davidaulloa/AmericanStories huggingface dataset:
The Anderson daily intelligencer. [volume] (Anderson, S.C.) 1914-1915, 1914-10-10
WOffOrd Boys
Famine yJnudr

Coming Monday.
The task OF trying to persuade An
derson people to go out and encourage
and support the "home hopes" in an
athletic contest of any kind is monu-
mental, IL one is to judge by the base
ball record Of last summer. The foot
ball game which Is to be played next
Monday afternoon at Buena Vista park
between the Anderson High Schoo:
and the Wofford Fitting School prom
ises to be good exhibition and the
patrons of the school and parents OF
the pupils should turn out to this
game and lend the'r support end en-
couragement. The boys can hardly
hope to keep their team together l,
they do not receive any outside assist.
tauce.
The Anderson daily intelligencer. [volume] (Anderson, S.C.) 1914-1915, 1914-10-10

London. Oct eAv Aviscount Acheaon.
q lieutenant in the Cold Stream
Guards, Ia among those named IN the
list Of wounded made public tonight.
VtHcount Acheson married in 1910
Mles Mildred Carter, daughter OF John
Fidgely Garter, former first secretary
Of the American embassy ini London. \
The Anderson daily intelligencer. [volume] (Anderson, S.C.) 1914-1915, 1914-10-10
| Nay Organise
/ CHRIS Grub

nay Vr8nnISe 4,
CHRIS Club.
A letter has been received in Ar
derson from Miss Edith L. PARROT, of
Winthrop College. In charge OF the
Girls DEMONSTRATIONS Clubs for South
Carolina, In which ATiss Parrot says
that she will be glad To lend her as
siatance In the organizing Of club
In Anderson if the people OF the coun-
~ desire It. II Is highly probehle that
an effort will bc made 10 effect an
Organization OF such d club in this
county. since the ycHnE ,adies in all
ssstens are much sslssresteu. (.
The Anderson daily intelligencer. [volume] (Anderson, S.C.) 1914-1915, 1914-10-10
Special ServiceS n,
For the Children,

A special service for the children
and young people Of the Httv-Wiil BIT
held at st. Johns Metht dist chur.>
this morning at 10:30 O'clock. Mr.
Speake said last. night that his SER
mon would deal with topics easily un.
derstood and that Il would appeal to
every child. He hopes that his church
can be filled today With the children
OF the city and that every parent will
send the youngsters, from swadd!ine
clothes on up. There VIII be no SER
vice tonight.
The Anderson daily intelligencer. [volume] (Anderson, S.C.) 1914-1915, 1914-10-10
erso71a]

r ~ ~ - ON|0B
.t.s+****+%+4+a..*++4a4++4s..s.I
T. q. Cobb has gone to Washington
on short business trip.
Mrs. Louise and Miss Rosbmnry
Busch. OF Walhalla. spent yesterday
in the city with Miss Cox.
l.. E. Green of Charlotte spent part
OF yesterday in the city On business.
J. l.. Perrin OF Abbeville was among
tne visitors to spend yesterday in the
city.
rem and Miss Mary Williams OF Char
totte spent yesterday in the city.
John L. jolly Of Anderson. route 3,
spent few hours in the city yester-
day.
Mrs. Felix Boggs and Mrs. Thomas
Watkins of Pendleton were shopping
in the city yesterday.
G. G. Lott OF Greenville, engaged in
the manufacture OF Chero Cola in that
city, visited Anderson yesterday.
Al Cromer OF Townville was among
the. viitors to spend yesterday In the
city. ~
Swillen McFall, a we'll known Ander
son planter, was in the city yester-
day. ~ -
Mrs. B. Harris. Jr., Of Pendleton was
shopping in the city for few hours
yesterday. f..
Harry Sloan has returned 80 C.eri-
son college after short stay in An
derson. ;.
j. NJ. Cohen OF New York, J. ]. Doll
OF Newark. N. ]. and A. ]. Schwink OF
New York were among the jewelry
druinmers TO spend yesterday in the
city
Mrs. s. F. Shivar has returned to
clemson college after visit to Ander-
son.
M. and Mrs. A. s. Agnew Of Dom
aids spent yesterday in Anderson with
friends.
Mrs. Men Fleming OF Pelzer was
shopping In the city yesterday.
Sewer Wilson OF Lowndesville spent
part OF yesterday In the cinty on bu-
Sinoss.
L. s. Richey Of Pendleton was I'm
the city yesterday for short stay.
L. q. Martin or Hopewell section
was among the visitors to- the city
yesterday.
Edgar Kelley OF Bolton spent a few
hours In the city yesterday with
friends.
L- B. Strickland Of Bolton spent part
or yesterday in Anderson on business.
Ti.laan Brown OF Starr was among
the visitors to spend yesterday in the
city.
w. Fl. Dobbins and H. w. White of
Townville were IN the city yesterday.
Sam Richardson - u.-.-Hm ~.
was In the city yesterday for q few
hours.
Mr. and Mrs. d. e. Brooks OF PEN
dieton were shopping in the city yes.
terday.
T. s. Brewster OF Greenville was in
the city yesterday for few hours.
W. H. Yates OF Pendleton was in
Anderson yesterday for a shor. stay.
Mrs. Mamie Hall OF Williamson was
shopping in the city yesterday.
II. b. Mcclellan Of Anderson, r. r.
D., was In the city yesterday on bust
ness.
Prof. 8. NJ. Martin and three sons
have returned to Clemson college af-
ter q short visit to Anderson.
A. d. Montgomery OF the Roberts
section spent part OF yesterday in the
Rufus Bolt OF Anderson, r. r. d.
was In the city yesterday.
Joe Simpson Of Iva was in Anderson |
yesterday on business.
The Anderson daily intelligencer. [volume] (Anderson, S.C.) 1914-1915, 1914-10-10
Coming Services
On OrVil1e GharR

