 1915.
1,1r. H. Parker Willis, Secretary,
Federal Reserve Board,
1ashington, D. C.
Dear Sir:
We are forwarding to you, under separate
cover, twenty copies of our brief in behalf of the Fer.eral
Reserve Bank of Kansas City, in. reply to the brief of
the banks of tbe states of Nebraska and Wyoming for transfer
from District Number Ten to District Number Seven.
KIndly
ackrowledue receipt of the same.
We have also sent a copy to :Ir. William
D. McHugh of Omaha, counsel for petitioners.
Very truly yours,
Attorneys for Federal Reserve
Bank of Kansas City.
:
FEIPERAL RESERVE BAA
OF KANSAS CITY
J. Z. MILER, JR.
---The telegram given below is hereby confirmed.
Chairman and-Federal lge'ler*e Agent
\,‘\--
'-
December 309 191
U. Parker Willis,
Sooretary, Federal Reserve Board,
7ashin„oton, D. C.
AS Vie -inclerstand rule promalgated by your Board on August twenty eicht
our brief in opposition to application of Nebraska and. Wyczaing ban.'m
for transfer to district semen mast be 'based upon testimony taken before
Ormailzation Comittee (Period.) Vie have requested. that same be cent
to us but have not received it (Period) Can you have same sent to us
or to local Federal reserve bank for use inraediately (Period) Answer.
Robinson & Goodrich,
Attorneys for Federal Reserve Bank
of Kansas .Cityl
REG IJI\
Charge, Federal Reserve Bank.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•-• ii
.
en 10-'•
,,I,„1\ ,
•„2
:I ic,61:10%
•
WILLIAM D.'frHI-IUGH
COUNSELLOR AT LAW
if
December
Twenty-first,'
Nineteen Fourteen.
FIRST NATIONAL BANK BUILDING
OMAHA
Federal Reserve Board,
Washington, D. C.
Gentlemen:I acknowledge receipt of the notice that
February Third 1915 has been fixed as the date of hearing of the oral argument in the case uf the petition of
member Banks located in Nebraska and Wyoming, requesting
a transfer from Kansns City to Chicago District.
I am in hopes that the reply brief which is
overdue, will be filed soon and a copy mailed to me.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Very truly yours,
-4 4
4
•
,;2'
t
RECETITEP
olc,A
if 12
,!,k01111/ii
,
4 /0
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/
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http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
You are hereby advised
that February 3, 1915 has been
fi:zed as the date for hearinzu
of banks requesting transfer from
thr: Kansas City to the Chicago
Honorable G. M. Hitchcock,
United States Senate,
Washington, D. C.
•
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.- •
tii'D
•
04"
Mr. WillL,m D. Mellugh,
The rint Natioria Bank Building,
Omaha, Netreeks.
Tcurc
er, ;by notificd t)a.t the: FedorL1 1,er - -v r:
.
hz;,o fixed Fc.1,ruary 3, lc15, ar, t!:e d:.to of th,. 1-0•ri,i of cr‘:1
aruNents
tho ratter of the Tetition of metber banks lootted
in yebv:3ka and Wyomin ranivz.sting a tr.:.nefer from the KL,nsi.s City
to 4 14; Ch:cago District.
.
This hohrirz will be held Jr the of'icc of the Fadf,ral
Re-:erve Board, Wr , hiLEtox, D. C., itt 11:QC: o'clock.
Pliv4o acknowledge receipt of this notice.
A owl of tYe raply bref will be wailed tc. io
as it is filed ty Mover-;. 146binson
Gcc,2-ich on tatlilf (f tLe
Feder81 Re-ervf; Dank of Fanivle City.
Perrectful2y,
Governor.
Secretary.
.t; uoon
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
JFD
Docemb(.3r le,
Mec-re. Robinson and Goodrich, At7ornoys-t-Law,
CoLvorcc Building,
Kansaz City, Viosouri.
Sirs:Yi-;11
Loreby notifioj thw; the Federzl Peurve &tuft.;
L-r fix ea Febrw;ry 3, l'ab, as
d- to or the hetirInA cf on.t1
ari.,u,:,onts in Ala i'r-Vor of th‘.3 r -Aitirn of tlmber bunks located
in Ncq- r,6ka and Wyomirp, 1,1(1.w:toting a transfer Iron the Kansas City
,
to the Chico Di,Ltrict.
Thio4 14;arirc will be teld iv 4.
.Le cf
-ice c' tlm Federal
Pesecva Bou.rd, v:EshinEton, D. C., wt. 11:0C o'clock.
riase ackno413dEs reecipt of t):is rctics.
Poctfully.
(7c:rernor.
SeCretry.
/
TREASAY DEPARTMENT TELEGRAM.
WHERE WRITTEN:
FEDFRAL RESERVF BOARD.
Washington,December
knit.,
10, ,RD vx5..
Robinoon a Godrich, Attorneys,
Federal fleserve Bank,
Kansas City, :o.
Your request for extention of
1E
:11
-‘1
jio i :
\
"
i io00 .4
in ntter of petition of 7.ebraska and 7yonling banks has beet
granted by Federal Reserve Board.
Secretary.
.4
INESS.
OFFICIA
GOVERNMENT RATES.
CHARGE TREASURY DEPARTMENT, APPROPRIATION FOR
The appropriation from which payable must be stated on above line.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
CEPARTME NTAL STOCK FORM 21 28.,
1
RBP.....
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
rovember 26, 114..
: essrs. Robinson and Goodrich,
,
:
Lttorneys at Law,
Cormerce Bcti1din,:.::zinsas City, :..lissouri.
Sirs:
This office is in receipt of a letter from :!r. J.
Federn1
eserve
ristrict .10, st,lting
tIL.Lt 7ou have been nppointed ronrosentativef, of thc feJeral
fles. •rve B3n1: at K Insfts City, .issouri in the :1LItter of
:
,
:trren/s frou thrY decision of the Teservt Et.n'e Orca-aizntion
Conmittees
embqr br.mks located in :obras's.a and
yom3ng have filed
z;. petition and brief in support thereof, requesting that the
territory in which they .:re located be transferred from District ;;10 to District #7,
in ack-ordnroe
Ilegult
-Ation 1, relating to rrocednr6
in appeals from decision of thr '
.1eserlm Bank Organization Committee, 1 ui forvirrdinc you under odix,.rate cover a copy of the
brief filed by petitioning banks.
This tfAter 'ill be taken up by the Borrd in due course and
rs soon as a day can be set for a hearing, after the receipt of
your reply brief, yen will be so notified.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
llesors. Robinson tb: Goodrich -
I arn eirlosinz; herewith copy of ReraDLtion O., coverthe procedure in this case.
Respectfully,
}:;ecretary.
-enclosure-
/;1'2 •
7
111P044,0
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1.ovomber 28, 1914.
J.
Jr., Chairman,
Federal nesorve Bank,
Eanzas City, :licsouri.
1 yin to acknowledae receipt of your letter
of November
dczignating Ilnesrs, Lobinzon and
2.5th1
/
Goodria to represent your bark in the matter of
uppealu fro: the deciLde:,1 of tlw Luserve IlEirlk Orb:Li-II/I:at:Ion Ccmnitteo,
Respectfully,
Secretary,.
DIRECTORS
OFFICERS
J. Z. MILLER, JR., CHAIRMAN
AND FEDERAL RESERVE AGENT
ASA E. RAMSAY,
DEPUTY FEDERAL RESERVE AGENT
W. J. BAILEY, ATCHISON, KAS.
C. E. BURNHAM, NORFOLK, NEBR.
THOS. C. BYRNE, OMAHA, NEBR.
GORDON JONES, DENVER, COLO.
M. L. McCLURE, KANSAS CITY, Mo.
R. H. MALONE, DENVER, COLO.
L. A. WILSON, EL RENO, OKLA.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
FEDERAL RESERVE BANK
OF KANSAS CITY
CHAS. M. SAWYER, GOVERNOR
JEROME THRALLS, SECRETARY-CASHIER
-..
November 25th, 1)14.
Dear Doctor Willis:-
In re Regulation No. 1- Appeals.
Please have appeals from the decisions of the Reserve
Bank Organization Committee, regarding transfers, referred
to Messrs. Robinson and Goodrich, Attorneys at law,Commerce
Building, Kansas City, Missouri.
Respectfully,
-e Federal Reserve Agent.
Mr. H. Parker Willis,
Secretary, Federal Reserve Board,
Washington, D. C.
•
DIRECTORS
OFFICERS
FEDERAL RESERVE BANK
J. Z. MILLER, JR., CHAIRMAN
AND FEDERAL RESERVE AGENT
OF KANSAS CITY
ASA E. RAMSAY,
DEPUTY FEDERAL RESERVE AGENT
W. J. BAILEY, ATCHISON, KAS.
C. E. BURNHAM, NORFCLK, NEBR.
THOS. C. BYRNE, OMAHA, NEBR.
GORDON JONES, DENVER, COLO.
JEROME THRALLS, SECRETARY-CASHMR
V
M. L. McCLURE, KANSAS CITY. Mo.
R. H. MALONE, DENVER, COLO.
L. A. WILSON, EL RENO, OKLA.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
CHAS. M. SAWYER, GOVERNOR
oyLvol.
, ;?•
1
0
E Bo
-%/
/C
November 21st, 1014.
My dear Sir:Your favor of the 17th instant, suggesting
that we appoint some representative, preferably
an attorney, to whom petitions and briefs filed by
member banks which desire to be transferred to another
district, received.
This matter will be referred to our executive committee,
and ft representative will be named, nnd you will be duly
advised.
Yours truly,
Chairman
Mr. H. Parker Willis,
Secretary, Federal Reserve Board,
Wnshington, D. C.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
JP)
I
Nov,
7.mb-T-r 17, 1424.
e
Mr. ',7illiaan D. NcEuch, Counsellori.at-Law.
The First Nie.tional a,n1: Building,
Oah,F7.1mkuka.
Your_leter_of November_14J*0 received, recording the
shilp.
iont by Adczs Papress of twenty copies of the brief in suprort
of tlio pstitiens for L,'tmAnsfor of the banks in Mebrnaka z.,nd
Wyoming
1*
the Federal rennrve District of Chicago.
dish to ;.-xknowledge receipt
or
the briefs and the
OoNlynts ,,
,nclosed thsreviith.
Re3p3ctfullyo
Secretary.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
,
ti
Novo;lber 17, 1914.
:,:r.
I1I
LT:1
D. McHugh,
t 17: tional B
Nebr: sl:
Sir:
Your letter of i;ovatber 10W is received, enclosing petitions
of mItiony.1 bc.nka of Hebr: ska and
tion of the Reserve, BAV
yoming for
rovie-:: of the
c-
Cora-Atte° in id: cinc the
t rritory comprising the States of 1:ebr3sk
of reaorLl. reserve district A.0
rid
yoraing
ithin the
prLying that .(3.id
territory be taken out of c id district Li1.0 'nd Lnacxed to -`eder.
-:1
reserve district
This ratter
ill be talren up by the Bc•;rd in due course :nd Ls
soon Ls
y cn be :let for %, hearing, ::.fter rep17,- briefs h: ye been
filed, you
ill be so notified.
