The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1913-09-15
CONGRESSMAN SUTHERLAND Sc.
CURES VIEWS FROM ALL SEC
TiONS OF STATE.
Criticized end stiii oshsrs Are
In Doubtful Clasa
10y Charles Brooks Smith

WASHINGTON. Sept. l4.-Con.
gresham Sutherland. who has taken
the greatest interest in currency legis-
lation and who has made a study OF
Il ever since II was known that II
would Be considered at the present
special session. is prepared TO take
part IN the consideration OF the Ad-
ministration's bill. He has been
helped in his preparations by the
Bankers Of West Virginia. From
them has has received many sugges-
tons. which will be embodied in the
speech lie intends making and the
amendments he proposes to offer.
He has received many letters from
West Virginia Bankers dealing with
the pending bill. How some OF them
view u may be seen from the follow
ing epitome OF a batch OF these let
tiers:
The First National Bank. Elm
Grove. Charles c. Woods. Cashier:
Bill 10 Objectionable because il re-
quires reserves TO be kept with Fed
eral Reserve Bank without interest:
also the 5 per cent circulation will
not count as reserve which is equiv
alent TO increasing the reserve re-
quired"
Peoples National Bank. Rowles-
burg II. r. Hollis. Vice-Pres.:
1T Is unfair to be compelled TO
purchase Government Bonds. above
the investment market value. entail
ing loss TO the banks. think the
present National Bank Act n good
one"
The Union National Bank. Clarks-
burg. =. NJ. Robinson. VicePres.:
II have no well convinced opinion.
but the main thing desired by country
bankers IL some way 10 turn some OF
their assets into cash when a special
need arises. that is. protection OF re-
serves and a generous facility for
re-discount"
The city Bank OF Wheeling. Wheel.
ing Robert G. Dalzell. cashier:
The needs OF the country require
currency measure adapted. in OPP
Grafton. 10 American Conditions-nO
bill framed by theorists or by scio-
lists will stand the test OF use. Men
or Judgment which IL grown in eX-
perience-are the counselors whose
suggestions should determine.
Bank OF the Ohio Valley. Wheeling
]. H. Mcdonald. Cashier:
1t IL difficult To- analyze the bill
thoroughly. Eliminate politics from
the Federal Reserve Board and have
representative men, thoroughly vera
ed in banking and financial conditions
appointed on same. Legislation on
such an important subject should be
most deliberate"
kausvha Banking & Trust company.
CHARLESTON. +. NJ. Staunton. preSiden;::
1t Is utterly impossible Tor people
who have not given their time and at
fsntiou - finances to at with tie same
degree OF Intelligence on "a board 81 this
klud. a. people who haN" given the best
ears Of their life 70 .tuGyInE finance "
Tho National Bank ~ Davis. Davis. -.
j.. smith. cashier.
As We understand tac pending b!li
& would cause marked de, retsc IN TIE
earnings e. tuis bank. with not ing C."
Offset tie loss. We woGld h, cofuf.yIlcd
q" deposit without interes; part of our
surplus. also exchange cndrge- are for
bi1fr'. our exchange last year was
about q. per cent 81 our net earuiuG ..
|ur'n valley Bank. Logan. y. Car,
In Do. Judgment. H.. bill l- - main.
' e good one. II h. apparently a. little
..ard % ne hanks. Tut A. IN prime oil
,drrcu"y AMI avoid pdHiCs pts asloaed g.,
financial sfriugency. tho hank { take - .
."t t1'tf Q" sacrifice S"ur'H ~ &" t''s
tr.ra savings Bank & Trust eco. if.i-
tiugfut. y - Taoruas. cashier.
FtFc per 'ett lim't- ~ tie way o.:
as td"rds nu ti' ten per cent ~ their
capital which they are canpclIc, 20 ir-
vest iu thc regional hsuI stock tr Tot e
squsr Ieai. and the ta,t that the extra
front. II there should loo any. goes into
t.e Eos eminent trsasurs. ought 20 Ie
'n"IEH 90 HanI.cap the hiI .; tie
Tie Pa VALLEY Hani.. walton W. e..
~ &c hiil can be- made acceptable 50
ihe National banks. 20 tnat trey VII
remain 10 the uatlonsl svEtem. I have 10
doubt ~ viii be ~ vast herert 20 the
country. and / am heartily IN favor - it,
pHs-ae". The attitude ~ the Sew York
hanks who strongly oppose 10. can hard
l[ To-" taken - 'orrcrf. Tor t.ey are not
aIyavs moved IS Altruic purposes
The Naiionai CITY Bank. Charleston.
"tr to matter 81 t.e dls-o. .ti.r e.
Go 'arnings % the Federal Reserve bank
{ e-ge, ially beg 20 ask that ina much go
all 81 the capital stock ~ tn. proposed
hRnk - we'll az al - its deposits. WHY
should they not a. least receive a far
proportion Of tie earnings
TIE FIRST National Baua. Iilnt.nRt0f.
Robert 7. Archer. cashier
~ ndef tho proposed b.lis faer, are
granted o. fhie board fNs most extensive
ahd ftr-reacAiHg powers ever gisen %
any man or set 81 men 900 mis- 1r ans
other country. n that be rue c,ef5
pre- 1ufior SHOULD DO taken ts l4t. ne
members " this board loo men 81 etr q
integrity IN who's svrsrferrs wisdom
snd actions the business men and bank.
'r7 - fHe country ma rrr0qe absolute
surflfH.r
tirst National UanE. GRAFTON % I,-.
Fleming. Csshier
This iill ia 4o I'm a. faults. co view.
81 from q NafioUal banker standpoint.
ttat So virtues. ~ arr. tlv eraf,rir o.
diHrert - WI. taf b. a. I turt.Hr or .o...
nat fat fIti~ sHrrorl f..H .a r.U fa
their excise f.vfs. should Itr a.r..s,..
over a.l above .u. other corporate l.oH.
2" f1r Gle E'tcruweuf debt. ws srr 1000.
able 90 uriersftrd rh. .fH.tfnide..
iu ffe frprnret luta vll Ia tefH for
double I1hilIft. while fIe Hn.srrr.sf.f
eNef"tsr. fnll control. rsars All Tie lsr..
fif. aIH araauf. mo- liability whafevsr
ftfaf National Rank g Northfof.
N"rfhfsrk. g. r. Tieffsuderfer. Cashier
ranf detects iu our present e. stem. 30 fa
certain that W. a. not y.eu ,tr, res..'
ffr 'Ivfafuruf OF fH for cent o. n.fr .4f.
rai with another n per cent subject Col
Dsll iu Federal Neserte Lana from
which investment 80 cannot errrrt fo|
receive more than o. per cont rer arrtrr
trd iN addition Co. fhia rarrt g. Ter .erf
r~-erfr vifh .aiI Na.I urur which ~
interest VII BE- paid
b.rk % MurEartovn Moreaatovn .,
r. richards Cashier
10 docs SEEM Co. fre ffaf fIrre .-.
fo.r fhIf g. that arc abaofutrt. re.s..
.arv fu make this bfif When f,t frf.|
Nfernf IuH uurrHnflf tie - - f..fr....