VUHIIuB EeFVICeB
On Oryille Charge.
There will be services ct Toxaway
Methodist church he-t Sunday morn
ing at 1880 q. m. and Sunday school
at $3.50 p. IN. There will also be preach
Ing services In, the GiucL Mill audi
torium next Sunday at D. m, while
Sunday school will take place at 10
2. M and 1880 p. m. Al the Orrvilie
Methodist church. OF which Rsv. ". +.
Belvin Is pastor. Sunday school will
take place at 10 q. m. Tho public is
cordially invited to all these services
The Anderson daily intelligencer. [volume] (Anderson, S.C.) 1914-1915, 1914-10-10
Says Anderson's
Chances Are Good

Chances Are Good. as
Il believe that Anderson has a good
chance to secure her share OF anv
money that the next session of the
General Assembly rnay approapriate
ior school purposes" said j, B. Fell
ton yesterday. MIR. Feltcn has been
TO Columbia. where he conferred with
the State superintendent OF education
on matters relative to Anderson
school and he says that Anderson viii
certainly be considered when the dis.
bursing OF funds hegins.
The Anderson daily intelligencer. [volume] (Anderson, S.C.) 1914-1915, 1914-10-10
TDl 2.

Mrs. r. c. Brownlee, Lawrence
Brownlee and ID. r. Blackwell were
among the Due West people In the
city yesterday.
The Anderson daily intelligencer. [volume] (Anderson, S.C.) 1914-1915, 1914-10-10

A. d. Montgomery OF the Roberts
section spent part OF yesterday in the
city.
The Anderson daily intelligencer. [volume] (Anderson, S.C.) 1914-1915, 1914-10-10

Rufus bolt OF Anderson, r. r.. d,
was In the city yesterday.
The Anderson daily intelligencer. [volume] (Anderson, S.C.) 1914-1915, 1914-10-10

Joe Simpson Of Iva was in Anderson
yesterday on business.
The Anderson daily intelligencer. [volume] (Anderson, S.C.) 1914-1915, 1914-10-10

Prof s. N. Martin and three sons
have returned to Clemson college af.
ter short visit to Anderson.
The Anderson daily intelligencer. [volume] (Anderson, S.C.) 1914-1915, 1914-10-10

II. b. Mcclellan Of Anderson. r. F.
D., was In the city yesterday on bust
ness.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-04-03

which grow banking transactions and
customs of trade. and trend OF COM
mcrce and exchanges, ana exchange Of
credits.
The jobbing and the manufacturing
business OF Richmond are further
practical illustrations that she is a
trading and distributing centre. Her
iobbing business is $50. 900, 900, and the
value OF her manufactures 500. 900 0O0
5.-Diversity of Industry and AsricuI-
ture.
AZ to diversity of industry and agri-
culture in the district which Richmond
could serve better than any other To-
cation, it cannot perhaps be better il
1ustratcd than by giving the annual
value of products of factories farms
forests and mines. which are the prin-
cipal divisions OF labor.
The business of the Southern States
as represented by industry in these d.
visions is as follows:
Factories ............$I 3al 900 GO o
falHhS ......-.... I,lS.OOO,o0O
Forests ........,......... -266, 00o, 900
Mines ACKNOWLEDGEMENTS. 100000 0r0
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-04-03

