The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1913-09-16

rince sometnlng 20 Inls END
Union Savings Bank and Trust
Company, Huntington. A. G. Thomas,
cashier.
give per cent limit in the way OF
dividends on the ten per cent of their
capital which they are compelled to
invest in the regional bank stock is
not a square deal. and the fact that
the extra profit, IL there should be
any, goes into the government treas
ury ought to be enough to handicap
the bill at the start"
The Poca Valley Bank, Walton. W,
G. Holswade, cashier.
~'If the bill can be made acceptable
to the national banks, so that they
will. remain in the national system,
I have no doubt 1t will be of vast
benefit to the country and / am heart
Iily in favor OF It's passage. The atti-
tude OF the New York banks. who
strongly oppose 1T, can hardly be TAX
en- as correct for they are not always
moved by altruic purposes
The National CITY Bank, Charleston,
| ]. S. Hill, cashier.
an the matter of the disposition of
the earnings of the federal reserve
bank, especially beg to ask that In
asmuch as the banks are required to
contribute all of the capital stock of
the proposed bank, as well as all Of
Tits deposits, why should they not at
least receive fair proportion of the
earnings@
The First National Bank, Hunting
ton. Robert L. Archer, cashier.
Under the proposed bills there
are granted to this board the most
extensive and far reaching powers
ever given to any man or set of men
In this or any other country. If that
be true, every precautlon should be
taken to have the members of this
board be men of strict integrity in
whose experience, wisdom and ac-
tons, the business men and bankers
of the country may repose absolute
confidence"
First National Bank, Grafton. O..
Jay Fleming, cashier.
"This bill is so full of faults, as
viewed from national bankers stand
point, that its virtues, If any, can
scarcely be discerned Why banks
as a corporation, that pay their cor
poration as well as their excise taxes,
should be assessed over and above
any other corporate body to pay the
government debt, We are unable to
understand. The stockholders in the
proposed banks will be held for
double liability, while the government
exercises full control, reaps all the
benefit, and assumes no liability what
ever"
First National Bank Of Northfork,
Northfork. c. S. DieTenderfer, cashier.
"While the proposed bill will cor
rect many defects in our present sys-
| tenn, 1t is certain that We do not view
with favor the investment of ten per
cent of our capital, with another ten
per cent subject to call, in federal
reserve bank, from which investment
we cannot expect to receive more than
five per cent per annum, and in addi-
ton to this carry fifteen per cent re
serve with aaid bank upon which no
interest will be paid"
Bank of Morgantown, Morgantown.
1 D. R. Richards, cashier.
at does seem to me that there are
four things that are absolutely neces-
sary to make this bill, when put into
operation successfully, they are as
follows: A-Currency ought to be
/ elastic. B-Mobility of our reserve
ca central place to discount our
assets. D-A Capitalization Of our
banking power closely connected with
the United States government. be-
lieve with the accomplishment of
these with as little machinery as pos
sible will solve our problems to a
great extent"
Clay County Bank. Clay, s. H. Nc
Lane, cashier.
I'VE think it move in the right
direction and while it may not be in
detail just what is desired, yet we
1