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, 122.301 - Michigan Protests, Boundaries of FRDistricts http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis f'ult Cut A‘ts,)th-t - Halt cL1 ' - r• http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A letter :.reed to you by the 'Aarquette National Bank, of Marquette, Michigan, has ben refIrrod to thi ffice. That tter refore to a petition filed by certain business men an: bankers or the Upper Peninsula of Michivan re19.tive to a transfer of that territory from the Ninth Federal Reserve Dia1,rict to the Seventh. When this petii.ion received, a copy of Regulation No. 1, relative to the Trocedure In ?T;r th3 Pesarvz Rank 1ull from tho decigirn OrganizA.ion Committee, vas -ailed to the retitioners. It sill ho -aoen from this regulation that in such case2 it -rill be necessary to file a Tetition from two-thirds of the . metrber, lull in the territory to be transferred. T4e only petiti received in this office are those filed by bw.iness men ard 1)3111 ,ere as individuals. Nothng has been received ihich could possibly be considered to comply with the re7u1;-..ti-n referred to. hould the hanks in question desire to have the Board formally consider the question of this transfer, they mw7t file a proper petition, zupported by a brir3f. • Name of Bank First National Bank First National Bank First National Bank Iron County National Bank Eseanba National Bank First National Bank First National Bank Superior National Bank Citizens National Bank Houghton National Bank First National Bank First National Bank First National Bank GogebieNational Bank Miners National Bank First National Bank Baraea County Nat'l Bank First National Bank First National BaniFirst National Bank Marquette National Bank First National- Bank Lumoermen's Nat'l Bank First Natiamal Bank of Alger County First National Bank regaunea National Bank First National Bank First National Bank First National Bank First National Bank First National Bank 31 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 411 MICHIGAN City (District No. 9) Canital Surnlus Total 25,000 Alpha 50,000 Bessemer 200,000 Calumet Crystal Falls 50,000 100,000 Escanaba 100,000 100,000 Hancock tt 100,000 100,000 Houghton ft 200,000 25,000 Hubbell Iron Mountain100,000 50,000 Iron River 100,000 Ironwood 100,000 Ishpeming Lake Linden 100,000 25,000 L'Anse 100,000 Laurium 50,000 Manistique 150,000 Marquette 100,000 200,000 Menominee 100,000 6,250 50,000 250,000 20,000 50,000 100,000 75,000 50,000 50,000 200,000 25,000 50,000 20,000 25,000 100,000 100,000 6,500 25,000 15,000 50,000 50,000 50,000 50,000 31,250 100,000V 450,000 70,000 150,000 200,000 175,000 150,000 150,000 400,000 50,000 150,000 70,000 125,000 200,000j 200,000 31,500 125,000 65,000 200,000 150,000 250,000 150,000 60,000 100,000 100,000 50,000 25,000 25,000 50,000 20,000 100,000 25,000 30,000 12,500 3,050 25,000 80,000 200,000 125,000 80,000 37,500 28,050 75,000 Munising Negaunee Norway Ontonagon Rockland St.Ignace Sault Ste. 100 000 Marie 2,735,000 Total 30,000 1,663,300 130,000 4,398,300 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis August 7, 1J14. On behalf of the Orz;anization Comnittee, receipt is acknowledzed of your sii.,Iplementary letter of tAlly 31sts, enclosing 12etitions bearIN•Y ing one hundred aad sixty-two sicaatures, ask Ins that the Federal _eserve Board rearrange the territory allotted the .ecional Bank establiwled or to be established in the city of Chicago, Illinois, so that it will embrace the entire ULper Peninsula of .denigan. In reply you are advised that these papers have been placed witn matters intended for the consiaeration of the Board when organized, 1:espectful1y, Secretary. President, Continental e: Commercial National Bank, Chicago, Illinois. 30i CAPITAL,SURPLUS AND UNDIVIDED PROFITS $ 30,000,000 ) (iitiiiIiiltiiitiI011IMOViiiiill.N3:find iiiik. of Q.:11,i calla GEORGE M. REYNOLDS, PRESIDENT RALPH VAN VECHTEN, VICE PRESIDENT VICE PRESIDENT ALEX ROBERTSON, VICE PRESIDENT HERMAN WALDECK, VICE PRESIDENT JOHN C. CRAFT, JAMES R.CHAPMAN, VICE PRESIDENT WILLIAM T. BRUCKNER, VICE PRESIDENT NATHANIEL R. LOSCH, JOHN R.WASHBURN, HARVEY C. VERNON, CAsri.ER ASS,CASHIER Assr CASWER EDWARD S. LACEY, CHAIRMAN OF A OV,SORY Cos MITTEE .,1!jeilt111, Q!' GEORGE B. SMITH, Ass, C.s.,cn . Asst, CASHIE R WILBER HATTERY, , H. ERSKINE SMITH, Ass. CASHIER WILSON W. LAM PERT, ASST CASHIER DAN NORMAN, AssrCAswes GEORGE A.JACKSON, Assr. CASHIER August 3rd, 1914. Elliott, Secretary, Hon. Reserve Bank Organization Committee, Washington, D.C. Sir:We enclose herein another petition bearing twenty-one names of bankers and business men in the Upper Peninsula of LAchigan, which may be added to the others sent you on July 27th and 31st. lours very truly, President. c;trY http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1D14 • Federal Reserve Board, Washington, D. C. Gentlemen: We respectfully petition your honorable body to so rearrange the territory allotted the Regional Bank established or to be established in the city of Chicago, Illinois, so that it will embrace the