The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-11


serve banks before the organization
committee In Washington on Thursday
VIII he oliver j. Sands, president of
the American National Bank. and chair
man of the executive committee, and
George J. Seay, on the subject OF bank
ing and financial advantages; Egbert C..
Leigh. Jr.. from the standpoint of
transportation and shipping. and 7. NJ
Darlington and w. T. Reed president
and vice president OF the Chamber of
Comm cree, representing the commercial
and industrial side OF. the situation. The
committee viii be accompanied by at
least nifty OF the representative bust
ness men of Richmond. and by dele
cations from all parts Of Virginia,
North and South Carolina. The orgnni-
zation committee has set o'clock on
Thursday the hour for the Rich
mond hearing. Every representative
OF virginia In Congress will be pres
ent to lend his support.
From some source yesterday after
noon the rumor started that Senator
Martin was noncommittal and rather
favored Washington. kilograms were
sent to him. and the answer was imme-
diate that he was for Richmnd Senator
Swanson has been for Richmond from
the first.
Montngue's Impressions of Trip.
Congressman Montague has been do
ing splendid service" said Chairman
night. Mr.. Montague. who has been
for several days with the booster com
Tittee In the Carclinas. returned to
Rlchmond yesterday. He said that the
trip had been q most interesting one.
interesting in the evidences OF indus
trial development. and in the energy.
ability and optimism of the people.
The Virginians were most cordially
received" he said The freight rate
question has been the occasion of some
little friction or opposition. but this
yielded to the facts and arguments. for
the Carolinians soon realized that the
interests OF North Carolina and Vir-
ginia are one in this bank question.
At Raleigh very able gentlemen heard
our case They gave almost n judicial
consideration to the views presented.
and seemed eager to weigh every ar
gument upon Its merits This approval.
therefore. was most gratifying. and
should receive. as am sure 1t Will. the
grateful appreciation OF Richmond"
VIII Reinforce Booster Committee.
John NJ. Miller. Jr.. vice president of
tho First National Bank. who joined
tho booster committee yesterday in
Charlotte. will continue with II into
South Carolina.
Julien II. Hill. r. Latimer Gordon
and Writ Durrett will leave in time
to be present at an important meet
ing Mt Greenville tomorrow night
Following the Charlotte meeting last
night the boosters expect to visit
Gastonia and Greenville on Monday:
Spartanburg and Columbia on Tues
day. spend Wednesday ut Charleston;
Thursday at Sumter and Florence;
riday at Wilmington, and Saturday
at Fayetteville. reaching here on tho
return trip on Sunday morning.
In preparation for the hearing In
Washington on Thursday. Chairman
DRY have compiled statistics showing
the remarkable growth of Richmond
banks. Richmond's enormous business
with the factories. business houses and
banks of the Carolinas.
Richmond Ahead of Atlanta.
Mr.. Sands has prepared the following
comparative statement of total de-
posts in banks. State and national:
Atlanta banks. S33, $4,000.
Richmond banks S49,5s9,0n0
Showing tho total OF deposits IN
banks in Southern states. he gives the
following statement:
FlOTluu I0.6i5,0 600
Mississippi .s............... 75,65S,00
South Carolina ........... 1880. 900
Alabama Observation-Disclosures. 95.613.000
North Carolina ........... los. 62S. 900
West Virginia ............s 132.442.00O
Louisiana ................. lat. 900
Georgia Observation-Disclosures. 162.456.0 900
Tennessee ............... 1856. 1874 900
Virginia Observation-Disclosures. IT'S. 001. 900
Growth Since 1900.
In n statement showing the growth
Of Richmond's banking Importance
since 1890. prepared for the organiza-
tion committee, are the following
figures:
Bank capital-1s90. s433oos2; 1908.
S6.A61, $40; 1913. sl6.332.769
y Cash md dine = from ha
s46.377.
Loans and discounts-1Sso. $3.50
7as: 1903. s19.270.772: 1918, s474o3.5se
Deposits-1S90. s8.749.802; 1908, sat-
6i7712; 1918. $4s.589.S19.
Total asscts--1S90 $l3.597.170; 1908,
$et,675.ao8: 1913. s74.s6s,24e
business with the Carolinas.
SHOWING the large Importance of