I cm encic,sing here ith
copy of Regu.1 tiot
1, iss-zed by
this Bo; rd, rel tive to the procedure in 3ppeals fran decision of
the Reserve
B:ink Organization Coanittee.
Respectfully,
Secretary*
-enclosure-
(
JFD
40:• •
4
tJ
NovrIbrIr 1,, 1914.
1
•' 'il
' ..,-,‘
)
--,' 1 ,1 ' I. -• ',,,....
tr. J. Z. MilLr, OhtUmana
4.
T:I1ory.1 Ro3c,rlie 11.n1,
Kansz.J (13ty, Missouri.
Sir:•
',., , :•••//
• ,y,'7
.1
stelost- d for your iaormation a ct,py of
111,1/
••
_
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
ro. 1, rov.rntA! ,h3 mthoki of proceCurt in arpezda fro tLa decision
of
'1,0
rv -
You. 1;11 ob'r"
ColLmittee.
tk,twher4. b'Anks, .0 irembers of ono PJLer
,
Reserw). District, r.)qu6st the Fedema Roscrve Bow.r(i to raview
derlsion of the Ori>nizo,ticn ComAttoa c.nd to tmmlfer territor5 in
,
.;11.)
such bi-.nks art loeyted to r.nother district,a Fitition to tl is
ect''13 - (1 by '
,url btas sLia] be r5f3rr-et
o the rzImusn4tive
ictd Ly the Fed:r.t1 Pesorvc B...nk for rly.
Pet.t1:ve been 1'11(0 in this ofric.o for tmnafer or member
lm.
,ted in th
trritory cou,prisi- ,s the Statec of WyQi43,.ncr. ina
,
-
N-bryska fror, the 7,tdera1 Re.mrve ristrict of KAns2s City to the
FnCeral Re'ierw District of Chicirzo.
You ex° requeted to dosigna.te sov;e reprosenttive (r44feimb1y
,
an It':orn!ly) to whop siuch retition And brief filed in support t- ereof
.
be feZorred for rJ-Tly.
Posrectfully,
Secretary.
•
WILLIAM D. E11-IUG1--1
,
COUNSELLOR AT LAW
FIRST NATIONAL BANK BUILDING
November
Fourteenth,
Nineteen Fourtee
OMAHA.
ANSWEtEL
Federal Reserve Board
NOV 1 71914
Washington, D. C.
;21,14114
Gentlemen:-
On the tenth of November_ingIapt
the petitions of banks
I forwarded to you
in Nebraska and Wyoming and praying
for a review of the decision of the Organization Committee
in the creation of the Kansas City Federal Reserve District
and praying that the territory of Nebraska and Wyoming be
taken out of the Kansas City District and annexed to the
Chicago district.
I am sending you today by Adams Express, twenty (20)
copies of the brief in support of the said petitions, together with certain documents which we file with you in
the matter of the said petitions.
Please acknowledge receipt
Very truly yours,
RECEIVED
..
1_
(p N /247
12
44J
0191
8=„
!pint;
E3
4 --t
Jr
NOV lu
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
BurlinQtal
Route
CHICAGO, BURLINGTON & QUINCY RAILROAD COMPANY.
LINES WEST OF THE MISSOURI RIVER.
GENERAL FREIGHT DEPARTMENT,
OMAHA, NEB.
H. H. HOLCOMB,
General Freight Agent.
F. MONTMORENCY,
Ass't Gen'l Freight Agent.
W. W. JOHNSTON,
Ass't Gen'l Freight Agent.
Carloads handled by the OB&Q from Nebr.&Colo. Fiscal Year June 30,1913.
File N-98-369.
Omaha, November 11th, 1914,
Mr. H. W. Yates,
President - Nebraska National Bank,
Omaha, Nebraska.
Dear Sir:.
In accordance with your request of even date, I wish
to advise that the following is a statement of cars of the
commodities named, handled by the Chiwa, Burlington & Quincy,
having origin in the states of Nebraska and 7yoming and having
destinations Omaha and east, St. Joseph and Kansas City, for the
fiscal year ending June 30th, 1913:
Omaha
St.Joseph
Live stock
Grain
Gravel & Sand
Dairy Products
Hay
Feed
21410
14141
9245
1529
4101
338
9668
1435
TOTAL
50764
11103
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•••I
Kansas City
4520
7581
O.%
168
Yours truly,
oga
12269
•
r
•
i'D.,„D iLE
WILLIAM D. McHUGH
COUNSELLOR AT LAW
FIRST NATIONAL BANK BUILDING
November
Tenth,
Nineteen Fourteen.
OMAHA
Federal Reserve Board
Washington, D. C.
Gentlemen:I transmit to you and file with you herewith, petitions of national banks of Nebraska are Wyoming for a review
of the action of the Reserve Bank Organization Committee in
placing the territory comprising the states of Nebraska and
Wyoming within the geographical limits of Federal Reserve
District Number Ten (Kansas City), and praying that said territory be taken out of said District Number Ten (Kareas City)
and annexed to Federal Reserve District Number Seven (Chicag
.o).
Twenty copies of a brief setting forth fully the grounds
relied upon for a review of the said action of the Committee
will follow and be filed within five days.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Please acknowledge receipt
Very truly yours,
O
*
1
Omaha, Nebraska.
To the Federal Reserve Board,
ashington, D.C.
Gentlemen:-
The undersigned as committee, hereby present
to your honorable body, the petitions of the following
named banks:
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
*
1
NEBRASKA
LIST OF BANKS
JOINING IN PETITION TO THE
FEDERAL RESERVE BOARD
TO BE TRANSFERRED FROM THE KANSAS CITY FEDERAL
RESERVE DISTRICT TO THE CHICAGO DISTRICT.
*
*
*
*
*
*
*
First National Bank
National Bank of Ainsworth
Albion National Bank
First National Bank
First National Bank
Alliance National Bank
First National Bank
First National Bank
First National Bank
First National Bank
National Bank of Ashland
First National Bank
Aurora Natiomal Bank
Fidelity National Rank
First National Bank
First National Bank
First National Bank
First National Bank
Beatrice National Bank
First National Bank
rFirst. National Bank
First National Bank
First National Bank
Blair National Bank
First National Bank
First National Bank
First National Dank
Custer National Bank
First National Bank
First National Bank
First National Bank
First National Bank
First National Bank
Central City National Bank
First National Bank
First National Bank
First National Bank
First National Bank
Coleridge National Bank
Commercial National Bank
German National Bank
First National Bank
First National Bank
First National Bank
First National Bank
Creighton National Bank
First NLtional Bank
City National Bank
First National Bank
Central Nebraska National Bank
City National Bank
First National Bank
First National Bank
First National Bank
First National Bank
First National Bank
First National Bank
Farmers & Marchants National Bk
First National Bank
Commercial National Bank
Fremont National Bank
iFirst National Bank
*
Adams
Ainsworth
Albion
Albion
Allen
Alliance
Alliance
Amherst
Ansley
Arlington
Ashland
Atkinson
Aurora
Aurora
Aurora
Bancroft
Bayard
Bazile Mills
Beatrice
Beatrice
Belden
Benedict
Bertrand
Blair
Bradshaw
Bridgeport
Bristow
Broken Bow
Brunswick
Burwell
Butte
Callaway
Carroll
Central City
Chadron
Chappell
Clarks
Coleridge
Coleridge
Columbus
Columbus
Columbus
Cozad
Craig
Crawford
Creighton
Crete
Crete
Crofton
David City
David City
David City
Decatur
Dodge
Elgin
Elwood
Emerson
Fremont
Fremont
Fremont
Fremont
Beemer
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
- 2 First National Bank
First National Bank
Fullerton National Bank
Genoa National Bank
First National Bank
Gering National Bank
First National Bank
First National Bank
Citizens National Bank
Gothenburg National Bank
First Nationd Bank
Grand Island National Bank
First National Bank
First National Bank
First National Bank
First National Bank
First National Bank
Hartington National Bank
First National Bank
First National Bank
Exchange National Bank
First National Bank
First National Bank
First National Bank
First National Bank
First National Bank
First National Bank
First National Bank
First National Bank
German National Bank
Central National Bank
City National Bank
Laurel National Bank
First National Bank
First National Bank
Dawson County Natl Bank
First National Bank
Central National Bank
First National Bank
First National Bank
First National Bank
First National Bank
First National Bank
First National Bank
First National Bank
Madison National Bank
Farmers National Bank
First National Bank
Citizens National Bank
EcCook National Bank
First National Bank
Einden Exchange National Eahk
First National Bank
First National Bank
First National Bank
First National Bank
Merchants National Bank
Nebraska City National Bank
Otoe County National Bank
Neligh National Bank
First National Bank
Norfolk National Bank
Citizens National Bank
First National Bank
First National Bank
First National Bank
Farmers & Merchants Nat'l Bank
Friend
Fullerton
Fullerton
Genoa
Genoa
Gering
Gering
Gordon
Gothenburg
Gothenburg
Grand Island
Grand Island
Greeley
Greenwood
Gresham
Hampton
Harrison
Hartington
Hartington
Hastings
Hastings
Hayes Center
Hay Springs
Hebron
Hemingford
Holdrege
Hooper
Humphrey
Imperial
Johnson
Kearney
Kearney
Lrurel
Laurel
LeIh
Lexington
Lexington
Lincoln
Lincoln
Litchfield
Loomis
Loup City
Lynch
Lyons
Madison
Madison
Madison
Marquette
EcCook
I:cCook
McCook
Minden
Minden
Mitchell
Morrill
Naper
Nebraska City
Nebraska City
Nebraska City
Neligh
Newman Grove
Norfolk
Norfolk
North Bend
North Platte
Oakland
Oakland
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
S
-3,
City National Bank
Omaha National Bank
Nebraska National Rank
Merchants National Bank
U.S.Natioral Bank
First National Bank
Corn Exchange National Bank
First National Bank
O'Neill National Bark
First National Bank
Citizens National Bank
First National Bank
First National Bank
Fender National Bank
First National Bank
Farmers National Bank
First National Bank
First National Bank
First National Bank
First National itank
Security National Bank
Stockmen's National Bank
Schuyler National Bank
First National Bank
First National Bank
Scottsbluff National Bank
First National Bank
First National Bank
Jones National Bank
First National Bank
First National Bank
Packers National Bank
Live Stock National Bank
Stock Yards National Bank
First National Bank
First National Bank
Stanton National Bank
First National Bank
Smith National Bank
First National Bank
First Natjcnal Bank
First National Bank
Citizens National Bank
Tecumseh National Bank
First National Bank
First National Bank
Tilden National Bank
First National Rank
First National Bank
First National Bank
First National Bank
First National Bank
Saunders County National Bank
First National Bank
Farmers National Bank
Walthill National Bank
First National Bank
First National Bank
Commercial National Bank
First National Bank
Citizens National Bank
City National Bank
West Point National Bank
First National Bank
National Bank of Wilber
First National Bank
First National Bank
Omaha
Omaha
Omaha
Omaha
Omaha
Omaha
Omaha
O'Neill
0' Neill
Ord
Orleans.
Osceola
Oshkosh
Pender
Fender
Pilger
Pilger
Plainview
Platts mouth
Randolph
Randolph
Rushville
Schuybr
Schuyler
Scottsbluff
Scottsbluff
Scribner
Seward
Seward
Shelby
Sidney
South Omaha.
