The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-12-30
'PL AIN CAMP A|GN
FOR RESERVE BANK
Committee OF Six to Enlist
City-Wide Support for
Movement.
BUSINESS MEN CONCUR
Club Approves Bankers Cam
paign Scheme, and Will Ap-
point Two Members to Aid.
BUSINESS MEN CONCUR

Richmond bankers TT meeting yes
terday afternoon in the Business Mems
Club, ratified II plan which provides
for the appointment of 4 committee of
six to undertake at once an active
campaign for the nomination of Rich
mond as one of the Federal reserve
cities in which will be located the
regional banks provided for by the new
currency act.
The committee OF SIX is to be conf
posed Of two bankers. TWO members
of the Business Mems Club and two
members OF the Chamber of Commerce.
The plan was later concurred in by the
Business Mems Club
y score of representative banking
men discussed the plan to secure the
appointment of Richmond as Federal
reserve city. and decided that the best
way to bring the matter prominently
to the notice OF tho Treasury Depart
ment was to organize n citywide cam
paign to that end, in which all COM
mercial bodies may participate. The
discussion was held behind closed
doors.
Adopt Resolution.
Upon the motion of President L. u.
Morris. OF the Savings Bank of Rich
mond. tho meeting elected President
q. j. Sands. OF the American National
Bank. chairman. G. A Peplc. Of the
same bank, was appointed secretary.
After two-hour discussion the meet
ing adjourned and made public the
following resolution:
AT a meeting of the banks OF the
city il was resolved that the banks Of
Richmond will cooperate with the
commercial bodies of this city 10 Sc
cure the nomination of Richmond as
the location of one of the Federal re-
serve banks, believing that its bank
Ing capital and surplus, its commercial
position. and its geographical To-
cation, and railroad facilities with all
points in the territory named, az well
as it's proximity to the great trade
centres, render it the most convenient
for those cities for the transaction of
their business.
LAS the natural point OF trade for
the South Atlantic States and portions
of Tennessee and West Virginia. Rich
mond is entitled TO serious consider
alton. 1t is The NEST important city In
finance, trade and population in the
territory named. IT is in the trend OF
trade and finance to the North and
East. and numbers now amongst it's
depositors 4 large number of the banks
in the section named"
Sands Addresses Club.
The resolution was read by Mr.,
Sands at the 5 o'clock meeting Of the
BUSINESS Men CLUB. he supplemented
it with n short statement outlining
what, In his opinion, constitutes Rich
monds peculiar claim to the privilege
of being named regional reserve
city He quoted from the annual mes
sage of Mayor Ainslie to show the
citys ranking supremacy in the middle
South as centre of finance. commerce
and manufacture
The Chamber OF Commerce will hold
meeting Of its membership at )
o'clock this afternoon to take action
OH the pending hospital controversy
1t was thought probable yesterday that
the chamber will at this meeting also
ratify the campaign for the regional
reserve bank. and concur in the plan
for the appointment of Il committee
OF six 10 carry forward the work