The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-06

3Sichmond TO either. "All the banks
hero favor Richmond if Charlotte can
\ not get this bank" he said, ''Richmond
: IS decidedly our preference" wrote a
Reidsville banker. From Grcenville. N.
q, came the message: Your city is the
most convenient location. and wo hope
you will succeed" Greensboro. n. c..
reported that II is heartily In favor
Boint VIC know" Thomasville, N c.,
reported that 1t was strong for Rich
p,ond." Having practically no bust
ness with Washington, we do not con-
Slider that the city for this section to
DO business with" From Wilmington
came the message. "Richmond is tho
most favorable point. We will do
Everything possible TO help"
Swanson. Glass and Stunrt Aid.
In an extended letter United States
Senator Claude a. Swanson reported
that he had discussed the matter fully
with John SHELTON Williams. and had
arranged for n hearing Of the Rich
iiiond delegation before the organiza-
zion committee OH January 10 at >
3'clock. Senator Swanson suggested
That the committee present q we'll de-
fined territory and bring with the
Richmond committee delegations Of
Bankers and business men from the
Section to he served. He said the COM
mittee might command him In this
matter 10 the utmost. II cannoc con-
ceive." he wrote "of n better location
for one OF these banks" a letter was
also read from Congressman Garter
GLASS assuring the COMMITTEES OF his
earnest cooperation. He was certain
the central committee would give Rich
mond every opportunity TO present its
claims. ana said he would take great
pride in seeing one OF the regional
banks established in Virginia. y tele-
gram from Governor Elect Henry G.
Stuart was received from Wytheville.
Mr.. Stuart stated that he had already
written personally TO all OF the ma
lional banks in Virginia west OF Roa-
noke. He suggested that some other
,neans be taken TO secure the co-opera-
ZION OF banks in the Valley.
Stevens suggests Enlarged Territory.
President stevens. of the Chesapeake
sud Ohio Railway. suggested some eii-
,argemcnt of the lines proposed. 1t
gas not so much n matter OF distance
Is OF connections and railway convent
encc, he said He thought the Rich
mond district should take in all of the
Nest Virginia towns tributary to the
Chesapeake and Ohio ana it's branches
right on up to the Immediate territory
OF the Baltimore and Ohio. II neither
Pittsburgh nor Baltimore got re-
rional bank, then an even wider range
might be suggested, as banks as far
away as Wheeling would rather come
bere than be hitched on TO Chicago
I'VE may fairly assume" said Il. l..
llemss, that New York, Washington.
Atlanta and New Orleans Will he in this
night In these. our strongest compe
;itor will be Washington. We should
pct up Still larger maps showing the
general outlines of the adjacent dis
tricts, as we'll rs the territory Rich
inond can best serve"
.g.t- -l&, tfA,.
der?' asked Congi essman Montague.
What reason whatsoever is there for
placing regional bank there? l can
conceive of none. save geographical
convenience. Does Washington serve
any commercial or banking needs
Has No Commercial Importance.
II was explained that Washington
had no commercial Importance. but be-
cause there is no tax on personal prop
erty, it is n large place OF deposit for
wealthy people. Washington banks
search the country for desirable in
N.stment. having no local enterprises
to make use Of their resources. Wash
ington should be included in this dis
trict,' said +. w. Scott I'VE need tho
capital. Ii has no trade or commerce
that would be reversed by placing 1t III
this district" oliver J. Sands was not
enthusiastic about Washington He
wanted an institution governed by nine
directors familiar with Southern agri-
cultural and general conditions.
John G. walker. president OF the
Life Insurance Company of Virginia.
promised 30 send letters TO all his rep
t, sentatives In Virginia and North and
South Carolina, asking their co-opera-
ton in this movement
Dabncy Outlines Plans.
Mr.. Dabney reported that IN arrang-
ing his itinerary for a ten day trip of
his committee ii had been necessary
TO drop some points. 1t was left TO
the Chamber OF Commerce to deter
mine whether n supplemental commit
tee should he sent out. The most i'm
portant city not on the itinerary is
Durham. and il was suggested that at
come convenient point on the trip, the
committee divide, so that two or three
members could visit Durham and in
tervicw the officers OF its trade organi-
cations. or IFS eightecn cities on the
announced Itinerary. MIR. Dabney said
lie had kilograms from thirteen promis-
ing the Richmond committee a hear
Ing, the number including Columbia.
which Is itself candidate for re-
serve bank. MIR. Dabney reported that
Lis committee would leave this morn
ing ~ Sis, having besides himself and
Horace r Smith. Of the Manufacture
orS Exhibit, In the party, George J. Seay,
II. w J0ckson ard Henry e. Litchfortl.
with Alderman Ordway Fuller and
Councilman John w. Moore representing
the city government and stan cores
pondents of The Times % spatch and
News Leader. Other Richmond bust
ness men Will go down later in the
week and relieve those who must re-
ibrn to their business. AIR. Dabncy
urged that Richmond business men
would At once wire their correspon-
dents In the various cities to be visited
ana secure their cooperation.
The general committee VIII meet
again tomorrow afternoon at $3.50
O'clock AZ the business Mems Club.
SNlNNNNNgss.,sssssaNNNSyyssxS