South Omaha.
South Omaha.
Spencer
Stanton
Stanton
St.Edward
St.Fdward
Stromsburg
Stuart
Syracuse
Tecumseh
Tecumseh
Tekamah
Tilden
Tilden
Trenton
University Place
Utica
Valentine
Wahoo
Wahoo
Wakefield
Wakefield
Walthill
Walthill
Wausa
Wausa
Wayne
Wayne
Weeping Water
West Point
West Point
Wilber
Wilcox
Winnebago
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
-4
Citizens National Bank
First National Bank
First National Bank
First National Bank
First National Bank
First National Bank
City National Bank
Wisner
Wisner
Wood River
Wymore
Wynot
York
York
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
WYOMING
LI.
(
311 OF BANKS
JOINING IN PETITION TO THE
FEDERAL REbERVF BOARD
TO BF TRANSFERRED FROM TH: KANSAS CITY FEDFRAL RESERVE
DISTRICT TO THE CHICAGO DioTRICT.
* * * * * * * * * * * * **
First National Bank
Casper National Bank
Stockmen's National Bank
Citizens National Bank
Stockgrowers National Bank
First National Bank
First National Bank
Shoshone National Bank
Douglas National Bank
First National Bank
Evanston National Bank
First National Bank
First National Bank
Albany County National Bank
First National BEnk
First National Bank
First National Bank
First National Bank
Rawlins National Bank
Stock Growers National Bank
Rock Springs National Bank
First National Bank
First National Bank
Sheridan National Bank
First National Rank
First National Bank
First National Bank
First National Bank
Buffalo
Casper
Casper
Cheyenne
Cheyenne
Cheyenne
Cody.
Cody
Douglas
Douglas
Evanston
Evanston
Lander
Laramie
Laramie
Meeteetse
Newcastle
Rawlins
Rawlins
Rawlins
Rock Springs
Rock Springs
Sheridan
Sheridan
Shoshoni
Thermopolis
Torrington
Worland
These banks comprise more than two thirds of the member
banks in the territory of Nebraska and Wyoming, and the petitions are
In each instance, signed by a duly authorized officer of the petitioning bank,
These petitioners pray that this honorable body will review
the determination of the organization committee appointed and acting
under the Act of Congress known as the "Federal Reserve Act",
in so far
as the said organization committee included territory
comprising the
states of Nebraska and Wyoming within the apportionment
of Federal Reserve District Number Ten (Kansas City) and failed to include the
said
territory within Federal Reserve District Number Seven(Chicago)
; and
the said petitioners pray that this Board by proper order, provide
that
the territory comprising the states of Nebraska and Wyoming, be taken
out of the said Federal Reserve District Number Ten (Kansas City), and
annexed to Reserve District Number Seven (Chicago).
The ground and reason of the petition is, that the customary
course of business participated in by Nebraska and Wyoming, is almost
entirely east and west, and that but a small fraction thereof pursues
a
north and south course,
The business of Nebraska and Wyoming centers
very largely in Chicago, while the business between
Kansas City and this
territory, is of small consequence.
As the customary course of the
business of Nebraska and Wyoming is toward Chicago, and
such a very
small proportion thereof is carried to Kansas City, the
petitioners
claim that the inclusion of Nebraska and Wyoming within
the Reserve
District Number Ten, was not in conformity with the spirit
or provision
of the Act of Congress known as the "Federal Reserve
Act" in that the
Inclusion of said territory within said district under the circums
tances,
failed to give due regard to the convenience and customary
course of business done in said territory.
The facilities for the transaction of business and of travel
between Nebraska and Wyoming and Chicago, are very much superior and
more extensive than those between the territory mentioned and Kansas
City.
The original petitions signed as aforesaid, are attached and
submitted herewith.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
6
The petitioners therefore pray that such action may
be taken by your honorable body, as will review the organization
of the districts mentioned, and re -apportion the said districts
so that the territory comprising Nebraska and Wyoming, will be
taken out of the said District Number Ten (Kansas City), and
annexed to said District Number Se vs
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
-Chicagro
L
tiE-17,41-a
di;
te_c ,
c
COMMITTEE.
COUNSEL.
•
fI
.
To the Federal Reserve Board,
Washington, D. C.
Gentlemen:
The undersigned
National Bank
respectfully petitions your
/of1
honorable Board that the State of Nebraska be transferred from
Reserve District Number Ten (Kansas City) to Reserve District Number
Seven (Chicago).
'`'
National Bank
October
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
•
•
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:The undersigned The Citizens
National Bank of Tecur3eh
Iffebr.
respectfully petitions your honorable Board that the State of
Nebraska be transferred from Reserve District Number Ten (Kansas
City) to Reserve District Number Seven (Chicago).
Tie
Citizens
National Bank of
Tecurseh Ne-hr.
CaLas
October
50
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1314.
/J
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:The undersigned
The
National Bank of Wilber, Nebraska
respectfully petitions your honorable Board that the State of Nebraska
be transferred from Reserve District Number Ten (Kansas City) to Reserve District Number Seven (Chicago).
The
.
October 30" 1914
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
by
National Bank of Wilber
411
To the Federal Reserve Board,
Washington, D. C.
Gentlem3nsThe undersigned
City
National Bank of 7:eePint Yater
respectfully petitions your honorable Board that the State of
Nebraska be transferred from Reserve District Number Ten
(Kansas City) to Reserve District Number Seven (Chicago).
Cit7
National B:
veering rater l!ebr.
By
IT-Pt.
oot.2-c 1914.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
•
•
•
To the Federal Reserve Board,
Washinc;ton, D.C.
Gentlemen:The undersizned
National Bank
of
respectfully petitions your honorable Board that the State of Nebraska
be transferred from Reserve District Number Ton (Kansas City) to Reserve District Number :',even (Chic
National Bank o
by
October 2
'a
.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
•
To the Federal Reserve loard,
Washington, D. C.
Gentlemen: —
The undersigned/Ze
_ National Bank
respectfully petitions your honorable
of _
Board that the State Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
)
)6-A-1 i- --/ 44a7 ,,_National Bank o
2
-t L2
c
by
,
••••••••••••MO/IMMWM •••••••••
/A914.
Ic
le-if/J-7
•
A,207.,)
a
•
wHICAGO
kORTH
AND Il
WESTERN ITAILWAY
Ccilk8
LINES WEST OF MISSOURI RIVER
OFFICE OF THE GENERAL MANAGER
F. WALTERS,
General Manager
OMAHA, NEB., October 19th, 1914
Dear Sir:
Answering your inquiry as to the percentage of eastbound business
originating on this company's lines in the States of Wyoming and Nebraska destined to Kansas City;
I have to say that very little business originating on
this company's lines in these states is destined to Kansas City, probably less
than three percent, the market centers being Omaha and Chic
.
Yours respectfully,
Mr. Luther Drake,
President, Merchants Nat'l. Bank,
Omaha, Nebraska.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Generaygnager.
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:-The undersigned
of
National Bank
respectfully petitions your honorable
Board that the State Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
National Bank of___
by___
1914.
4.0
0.1.••=1.0.
•••••••=11
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:-Thwndersigned
of
.4062
/00206E
1
.
L
National Bank
,A1161421L&„_ respectfully petitions your honorable
Board that the State of Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
—164
_
__National Bank of_
4;
21 4
by
Stf,nton,
7ebr....sept.:.3rd, 1914.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
/
2i5"---/
To the Feder1 Reserve Board.,
Washington, D.C.
Gentlena n:-National Bank
undersigned
of
es•••••••••••••••••••••••••••••••••
respectfully petitions your honorable
Board that the State of Ilebraskal::e transferred. from Reserve
District Yuoilper Tcn
Kansas City ) to Reserve District Number
Seven ( Cii .cago )•
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
_National E73.11.1r. o
by
(1914.
•
•
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:-The undersigned
National Bank
respectfully petitions your honorable
of
Board that the State Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago
by____
Aul;.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
(_)
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:-The undersigned
of
FL=
National Bank
__TILCOX_IMA2-A
respectfully petitions your honorable
N=WA
Board that the State of Wy0Wg be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Ch cago ).
_National Bank of
AFg•
Affi -?
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
COX
_
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:—
undersigned
GLIN
of
National Bank
respectfully petitions your honorable
Board that the State Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
_National Bank of__
1914.
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:-The undersigned
of itaaaar Nebraska-
National Bank
_._ respectfully petitions your honorable
Board that the State Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
rational Bank ofner,yeb
0111M1101••••••••
.
r
4 24th. 1914.
C
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
President
•
•
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:-The undersigned
of'
National Bank
respectfully petitions your honorable
Board that the State Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
__National Bank ofif
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:-undersigne
of
National Bank
_••••••••••••••••••
41••.1
respectfully petitions your honorable
Board that the State Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4t;
_National Bank of4L-45-4
.
,
••••••••••••
1914.
.>c
To the Federal Reserve 2oard,
Washington, D.C.
Gentlemen:-.en,
.6: e<
The undersigned L.
National Bank
/
of ,-2 -72%1- 6tex' _A-respectfully petitions your honorable
7
Board that the State Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
et514(
z=i7t4( National Bank of__
•
•
.To the Federal Reserve Board,
Washington, D.C.
Gentlemen:-he undersi ned
National Bank
!e--/-z-‘-e----respectfully petitions your honorable
Board that the State Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
r
f i
National Bank of 4e r
•
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:-The undersigned
of
AA
-44
-1&l.60/
110!L1&
National Bank
respectfully petitions your honorable
Board that the State Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
)
—
,L121___
11422-2 914.
i
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
rational Bank of__
/ksz-At8
4 4
2
•
•
•
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:
National Bark
The undersigned
respectfully petitions your honorable
of
Board that the State Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago,).
21r"-----49
May
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
National Bank of
/‘2.2_
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:-National Bank
T e undersigned
I
of
414.••••••••••
••••••••••••••....•
Mo.ON.
/
#
••••••••••1100...
respectfully petitions your honorable
Board that the State Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
_
May
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
`,1914.
_National Bank of
•
‘,7
•
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:—
The undersigned
of
National Bank
respectfully petitions your honorable
d
Board that the State Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
'
__National Bank of
by
May/
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
/
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:-The undersigne
National Bank
, respectfully petitions your honorable
of
Board that the State Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
National Bank of_
by
May
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:-he undersigned _
National Bank
respectfully petitions your honorable
of
Board that the State Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
/
_National Bank of
May
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
0,
•
(
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:-The undersigned
of
National Bank
000
respectfully petitions your honorable
Board t at the State Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
__
by
.4 1914.
May /1
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
National Bank
.....40111L41
4.1ww..wme
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:-The undersigned
National Bank
respectfully petitions your honorable
of
Board that the State Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
••••••••••••••••••••••••••••••••••••,
//'/
by
May...42193.4.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
National Bank of
•••••••,‘.meram.
•
I
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:-.fl erbhants
.
.
The undersigned Fa
of Oahla:nd,Uebraska
National Bank
respectfully petitions your honorable
Board that the State Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
Farmers & Merchants
May 14th. 1914.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
To the Federal Reserve Board,
Washington, D.C.
