The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1914-04-04
IN Or THE
1I[RYE BOARD
'||CR|T|C|5ED
unsnt of Districts
sssion Of Regional
5 Raises Storm in
Various Parts.
COMMENT Is
lDE BY SENATORS
sdng Called for To-
/ h New Orleans to
tAsainst Side-uack-
he Crescent City.
/ COMMENT is
lDE BY SENATORS

|yCT0N, April S.-There was
tution tonight that the an
q di the reserve districts and
|a, reserve bank organization
. bad given the signal for a
\ Struggle on the part of sew
4 ubich were disappointed, to
/ ts committees s decision and
q a redistricting Of the coun-
|last, a change in the reserve
Da.
As lsW the decision Of the or.
! committee is not subject to
||apt BY the federal reserve
d board probably will not be
President Wilson for several
fiIH believed that those dis
Eilh the committees an
Es nil bend every effort to-
'ng the way for changes. 1t
n out tonight that both Sec
1 iAe Treasury McAdoo and
D Of the Currency Williams
1nlzation committee are e1
|pben Of the reserve board
y could be counted upon to
1selycs- Tho president has
|1hnation as to who the other
y will be.
htment Is Keen.
sittee's plan was criticised
3 today. and there were re-
'sn disappointment from sew
" the race for reserve banks
JAILED to procure them.
llSr Of the senate banking
y aommittee, two Repub.
. Democrat, attacked the
''af Weeks Of Massachusetts,
Z Tue law vigorously for
iai, but who finally voted for
oat that one bank was To-
''e'9n, the home state Of Mr..
es 10 Virginia, tho home
= Williams, and two in Mis-
Mus state of Secretary
" President of the commit.
Y ele'tloned the propriety of
s'ols' Senator Burton op-
section Of Pittsburg in the
mich Clcve,and is the re-
and asserted that il would
''ts 70 make trade turn west
tssOurg to that city. Sen.
:, l pointed to the fact that
eeen included in the Kan.
~. 'lict instead of the Chi
and said that trade did
Pee Defended.
!. si The committee said
n dduaIlilcallon for the claim
4 tS,s tS,rus99ced s9 by any other con-
advantages Of cities tie,
4 d ttuefflng to the choice of
=. n sas sad that although
~ ~ expected because of the
H. Guy 70 the home of Mr.,
ssa committee was unanimous
z,,o - "onld have been named
Esn M > and Washington if he
81, q ,aSeflnite plans for any
a snS sae committee have been
|s.S mere Is practically no
[euoS night to be undertaken
1s|sS !he reserve board. II
Ia "a, tonight, however, that
b bsnIu!s might undertake
|e snn ns ior their districts by
9 fS%osf iaepasi.o Of authorized re-.
. ~"Ils
Fps Taken.
~ sa,ious q steps still m,,st h,
systam new federal reserve
>li;Sn >liIs;sIa begins operations
isriouM.,e expected today thai
k5irsss uai reserve banks wouIC
u SAs% sssoTh within three month, onttI
IA Evolutionary change IL
plai1SnsIal machinery would il
y ilc SS, TACT within thai
ys ii H. resignation of the "a
q III. *. decisive asC step towar;
sostoo,e H. system The cite,
lsoni sew e, York, Philadel
| Lop;s atlanta, Cleveland
= and Sau a.uul44lneapolIs, Kansn!
d i iso1s Ct today was offic;a
sns Of the th.v,ssa sslao4t or the Cur
ns y ah IN tho 10 task Of notifT iI,
g Which, l1e 1915 national an,
Il Ils w,a nave I'VE applied 70
IAlt ,I,Sms was the general eS
itts member wal.I banks in tn III
as ioTT Tppld thSd Immediately be be
Is banks e establishment o
must bea;Ev Every bank, I'm
70 the s+eu, cent Of its capita