Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1914-11-16
OPENING OF BANK CROWNS
COOPERATIVE CAMPAIGN
Team Work Developed in Fight
Shows Potential Strength
OF Richmond.
CREDIT is DUE TO MANY MEN
Idea Originating With Governor
Mann Was Strongly Pushed by
Oliver J. Sands and Vigorous Com
mittccs OF Many Organizations.


The opening of the Richmond Re-
serve Bank this morning will crown
with the ultimate garland OF victory
81 &C operative can:pnign for the dcsig-
nation OF Richmond rs the seat OF
one OF the Federal reserve banks,
which began in tho dead of winter
last December and was prosecuted with
Nigor until the Organization Commit
tee, on April =. included the name of
this city In the fortunate twelve.
From the standpoint OF teamwork
and enthusiasm, the campaign for the
reserve bank was unique In Rich
aionds history. No element of the
city's life, Industrial social. or pro-
fessional, was without representation
IN tho big machine. which. Mt tho he
ginning of this year. undertook the
Eiant task of corrclatinE and reducing
TO a compelling brief the city's claim
TO reserve bank preference in compc-
Triton with n half a hundred other
American cities of ranking Importance
ALI LINES OF IsNDEAvOR
JOINED IN CAMPAIGN
Before the campaign was over com
mittccs TO aid in the work had been
appointed by the General Assembly OF
Ntrginia, the city Council, the Rich
nopd Clearing House, Chamber of
Commerce. Business Mems Club Post
A. Travellers Protective Association.
Richmond branch United Commercial
Travellers, Retail Merchants Associa-
ton, Real Estate Exchange. Associa-
ton of Credit Men, Tobacco Exchange
rotary Club, Bar Association. Minis
tcrial Union. and numerous other or
CARNATIONS Of more restricted scope
On December ., 1913, AGovcrnor Will
liam Hodges Mann addressed letter to
Oliver j. Sands, president OF tho Amer
lean National Bank, calling attention
hN fac hat t1,n
Federal government was about TO cs-
tablish under the new currency law
from eight to twelve Federal reserve
banks, to serve territory to be dis
tricted by committee composed of
INC Secretary Of the Treasury, tho
Secretary OF Agriculture. and tho
Comptroller of the Currency.
SANDS TAKES MATTER
Ut WITH BANKERS
Mr. Sands took the matter UP with
the members Of tho Richmond Clear
inS-House. The chairman OF that
body did not consider it worth while to
take the matter up formally. and four
out OF the six banks In the clearing
house thought II would be useless to
work for. n bank for Richmond Mr..
Sands. on December 24 called a meet
ing for December 30 or all the banks
and trust companies of Richmond TO
consider this question with him. at the
business Mems Club and ALI agreed.
\ ]
should he pushed and tho clearing
house banks became most earnest and
enthusiastic, and contributed large
sums to'hclp the movement
RESOLUTIONS were passed asking other
organizations OF the city to Endorse
this movement and appoint committees
to cooperate with them in their CT
forts to bring about tho establishment
OF Federal reserve bank in Richmond.
Mr. Sands that day appeared before n
meeting - I'M
that. organization heartily ihdorscdithe'
movement as a body, and passed rcso-
lntions, which were forwarded to
Washington. and appointed tho fol-
lowing committee: Captain John Land
street and ID. G. Whitehead. Mr. Sands
also appeared the same day before the
Itichnlond Chamber of Commerce and
the: travellers Protective Association
which organization passed suitable
resolutions and appointed committees.
ORGANIZATIONS REI,REssNTEn
t At INITIAL. MEETING;
The FIRST meeting OF the Joint or
SaniIationS Was called on December
III in the Business Mems Club, and
the following organizations were rep
resented by their respective commit
tees
Business Mems Club Captain John
Landstreet, II. q. Whitehead
Chamber OF Commcrcc--E c. Laird.
t;dmnnd S'rndwick, S, Dabney Crcn-
Travellers Protective Assoeia,,on.:'
Clarence Coleman. " H. Randolph.
The City of Richmond--R Lee Pc
ters, ". II. Adams
Temporary Committee Representing
Banks-Oliver j. Sands, John Kerr
Branch
The meeting also included the fol-
rowing who had been invited to confer
with the committees: u. A. Saunders.
~, IT. T.. i.itchford, Thomas r. Me-
y .plys
Narford. Jr.
o, j. Sands was elected as temporary
chairman G. T.. Walford. .Ir, tenn
P"rarE secretary, and Clarence Cole
nittec
AT this meeting all OF the. orraniza-
Ions in the city OF Richmond were re-
Huested TO appoint similar committees.
ana III answer 10 this REQUEST tho 10, .
.o"p'S committees wtrc appointed by
tnc respective organizations, which
composed the general committee know n
AS committee on locating the Federal
reserve Bank in Richmond:
executive & o IN IN I G e--Olivcr !.
sands. chairman: Il. l.. Bemiss. Edmund
Strudwick John Landstrcct. H. m
Randolph. John Kerr Branch. H. Lee
Pcters. Alvin NJ. Smith. George j. Seay.
George G. Gregory, executive secretary:
Z. J.. Waiford. Jr., recording secretary.
o''Ht Kerr I.ranCl,
chairman: George G. Gregory. executive
secretary: G. l.. Walford, Jr treasurer.
Banks--O. j. Sands, John Kerr
Branch. James y. Boyd, L. l.. Bemlss
j. Il. Purcell
Retail Merchants Association-W S.
Rhoads, I. IT. Kaufman
United Commercial Travelers-W. t.
Shepherd, Olsen Hope
Real Estate Exchanged. H. Fun
stem, John G. Easley.
Credit Mems Association--Leon Wal
lerstein. John c. Freeman
Rotary Ciub-John Bagby, H. w.
Rountrec
Tobacco Exchango-John NJ. Taylor,
Will L. Hazell.
MANY PROMINENT MEN
AIDED IN MOVEMENT
AS the work progressed various
members were added to the joint com !.
mittee as follows: W. T. Dabney Con :
gressman a. j. Montague. j. c. Walker