Gentlemen: —
The undersigned
of
221
National Bank
respectftilly :petitions your honorable
Board that the State Nebraska be transferred from Reserve
Digtrict Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
_National Bank of___
by__
May(/ 1914.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
e
/a a
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:-undersigned
National Bank
respectfully petitions your honorable
of
Board that the State Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven '('Cht9ago ).
.
•
National Bank
•I•
Iday 2--c.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
••••••••:::Lie•
f_
,••••••••••111••••••••••••••••••••••••••••••
/c.1
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:
The undersigned
.4.41
National Bank
respect ully Petitions your honorable
of
Board that the State Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
_
...yew..
ea.
•••••••••••••••••••
by
May
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
National Bank of
•
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:—
T
undersigned
of.
Uational Bank
••••••••••••••••••••••
respectfully petitions your honorable
Board that the State Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
__National Bank of C4 47q)
74by__
May /L./
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1V14.
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:-4 4_
The undersigned _______41 44
of
MMO
••••
National Bank
respectfully petitions your honorable
Board that the State Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
First
National Bank
Predent
May
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
144 1914.
.
one lib
•
To the Federal Reserve Board,
Washington, D.C.
Gentle-A6n:-The• und.2:rsic4iy
,c
YtAQ(AQ
National Ban
re2pectfully petitions your honorable
Board that the State of Nebraska be transferred from Reerve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
,
We base this rccio. -;st upon the fact that we have little or
no business with Kansas City and the couth, that the arrangement as
now fixed would be detrimental to our business land to that of our
patrons, and would deprive us of the principal lionefit to be de,
rived from the new system.
by
May 1
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1
•
1914.
•
To the Federal Reserve Bpard,
Washington, D.C.
Gentlemen:—
The undersigned
of
O'Neill,Nebr.
O'Neill
National Bank
recpectfully petitions your honorable
Board that the State of Nebraska be transferred frcm Reserve
Diatrict Number Ten ( Kansas City ) to Ilserve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and. tiesouth, that the arrangement as
now fixed would be detrimental to our business and to that of our
lyaatrons, end would deprive us of tha prillcif;a1 benefit to be derived from the new system.
National Bank of O'Nel..13 Nebr.
by
May_._//
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
To the Pederal Raserve Board,
411
12 -2. S -/
-
Washington, D.C.
Gentlmen:-The undersigned
/
4A71//
7t
National Bank
respectfully petitions your honorable
of
Board that the State of Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to R.:serve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed would be detrimental to our business and to that of our
patrons, and would deprive us of the principal benefit to be derived from the new system.
National Bank
/Le - Xdr
ft
by
•
May—
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
/
•
•
To the Federal Reserve Board,
Washington, D. C.
Gentlmen:-T1e undersigned
rational Bank
respectfully 1-)etitions your honorable
Board that the State of Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed would be detrimental to our business and to that of our
patrons, ani would deprive us of the principal benefit to be derived from the new system.
National Bank of
May
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7
1914.
•••••••••.......••••••••
•
•
4-7)
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:-T'
ndersigned
National Bank
respectfully -oetitions your honorable
Board that the State of Nebraska b
transferred from Reserve
District Number Ten ( Kansas City ) to Ilserve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixei would be detrimental to our business and to that of our
patrons, and would deprive us of the principal benefit to be derived from the new system.
May__
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
National Bank of_______
by
1914.
-
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:—
--m
The undersigned
-
7
National Bank
respectfully petitions your honorable
Board thn.t the State of 1ebra;31m be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed v,ould he detrimental to our business and to that of our
patrons, and would deprive us of the principal benefit to be derived from the new system.
-
z.
by
May__
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
National Bank of
/-rY
111
!II
1/)
4
To the Federal Reserve Board,
Washington, D.C.
-Gentlemen:
The undersigned
of
Fiut
National Dank
respectfully petitions your honorable
acribnazallahrLaka
Board that the State of Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed would be detrimental to our business and to that; of our
patrons, and would deprivo us of the vrincipal benefit to be derived from the new system.
_Eirat_Na ional Ban
by
May...22 '..
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
191/1.
tAtie?
Cas let.
Washington, D.C.
The undersigned__
__
.„7
.____National Bank
respectfully petitions your honorable
Board that the State of Nebraska be transferred from Reserve
DistrIct Number Ten ( Kansas City ) to P. --3erve District Number
,
We base this request upon th , fact that we hAve little or
no business with Kansas City and the
onth, that the arrangement as
now fixed would be detrimental to our bu2iness and to that of our
patrons, and would deprive us of the principal benefit to be derived from the new system.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
•
To the Federal Reserve Board,
grk,
Washington, D.C.
Gentlemen:—
z
undersiped
of
&/-cied-r-45-44.
6
--
National Bank
respectfully petitions your honorable
Board that the Sate of Nebrasha be transferred from Reserve
District Number Ten ( Kansas City ) to R,.iserve District Number
Seven ( Chicago ).
We base this reauest upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed would lor3 detrimental to our business and to that of our
patrons, l'aA would deprive us of the principal benefit to be derived from the new system.
National Bank o
by
May__
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
To the Federal Recerve Board,
Washington, D.C.
Gentlemen:-The undersigned
respectfully petitions your honorable
of
Board
• __National Bank
t the Slate of Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
We 'base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed would be detrimental to our business and to that of our
patrons, and would deprive us of th3 principal benefit to be derived from the new system.
_National Bank of.Z-V7
by
May
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:—
)
The undersigned
of
National Bank
i
/
respectfully 1)etitions your honorable
Board that the State of Nebraska be transferred from Reserve
Distrtot Number I'm ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed would bal detrimental to our business and to that of our
patrons, and would deprive us of the principal benefit to be derived from the new system.
-tional Bank
/'
by
May
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
/22,
•
•
To the Federal Reserve Board,
Wa2hington, D.C.
Gentlmen:-//
,ynd9rs
2
ed
_Nation
J
7
Bank
A
/ respectfully petitions your honorable
Board that
Distric
he State of Yebraska be transferred from Reserve
:
Nur, ncr Ten ( Kansas City ) to Reserve DisLrict Number
Seirm ( Chicago ).
We base thio request upon the fact that we have little or
no business with Kansas City Elld the south, that the arrangement as
now fixed would be detrimental to cur business and to thl, of our
patroylo, and would deprive us of the principal benefit to ba cleriven from the ncw systeat.
,
-!/
/
/.
May.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
Eat .c.nal B3n7s.:
0f
•
"
1,t
-17I
JAMES F. TOY, PRESIDENT
D. C. SHULL, VICE PRESIDENT
OY, ASST. TREASURER
T. F. HARRINGTON, VICE PRESIDENT
ALLACHEY, BUILDING MANAGER
F. W. KAMMANN, SECRETARY
C. . FOWLER,
J. W. VAN DYKE, ASST. SECRETARY
H. I. FERGUSON, • Stuorrome
C. A. BOND. TREAJURER
R. R. BRUDACHER.
:us LoANT NN"Itzusrrt
UNITED STATES DEPOSITORY.
IOWA
ESTABLISHED 1873
SECURITIES
IVY,IOWA, • • y 18,1914.
Sioux.(3
r. 1111L. B. Hughes, ,c:ec.,
Omaha Clearing House Association,
Omaha, Nebraska.
,
-r
De,
1 enclose herewith protest of the First National linrk
7,91.1 1. 0Iph, •Tebrqse. to be filed with the 7eserve Bank Organization
'
7TO717-7. 176, reguestine that .Chicago be substituted for Kansas City;
and, as I Euli also President of the ',2itizens Nation"? Bank of Loz,o1,1
and the qrst NEttional flank of :1-2 r7177,7 73.Cnv
,
'-e—Fre;s e ole for those banis asirni r pro es
providing the cashiers have
done so; and also to rite direct to the Organization Committ ee,
us certainly the north rn half of 7,tebraska, should not be required to
do business in Kansas C ty, as no bank in thfrt territory so far as. I
am irformed keeps an tic:flaunt in Innsas City or has any use for an
account in t-hirt city.
inconvenience the banks of Northern
It will great
iTebraska to be forced to( divert their business 0, 1 of the natural
trend of their trade. t
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Yours very truly
ident.
L:
2
•
•
I
To the Federal Reserve Board,
Washington, D.C.
Gentlmen:-The undersigned
National Bank
opectfully petiti*ns your honorable
Board tht the State of Nebraslm be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
We baze this request upon the fact that we have little - Or
no business with Kansas City and the south, that the arrangement as
now fixed would ba detrimental to our business and to th2t of our
patrons, and would deprive us of the principal benefit to be derived from the new system.
Nn,tic) al. Bank of_
by
••••••••••••••••••11.1••••••••••••••••••
May
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
••••••111.111•01,
122,
To the Federal Reserve Board,
Washington, D.C.
Gentic.men:-The undersigned _
of
The Walthill
National Dank
Walthill, Nebraska resToctfully petitions your honorable
Board that the State of Nebraska be transferred from Reserve
DistrIct Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and the south, thttt the arrangement as
:ed would be detrimental to our business and to that of our
,
now fi:
patrons, and would deprive us of the principal benefit to be derived from the new system.
The Walthill
National Bank of
fr-ze
Hay_ 8th. 1914.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Vice President..
›‘.
•
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:
-The undersigned ____
of
...we
4
A24._
;
4
(k
_
_National Bank
respectfully petitions your honorable
Board that the State of Nebraska be transferred from Reserve
DistrLet Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed would be detrimental to our business and to that of our
patrons, anft would deprive us of the principal benefit to be derived from the new system.
qi t National
z
e
May__g
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
Bank of
_24-4
•
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:—
NE121(31-t
The uxidersigned
of
N ELIGH, NEBR
.
National Bank
respectfully teti-frions your honorable
Board that the State of Nebraska be transferred from IZeserve
District Yumber Ten ( KRnsas City ) to 11-,serve District Number
Seven ( Chicago )•
We base This request upon the fact that 1)i
,
have little or
no business with Kansas City ani the south, that the arrangement as
now fixed would be detrimental to our business and to that of our
patron, an
would deprive us of the principal benefit to be de-
rived from the now system.
NEa_1(3h1, National Bank
by
May__
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
/
AV
.-- ---------77
.$4
•5--/4)
-
•
•
To the Federal Reserve Board,
Washinton, D.C.
Gentlemen:—
The underoign d
rational Dank
respectfully petitions your honorable
of
Board tat the State of HeLrasc be transferred from Reserve
Distrtct Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago )•
We base this request upon the fact that we have little or
no business with Kansas City anl th..D south, that the arrangement as
now fixed would be detrimental to our business and to that of our
patrons, and would deprive us of the principal benefit to be derived from the mw system.
•
May
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
t 1914.
i
•
•
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:—
The undersigned
_National Bank
__ respectfully petitions your honorable
of
Board that the State of Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement a
now fixed would be detrimental to our business and to that of our
patrons, 64111 would deprive us of the principal benefit to be derived from the new system.
http://fraser.stlouisfed.org
‘
lt 1914.
Ma
Federal Reserve Bank of St. Louis
National Bank
by
/Oke(Y
MEN
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:—
The urdersigned
(
_
_National Dank
respectfully petitions your honorable
of
Board that the State of Nebraska be transferred from Reserve
Disrict Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
We bae this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed vould be detrimental to our business and to that of our
patron2:, and would deprive us of the principal benefit to be derived from the new system.
