The copper era and Morenci leader. [volume] (Clifton, Ariz.) 1911-1929, 1914-01-02
WHERE WILL ARIZONA'S REGIONAL
BANK BE?

question that is of the greatest moment to
the business interests of Arizona, as we'll as all
the commercial interests of the United States, is
the location of the regional bank made necessary
bv the recent enactment of the Owens currency
bill.
Aside from the advantage coming to the sew
eral cities selected as locations for the regional
banks, and this is important consideration to
any city selected, the many commercial interests
adjacent to the cities having the location of these
banks are acute1y interested, the advantages OF
being closely located to the selected cities being
of great Importance. Especially important to the
West is this question of regional bank locations,
as the probabilities that the states of the West
will be divided into great Districts much larger,
because of population, than will be the states OF
the East and North which more densely popu-
lated, and thereby making no community IN the
latter named sections 1nconven1ently placed
from its regional bank. No matter which cities
are finally selected for the states of the West, it
will be impossible to prevent commercial ncon-
venience being caused to some of the communities
of the few districts into which the Western states
will be formed. For this reason the location of
the regional bank for the state of Arizona is of
pertinence to the financial interests at this time
The opinion of the best informed leaders of
the Southwest and of California seems to be that
the probabilities are that only three banks will be
established during the first few years of the new
laws operation, in the states between the Missouri
river, the Red river, and the southern portion of
the Pacific coast. In all probability Houston
will be selected for the regional bank supplying
Texas, the geographical location of El Paso being
such that that lively city's aggressive business
men could scarcely hope to have the bank be 10
Gated with them Granting that Houston
cures the bank for all of Texas, which state will
probably be placed in one district it then follows
that Arizona, which state will probably be placed
in the district, including the southern portion of
California, must look to city in California
as the location of the regional bank supplying
Arizona And the city selected for California
will probably be Los Angeles.
The great territory of the Southwest, lying
between the Rocky Mountains and the Missouri
river, will probably one bank, and Denver
Colorado, will, because of geographical and eco
mercial location, possibly be selected as the city
for the banks location
Four banks of the twelve for which pro-
vision was made, will likely be added later as oc-
casion and the commerce of the country demands
it coming from authoritative sources that only
eight banks will be operated at the beginning
The disposition of these four which will probably
come later, is of course predetermined.
Should the arrangement be suggested,
Arizona especially the eastern sections Of the
state would be greatly Inconvenience, the
distance to the Pacific coast city selected, no mat
ter which of the cities there might be selected is
sufficiently great to make the selection OF FL
Paso much more acceptable for the sections
named However, the final location of these
banks may be such that this portion of Arizona
will not be so distantly placed. Of the cities
which could possibly hold hope of gaining the
portion of Arizona for part of the district
supplied by regional bank, FL Paso probably is
easily the city which would be the choice of the
territory mentioned, and it is to be hoped that
conditions will be so arranged that the Pass City
will be named as location for one of the first
eight regional banks. 1t would seem that Phoe-
nix has no hope of obtaining the favor OF those
who will finally choose the banks location
IIMDNIMG STRENGTH OLE ARI.