entire Upper Peninsula of lachigan„.... For many years the trend of commence has been to orfrom the direction of Chicago, and not Minneapolis, in which territory we have been We consider this action on your part necessary placed. insure justice to the banks and various industries of the to Upper Peninsula of Michigan, , 0 <)64-744/ (/ http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis • CAPITAL,SURPLUS AND UNDIVIDED PROFITS $ 30,000,000 i1116 Oinitintweittl of Q.1111%410 1 GEORGE M. REYNOLDS, PRESIDENT RALPH VAN VECHTEN, VICE PRESIDENT ALEX ROBERTSON, VICE PRESIDENT HERMAN WALDECK, VICE PRESIDENT JOHN C. CRAFT, VICE PRESIDENT JAMES R.CHAPMAN, VICE PRESIDENT WILLIAM T. BRUCKNER, VICE PRESIDENT http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis NATHANIEL R. LOSCH, JOHN R.WASHBURN, HARVEY C. VERNON, CANNIER ASST.CASHIER Ass-i- CASHIER GEOR E B. rfIITH, , ER WI LB E "1-4 At T . A4ST CASHIER H. ERSHHIrt— SMITH, ASST CASHIER WILSON W. LAM PERT,As CAtHIET DAN NORMAN, As Ai4li GEORGE A.JACKSZN, A A et EDWARD S. LACEY, CHAIRMAN OF ADVISORY CDMMITTEE July 31, 1914 IhriattOit4, ( i Hon. M. C. TIlliott, Secretary, Reserve Bank Organization Committee, Jashington, D. O. Sir: Supplementing my letter of July 27th, I am enclosing herein petitions addressed to your honorable body, asking that the Upper Peninsula of Lichigan be included in Federal Reserve District Numier 7. These petitions bear one hundred and sixty-two (162) names in various lines of business, and one as you will see, is signed by the ten gentlemen comprising the directorate and official staff of the :i'irst National Bank of Laurium. ours very tru President. JTV LIAD ANSWERED AUG? 1914 Federal ilonerve 3oard, )1 r1shinGton, Stephenson D. C. Gentlemen: We respectfully petition your honJrable body to so renrrince the territory allotted the Regional Bank estbliched or to be establised in the city of Chicago, Illinois, so that it will embrace the entire Upper Peninsula of 7ichicn. Por many years the trend of corr.erce has been to or from the direction ;hicar:o, and not 'Innennolis, in 'which territory we have been of , nlaced, consider this action on your :)art necessary in order to insilro justice to the banks nnd various industries of the Upper Peninsuln. of 71.chican. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BA1\1;9 /FSTEF'HENSO By 7ederal ResP,rve 7oard, -ashinon, C. Gentlemen:7e resnectf141z7 retition your honoral)le 1 ,ody to 3O re-arre the territory . 1 1ette1 tic estaT;licl:ed or to 1-,e estallished in t-71e elt• of is, sc tLt it 77ill or— I'rcc t1 7.e entire TTT, er 7enin3u1a of 75.chi,cn. . 7oryi yeur or fro : -1 tile trend of com.rnerce has leen to direction of Chico, and not Tlinneaolis, in which territory e hfvo teen place. er this action en your 1-Aart nece6zuAry -Tc conto insure justice to the tanks LI-jd various industries of the Ur-per Peninsula of ichin. IT= ITSI97CE Firsi MAMETTE 0 Tr'Pr1T!‘ 11 13 ENOM1NEE, MICH, rqt;n8MV Wi ran E FURNIST-IING .r . •• • • PrQsieie.ut & iJdLii11 -7 /1(ø3r (-0 4.ilrywr" v., http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis fr 5 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis •:',I:si.-7.17E::ci:73 Temple Shoe Masonic 131dg. Store Menominee, MI F. W. LlEBHERR Menominee. Mich _ R. cf. Mullins, Office Outfitter, Menominee, Mich. WOO — ,")710 IS, BILL PI" NO CO. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis • American Expross C / • LOEWENSTEIN CO Menominee, ?Mob http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 111 Federl Reserve Board, .aohinEton, D. C. Gentlemen:. respectfully petition your honorable body to so rearrange the territory allotted the Regional BrInk established or to be estnblished in the city of Chicago, Illinois, so t'i,t it Yor many will embrace the entire Upper 'eninsula of Fichicrm. commerce has been to or from the direction years the trend of L'Ivc been of Chicaco, and not rinneanolif:,-in which territory consider this action on your part nedessary to insure p-ticr to the banks and v7tr1ous industries of the ins-Ila of 1:ichigan. , c http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis "44,4441 , 4) e /(Ar 4 P , 0 /1 -S i Ct • o 4 L--y-a-/A44 of7A //IL http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A 12 1/ 0, z • Federal Reserve Board, Washington, D. C. Gentlemen: Vie respectfully petition your honorable body to so re -arrange the territoryallotted the Regional Bank est,',',"',1aished or to be established in the city of Chicago, Illinois, so that it will embrace the entire Upper Peninsula of Michigan. For many years the trend of commerce has been to or from the direction of Chicago, and not Lanneapolis, in which territory we have been placed. We consider this action on your part necessary to insure justice to the banks and various industries of the Upper Peninsula of Michigan. SA.T31,1 1 V GS,„, 17tA,ITIC. tf,16 6-e-/ NA( 21/kt-5,L ,Azt_ejt )14-11 f kld;' C:Le) 14-4x d 4i 4 ( 6 r http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis curAt irk-ceEJ-EJ-la •(1 2oderal :Zonerve 1 . 