National Bank
•,•••••••••••.•
May_
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
To the Federal Tiserve Board,
Washington, D.C.
Gentlemen:—
The undersigned
_
National Bank
respectfully petitioLs your honorable
of
Board that the S'atc: of Nebraska bu transferrd from Reserve
District Number T.,m ( Kansas City ) to 11serve District Number
Seven ( Chicago ).
We .bse this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed would be detriment:la to our bulliness and to that of our
psArons, and would deprive us of the principal benefit to be derived from the new system.
9
—
4.7
National Bank
rja-f;t
ny
_
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
/
To the Fcderal Rzserve Board,
Washin,ston, D.C.
Gentlemen:—
The undersignd
of
1N
-
/te,g-r- ,
_National Bank
respectfully petitions your honorable
Board that the State of Kebraslm be tran21ferrd from Reserve
Distrtct NuNt-3r Ten ( Kansas Cit.' ) to P.serve District Nuffber
Seven ( Chicago ).
V:e baso this reql,lest u-oon tho fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed would be detrimental to our business and to that of our
patrols, and would deprive us of the principal benefit to be derived frol the new system.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
_
by
1914.
National Bank of
)--zk
To the Federal Reserve Board,
Washington, D.C.
Genthmen:-The undersigned
First
TTo,tion7,1 Bank
of 1111Ifyfi1t..y piace.1 Nebi.._ respectfully 1;etiions your honorable
Board that the State of Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed would be detrimental to our business and to that of our
patrons, and would deprive us of the principal benefit to be derived from the new system.
Yational Milk of unIverE3 ity-
--PITITET7M7157F7
-••••••••011/IPITIME.
May
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
2,
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:—
The undersigned
of
yv
ACV \c"--
v\>
\
National Bank
respectfully petitions your honorable
Board that the State of Nebraei.a be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
2
no business with Kli.ns. .s City and the Eouth, that the arrangement as
now fixed would be detritlenLil to our busincss and to that of our
,nt would deLrive us of the principal benefit to be depatrons, 6
rived from the new system.
Ac\A,
National Bank of
by
•••••••••••••••••
My___
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
IS
•
•
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:—
The undersirmed
:
:_
.e!Yeaf
National Bank
respectfully petitions your honorable
of
Board that the State of Nebraska be transferred from Reserve
Distrtct Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago )•
We base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed would be detrimental to our buciness and to that of our
patrons, 6,nd would deprive us of the principal lenefit to be derived from the new system.
National Bank
by
May 74t 1914.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:—
National Bank
le undersigned
(
.
-f)
respectfully petitions your honorable
,2
Board that the State of Nebraska be transferred from Reserve
/
of
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement a
now fixed v,ould be detrimental to our business and to that of our
patrons, and would deprive us of the principal benefit to be derived.from the new system.
May I
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
National Bank
by
•••••Winn
1914.
•
/
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:—
The undersigned
_
of IL!
/•
Je
/
_/ '
: ____....
_National Bank
respectfully petitions your honorable
Board that the State of Nebraska be transferred from Reserve
District Numhr Ten ( Kansas City ) to Reserve District Number
Seven ( ChicaEo ).
We base this request ul)on the fact that we have little or
no business with Kansas City and the south,* thli-t--44trr—TrrrffERTM-4,43
now fi_-
-ould be detrimental to our busil
patrons, and would d
us of the principa
,Irom the new system.
ional Ba k of
by
May
7
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
1914.
•
•
/
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:—
The undersigned
of
.(S)RAJII:eUtl
7;
Nation-A_ Bank
respectfully petitions your honorable
Board that the State of Nebraska 1.)! tr.amsferred from Rez3rve
District Number Ten ( Kansas City ) to R9serve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed would b3 detrimental to our business and to tht of our
patrons, and would deprive us of the yrincipal benefit to b3 derived from the new system.
Nat
by
May
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
J2L
1914.
nal Bank
•
Ta the Federal Reserve Board,
Washington, D.C.
Gentlemen:—
The undersigned
(0 gø, vJ. A A..,
)
Board that the State
0
Nation-11 Bank
.pectfully petitions your honorable
of Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago )
•
We has
this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed would be detrimental to our business and to that of our
patrons, and would deprive us of the principal benefit to be derived from the new system.
May...
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
•
•
To the Federal Reserve Board,
•
Washington, D.C.
Gentlemen.-The undersigned
National Bank
re,ectfully petitions your honorable
Board that the State of Nebraska be transferred from Reserve
DistrIct Number Ten ( Kansas City ) to R9serve District Number
Seven ( Chicago )•
We base this request upon the fact that we have litt3e or
no business with Kansas City and the south, that the arrangement as
now fixed would be dAritaental to our business and to that of our
patrons, and would deprive us of the trincipal benefit to be derived from the new system.
National Bank of
by
May
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
Washington, D.C.
Gentlemen:-(
27—
The undersigned
National Bank
./
X/L respectfully petiions your hmorable
Board that the State of Nebraska be transferred from Reserve
District Numir Ten ( Kansas City ) to Reserve District Number
Seven ( Chicgo ).
V!,) base this request upon the fact that we have littJ.o or
no business with Kansas City and the south, that tho arrangement as
now fil:ed
ould ba detrimental to our buSiness and to that of our
patrons, and would depriva us of the principal benefit to be derived from the
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1=
cystem.
To the Federal Reserve Board,
Washington, B. C.
Gentlemen:
-The undersigned
_National Bank
respectfully petitions your honorable
of
Board that the Sate of
ebraska be transferrA. from ReFerve
Distrtct Number Tcn ( Kansas City ) to P.9rlerve Di.3fric1; Number
Seven ( Chicago ).
We base this request upon tha fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed would be detrimental to our business and to that of our
patrons, and would deprive
Us
of the principal benefit to ba de-
rived from the new system.
May_
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
National Bank of
I
by
.11P ••••••
1914.
•
•
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:—
The undersigned
_National Bank
respectfully petitions your honorable
3,t
Board th, the State of Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixel would be detrimental to our business and to that of our
patrons, and would deprive us of the principal benefit to be derived from the new system.
National Bank of
May_2 r
71
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
To the Federal Reserve Board,
Washington, D.C.
Gentlfuen:
_
The undersigned
National Eank
respectfully petitions :your honorable
of
Board that the State of Nebraska be transferred from Reserve
,
District Number Ten ( Kansas City ) to 11 :serve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed would be detrimental to our business and to that of our
patrons, and would deprive us of the principal benefit to be derived from the new system.
National Bank of
by
flay
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
•
•
To the Federal Reserve Board,
1
114
>
Washington, D.C.
Gentlemen:—
The undersigned
of Omal:la, riebraska
_Sza.ha
National Bank
respectfully petitions your honorable
Board that the State of Nebraska be transferred from Re3erve
District Number Ten ( Kansas City ) to R9serve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement a:
now fixed would be detrimental to our business and to that of our
patrons, and would deprive us of the principal 'conefit to be derived from the new system.
Ogalm_National Bank of Omaha
Aft
May__ 7th, 1914.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Yebraska,
12,2,.Sc- ./0
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:-First
The undersigned
of ElattagolataagLbraqka
_
_National Bank
respectfully petitions your honorable
Board that the State of Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
:
We b. isc this request uton the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed would be detrimental to our business and to that of our
patrons, ana would deprive us of the principal benefit to be derived from the new system.
The First
by
May__ 7 _ 1914.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
National Bank of Plattsmouth, Nebr.
•
111
,ronmy
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:—
_ National Bank
/17unciersignpd ......2Z_Le
T7
—...._........ respectfully petitions your honorable
Board that tile State Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
rdr
/iPP4P;if
National Bank of
May
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
.011.1v
glim•••••••••••••••••••••••••
0
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:—
The undersigned
of
OsceGla, Nebraska.
The
National Bank
respectfully petitions your honorable
Board that Lhe State of Nebraska be transferred from Deserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no busine22 with Kansas City and the south, that the arrangement as
now fixed would be detrimental to our business and to that of our
vatrons, and would deprive us of the principal benefit to be derived from the no; system.
'Die First
by
May...2111._ 1914.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
National Bank of Osceola,Nebr.
•
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:—
The undersigned
National Bank
ctfully petitions your honorable
Board that the State of Nebraska be transferred from Reserve
District Numb,ar Ten ( Kansas City ) to R9serve District Number
Seven ( Chicago )•
Wo base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed would be detrimental to our business and to that of our
patrons, and would deprive us of the principal benefit to be derived from the new system.
National Bank
liZ
gr
914
rilr °..."11P'1,, MIND.....
"
, ....•••• e
by
•••••••Ar •••••
•
May__
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
—/0
•
•
To the Federal R.,serve Load,
Washington, D.C.
Gentlmen:--
National Bank
The undersi ned
.
.ions your honorable
respectfully petii
of
Board that the State of Nebraska be transferrA. from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixe:1 would b
detrimental to our business and to that of our
patrons, ana would deprive us of the principal benefit to be derived from the nz!v system.
_
National Bank of
by
•
May__ __
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
2 2—
To the Federal Reserve Board,
Washington, D.C.
.0)
7
Gentlemen:—
The undersigned
National Bank
respectfully petitions your honorable
of
Board that tile State of Nebraslca be transferred from Reserve
District lumber Tr-n ( Kansas City ) to Reserve District Eumber
Seven ( Chicago ).
We base this request upon the fact th.Lt we have littje or
no business with Kansas City and the south, that the arrangement as
now fixed would b
detrimental to our business and to that of our
patrons, eind would deprive us of the principal benefit to he derived fro:a the new system.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
/°
N tional Bank of
by
e
t,
/
Jz
•
•
/
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:—
The undersigned
of
National Bank
respectfully petitions your honorable
Board tha
the Slate of Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed would be detrimental to our business and to that of our
patrons, and would deprive us of the principal benefit to be derived from tha new system.
National Bank of_
May_24L 1914.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
••••11.•••
•
•
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:
-e undersigned
of
Boa
:
2
/ t JF6 /47
National Bank
respectfully Dctitiom: your honorable
t the State of Nebraslca be transferred from Reserve
Distrtet Number Ten ( Kansas City ) to Ra.serve District Number
Seven ( Chicago ).
Wa base this rocucst upon the fact th2.t wa have little or
no business with Kansas City and the south, that the arrangement as
now fixed would be detrimental to our business and to that of our
patrons, and would deprive us of the principal benefit to be derived from the new system.
National Bank o
.RA_,1( _0/
1/ /
,
/
May (
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
To the Federal Reserve Board,
Washington, D. C.
Gentlemen:—
The undersigned
of
7--
Yational Bank
res( ectfully petitions your honorable
Board thrAt the SLat,e of Nebraska be transferred from Reserv
e
Distrtet Nurnber Ten ( Kansas Cit
) to Reserve District Number
Seven ( nico,s ).
.o
We base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement
as
now fixed would be detrimental to our business and to tht
of our
patrcns, and would deprive us of the principal benefit to
be derived from the new system.
National Bank of
by
May___,L__ 1914.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
OMNI.
••••••
•
To the Federal Reserve Board,
Washington, D. C.
