Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1914-05-19
SELECT DIRECTORS.
Fifth District Reserve Bank is Org;
annized at Richmond.

Richmond, Va, May 19.-Nearly 23o
bankers. among them some OF the
most prominent financiers OF Wash
jngton, representing the 476 banks IN
The 5th district, met here yesterday
and organized the Richmond RESERVE
bank. ~ r.
The incorporators were "iiiiam
Ingle. vice president, and John 3. n.
Dunn, cashier Of the Merchants Me
chanics' Bank, Of Baltimore; John ..
seibels, vice-president, and J. Pope
Matthews. cashier Of the Palmetto
National Bank, of Columbia, S. {; II
c. Mcqueen. president, and Charles
s. Granger, cashier, Of the Murchi-
son National Bank, Of Wilmington, n.
c.: William A. McCorkle, president,
and J. \. Carnes, cashier, of the Citi-
zens' National Bank, Of Charleston.
W. Va, and Fl. S. Trout, president
and J. Tyler Meadows, cashier of
the First National Bank, Of Roanoke,
Va.
Later the following men were rec
commended for election as directors Of
the Richmond Reserve Bank:
Group one, Class A-Waldo New
conner, president of the National EX-
change Bank Of Baltimore.
Group one, Class B-George j Seay.
Richmond, business man.
Group two, Glass A-Col. J. F. Bru-
ton, president Of the National Bank
of Wilson, n. c.
Group two, Class BID. R. Cork
en-, merchant and farmer Of Harris
vile, S. c
Group three, Class A-Edwin Mann,
president of the First National Bank
of Blueficid w. Va.
Group three, Class B-James F.
Oyster, wholesale produce merchant,
WASHINGTON, D. c.
A division Of the banks in each re-
serve district, under direction of the
federal act, places 100 banks in group
one, comprising all banks, each pos
sessing an aggregate capital and sur
plus. Of $4,000 and over. Group
two has 1873 banks each, with a COM
bincd capital and surplus less than
$4,000 and more than 100000. The
same number is contained in group
three, which inclules all banks pos
scssing an aggregate capital and sur
plus Of $GG,006 and less.
The arbitrary division into groups
according to capitalization takes no
account OF geographical lines. IF it
were desirable to have more than one
director from the same locality, it was
felt that they should be elected as the
result OF some misunderstanding and
not by accident.
The men elected consist of three
bankers known as class a directors
and three representatives Of the COM
mercial, agricultural. or other in,us-
trial interests. to be known as Class
3. directors. Now the Federal reserve
board will appoint three Class C..
rcctorS, who must not even be stock
holders of bank. and one Of tn
will be designated as chairman.
Registration figures for the Fifth
Federal Reserve District convention
at the Jefferson Hotel yesterday show
that 20I accre tied delegates were in
attendance. In 4 large number of
cases delegates were authorized to
represent one or more banks besides
the institutions with which they were
themselves associated The convention
represented majority of the 47G
banks of the Fifth District.
Among the official list of delegates
were the following:
.Alexam' ria-AleXandria National
roll Pierce.
Observation-Disclosures National,
c e. Nicol.
Alexandria-First National, George
Z. Warfield.
Body Is Found in Woods.
Lynchburg, Va, May 19-At Albert,
Be ford county, on Sunday, the badly
dccomposed body OF an unknown
white man was found in secluded
woo&S. the man apparently having
been dead two months. His collar
bore the initials Of W. NJ. c., but
there are no other means of identiti-
cation. excepting a lot Of Sunday
school literature and religious tracts,
which had been found scattered over
the woods. This, it is thought, tents
to show the man was cClporteur.
The county authorities are investicat