IDENTIFY confirmed by the learned and
experienced authorities. DR.. $. c. Nit
chell and o. p. Austin, former Chief
OF the Bureau OF Statistics of the De-
partinent OF Commerce, whose papers
have been filed with you
Finally, why Richmond can better
serve the zone mapped out than any
city in 1t. or any city in territory
north OF Richmond which might be adj
ded to the zone. and why Richmond
may therefore be entitled to the To-
cation of a Federal reserve bank.
In the entire zone mapped out Vir-
Sinia is tho dominating State imam
cially, and Richmond clearly the domi-
mating city. Since Colonial times Vir-
sinia has been the dominating State
in the South.
Richmond has played part far
ahead OF any other city in tho zone in
It's development from II banking point
OF view, an industrial point OF view
and railroad point of view.
Long ago Richmond found that in
this zone she had preferential freight
rate territory. and that In this terri
tory the cities north of her could not
compete on equal terms with Rich
mond. This preferential territory ex-
tends through the zone described to
! southern Georgia and Alabama ana
the eastern State line OF Mississippi
II does not embrace the State OF
fIorlda, because Of water competitions
The territory is more graphically por-
traycd on the map which accompanies
me trade relations OF Richmond In
TINS territory, out of which spring
banking relations and settlements, must
continue to grow and more and more
exclude cities north OF Richmond
The average hrst-class rate in the
territory gives Richmond an advantage
over-we will say Baltimore, by way
or Illustration, that being the next
large city of commercial Importance
north of Richmond--gives Richmond
an advantage of IL 2-1O cents per 100
pounds, or approximately IS per cent
This relative proportion In favor OF
, Richmond applies to all class and com
monty rates, and In some instances il
Is greater in favor OF Richmond.
For full details wa refer to the
statement of Mr.. w. r. Reed. president
or the Richmond Chamber of Com
merce. which statement accompanies.
Commercial supremacy In this terri
tory must go hand in hand with bank
ing supremacy particularly under a
natural and free system of banking.
Granting tho selection of this terri
tory, or any large part OF 1t as n zone
tho advantage OF Richmond In point
OF time and distance in dealing with
tho members OF the zone Is so great
as to exclude any city north OF her
| from consideration; and the equal ad-
vantage OF Richmond as a clearing
point between zones. for the same rea-
sons, would likewise exclude any
Northern city.
1t is firmly TO be borne In mind, as
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-04-03

Total probable resources $40, 000, 600
OmittinS from consideration the
note issuing powers OF the bank, the
resources would serve as q basis for
tho expansion of credit In the usual
way to possibly s70.o00.000.
1t Is considered by many that the
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-04-03

as the proper location of their Federal
reserve bank.
In West Virginia, In the southern
half OF the state, fortyninc banks
have selected Richmond as first choice
and twenty six as second.
Richmond has been designated as the
preferred location by firms and indi-
viduals outside of Richmond. as fol-
lows:
Virginia .Os3
North Carolina ..f............... $40
South Carolina ................. I41
We are, therefore, fully justified in
the statement that there is a very
strong feeling in Virginia, North Car
DINA and South Carolina that they
must be Included together in any zone
which may he formed, and that what
ever territory may be incorporated in
their zone. II Federal reserve bank To-
Gated in Richmond would servo their
interests better than il located in any
other city.
The interests OF these three States
arc too closely interviewer to be sepa-
rated.
III any further confederation can
possibly be desired by the committee
we respectfully refer 10 the sentiments
expressed by North Carolina, South
Carolina and also by West Virginia
bankers at the hearing given Rich
mond III Washington on January Is,
and 10 the exhibit OF resolutions. pc
ttionS, letters and kilograms accom-
panying this brief.
We respectfully submit that COM
piiance with the letter and intent OF
the law. which declares that the Fed
eral reserve districts shall be deter
mined with due regard TO the con-
Venience and customary course of bust
ness, would demand that these three
states shall be kept together in one
district. so that their mutual trade and
financial relations may not BIO disrupt
ed or disturbed.
The district we have outlined is the
most perfect geographical division OF
the country that can be carved out
sharply defining If. We believe 1t is
an equally perfect economic unit 1t
is Il political division equally sharply
defined,
The inhabitants are more homogene-
Gus than in any other division or part
OF the United states. All of these con-
slderatonS have a practical bearing
Our crops and the credits based upon
them are distinctive. and the manage.
ment Of the regional bank should bear
tho closest relation to. and have the
closest Familiarity with. the needs and
customs of the district. For this rea-
son. as we'll as for all the foregoing
reasons, whatever territory may be adj :
dcd to this zone. the headquarters of
any bank organized to serve tho zone.
or any large part OF it. should not be
located north of Richmond
This position and all OF these con-
clusions arc separately and indepen-
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-04-03