Gentlemen:—
The undersigned _8.9,undeza clountAy
.
of g.:0,11s2o1 Nebralkal
National Bank
respectfully petitions your honorable
Board that the State of Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed would be detrimental to our busincEs and to that of our
patrons, and would deprive us of the principal benefit to be derived from the now system.
Saundex.0 CDuuty
National Bank of_WaliQp,_NaDzaatl,
•
May_IUL„. 1914.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
:2
.
To the Federal RE- .servo Board,
Washington, D.C.
Gentlemen:-The undersigned
of
':A1100 1
Ne___
FIRST
National Bank
respectfully petitions :our honorable
Board that the State of Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and the south, that tho arrangement as
now fixed would be detrimental to our business and to that of our
patrons, elnq would deprive us of the principal benefit to be derived from the new system.
Bank of_Wahoo,__Nebr.
may _L__
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
P esident.
—I/O
•
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:—
The un ersigned OteiL @
National Bank
respectfully petitions your honorable
Board tivAt the State of Nebraska be transferrEd from Reserve
,
District 1Tumbc-,r TP21 ( Kansas City ) to P. :serve District Number
Seven ( Chieao ).
We base this request upon the fact that we have little or
no business with Konsas City and the south, that the arrangement as
now fixed v.ould be detrimental to our business and to that of our
patrons, and would deprive us of the principal benefit to be derived from the new system.
0
44,
6 t4tti_
(
National Bank
Ap/
by
May_
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
/
To the Federal Reserve Board,
Washino;ton, D.C.
Gentlemen:—
The un
-('ignPd
rational Bank
respectfully petitions your honorable
of
Board that the Stare of Nebraska be transferred from Reserve
Distrtct Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
We base this revest upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed would be detrimental to our business and to that of our
patrons, and would deprive us of the principal benefit to be derived from the now system.
National Bank ol
by
May__4
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
To the Federal Reserve Board,
Washington, D. C.
Gentlemen:—
The undersigned
of
National Bank
espectfully peti.ions your honorable
211
Board that the State of Nebraska be transferred from Reserve
Distrtet Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixea would be dotrimentnl to our business and to that of our
patrons, and would deprive us of the principal benefit to be derived from the new system.
144
by
May_iLt.. 1914.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
National Bank
•
•
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:—
6
.
The undersivned
..C.TX
riag"(
_National Bank
_ respectfully petitions your honorable
of
Board that the State of Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to R9serve District Number
Seven ( Chicago ).
We base this request'upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed would be detrimental to our business and to that of our
patronc, and would deprive us of the principal benefit to be derived from the new system.
2.27Z National Bank or_
by
I • • I.•• •
• •• • • •
• •• •
May
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
• • •
I• ••
/2
•
•
To the Federal Reserve Board,
Washington, D.C.
Genthmen:-The undersigned 3/tAAl
National Bank
respectfully petitions your honorable
of
Board that the State of Nebraska b
transferred. from Reserve
District Number Ten ( Kansas City ) to R9serve District Number
Seven ( ChicaEo ).
We base this request upon the fact that we havo little or
no business with Kansas City and the south, that the arrangement as
now fixed would be detrimental to our business and to that of our
patrons, and would deprive us of the Yrincipal benefit to be derived from the new systeni.
National Bank
'
6)
by
Omm.0••••••••••••••••
May
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
MEMO
0
UNITED STATES DEPOSITARY.
•
1855.
W. L. WILSON, President.
ROBT. PAYNE, Vice-Prest.
H. D. WILSON, Cashier.
Neirraola eitNational Cm*
Nrhraska(Et, Nrh.
csapitni, $ionstro.
May 7,1914
To the Federal Reserve Board,
—asaindton,D.C.
Gentlemen;-
The undersigned Nebraska City llational Bank of Nebraska City,Neb,
respectfully petitions your honorable Board that the state of Nebraska be
transferred Crom Reserve District :Tumbor Ten, ( Kansas City ) to Reserve
1:istrict 1Tumber 3even, ( Caicado )
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Respectfully yours,
Nebraska City 7ational Bunk,
bf
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:-The undersigned
Iams_t_
__National Bank
of JIIILUIJELIJIAUhr4Laka, respectfully petitions your honorable
Board that the SLate of Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to 11, tserve District Number
;
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed would be detrimental to our business and to that of our
patrons, and would deprive us of the principal benefit to be derived from the new system.
tional Bank of_ Nort,h Platte
by
•••••••••••••••••••.••••••
May___Ija 1914.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
To the Federal Reserve Board,
Washington, D.C.
Gentlement-The undersigned
of
gVizz
)
et,
-/( ( 11 1
4 d--( 44 respectfully
National Bank
titions your honorable
Board that the State of Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed would be detrimental to our business and to that of our
patrons, and would deprive us of the principal benefit to be derived from the new system.
ZNational Bank of
by
t
May
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
6/4/LA
•
To the Federal R,scrve Board,
Washinton, D.C.
Genti'men:-The undersigned
of Al_ALQNk.CILk_Lks_
//leCT_
__National Bank
respectfully petitions your honorable
Board that the State of Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Rqservii District Number
Seven ( Chicago ).
We base this request upon t'do fact th';,t we have little or
no business with Kansas City and the south, that the arrangement as
now fixed would b
detrimental to our business and to that of our
patrono, and would deprive us of the principal benefit to be derived from the new syster.
National Dank of
by
rVWL
k
•
may
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:-The undersigned
National Bank
respectfully .
oetitions your honorable
f
Board that the State of Eebrasim be transferred from Reserve
Distrtct Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ),
We basa This request upon fn.) fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed would be detrimental to our business and to that of our
patrons, and would deprive us of the principal benefit to be derived from the new system.
TWIF:147
LLL
National Bank of
May
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
...............q X16
/••=,••••....
/
-I .2)
42 ,
To the Federal Reserve Board,
Washington, D.C.
Gentlf-men:--
:rational Bank
The undersigned
.
respectfully petileions 7 o1ir honorable
of
Board that the State of Nebraska oo transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed would be detrimental to our business and to that of our
patrons, and would deprive us of the principal benefit to be derived from the new systera.
IT
LY
by
May
71914.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
ational Bank
7/4/'
To the Federal Reserve Board,
Washincton, D.C.
Gentic-men:-Thi
undersign
reapectfully netitions your honorable
of
Boa
National Bank
that the State of .jebraska bo transferred from Reserve
-
Distrct Number Ton ( Kansas Citf ) to 11, erve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed would be detrimental to our bu3iness and to that of our
patrons, and would deprive us of the rrincipal benefit to be derived from the new system.
ational Bank o
by
May
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
•••••••• l•
•
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:—
The undersigned
_National Bank
of (ilzat22/tokijibo- respectfully petitions your honorable
Board that the State of Nebraska bo transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement a;
now fixed would be detrimental to our business and to that of our
patrons, and would deprive us of the principal benefit to be derived from the new system.
May.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
64
-a/4
bY
1914.
I
al-IT____National Bank of_Sfck
e
Od
Lk
,2 2
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:—
The undersigned
National Bank
respectfully petitions your honorable
of
Board that the State of Nebraska be transferred from Reserve
:
District Nu, aber TtEn ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed would be detrimental to our bu2in355 and to that of our
patrons, and would deprive us of the principal benefit to be derived from the new system.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
National Bank
by
r/:).
1914.
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:—
The undersigned ___
of .helby,
First _______
_
_National Bank
respectfully petitions your honorable
Board that the State of Nebraska be transferred from Reserve
,
District Number Ten ( Kansas City ) to R Iserve District Number
Seven ( Chicago ).
We base this request upon the fact that we have litt]o or
no business with Kansas City and the south, that the arrangement as
now fixed would be detrimental to our business and to that of our
patrons, and would deprive us of thn principal benefit to be derived from the new system.
First
National Bank of_Shell?7,_ Nebr.
by
ft-strterr.
May
7.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
•
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:—
The undersigned
National Bank
respectfully petitions your honorable
of
Board that thW State of flebraska be transferred from Reserve
:
District Number Ten ( Kansas City ) to R, iserve District Number
Seven ( Chicago ).
We base this request upon the fact that we have litt7e or
no business with Kansas City and the south, that the arrangement az
now fixed would be detrimental to our business and to that of our
patrons, and would deprive us of the principal benefit to be derived from the now system.
National Dank of__4
by
•••••••••••••••••••
May___7_ 1914.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
'4%1
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:—
The undersigned _
of
National Bank
respectfully petitions your honorable
Board that the State Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
National Bank of
er7,-/
/
•••••••••••••••••••••Pe
May
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
•
•
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:—
National Bank
und
respectfully petitions your honorable
Board that the State of Nebraska be transferred from Reserve
District Number Ton ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed would be detrimental to our business and to that of our
patrons, and would deprive us of the principal benefit to be derived from the new system.
National Bank o
by
May
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
To the Federal Reserve Board,
Washington, D.C.
Gentli?men:-The undersigned
T'
'!
.
of
ITationL .1 Bank
,
._respectfully petitions your honorable
Board that the State of Nebraska be transferred from Reserve
Distri,ilt Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed would be detrimental to cur business and to that of our
patrons, and would deprive us of the principal benefit to be derived from the now system.
Naticrll DExik of
by
May____ 1914.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
/(22 -
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:—
The undersigned
National Dank
resp
ully petit:ions your honorable
Board that the SLate of Yebrasha b'D transferred from Reserve
DistrIct Number Ten ( Knsas City ) to Reserve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed would be detrimental to our business and to that of our
patrons, and would deprive us of the principal benefit to 'co derived from the new system.
National Bank o
May 1
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
a.
•
To the Federal Reserve Board,
4
5377—
Washington, D.C.
Gentlmen:-The undersigned
of
2z
National Bank
respectfully T)otitions yollr honorable
Zt-ii_r7
Board that the SLate of Nebraska be transferred fro:a reserve
District Number Tcm ( Kansas City ) to Reserve Dis7,rict Number
Seven ( Chicago ).
We base this request upon the fact th.t we have little or
no business with Kansas City and the south, that the arrangement ao
now fixed would be detrimental to our business and to that of our
patronT, anl would deprive us of the principal benefit to be derived from the new system.
National Bank
1
by
•/....11.10P,••••••0••■••••••••••••
May__/
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:
-The undersigned
i_<
0`.
-z4_1
National Bank
respectfully petitions your honorable
of
Board that the State of Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
,
We II%se this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixed would be detrimental to our business and to that of our
patrons, and would deprive us of the principal benefit to be derived from the new system.
National Bank of.
by
May_f__ 1914,
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
-_14,(
•
•
To the Federal Reserve Board,
Washington, D.C.
Gentlemen.-The undersigned
National Bank
reEpectfully petitions your honorable
of
Board that the State of Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement aE
now fixed would be detrimental to our business and to that of our
patrons, aria would deprive us of the principal benefit to be derived from the new system.
National Bank of_
411P.
by
May__
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
z
•
To the Federal Reserve Board,
Washington, D.C.
Gentlemen:—
F
The undersigned
of
Minden, Nebr.
_
_National Bank
respectfully petitions your honorable
Board that the State of Nebraska be transferred from Reserve
District Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement aE
now fixed would be detrimental to our business and to that of our
patrons, and would deprive us of the principal benefit to be derived from the new system.