4 -2:0 C. („cntionen; c reumwtfully petition your eiorbic body to oo re-to lished or .Irrnce the trrttory nllottc,d the Itegional Banh entab os illineioi co that it vill be establinhed in the city of Cic or nany embrace the entire Unpor renimula of 7aohicam. to or from he diroon yearc the trene of dualeroo Irlo been , not :iititoupoli s ill which territory we 1/ 1 1i) boon of Ghieo, on your part necorsr;ary We eonoider tIlif; action placed. the to Innuro jur;tiet1 to t.i.19 baAlw And various indurtrieo of Uppe:. eninrluln of '"oiliGaz. etx—,ko , .,• / // /c ' /' 717(iilio7 C- / 111,4vc/7 m‘-aAw http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Mi. aeRa. BLSEIIVE BOO -T0 THE FEDERAL RIVE BOARD Washil uon D. C. Gentlemen:Whereas, in apportioning the United Stat Reserve districts, our locality has been placed in District No. 9, to be served by a reserve bank at Minneapolis, and 7 Whereas, the lines of transportation and facilities for speedy communication between Minneapolis and our district are very unsatisfactory and inadequate, and ;. 2i171* I Whereas, our commercial aril financial interests lo not tend towards Minneapolis, but rather to Milwaukee and Chicago, and the proposed division will disturb the natural course of trade and be extremely harmful to established banking and commercial relations, and Whereas, Chairman Glass recently said, "In the operation of the system no bilsiness center will lose its identity or have its business relations seriously disturbed" and that "the banking operations and the commercial transactions of any given territory will be practically maintained as they exist today", neither of which coeditions can exist if the territory tributory to Milwaukee and Chicago remains in the Minneapolis district, and Whereas, member banks located in District No. 9 ((inneapolis) cannot look for rediscount aceomodatioe: from District No. 7 , (Chicago) or a beanth of same if located at Milwaukee, THEREFORE, BE IT RESOLVED, That we strenuousiy protest against a division of territory placing our section in District No. 9, which, in our opinion, ,is contrary to the terms of the currency act, which provides that "THE DISTRICTS SHALL BE APPORTIONED WITH DUE REGARD TO THE CONVENIENCE AND CUSTNARY COURSE OF BUSINESS," and that we earnestly petition the Federal Reserve Board to reconsider the apportionment, to the end that our locality preserve its normal relations, and be placed in District No. 7, served by the Chicago Reserve Bank, and that a branch of same be establiehed in Milwaukee. Date APR 25 194 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Name of City. Name of Bank Officers Directors Rederal Reserve Board, Washington, D. C, Gentlemen; We respectfully petiti on your honorable body to so re-arrange the territ ory allotted the Region al Bank established or to be establ ished in the City of Chic ago, Illinois, so that it wi ll embrace the entire Upp er Peninsula of Michigan. For many years the trend. of Commerce has been to or from th e direction of Chicago, and not Minneapolis, in which ter ritory we have been plac ed. We consider this action on your part necessary to insure Justice to the banks and various industrie s of the Upper Peninsula of Michigan. . http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis • Presicient of the Detroit Life Insurance Co. of Detroit, Michigan and stoc k. holder of the First National Ban k of Laurium, Michigan. Radizral Reserve Board, Washington, D. 06 Gentlemen; We respect:111/y petition you r honorable body to so re-arrange the territory all otted the Regional Bank established or to be establish ed in the City of Chicago, Illinois, so that it will a/0)race the entire Upper Peninsula of Michigan. Por nan y yez.trs the tend of Commer ce has been to or from the dir ction of Ohlcago t azd not Hinneapolis, in which ter ritory we have bsen pluced. We consider this aftion on your part necessary to ins ure justice to the banks and various industries of the Upper Peliinoula of Michigan% http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis secretary of the Detroit Life Ins. Co., of Detroit, Michigan,. and. stockholder of the First National Ban} of Laurium, Michigan.. • A 2cderal Aosorvo Donrd, ain:ton, D. C. i3CtfU1i/ putition your honorable W(1:I to so 1-efsta'.)lisilied or Lb./a ;Lccionnl .11„t1 c3. that it 7,t,r;blizhcc1 in tile city of Cilic-lcos tc 1 )c ',, Yor mny irmu1R of:"Johicx.il. L11 Upper -c will , ! pwrnLi tn-lie of connerce hoz br!en to or friwa thf. direction , not 1- capo1ic1 in ..;h1014,o, conoidnr this action on your pPrt neconsary ill(lvf;t1 .1c,1 j4L,Liou LoiLu , ITnnItr PeninsIllr of -tohiPan. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis .c I Pegeral "ilf;serve Board, ,w)hinL;ton, D. O. Gentlemen: respectfully petition your honorable body to so reRrrance the territory allotted the Regional Bank established or to be estalished in the city of Chicago, Illinois, so that it For many will ellbrn.ce the entire Upper Peninsula of ;ichican. years the trend of commerce has bocin to or from the direction of Chicago, nnd not ':inneapolis, in which territory we have boon We consider this p,ction on your tart necessary -)laced. to insure juotice to the banks and v,-.rious industries of the Upper Peninsula of richican. viz-i-J6 6 oc?