Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-07-10
e, L. JOHNSON HAS FiFTY.TWo
BANKS VOTING FOR
HIM.
INDIANAPOLIS BANKER NEXT
FOR RESERVE BOARD PLACE
Danger 10 That Second Choice Votes
Cast by Iowa Banks May Defeat Wa
terloo Man-Two Banks in illinois
and One in Wisconsin Voting For
lowa's Candidate.

Des Moines, July 10.--Iowa bankers
in group are confident that Iowa is
sure of at least one place on the direc-
tory board of the Federal Reserve
Bank of Chicago. They base their be-
lief on the official list of candidates
which-they have just received from
the organization committee acting as
chairman OF the federal reserve board.
This ISIS hows what banks nomi-
mated each candidate.
z. l.. Johnson, of Waterloo, presi-
dent OF the First National Bank of
Waverly, was nominated by tifty-two
banks. Two of these were in Illinois,
one in Wisconsin and the rest in Iowa.
Stoughton A. Fletcher president of the
l. le,cher- American National Bank of
Indianapolis, was second with thirty
one votes, and j. G. Rounds. president
of the Citizens National Bank of Des
Moines, came third with twenty votes.
George NJ Reynolds, of Chicago. also
received twenty votes, but he is a can
didate in group and the votes he re-
johnson Was Choice.
Mr.. Johnson, who was selected by a
preliminary ballot few weeks ago as
Iowa's candidate with the understand
ing that all the banks in Iowa would
back him, is we'll in the lead in the
primary Group 3 bankers point out
that il all the Iowa banks vote for him
his election should be cel tain. Their
one fear is that some Iowa bankers
may express their second choice for
Mr.. Fletcher, Of Indianapolis. This.
they admit, might be fatal to Mr..
Johnson's chances.
The election is to be by preferential
ballot. If no candidate secures ma
iority Of the first choice votes, the
second choice votes of each candidate
are added to them and the candidates
then having majority is declared
elected. But If none has majority
the third choice votes are added and
the candidate having the largest num-
Der is declared elected.
Group 3 bankers in Iowa express the
fear that enough Iowa banks may cast
their second or .third choice votes for
MI. Fletcher to give him majority OF
the votes when the other choices are
added to the first, even tho Mr.. john
son may have received many more
first choice voters than .ir. Fletcher.
Vote Fer Somebody Else.
1t would 1e better, they declare. for
Iowa banks to cast their second and
third choices for some one whom they
know can not be elected rather than
Tor MIR. Fletcher, II they wish to elect
an Iowa banker to the board.
Only 142 banks in group sent IN
nominations for directors III class A.
OF these about seventy we're in Iowa.
There are 31s banks in the entire
group. 1t is thought that many OF the
banks who did not vote in the primary
will cast their final votes in the cleo
ton for Mr.. Johnson when they see
what lead he has over the other can
didates, and realize that 80 many
bankers consider him the best man for
the place. If this turns on: to be the
case, 1t would seem likely that Mr..
Johnson would get q majority Of the
t,st choice votes and be elected.
In the primary vote for class B d.
rectors in group 8, August II. Vogel
of Milwaukee. received the largest
number OF votes. total of thirty nine.
Robert Bracken. of Frankfort, Ind.
and NJ. 3. Hutchinson, of Ottumwa,
we're next with nineteen and thirteen
votes, respectively. Mr.. Rracken and
Mr.. Hutchinson are both seeking cleo