First
by
Uay ?th
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1914.
Nati
-11 Bank of_JLaeit
______Entais101214_
To the Federal Reserve Board,
Washington, D.C.
Gentlmen:-The undersigned
ft.
of
efolICIA- •
National Bank
respectfully petitions your honorable
Board that the State of Nebraska be transferred from Reserve
Distrtct Number Ten ( Kansas City ) to Reserve District Number
Seven ( Chicago ).
We base this request upon the fact that we have little or
no business with Kansas City and the south, that the arrangement as
now fixea would be detrimental to our business and to that of our
patrons, and would deprive us of the principal benefit to be derived from the new system.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
oloo
National'
f
by
•
_1
•
FEDERAL RESERVE BOARD FILE
10
/1,1,266,i-
At a stated meetir4a of the Federal
Reserve Board, duly held at its
of:ice in the City of Washington,
District of Columbia, May 4, 1915.
'PRESENT:
Yr.
Mr.
Yr.
Mr.
Mr.
Mr.
In the matter of review
- of the decision of the Reserve
Bank Organizatien Committee
duly rendered and filed in
accordance with the provisions of the Federal Reserve
Act, on April 2, 1914, desig.
natinp twelve Federal reserve
cities and defining the geographical limits of the districts to be served.
Hamlin, Governor,
Delano, Vice Governor,
Miller,
Harding,
Warburg,
Williams.
ORDER AFFIRMING- THE LOCATION
OF NEBRASKA AND WYOMING IN
DISTRICT NO. 10.
By special order of the Board, the decision of the Reserve Bank Organization Committee designating twelve Federal reserve cities and defining the geographical limits of the districts
to be served, having been duly heard and considered by the Board -
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
(1) Upon the petition of certain banks located in Nebraska
and Wyoming for the transfer of those States from District No. 10 to District No. 7.
(2) Upon the answer of the Federal Reserve Bank of Knsas
City to said petition.
(3) Upon the evidence heard by the Reserve Bank Organization Committee, and exhibits and briefs filed with
said committee.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
(4)
Upon the written and printed briefs of Counsel and
the oral arguments heard by the Board.
UPON CONSIDERATION WHERFOF, it appearing to the Board
that the convenience and customary course of business, and the
best interests of the Federal Reserve System will be served by
affirming the decision of the Reserve Bank Organization Committee in placing Nebraska and Wyoming in District No. 10, the
Bo -rd doth order
I.
That the petition of member banks located in Nebraska
and Wyoming, for a transfer of those States from District No. 10 to District No. 7, he dismissed without
prejudice to the riCnt of the Board to make such further readjustments in the lines of the various di::tricts as it may deem advisable.
II.
That a copy of this order be filed with the Comptroller of the Currency.
ototod meting of VA) realoral
rteutey.c oLy?'(110.
,
4
, ;
17.4 t1.1, 1114 or ,',tvis1::,rict913
`.)lotriet oe o1wb1a,:.Vgr 40 1311,5*
r.
1AcAeveruor.
Delanos Vie* Goiamors
Z. 7:111ers
t' IarU1r.,
1
.;atiburg.
Anions.
1 00****044 0w4 0 4
,
, 40*A44kei,41000.041.
tho natter of review
- et
tho docisica. of the Reservo
MAX:47
rhnittitt41 $
3
403 ran.larcidai tiled in
alcordanao .4Ith the prowlsions of the Pederal 110$0,V0
AOto oa April 2, 1914, delft* I
natinc troalve ?oderl reserve :
OU;ias mad ilefiall:cThogeo- 4
Mph'.ata 1itT,
1,:at :LIt..
tricto to bo oerved.
..............................a
310
1,00ATTIN
'.Vrit.
W70:11V3
DI3T.:ZICT Ilso. 10.
Ar special orfler of the Board, the decision of that :32o3rvo Bank Organisatba !lomat** desipTatim tmelvo rederal re307NO ottlu and defititz the tver;mphiana 1iiitDf. tto distr3at3
to hal onnadii
b on duly hivard ani aonclacred b tha
,
(1) UDC= the petition of °attain Imam loonted i chrome:a
and gretbing ,v2Crit Vie tra.:15"Zorrf trZ3S) ,;tazitt,zo Zr*:1 iatrtot No* 10 to District '30,1, 7.
(2)
Upon the =von' of tho rodoral Reaerve Dan.Qf ?Ansa*
31,ty to said petit:loll.
(Z) Upon tile evidence ,ileard b the ilotiorve xkOrimaliza.
tion tv1ttio, autl exhibits agral briars Ulm' with
said oco.siittee*
(4)
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Upon tin written and printod briefa oe rIcrantool and
tho oral stivro.znonta noard i Wave r,oarde
OTOS OONSIDMATIJ:;
if appearing to the Board that ths
art anstomary oourse of business, ana tho best intorests
=47101:40
tha
th. oder1 OSOWVO jyatcm will bo zurved by affirming the dsoision
,
;o3crvo 3alik Organisation 001:talttc..te in platting Nebraska and lyoming in
Jistrtat ';o. 10, the Board doth orlar
I.
II*
That the petition of nombor ban s looatad in ;obraska
trznafor of those Antos Zrom:Dioand Wyominc for
triot No. 10 to Distri;It Po. 7, bo aismistiod without
preJudioe to the right of the !loard to mkt) anoh far,
ther roadjuatc:catu in tl- c linoa of tux) various disaay doom alvisabloo
tricts as it
That 1.11 oopy of this order b
ler of the Cnrreney.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
ilLi with tilo Comptrol-
t22
—
FEDERAL RESERVE BOARD
WASHINGTON
March 5th, 1915.
My dear Mr. Miller:
In the matter of the appeal of the banks of the State
of Wyoming and the State of Nebraska, with the exception of
the southern tier of counties, to join the Chicago District
and be taken out of the Kansas City District:
I have looked over the evidence in this case to refresh
my memory and have, also, looked over the Senate report in
the same matter.
I do not think there is a great deal of
merit in this case.
I am very familiar with the
State of
Nebraska and it is true that most of the State of Nebraska
and all of the State of Wyoming have in the past always done
business with Omaha and Omaha has done business with Chicago,
but to project the Chicago District through the northern twothirds of Nebraska and the State of Wyoming vdll make a long
"shoestring" district.
I think there would be considerable merit in the idea
of
changing the boundary line so as to put a branch of the
Chicago
bank in Omaha, but I am not inclined to think that the
petition
as a whole should be granted.
Yours very truly,
Mr. A. C. Miller.
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1
http://fraser.stlouisfed.org
AL
Federal Reserve Bank of St. Louis
•
February 27, 1915.
Francis J... Brogan, Esq.,
764 Brandeis Theatre tildg.,
Omaha, rebraska.
4 dear Sir:
1 have your note of Fobruary
22, and shall call it at once to the atten
tion of the Federal Reserve ioard.
Believe mo,
Very truly yours,
(Signed) 09 S. liam1i43
Governor.
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Federal Reserve Bank of St. Louis
tiPOrn,
.4
February 22, 1915.
Uesers. iiobineon
611 .;oaerce
firives
Goodrich,
Gentlonen:
(sAyi,Ig to_your favor of the 18th1 in which you state
thcit you are ore-vred to furnish certain adjlitional informbtion
rofc rence
,
the manner in which ite:as on ,ebruska
n.vebeen
hnniled by the bE,
Iks in Kansas City prior to the organization of
the ;'ederal
eserve 3ank in
member of the 'ederal
ansas 'ity, in case , r. tiller,
eserve Board, desires it, I hg to Advise
you that —r. allrr thinks it will not ;:e necessary for you to
su,•ly t is : romstion unless the petitioning benis should wish
to tile a supplementary brief.
;cry truly yours,
recrstery.
0,-IRD FILE
FRANCIS A.EIROGAN
ANAN RAYMOND
RECEIVED
LAW OFFICES
BFt0G.A.N Rivym0 1E)
IN-
FEB 2.6 1915
71.14. BRANDEIS THEATRE BUILDING
,NEE.
OMAHA.
GOvERNOR'S 0?FICE
.
February 22, 12915V -
Hon. C. S. Hamlin,
Governor, Federal Reserve Board,
Washington, D. C.
Dear Sir:
In the matter of the petition of the
bunkers of Nebraska and Wyoming, to be transferred
from the Kansas City to the Chicago district, which
was briefed by Judge W. D. McHugh of Omaha, and
argued orally by myself, with Judge Goodrich of
Kansas City, on February 3rd, a suggestion was
made at the close of the hearing, that we would file
additional printed briefs embodying the substance of
the argument.
But on receiving from the reporter
a copy of the oral argument as made before the board,
I have concluded to submit the matter on Judge licHughis
brief and on that oral argument, a copy of which I
understand has been written out and left at the disposal of the board. I am so notifying Judge Goodrich.
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Federal Reserve Bank of St. Louis
Yours very truly,
/2'-s
GOODRICH
LAWYERS
ROBINSON &
ELIJAH ROBINSON
JAMES E. GOODRICH
611 COMMERCE BUILDING
KANSAS CITY, MO.
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Federal Reserve Bank of St. Louis
••avolege.
STUART GARKENER
W. C. REYNOLDS
W. J. BLAND
February 18, 1915.
Hon. H. Parker Willis, Secretary,
Federal Reserve Board,
Washington, D. C.
My dear Sir:
At the time of the hearing of the petition
of the banks in Wyoming and Nebraska for transfer from
District No. 10 to District No. 7, it was suggested by
the attorney appearing on behalf of the petitioners that
they might desire to file a reply brief.
An intimation
was then made that the same should be filed and served upon
our firm, as the representatives of the Federal Reserve
Bank of Kansas City, in the course of ten days thereafter,
and that we sho-ld have reasonable time in which to file
any additional suggestions that we might deem proper in
response thereto.
Since that time we have not received
any reply brief, nor have we heard further from the attorney
for the petitioners.
We assume that they havesbandoned
their purpose to file such reply brief.
At the time of tae he
11r. Adolph C.
Miller, one of The members of your board, requested certain
additional information with reference to the manner in which
items on Nebraska had been handled by the banks in Kansas City
prior to the organization of the Federal Reserve Bank of
Kansas City.
We have not supplied this information, as
it was our intention to include it in an additional brief
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Federal Reserve Bank of St. Louis
•
in case a reply brief should he filed.
As it now seems
unlikely that such brief will be filed, we shall be very
alad to supply this information if 1r. Taller still desires
it.
Kindly advise us as to this matter.
Very truly yours,-
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Federal Reserve Bank of St. Louis
Ja-navriv g3, 1915.
Ira:
On behalf of the Pc..deral accerve Boazd
receipt Jti acknowledged of your letter of January kOthiand of the twenty copies nentioned
therein of the brief in behalf of the Federal
Reserve Bank of Ea:10as City, in reply to the brief 0
of the hanim of the states of Nebraska and Wyoming for transfer from District No. 13 to Districtrj
is
RospectAtl_y,
:Jeoretar:..
Robinson & GoodricA,
611 Commarae
Kansas City, :Ussouri.
4
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Federal Reserve Bank of St. Louis
r.essrs. Robinson
C'roocirich, Attorneys,
Federal ileserve Bank,
Eancrl.:.; City, Missouri.