(Ad1viefz(e?; /-3 ) 1/ -) k--A----7r-lit-L4 1 / 7j -r,a41% Republic, Mich. July 24,1914. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis .7,z6y1 t. / .... III qr 0 AS...et A- - Fogeral Rencrve Board, wlhiritons D. O. con',2.0Llen: •10 ryrTectully petition your lonorable bocly to so reor 7 terrA.tory allotted the Rot ;iona1 Bank e3tvIlliv, 7r.rance to be eFtrOylished in thO city of Chicczo, or Liany 7cninm1a of riehil2r!ri. yill . beoll to or fl ort thc, diVeeton yer. the i.rend.pf comp.A'ce , 5 torritory we 1v7tve been of Chicav,o considr thio RetIon on your part nceos3ary 71acod, the: 1.):111to and Vt17:10112 inclu'otricc of tile , to innure juutice. er Penin2u1a of TAchAL2r. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis /7 Ii . )71,K ;,.... 3; t• 'i:7 4,,I ' ' , 1 1\ ,... ' ° T) .............. 7 , s/ ' 2" -7, 4 -•-'' ,,, '. -, " -- ...*- --;• " 0---- - .2.---- 1 Al(11_.• CI'I• ( /k.) I 1 fv'4" vP 111i • Ft, e0e te 5 >77.4 -t -C - .*; . •ti • •• 11 , 64 , ;# Federal Reserve "loard, Washington, D. C. Gentlemen: We respectfully petition your honorable body to so rearrange the territory allotted the Regional Bank established or to be established in the city of Chicago, Illinois, so that it will embrace the entire Upper Peninsula of Michigan. For many years the trend of commerce has been to or from the direction of Chicago, and not Minneapolis, in which territory we have been placed. ie consider this action on your part necessary to insure justice to the banks and various industries of the Upp,r Peninsula of Michigan. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis a r http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis S Federal ,.:escrve Board, ':;ashin6ton, D. C. Gentloon: We respectfully petition your honorable body to no re- \ ectablislied or arrange the territory allotted tlie 1:eGiormi hed in the city of Chicaco, Illinois, so that it will to be establis :2or many embrace the entire Upper leninsula of Yichican. trend of connerce hac been to or from the direction years the of Chicano, nnd not 7 iri:ieapoli, in which territor:" we have 'aeon Ye consider this 71,ct.ion on your -oart necensnry nlaced. to insure justico to the banks and v7trious industries of t:Ie Upper reninsula of -ichiGan. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis .... ....... . rst asnier Powerr, 7 . ichican. e t, Nadeau. Lumber. ichir7rtn. , . erchmnt. ich. 7)owe - 'tel. )(/9/(‘-frri, 6, 7 :?res. Delta Title Land ?..-_Lonn Co . ...T2cz-;nc-11,p, nt. tand. Oil Co., 70wer,-3, •• Porers, — icn. Attorney, — 01:Jero, OtOI -paldinc, .floctor, Thdraz)., Lumber Co. :Pre. c i ch. Vinolesm.le Lirler. I e, • A 3c„ hut, Conmercial NW-411L1 J unk CAPITAL,SURPLUS AND UNDIVIDED PROFITS $ 30,000,000 Qtittling r :or ajgaLlui GEORGE M. REYNOLDS, PRESIDENT RALPH VAN VECHTEN, VICE PRESIDENT ALEX ROBERTSON, VICE PRESIDENT HERMAN WALDECK, VICE PRESIDENT JOHN C. CRAFT, VICE PRESIDENT JAMES R.CHAPMAN, VICE PRESIDENT WILLIAM T. BRUCKNER, VICE PRESIDENT http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis NATHANIEL R. LOSCH, JOHN R.WASHBURN, HARVEY C. VERNON , CAsRs Assr.CAsHicR Assr CASH1EP EDWARD S. LACEY, CHAIRMAN OF ADVISORY COMMITTEE erlifrOpit„ GEORGE B. SMITH, ASST. CASHIER WILBER HATTERY, Asst. CASHIER H. ERSKINE SMITH, ASST. CASHIE F1 WILSON W. LAM PERT, ASSY- CASHIER DAN NORMAN, Ass,- CASHIER GEORGE A.JACKSON, Assr. CASHIER July 27, 1914. Hon. M. U. Elliott, 3ecretary, Reserve Bank Organization Committee, Washington, D. C. Sir: I enclose herein petition to the Federal Reserve Board, bearing two hundred and seventy—one (271) names of business con— cerns of different character located in the Upper Peninsula of Michigan, praying that your body alter the reserve bank district lines, so as to include that territory in Feaeral Eeserve District Number 7. This petition which was sent in by friends in the Upper Peninsula is being forwarded to you at their re— vest for your careful consideration, and will I understand, be Irincipaily DyDW1eLtssupplemented by other petitions signed in that section. ')_. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis We respectfully petition your honorable body to so re—arrange the territory allotted the Regional Bank established or to be established in the city of Qhicago,Illinois,so that it will embrace the entire Upper Peninsula of Michigan. .'or many years the trend or comerce has been to or from the direction of Chicago, and not Minneapolis l in which territory we have been placed. we consider this action on your part necessary to insure justice to the banXs and various industries of the Upper Peninsula or Michigan. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis •11. • 4 • 2ederal Reserve Board,. 