The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-12-30
LAY BEFORE N AD0O
R|CHM0NO'S CLAIM
FOR REGIONAL BANK
Bankers, Merchants. Travellers
Unite to Press Campaign to
Prove This City is Best
Location for 1t.
Committee of Two Will be
Named from Bankers, Busi-
ness Mems Club and Cham
Der of Commerce. +. P. A.
viii Take Action Tonight.

The ffrst step In the campaign which
In to be waged by the bankers the
members OF the Business Mems club.
the cham Der OF commerce and members
of Post A. T. r. A. to secure for Rich
mond, one OF the regional banks TO be
established by the federal government
was taken yesterday afternoon. when
the two former organizations held
meetings at the rooms OF the Business
Mems club, In the American National
Bank building.
This promises to be n bitter fight
among many cities and. although Rich
mond lis late In entering. from the en-
thusiasm shown at yesterdays meet
ings II Ia safe 10 say that nothing
will be left undone by her citizens
bankers merchants and others 10 Sc
cure for her this concession, which
not only means recognition FOR her
from the rest OF the world. as the prsn-
ciple city OF the South. a great boom
for her materially. as an Industrial city
and Il financial center.
Il. r.. A. 10 Tnkc II Up.
The members of Post A. r, e. A.. are
not going tn he ouselassed when it
come to showing civic spirit, and they
are to hold a meeting tonight 81 which
they will also take UT this question
They have promised the bankers and
merchants of the city their hearty sup
port and their slogan on the road Is 10
be- Richmond or Bust.
The general public ard all travelling
men. whether or not they are members
iha- azanciatian-- -enxdialla- 4nYttad
to attend the meeting tonight
The meeting of the bankers, which
was attended by representatives from
ali OF the banks OF the city that are
eligible to become reserve bank. an
DIR the terms of the currency system,
WAS called at asaA by Oliver j. sands
president of the American National
Rank, who was elected chairman. be-
Ing nominated by l.. r.. Morris. pres
ident of the Savings Bank of Rich
rnond
Charles A. Pepie. vice president Of
the Central National Rank, was elected
secretary and after a discussion which
consumed more than an hour ana q
half. the following resolutions We're
drawn up
< Resolutions Adopted.
"naselyed that the banks Of Rich a
mond cooperate with the commercial
bodies Of this city to secure the nom
inatton Of Richmond rs the location
of one OF the federal reserve banks,
believing that its banking capital and
surplus it# geographical location and
railroad facilities with AL points int the
territory named, as we'll as its proN
unity TO the great trade center. rem
ders IL the most convenient fer those
cities for the transaction Of their bus
tness.
AS the natural point af trade for the
South Atlantic States ana portions of
Tennessee and West Virginia 1T il
entitled TO such consideration. II IL
the most important city In finance,
trade and population in the territory
named. II is in the trend OF trade
and nnance TO the North ana East and
numbers now among its depositors "a
large number Of the banks in the see
tions named"
Russne.. Men Endersc 1t.
Al the conclusion OF their meeting.
most Of the bankers adjourned to the
meeting Of the membership Of the Bus
mess Mems club. which was then In
session. with Alvin smith president OF
the club. in the chair. Mr., Sands. who
Was called upon to address the mett
Ing OF the Business Mems club. stated
that he had just come from a meeting
OF all of the bankers of Richmond.
He said that they, after considering the
requisites which city would need 20
be considered by the organization COM
mission of the federal reserve board.
had decided that Richmond was elfgi-
BILE and that they were going into the
night with the intention OF winning.
Mr. Sands then read the resolution
given above. which were heartily en-
doreed
A resolution offered by J. F. Walsh
to the effect that the president of the
business Mems club appoint a com
mittee of two 10 operate with a like
committee from the banks and the
chamber OF commerce in their efforts
to secure the said bank for Richmond
was unanimously accepted.
There were more than Ice Of Rich
monds most prominent business and
professional men present.