Decomber tenth, nineteen fourtg..i)n, the
Foat:1'7.1 Roiierve 1303.rd :;rant:il your request to e.Y.ten(1
for filinJ; reply brier in the :natter of th
petition 01
:
.4n and 17yoming banks until Jantrry
fo'irth, nineteen fifteen.
The brief has not yet been received and it
is urge a
that you foriard same an soon as possible.
Tht: htrin
the brio
i
di1 ba h1
on Pabruary third and unless
filed inirlodiately it will be impossible
;
.
to foriar.; a copy thereof to the potitionin: banks be—
_
At a Stated.Jeting of the Federal
Reserve Board, duly held at its
office in the City of 7ashinton,
District of Columbia.
PR7
,
13ZET:
Hr. Famlin, Governor,
1Zr. Delano, Vice Governor
Dr. Miler
Ur. Hardin,7
11r. Tarburg
Mr. 7111ia7e
•••••••••***••••••0005410
In the Matter of the Petition
-of-
ORDM RVUSING T=3P3R OF
: THE TERRITORY CO:1IRI:33D ZEI
Bankers in Nebraska and 7yoming„ by 711liam ; THE JTATE3 OP =RA= AND
D. 2bHuETh, for the transfer of the torn-..
WYMING PIM FEDMAL RE3MV1
tory comprising the said 3tates from Federal: DISMICT O. 10 TO F3DTIRAL
Reserve District No. 10 to Federal Reserve z R3372VZ DISTRIT No. 7.
District No. 7.
•4•••••••• 05
0111•• • •••••••
Sundry banks In the States of Nebraska and Tyoming, whom name are
set forth in a certain petition under date of november 10, 1914, by william D.
LICIT:ugh, 0ounsel, having filed the said petition with thic, Board for the rurpose
of obtaining a transfer from Federal Tleserve District no. 10 to Federal Reserve
District No. 7, which petition hr.ls been duly considered and briefs and arT
iumonto
for an a;-ainst said ,?etion havin27 boon -Iresented to this 3oard, Zow, therefore,
it is
ORD1T2D:
That tie said petibion be and is hereby disallaged, and that the said
banIas hereinbefore referred to continue as a part of Federal Reserve District No. 10
az heretofore.
BY THE IMMIAL 1123:11n BOARD,
Governor.
LTTE3T:
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Federal Reserve Bank of St. Louis
Secretary.
Report of the Committee Appointed to Consider the
Petition of the Banks in the State of Nebraska
(except the Southern Tier of Counties) and
State of Wyoming, to be Taken out of the T
(Kansas City) District and Included in the 41NllAt ESEME BW°
even t"
:
(Chicago) District.
;
foo, I
The Undersigned Committee, to which was referre —tn—
iait'on
4
of certain bankers in Nebraska and Wyoming asking that the territo
comprising said states be taken out of District No. 10 (Kansas City)
and annexed to District No.7 (Chicago) begs leave to recommend that,
for the present, at least, this petition be denied.
Your Committee
411
4
is of the opinion that to take away the greater part of Nebraska and
all of the State of Wyoming would so far weaken the Kansas City District as to make it of little value.
(Note: As a matter of fact, it would reduce the capi;tal of the 4nsas City Bank from 35,530,300.00 to ap;proximately g3,900,000.00. This loss would be par(tially, but not wholly compensated by adding the south(emn half of Oklahoma, malT
ring the capital of the Kansas )
• (City Bank approximately ;;1
1,400,000.00.
There is considerable argument in favor of reconsideration of
the boundary lines of the Chicago, Minneapolis, St.Lonis and Kansas
City Districts and something to be said in favor of reducing these
four Districts to two, but until the Board is ready to consider this
question in this broader aspect, your Committee is of the opinion
that it would. be a mistake to weaken the Kansas City District by taking away the member banks of the States of Nebraska and Wyoming.
There is a good deal of ill feeling, particularly in Omaha,
but to a less extent in Lincoln and the remainder of the State of
Nebraska, at being included in the Kansas City District.
It is large-
ly a question of rivalry between the cities of Omaha and
Kansas City.
It is also due to the fact that the trend of busines
s, except in the
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Federal Reserve Bank of St. Louis
•
OP)*
Nebraska-Wyoming
(Shee411To.2.)
southern tier of counties of Nebraska, always has been by the direct
east and west trunk lines through Omaha to Chicago and the east.
The
National banks of Nebraska keep accounts at Omaha and the important
banks of the State, including, of course, Omaha, keep accounts in
Chicago and New York City.
These banks have no natural business re-
lations with Kansas City.
In view of the above condition of affairs and of the recomendation of your Committee that this petition be denied, it would be advisable to draw the boundary line between the Seventh and Tenth Districts so that it will come through a portion of the City of Omaha,
thus enabling the Federal Reserve Bank of Chicago to maintain a
branch bank in Omaha.
With a branch of the Kansas City Bank at Omaha
and a branch of the Chicago Bank there also, the matter of collection
and clearing of checks of Nebraska Banks would, in the opinion of
your Committee, be very considerably facilitated and would remove to
a groat extent the objection which the Nebraska bankers feel to the
adjustment of the boundaries in the Reserve Bank System.
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Federal Reserve Bank of St. Louis
Respectfully submitted,
4
Report of the Committee Appointed to Consid,)r the
Ietition of the Banks in the tate of 71ebreaka
(except the southern :ler of Counties) and the
itate of 7:yonAng, to be :aken out of the ?enth
(lalncas City) District and Included in the :
.eventh
(Chicago) District.
The Undersigned Committee, to whiuh vas referred the petition
of certain bunkers in Uebraska and :yoming asking that the territory
.
comprising sLid stt-s be taken out of District Ito. 10 (Kansas Citzt)
and annexed to l'istrict
C.
(Jhicago) begs leave to recommend that,
for the present, at least, this -netition be denied.
Your 0o,allittee
is of the opinion that to take co,ra; the • -reater part of -ebraska and
all of the
1tate cf
onin
would so far weaken the
L.ncas City uie-
trict as to make it of little value.
CNote: i:ci a matter of fact, it would reduce the capital of the i'anc,aco City Lank from ,5,530,300.oc to ar'oroximately ;0,000,000.0e. This lest: v;ould be partiicAly, but not Ololly compensated by adding the south-)
(ern half of Oklahoma, mciking the capital of the .,:anszle
.
(City Bank aproxil3ately
There is considerable arc:ument in favor of reconsi6eration of
the bounda:c lines of the Chicago, _inneapolis, .t.Louis and hansac
City Districts and something to be said in favor of reducing these
four Districts to two; but until the Board i,: read:, to consider this
.
Laiestion in this broader aspect, your Committee is of the opinion
that it would be a mistake to weaken the Lwasas City District by takin,c7 ,x.a; the member banks of thc .tates of ,7e- racka and
o
yominF:.
There is a :ood deal of i21 feeling, particularly in Omaha,
but to a less extent in :Lincoln and the remainder of the'tate of
7ebraska, at being included in the 1:ancas City ifictrict.
It is large-
ly a que;.tion of rivalry betIrecn the cities of Omaha and .'.:;:asac City.
It is also due to the fact that the trend of businesE, except in the
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Federal Reserve Bank of St. Louis
ffebraska-Tyominc
-o.2.)
southern tier oT counties of 7ebraska, always has been by the direct
east and rest trunk lines through Omaha to Chicago and the est.
7ational banks of
The
cebracka keep accounts at Omaha and the important
bc.ni:s of the state, including, of courSe, Omaha, keep accounts in
Chicago Lxid :Ier York 6ity.
These banks have no natural business re-
lations vith -:aneas City.
In vieL of the above condition of affairs and of the reco;nenC,ation of :your Committee that this petition be denied, it
be ad-
visable to drL,17 the bcundarei line bettecn the 1.ieventh and 'enth
Is
tricts so that it will cohle through a »crtion of the City of Omaha,
thrtf,, eaabliap: the lederal ,Aecerve -ank of Chicago to maintain a
branch bank in Omaha.
lith a branch of the 2:ancas City Lank at Omaha
aid a branch of the .:11j..J''p Bank there also, the i-Jitter of collection
and clearing of checks of -ebrz..ska Bans would, in the opinion of
your Committee, be ve- , considerably fcilittted and rculd remove to
2
a -ruat extent the objection which the 'rebraska bankers feel to the
z..,0,justment of the boundaries in the .ecerve :ank ,yetem.
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Federal Reserve Bank of St. Louis
Respectfully subutitied,
•
II>
"
06 01
`&7; ,0'
/0141-M9
( .,
,1
Report of the Committee Appointed to Consider
the Petition of the Banks in the btate of Nebraska (except the southern tier of Counties) and the state of Wyoming,
to be taken out of the Tenth (Kansas City) District and included inthr: Seventh (Chicago) District.
The underpigned Committee, to which was referr6d
the petition of i Bankers in Nebraska and Wyoming asking(that
the territory comprising said states be taken out of District No. 10 (Kansas City) and annexed to District No. 7
(Chicag4), begs leave to recommend that, for the present at
JZ;oit/
least, this L--- be denied.
Your Committee is oi the
:.
opinion that to take away the greater part of Nebraska and
all of the
tate of Wyoming would so far weaken the Kansas
City District as to make it of little value.X
There is con-
siderable argument in favor of reconsideration of the
boundary lindkof the Chicago, Eiimeapolis, St. Louis, and
4#14war4.44
lipmsas City Districts, and amo44, toube said in favor of re:
ducing these four districtfte two; but until the Board is
in-ertukt-r
Irst
ready to consider this question in Ildii—i!prftim4.9.et aspect,
your Committee is of the opinion that it would be a mistake
to weaken the Kansas City District by taking away the member
banks of the States of Nebraska and
There is a good deal of ill feeling particularly
in Omaha, but to a less extent in Lincolni and the remainder
of Tebrasa at being included in the Kansas City District.
It is largely a question of rivalry between the cities of
Omaha and Kansas City.
It is also due to the fact that the
trend of business, except in the eouthern tier of counties
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Federal Reserve Bank of St. Louis
•
-2-
OM
of Nebraska, always has been by the direct east and west
trunk lines through Omaha to Chicago and the East.
The
National Banks of Nebraska keep accounts at Omaha and the
e.044A-4A-important banks of the state, includ4Amaha keep accounts
lotiv
ut Chicago and New York City.
These banks have no natural
business relations with Kansas City.
In view of the abovg condition of affairs and cC
#14--e` C0-444.4.44-44ta,,,L?
`itCOrecornmendatiofi,iat this petition be denied yGux-4Qa6.
nait4,4410-40.41,-..erlitriien=122* it would be advisable to draw
the boundary line between the seventh and tenth districts
so that it will cone through a portion of the Clity of Omaha,
,
;he Vederal
thus enabling t
Reserve Bank of Chicagb to maintain
a branch bank a4.0m3hai
Mosaith a branch of the Kansas
City Bank at Omaha and a branch of the Chicago bank there,
also, the matter of the collection and clearing of checks
of Nebraska Banks would, in the opinion of your Committee, be
very considerably facilitated and time would remove to a
great extent the objection which the Nebraska banhars :feel
to the adjustment of the boundaries in the Reserve Bank
System.
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Federal Reserve Bank of St. Louis
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@FedFRASER