4as hingt on,D.Os kientlomm: rospotrliy petition your [101101%Wie U00,y to so r>-arrange tn Ler‘iriory ailottc:u Lae Regiolli JLnk OStablinea or to th., estabiloaekl in the uity 01 zo Lnat it tale entir, • Upper P6•11111311.1.4 oI-11Calga,11. i 1 4 Years the trend or / ;o„,,i,L•rk:oii of k:laeugo, aiu noL placea. jutie .ir many ov:en to or frau tne dirootion ter.citory fve en uonsid.or this 4et1on on your puxt necessary to incur LO tii(2 balib.3 Law. Various illaUatrlu0 Of the Upper Peninsula isii.L.:11.114:_al. 710- ,;&tox 7 /07/1;114 c3 1,'//yz(i c/f •/;-` / http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis tfae/ •••••" • Fedor. ]. Reserve Board, , '.ashington, D. C. Gcntae;len. recnoctfully petition your honorable body to so rearrange the territory allotted the Regional Banh established or to be established. in the city of Chiea6o, Illinois, se that it For r4any will embrace the entire Upper T'eninsula of 17ich1gan. years the trend of commerce has been to or from the direction of Chicflco, an0 not 71nnen;2olis, in which territory we have been We consider this action on your part nedessary nlaced. to 'insure ju7tice to the banlm and various industries of the Upper Peninsula of nchigan. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis fsleigibthtY; Mich- fr 4/dui, X71/2 i t 'L eVv3-s-zvz U-X.t rt 0 • Federal Reserve Board, V-,shincton, D. C. Gentlemen: • respectfully petition your honorable body to so re-arrance the territory allotted the flccional Tan k established or to be established in the city of Chicaco, Ill inois, so that it 7111 embrP,oe the entire Upper Peninsula of :ichigan. For ;aany years the trend of comerce has been to or from the direction of Chicaco, and not 7innef-polis , in 7111c1^' territory we have bee n placed. We consider this action on your nart necessary to insure justice to the banks and venous industries of the Upper Peninsula of Mohican. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1 , http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis FEDLRAL RESERVE BOARD ['ILE •-d bo Awn 1?* 1914« Han. r #* H. OtDrien, Houchton, :ichigan. Tly dear Sir: , I have your communication of 4 ." 711 41h ,relative to the protest of the National Banks of the Upper Peninsula against being included in District No. 9. Your letter will be filed for consideration by the Federal Reserve Board when it is organized, as it alone has jurisdiction over the matter. Very truly yours, Secretary. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis • 301 41/6/14 April 16, 1914. Tkr. P. H. 00Brion, Houghton, MichiE-an. My fiePr Sir: I havo. your lotLer of the 14th fTotstink:'. agtinet the tnclusion. of tha Yorthern Poninralm of Mohican in Fecleral Pouervo District VO. 9. A4 a Tariarw tho Orrnization Ceitiralttee, sec. no reason for a reccnbiOrstio of thG cc nittaeli3 deasion in this m, p4rd, but would respectfully surmst thlt if the, 4 4411:6 in your election feel that 4 othor arrant:ement would be more advantegenum , to tLem, they will hav, th(1 o7;rortunity 1 or i',:ir c tir viermi to the Federal Prv4orvo Brl when it ;tall have been 'Try lotfully, Comptroller of tbe CurrAncy. VET - A It 21 JOE T. ROBINSON. ARK.. CHAIRMAN HARRY LANE. ORES. CHARLES E. TOWNSEND. MICH. ,r. eartgrtssof thr Iltatrd States, ) REPRESENTATIVES: JOHN H. STEPHENS. YES CHARLES D. CARTER. OKLA. CHARLES H. BURKE. S. DA / ; 1 . 4, 1 R. B. KEATING. AR JOINT COMMISSION . SEdRETARY k, To INVESTIGATE INDIAN AFFAIRS. 501 p lut ' 441041)0 44 "'RAI( 1 1161 , TJ 7-Pratt.-Tfrr Skelton Williams, Hon. , )V imp:troller of tire Currenc-y, t dashinf;ton, D. dear Hriv r. .71111a2ns:- : z In connection with my letter of --esterd:1- relative to the placing of the Ulmer Zeninsula of ::ichican in 1 :A3 polls district I clesire to state that I have received very many letters from bankin- and other interests of the U-iller 1)eninsula of our state, also the emclosed resolution 6,..nd it see=, to Le, that these rieo:ole have made out a clear case. I sincerely trust that this natter can be ad:1::te,l. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis "ICS20C t rully yours, - ( PR GEORGE P. CHAMBERS, SECRETARY SCOTT, PRESIDENT RALPH A. COOK, TREASURER • MENOMINEE COMMERCIAL CLUB Vice-PRESIDENTS VICE-PRESIDENTS EDWARD D ANIELL,- INDUSTRIAL H. T. EME OFFICE OF THE SECRETARY E. P. SMITH,- TRANSPORTATION JOHN RILEY,- RURAL AFFAIRS SON,- Civic .PETER,- TRADE AND COMMERCE FRANK ST J. J. O'HARA, CHAIRMAN WAYS AND MEANS COMMITTEE MENOMINEE, MICH., IOi PLEAS, The Reserve Bank Or -. :=1,nizatior Comr!littee has seen fit t;) -an in the7inneapolis ristrict , tie Uor PeninsulL of Michi?, and , 1 711TEFAS, the Upper PeninsulL of Th7icl i-2;an has very little direct business relations with Minneapolis and ..:3 WHERFAS, the mail and express , rvice is direct with Chicago and indirect with Minneapolis, Therefore be it RESOLVED, That the Commercial Club of Menominee, Micl-A7an, stron: ly protests against the 2lacin I . of the 14—e, Peninsula of Michizan in the Minneapolis District as it is not in conformity with the law which states " The Districts shall be apportioned with due and rezard to the convenience and custorlary course of business ", be it further Yic i7an, 1 RFS01,17,D, That the Commercial Club of 7enomine, Peninsula of petition the Federal Reserve Board to attach the Upper Michil;an to the Seventh District with Chicago as the center. 