The Birmingham age-herald., 1914-04-11

leans. The whole state protested against being related to New Orleans
 The banks of Alabama generally de- sired to he connected either with Bir- mingham or Atlanta only three express ing first choice for New Orleans The ed with Atlanta. none expressing a first or second choice for New Orleans They represented that II would do violence to them to be connected with a city to the west and claimed that their relations were mainly with Atlanta or cities to the northeast Of A banks in Florida. 10 gave Atlanta as their first choice. Only five expressed a first preference for New Orleans and these were in the western corner. No bank in Tennessee expressed first or second choice for New Orleans, while seven expressed d ii choice for Atlanta, II a second choice and 1S third choice.
 Generally speaking, the only banks desiring to be connected with New orleans and expressed A first prefer enee for her were 25 Of tho 26 banks reporting in Louisiana and i9 of the Sz in Mississippi A poll was made from the comptroller's office of all banks expressing their preference as to lo- cation of federal reserve city. 114 expressing preference for Atlanta 2S2 for Dallas and only 5s foe New orleans.
 
 ported by Chambers of Commerce, and other business organizations and by many business men.
 Tt will thus be seen thu. If the com mittee was to give weight to the views Of business men and bankers in the section of the country affected, to con- slider the opposition of. the states of Texas, Alabama, Georgia. Florida and Tennessee and to be guided by economic considerations. it could not have des- i9nated New Orleans as the location for reserve bank to serve either the west ern or the eastern part of the district che city asked for The course of busi- ness is not from the Atlantic seaboard toward New Orleans nor largely from the state of Texas to that city. and if Dallas and Atlanta had been related to New Orleans better grounded com plaint could and would have been lodged by them against the committees decision than that made by New or leans.
 Some of the banking statistics which the committee had to consider throw light on the problem It should be borne in mind that the committee could consider primarily only the statistics with reference to assenting banks. In this section of the country. as in most others. the assenting banks were the national banks.
 III MdTtis lSIN. iIt tdpildi Siotk UDu surplus. loans and discounts and indi- vidual deposits of the national banks in the three cities named as shown by the sworn reports to the comptroller of tho currency were as follows:
 Atlanta-capital and surplus, Ss.600. 900; loans and discounts, S26,30S,000 1; individual deposits. s2I.42S.000.
 Dallas-Capital and surplus. Sb.900, 00o loans and discounts, s1S.62e. 900; individual deposits, sis,551,o0o
 New Orleans-Capital and surplus. s6,1S0,000; loans and discounts s17, S25,00o individual deposits. sl6.S57,- 000
 Even more significant are the sta tisties of growth from September. 190i. to March, 1914:
 Capital and surplus:
 "Atlanta-Septemher 1901, $2.4f0. 000 , March, 1914. ss.60o,ooo percentage of increase. 256.
 "Dallas-Septembe 1so4, s2,675,oOO: March, 1914. s5,9oo.ooo; percentage of increase. l20.
 New Orleans--Septembe 1901. s6.- 250,oOo March. 1914. $6,73o,0o0; per centage of increase, 8.
 Loans and discounts:
 "Atlsnta-September 1901, S1o.32a- 900: March, 1914, se6.0SS, 900, percentage of increase, 102.
 "Dallas-September 1904, $S.653. 900 1. March, 1914. s1s,622,000; percentage Of increase, 143.
 'New Orleans--Septembe 1904, $20. - 0ss,000 March. 1914, s17.S25.00o; per centage of decrease. IS.
 individual deposits:
 "Atlanta-Septembe 1901. s9,9S1. .0OO ; March, 1914, s23,34S,oOo; percentage of increase, 1d5.
 Dallas - September. 1904. s1653, 900: March. 1914, sls.55l,o 900; percentage of increase, 159.
 "New Orleans--September 1904. s19- 425.000; March. 1914. S16,S57 900; per oentage of decrease, f3
 "'rhe loans and discounts in the na- tional banks of New Orleans at the time of the report. March 1. 1914, were less than those of the national banks of either Atlanta or Dallas
 While the capital and surplus of the national banks of Georgia largely eX- peoted the combined capital and sur