we understand, that the purpose or
the Federal reserve act is to afford ad.
ditional banking facilities to the peoA
pie, and that Federal reserve banks
shall be SO placed as to best servo tho
people with reference to the operation
OF the system as whole. Should Fed
eral banks be placed in the three
great cities of the East which we have
named, that fact in itself we believe.
would Justly exclude from considera-
ton the location OF headquarters Of
another bank in any city north oc
Richmond
They not intended to be local,
and for that reason branches are pro.
vided, and due consideration IS not gem
orally given To the power and facilities
OF these branches.
IL goes without saying that this zone
mapped out VIII be provided with these
additional facilities, superior to any
which they have heretofore enjoyed
by the location OF a bank in Richmond,
| that branch banks will answer local
needs. and that the zone will be moro
independent of the financial considera-
tons which have bound 1t TO large
monye centres in the East; and this
| too was intended and can best be
| brought about by the location OF q
bank within the region described as
Il natural division OF country.
Is there any man who doubts that,
IT state lines were obliterated and the
country apportioned in these geograph-
ical divisions. Richmond would by ac-
claim be chosen the capital OF this di.
vision?
Although resting our claims upon
the financial strength and the econom- :.
les OF the situation. we have also those
conSider2tfon i'll our favor which ara
most powerful in molding the char.
acter and ideals OF nation
(Int,
lions OF the South which no other city
possesses.
She has place in the annals OF tho
nation and the world. which is imper.
ishable.
The debt of the nation to Virginia Is
ltneXting Unstable.
1t Is difficult to see how this republic
could have been formed but for Vir.
ginia,
Richmond has that dignity of stand
ing. that atmosphere of sentiment and
history, that position IN science mad
learning which render her worthy 6f
any honor OF distinction that can be
bestowed upon her. and the Intelligent
Judgment of tho whole country having N
n knowledge or these considerations
would approve the location Of Fed
eral reserve bank In Richmond IS
The names OF Virginians Will be as..
ISOLATED for all time in the financial
history OF this country with the Fed.
eral reserve act. t@
All OF these considerations pra.eHf- 4;
nently distinguish Richmond np tho Ia. -
| cation OF Federal. reserve bank. ga
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-04-03

credit business Of these banks will far
overshadow the note issue business.
and we share that view.
Now the banking power OF these
banks is not TO be measured solely by
capital resources, but by their ability
to acquire gold and TO build UP de-
posits and loans in the usual way upon
their reserves as 81 base. and also by
their note issue power upon this base
II IS estimated that the floating sup
ply of gold or its representative in
this country not in banks is approx
inately s0o,000,000. doing duty as
currency, or boarded.
Ii is certainly not performing it's
greatest economic function as cur
rency.
In Federal reserve banks it would
serve as the basis for two and one
half times its volume in a safe and
sound currency. and it is clear that
here is q large source OF gold supply.
II is probable that with stable bank
ing conditions, as one beneficial result
of the act gold will to IA large extent
cease TO be boarded. and gradually
come from hiding.
The total amount OF borrowings and
rediscounts OF all the Southern States,
excluding Texas. was. on October 81,
1918 about Sio.0000O0, and OF the
States named $25.OO0,00O.
1t is clear that the resources of a
Federal reserve bank in the district
mapped out would be entirely ade-
quatc to serve the district
Furthermore. 1t is to be borne in
mind that the reserve figured upon is
the minimum reserve; and If the banks
mako any. use whatever of the Fed
eral banks they will be compelled to
keep more of their reserve with them.
The area covered would be about
100000 square miles and the popula-
ton about 100000.
I7.-Wishes and Views of the Bank.
and People I'm the District and Their
Present Hawking Connections.
banks, 404 have voted for Richmond
as first choice.
In North Carolina, out of a total of
1856 banks. 1873 have voted for Rich
mond as first choice and sixty-nine as
second choice.
In South Carolina, out of a total of
400 banks cighty-two have voted for
Richmond as first choice and 122 as
second choice, Columbia being, OF
course. first choice; only eighteen OF
the remaining banks in South Caro-
lima voted, and these were scattered
The capital and deposits of the
South Carolina banks voting first for
Richmond were greater than those yot-
ing first for their own city--Columbia.
So that, out of a total OF 1928 banks
In three States OF the number voting,
500 gave Richmond as first choice and
191 gave Richmond as second choice
Eliminating Charlotte and Column
bfa, 1852 banks out of q total of 1898
In the three States regard Richmond
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-04-03