4 tt,„7 1 • "' PreF3irient Menominee, Viol. i..7an, April 10, 1914. By order of the Board of Direc to rs http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ,)er're ary P. H. O'BRIEN CIRCUIT JUDGE FOR THE TWELFTH JUDICIAL CIRCUIT HOUGHTON. MICHIGAN , •k v CUrii(ENC v, \VEDi_EiAL Hon. D. F. Houston, 6NE BO Secretary of Agriculture, t Washington, D. C. 361 IV.44j 0* / 0 . it 4P-4 My dear Sir: The Reserve Board Organization Com mittee have included the Upper Peninsula of Michigan in Federal Reserve District No. 9, in which the reserve bank is loa ated at Minneapolis. As I understand it, the National Banks of the Upper Peninsula hav e entered a strong protest agains t being included in District No. 3, and have expressed a desire to be included in District No.?, in which the reserve, bank is 4,o9at ed at Chicago. 1 I recognize fully the diffic ulty that the Organization' Committee labo e It is, therefoje under ; in determining the respec tive districts. ithsome hesitation that I am writing you on the subject ot the, ' per Pexiinsula banks. I consid er the matter 4 of such importance to the, ban ks, ,to the business interests and to the pullic generally of the Upper Peninsula, that I am going to ask your indulgence to consider the following fac ts in regard to the banking and com mercial situation of this Peninsula. For upwards of fifty years the banking affiliations of the Upper Peninsula ban ks have been with Chicag o. They have close business relations with the larger banks of that city. They have no relations or affiliations with the banks of Minneapolis. Chicago'is the natural job bing and wholesaling center for the Upper Peninsula. The mai l service and transportati on facilities are prompt and convenien t. We have three throug h trains a day http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis P. H. O'BRIEN C,RCUIT JUDGE FOR THE TWELFTH JUDICIAL CIRCUIT HOUGHTON, MICHIGAN running between Chicago and the Copp er Country and the Iron Country of the Upper Peninsula. We have no direct train service fro,a this Peninsula to Minneapolis. The mail service is neither prompt nor convenient. We have scarcely any commercial or industrial relations with rAnneapolis. In fact, substantially all of our industrial and commercial relation s are with Chicago and the Fast. Under the circumstances, it was and is a great disappointment to the banks and to the public generally of the Upper Peninsula that this portion of the State of Michigan was not included in the seventh district This . sentiment is in no sense technical, but is based upon subs tantial economic and industrial reasons. As I understand it, the withdrawal of the Upper Peninsula from the Minneapolis district would not decrease the capitalization of the Reserv e Bank below the requirements of the Currency Act. May I ask, therefore, that the inclusion of the Upper Peninsula in the ninth district be re-considered either by the Organization Committee or by the Reserve Board? I would consider it a great favor if your would kindly give this matter your personal consideration, and I am quite sure that the banks and the general public of the Uppe r Peninsula would greatly appreciate being included in the seventh district, if it is at all possible for the change to be made. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yours sincerely,. P. H. O'BRIEN CIRCUIT JUDGE FOR THE TWELFTH JUDICIAL CIRCUIT HOUGHTON, MICHIGAN Hon. W. D. McAdoo, Secretary of the Treasury, c ) v APR 16 1914 Apfti, il4PaaPrg.4:1:4 0 1rilittee ___.-----t ,------ 0 , ____----( ' -\ ---,--- ; -1,•-•k`1 ‘ u- '' _ C-Vc-.. `\\- i I-. `V ' Washington, D. C. 1")--t'--------- t:..,, My dear Secretary:- The Reserve Board Organization Committee have included the Upper Peninsula of Michigan in Federal Reserve District No.9, in which the reserve bank is located at Minneapolis, As I understand it, the National Banks of the Upper Peninsula have entered a strong protest against being included in District No.9, and have expressed a desire to be included in District /10.7, in which the Reserve Bank is located at Chicago. I recognize fully the difficulty that the Organization Committee labored under in determining the respective districts. It is, therefore, with some hesitation that I am writing you on the subject of the Upper Peninsula Banks. I consider the matter of such importance to the banks, to the business interests and to the public generally of the Upper Peninsula, that I am going to ask your indulgence to consider the following facts in regard to the Banking and commercial situation arthis Peninsula. For upwards of fifty years the banking affiliations of the Up.er -Peninsula banks have been with Chicago. They have close 72 ) business relations with the larger banks of that city. They have no relations or affiliations with the banks of Minneapolis. Chicago is the natural jobbing and wholesaling center for the Upper Peninsula. The mail service and transportation facilities are prompt and convenient. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis We have three through trains a day P. H. O'BRIEN CIRCUIT JUDGE FOR THE TWELFTH JUDICIAL CIRCUIT HOUGHTON, MICHIGAN -2running between Chicago anathe Copper Country and the Iron Country of the Upper Peninsula. We have no direct train service from this Peninsula to Minneapolis . The mail service is neither prompt nor convenient. We have scarcely any commercial or in- dustrial relations with Minneapolis. In fact, substantially all of our industrial and commercial relations are with Chicago and the East. Under the circumstances it was and is a great disappointment to the banks and to the public generally of the Upper Peninsula that this portion of the State of Michigan was not included in the seventh district. This sentiment is in no sense technical, but is based upon substantial economic and inddstrial reasons. As I understand it, the withdrawal of the Upper Peninsula from the Minneapolis District would not decrease the capitalization of the Reserve Bank below the requirements of the Currency Act. May I ask, therefore, that the inclusion of the Upper Peninsula in the ninth district be re -considered either by the Organization Committee or by the Reserve Foard? I would con- sider it a great favor if you would kindly give this matter your personal consideration, and I am quite sure that the banks and the general public of the Upper Peninsula would greatly appreciate being included in the seventh district, if it is at all possible for the change to be made. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yours sincerely, 9I L'dV 171u1 ,d33S 01 7H1 AO 11.1.VA1dd ;i0 331:MO , '271 r; http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis May Ify 1st 1914. dear Judge:Your letter of April 14th 3.3 received and the arj,uments rreaented have bon carefully noted. I think you will find thtit in te workin,; out of the Federal Reserve system, thrLu;h tae Federal reaerve banka to be established And the diatricts which they will serve, busineaa will not be adversely affected. Before rcachn,; it final con- clusion the CommJttoo gave cost careful consideration to the bueinesa convenience and welfare of the entire country and all factors, inoludinj tho locU interests of each bank were fully i;hed, it being carefully borne in mind tha„ one of the . ain objects of the oystem waa the neceasity for reserve. After mature deliberiatien the Committee filed with tte Comptroller of the Currency a certiLicate deaignAing the distriata and 't einnot now legally make any changes. Sincerely yeurs, Honorable P. H. O'Brien, Circuit Juk;e for the Twelfth Judicial Circuit, P. H. O'BRIEN CIRCUIT JUDGE FOR THE TWELFTH JUDICIAL CIRCUIT , , HOUGHTON. MICHIGAN April ' Mr. John Skelton Williams, 1'4144j4i ApH L; 1 7 1914 Comptroller, Washington, D. C. k:ts, Baal( Org Committee My dear Sir:The Reserve Board Organization Committee have included the Upper Peninsula of Michigan in Federal Reserve District No.9, in which the reserve bank is located at Minneapolis. As I understand it, the National Banks of the Upper Peninsula have entered a strong protest against being included in District No.9, and have e)yressed a desire to be included in District No. 7, in which the reserve -bank is located at Chicago. I recognize fully the difficulty that the Organization Committee labored under in determining the respective district s. It is, therefore, with some hesitation that I am writing you on the subject of the Upper Peninsula banks. I consider the matter of such importance to the banks, to the business interests and to the public generally of the Upper Peninsula, that I am going to ask your indulgence to consider the following facts in regard to the banking and commercial situation of this Peninsula. For upwards of fifty years the bankirt affiliations of the Upper Peninsula have been with Chicago. They have close business relations with the larger banks of that city. They have no relations or ailiations with the banks of Minneapolis. Chicago Cs the natural jobbing and wholesaling center for the Upper Peninsula. The mail service and transportation facilities are prompt and convenient. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis We have three through trains a day • • P. H. O'BRIEN CIRCUIT JUDGE FOR THE TWELFTH JUDICIAL CIRCUIT HOUGHTON. MICHIGAN -2- running between Chicago and the Copper Country and the Iron Country of the Upper Peninsula. We have no direct train service from this Peninsula to l'inneapolis. The mail service is neith er prompt nor convenient. We have scarcely any commercial or industrial relations with Minneapolis. In fact, substantially a2] of our industrial and commercial relations are with Chicago and the East. Under the circumstances, it was and is a great disappointment to the banks and to the public generally of the Upper Peninsula that this portion of the State of Michigan was not included in the seventh district. This sentiment is in no sense technical, but is based upon substantial economic and industrial reasons. As I understand it, the withdrawal of the Upper Penin- sula from the Minneapolis District would not decrease the capitalization of the Reserve Bank below the requirements of the Currency Act, May I ask, therefore, that the inclusion of the 7pper Peninsula in the ninth district be re -considered either by the Organization Committee or by the Reser ve Board? I would consider it a great favor if you would kindly give this matter your personal consideration, and I am quite sure that the banks and general public of the Upper Penin sula would greatly appreciate being included in the seventh distriet, if it is at all possible for the change to be made. