El Paso herald. (El Paso, Tex.) 1901-1931, 1914-02-09
Southwest Asks To Be Left Intact

, Adoo that during the hearing he hopet
to show that the bankers and business
men residing within that TERRITORY
Joined Ell PasO in the request that tn
/ district be not divided. Numcrou!
kilograms and letters endorsing thu
I proposition of being in the same re-
( gional district with FL PasO, Mr.. stew
art stated, would be filed with Jh'
MIR Stewart declared that the clear.
( ing house had held alOof from the
{ question as to the location Of the re-
serve bank He saw but little differ
ence in that respect between Kansas
City, san Francisco and Denver.
All business Centers Here.
James G. McNary, first vice preSi-
dent of the First National bank, stated
/ that Ell PasO is the natural commercial
I center of a territory of 5OO,OOO square
I miles In this territory FL PasO has
I no competitor either commercially or
! financially. In this territory, Mr.. Nc
/ Nary said are 1873 banks, So national
/ banks and us state, with combined
J caDital and surplus of over $4,000, 600,
1 and combined deposits amounting to
/ over S70,00O,OOO, and nearly all Of
them do business direct with FL Paso
! as their secondary reserve center and
financial market. A net work of rail
roads, Mr.. McNary stated, connects the
district with FL PasO and these fur
nish ready and speedy communication.
/ Mr.. McNary's paper, which he read, for
( the most part was made up of bank
! ing statistics and was filed His views
about the location of the regional
bank were practically the same as Mr..
Stewards
T. NJ Wingo vice president of the
/ Rio Grande- Valley Bank and Trust
company, filed a paper containing
( banking figures. Mr.. Wingo did not
believe that the business and banking
interests and other enterprises that
had required years to build up should
now be impaired by taking FL PaSO
out Of a district which had made this
progress and advancement possible.
1t is vital to this city, declared Mr..
WingO, that it be left in a district
that she now enjoys: New Mexico,
Arizona and west Texas
Trade and Resources.
Robert Krakauer president of the
chamber of commerce, read a paper
showing in figures the amount of bus
mess that the wholesalers, retailers
and jObbers of FL PasO do in this ter
ritOry. He pleaded with the regional
committee to keep the district intact
v, r. stiles, eXpresident of the cham
Der of commerce, read a paper show
ing the mailing facilities that Ell Paso
enjoys with all surrounding towns
and cities.
Estimates contained in a paper pre-
pared by Charles N. Newman and read
by Mr. McNary gave the Ell PasO ter
ritory 100000 head of cattle, $4,000
horses and 1,I50,OO0 sheep, and the pa
per emphasized Ell Paso's growing i'm
DOrtance as a cattle center.
j. j. OrmSbee, superintendent of the
local Smelter, submitted statistics re-
latng TO the mining industries of Ari-
iona, New Mexico, old Mexico and west
Texas.
Mark B. Thompson, of the First Ma
tiOnal bank of Las Cruces, N NJ,
thought that the question of the loca-
Tf0T the hank of
teriaL 1T is vital though Mr.. Thomp-
son said, that we be in a district at
tached to Ell Paso. For one thing on
account of the government project at
Cattle Movement.
H. D. Slater read paper on the
manufacturing industries and natural
resources Of FL PasO. Mr.. McAdOO asked
where the cattle from the southwest
were shipped TO, and Mr.. Slater replied:
Largely west, it is interesting that
a considerable proportion passing
through Ell PasO from Texas and Mex
leo goes to California, but of course,
the great bulk of our shipments go 10
the northern feeders and packers" ad-
ding, 80 to 80 percent goes north
Assuming that the secretaries knew in /
a general way the big cattle markets
the witness reversed his sentence to
bring out circumstance of the cat
tie trade little known herea bout to
the general public. and important as
showing the solidarity of this dis
Irict and our growing indeDendence of
the rest of Texas and of the east.
namely, that in the last few years a
good demand has been Springing I'D
IN California for cattle from this sec
ton, and cattle buyers from California
are coming more and more into cOmpe-
uuOn here in FL PaSO'S great cen
trail market with eastern buyers: the
witnesses reply was fully understood
by the secretaries and got into the Of
n ri T7rrR al.
men in the audience who heard only
the first part of the answer began /
a buzz of protest and drowned the
last part of the full answer in the noise /
they themselves created.
ArizOna's Sentiments.
James s. Douglas, Of Douglas, Ariz.. !
and president of the State J
bank, stated that the sentiment of the
business men Of Douglas was to the
effect that Douglas be included in
he same territory with Ell Paso. /;
We hope" Mr.. Douglas said that
Douglas and the southern part of Ari-
iona and New Mexico will be in the
same district with FL PasO with the
egiOnal bank at San Francisco"
William H. BrOphy, of Bisbee Ariz
appearing before the committee as a |
representative of three banks of Bis
zee, stated that his sentiments were
hose of Mr.. Douglas. THE relations /
# Arizona and Ell PasO are very close - ]
ion of the reserve bank I would Dre- /
er San Francisco" The banks Mr. /
3rOphy represented were state banks.
z. W Graves cashier of the First
,atiOnal bank of Douglas Ariz., agreed
With the views expressed by Mr.. Doug
as and Mr.. BrOphy. He thought that
Kansas City as a location for the re-
iOnal bank would serve the interests
f Douglas, but stated that considera-
ion was immaterial so long as Ell
'aso and Arizona were left in the same
istrict. Asked for a specific pref
renee as to a location of a regional
ank. Mr.. Graves stated his choice was
an Francisco.
"WRnt to Go With FL PasO.,
1--WE want to go with Ell Paso where
yer you put US declared Charles Sol
mon, president of the Arizona Ma
Onal bank of Tucson, Ariz. NV first
lOice of a location for the reserve
3nk would be San Francisco: the sec
nd. Los Angeles and the third. El
aso" Mr.. Solomon stated that the I
usiness men and bankers Of Tucson |
ED the same views as he did He
sO stated that he represented a Cliff
IN, Ariz., bank, which felt the same
ay. Mr.. Solomon then filed a let
r from the Tucson chamber of com
cree with the committee as follows.
Chamber Of Commerce Tucson.
Ion. W. G. McAdOO and David F. Houston. :
''The Tucson chamber Of commerce. has ]
pointed Charles F. Solomon to represent