however was sent TO Kentucky and
West Virginia
OF the total collections OF internal
revenue by the government from to-
bacco in its various forms for the year
1872 20 per cent was collected from
territory within radius OF eight hours
from Richmond
AS 10 diversity OF crops OF the dis
trict. in their effect upon the demands
Tor credit and currency. Richmond be-
ing situated nj the northern limit of
the district, occupies this tncontestible
advantage as Federal reserve bank
location The climatic differences of
the southern states in their effect upon
crop development come in orderly ro-
tation up 10 Virginia. The demands
upon the Federal reserve bank of Rich
mond would be uniform and contiru-
GUS
The peak OF the load would doubt
less be In the fall, but that would be
the case everywhere else, and it is the
purpose OF the new law TO provide for
1t.
Added to her advantages for assem-
bling and manufacturing the products
OF industry, her facilities for distritu-
ton heretofore described are positive
ly unsurpassed by any other Southern
city.
We will give you a very recent con-
One OF the very large corporations
of this country, with headquarters at
st. Louis, has just selected Richmond
as one of two depots on the Atlantic
Scaboard most advantageously located
for the storage and distribution of its
products, New York being the other
point.
Richmond is a reserve centre Of
products.
6.-CnpftaI Resources of the District.
AS to the confines and capital re-
sources Of the district of which Rich
mond is the logical and most advanta-
Scous location for a Federal reserve
bank:
The rules laid down by the organiza-
ton committee for their guidance are
SO Just ana wise that all men must
acHuiesce in and approve them.
Under the language of the law and
the spirit and purpose OF the act, we
believe that the natural territory of q
district, considering geographical con-
Venience, natural boundaries. ease and
quickness of communication and trans
portation. as great diversity OF indus
try and agriculture as may be found
anywhere. natural trend of business
and exchanges, the banking customs
and trade relations OF a majority por-
ton of the territory, the desires of n
majority portion OF the people, is en-
braced in the zone mapped out to be
served by n Federal bank located in
Richmond, namely:
Virginia,
North Carolina,
South Carolina.
Georgia,
Florida,
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-04-03
Southern part OF West Virginia,
Part of Eastern Tennessee,
Part of Eastern Kentucky

Southern part of West Virginia,
Part of Eastern Tennessee,
Part Of Eastern kentucky.
These states have adequate national
bank resources to contribute the neces-
sary capital and reserves for a region
al bank.
They also nave n strong system Of
state banks, which would add large
~ TO resources should these banks elect
to enter the system. which possibly
may not be counted upon in time for
organization OF the Federal banks
National banking capital in the pro-
posed district, according 10 the Comp
troliers ngurcs October q, 1918:
Capital Subscribed
and for reserve
Surplus bank
Virginia .... 500. 100000 Sl,75S, 900
North Carolina 1l,300,000 61S, 900
South Carolina :. 100000 $4,000
Georgia 22,9Oo,00o 1874. 900
fiorldit .......,. lO,GOO,000 $50,
West Virginia, one
half ......... 100000 ioS. 900
East tennessee 100000 l9S, 900
East Kentucky 100000 $1,000
sl00,5O0, 900 5000. 900
The total capital and surplus Of the
State banks in the States named. in
GLIDING onchalf OF West Virginia,
oiHitlihS lor the moment those por-
tons of Kentucky and Tennessee in
cluded in the zone. is s6S. 100000.
Now as 10 the net deposits requiring
reserves:
Net Deposits
Virginia :...............S1 800. 100, 900
North Carolina ........ 10000. 900
South Carolina .......... $4,000. 900
Georgia 10000 000
Florida $4,000, 900
West Nirsina-say one
half observation-disclosures. $4,000, 900
Total net deposits .s271 ,OOo. 900
not taking into account the portions
OF Tennessee and Kentucky. included
in the district, for lack Of Comptrou.
er's figures
Classifying these as country banks.
the amount of reserve required to be
kept I'm the Federal reserve bank. un-
der full operation of the act would
be
say per cent, or. $4,000. 600
Government deposits divided
In proportion to the cap
ital involved would prob
ably be, say per cent,
or ACKNOWLEDGEMENTS. 5000, 900
State banks might swell the
amount. say 2,G00, 600
Full paid capital 5000, 00o
Total probable resources $40, 00O, 900
Omitting from consideration the
note issuing powers Of the bank, the
resources would serve as a basis for
tho expansion of credit In the usual
way to possibly $40. 100000.
1t Is considered by many that the