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Yours sincerely,. WESTE SO B L- AA i WESTERN UNION v; DAY THEO, N. VAIL, PRESIDENT 4,EcErvEDA1/1-1 4 " c57cH KC 82 BLUE 2 1 1914 1259 APR 1 MARQUETTE MICH' APRIL 13 1914 RESERVE BANK ORGANIZATION COMMITTEE Res. Bank Org. Co WASHINGTON' D C 4 THE NATURAL TREND OF FINANCIAL UPPER PENINSULA AND COMMERCIAL BUSINESS OF THE OF MICHIGAN HAS 'ALWAYS BEEN unsED ALLIED WITH PUNTS TO THE EAST AND SOUTH THE GREAT BULK OF EINANCIAL TRANSACTIONS BETWEEN THE UPPER PENINSULA AND CENTRES BEING CHICAGO ILLS HAS GROWN UP THROUGH OUTSIDE THE CUSTOMARY COURSE OF BUSINESS A LOW; SERIES OF YEARS REQUIRES THAT THE UPPER PENINSULA OF MICHIGAN DISTRICT NUMBER SEVEN WITH CHICAGO AS http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ALL BUSINESS AND THAT CLEARLY AND IMPERATIVELY SHOULD BE PLACED IN A CENTRE. FIRST NATIONAL BANK OF MARQUETTE. 45OPM II • Marquette Commercia OFFICE OF THE SECRETARY OFFICERS: J C. GANNON, PRESIDENT A. T. ROBERTS. 1ST VICE-PRES. M. W. JOPLING, 2ND VICE-PRES. T. A. SCHNEIDER. 3RD VICE-PRES. H. R. HARRIS. 4TH VICE-PRES: • E. L. PEARCE, 5TH VicE-PREk. F. J. JENNISON. TREASURIR E A. DALEY, SECRETARY, .1' , Af k•,. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis MARQUETTE, MICHIGAN 1 r ' I xf v V L--r(1.7-L.--;1 .,./1 ........,, ( / t, re . 4fr , A CHAMBEAU D. W. POWELL A. H. MEYER LOWS E. S. BICE 1 • F. S. CASE ; APR 181914- eoRm ---1-F`fth, 1914. Reserve Beni: Organization Committee, . Washington, 1. C. Gentlemen:am enclosing resolutions adopted by the-1.7arquette Commercial Club protesting ao-lInst the assignment of the . .. Up-oor Peninsula of 7ichigan to the Ninth •,••• • District of the 7o1on I1:.eserve .P5 , and will 37in011T tht you give the same your attention. Yours -Executive Secretory. ; • RESOLUTION ADOPTED BY THE BO RD OF DIRECTORS OF TEE LARQUETTE conrucIAT, CLUB, MARQU7TT7, MICHIGAN, APRIL 10,1014, PROTESTING AGAI= THE ASSIGYI:FNT OF THE UPPF2 PENINSULA OF MICHIGAN TO THE ITINTF DISTRICT OF THE REGIONAL RESERVE BANKS. WHEREAS, The Reserve Bank Organization Comittee has seen fit in making up the Reserve Districts to fttach the Upper Peninsula of :-ichi, zan to the Ninth District, of vich District Tiinnearolis is to be the Reserve Center; and, WITEREI ,S, the business and banl-in;); interests of the Up-er Peninsula are and always have been cond_ucted in close connection with 7illulee, Chicago and other points "ast and Sout, and only to a slight degree with ilinneepolis; and, WHEREAS, the facilities for speedy communicatLons between practically all Upper Peninsula points and Milwaukee and Chicago are and always have been far superior to those existing between the same territory and Minneapolis; and, WHEREAS, in our opinion, the action of the Organization Committee in attaching this territory to the Ninth instead of the Seventh District, of which Chicago is the center, will result in ,:reat detriment and inconvenience to the busin-ss interests of the Upper Peninsula. NP,W, TH-",R7 1017, BE IT RESOLVED, By the Board of Directors of the Marquette Commercial Club, an Organization composed of nearly three hundred of the leading business and professional men ')1P the City of Tarquette, :ichigen, th t we strongly and emphatically protest against the action of the Organization Coprittee as being in entire disregard of the interests of the Upper Peninsula and in direct violation of the provisions of the Currency Act that "The District shall be apportioned with due regard to the convenience and customary course of business," for the following reasons: http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1-t.-- The commercial and financial relstions of this territory • from one end of the Peninsula to the other have alwp.7,: s been and are now closely allied" with points to the East and South , especially Chicago and Lilwaul-4, the great bulk of the business and financial transactions between the Upper Peninsula and outsi de centers being with Chicago and Milwaukee. 2nd.-- The railroad, express and mail faciilties between all Upper Deninsilla points and Chicago are direct, sreed: y and far more satisfactory than between the same points and :inneapolis. RESOLV7D, n*UR?- -R, That in our judgment the mercEI ntile, industrial pnd financial connections existing in this territory, the transportaion D- cilities serving the same and the customary course of business that has grown up through a long series of 7iears, clearly and impera -ftvel: require that tl'e UpilDr Peninsula of 7ichigan should be placed in District Numbe r Seven of which Chicago is the center. http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis
