davidaulloa/AmericanStories huggingface dataset:
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-08
AGAINST ONE GREAT
BANK IN NEW YORK
Probable Solution Is Placing Of
Three or -Four on or Near
Atlantic Scaboard

New York, January THE Federal
reserve organization committee to-day
concluded its hearings In New York.
having devoted three days to ascertain
ing the views of New York bankers
concerning the task with which the
committee Is charged, of setting up
the regional reserve districts provided
in the new law and selecting the
cities in which tho banks arc to be
placed. The committee. consisting OF
Secretary N1cAdoo. of the Treasury De-
partmcnt. and Secretary Houston. of
the Department of Agriculture, VIII
proceed tomorrow to Boston.
After the hearings here had been
concluded, Secretary McAdoo was
asked whether he had been impressed
by the arguments advanced almost
unanimously by the New York bank
crs. who lave appeared in favor OF
establishment here of regional bank
OF such size that it would overshadow
all the others.
II hone" said the secretary, smiling
~. that / am not as green rs / look
Mr.. McAdoo would say nothing
moro, further than the committee had
reached no conclusions. Those who
attended the hearings and listened to
the objections raised by the commit
tee to the proposal for a huge New
York bank, believed the most probable
solution OF the question in the light
Of evidence so far adduccd. was the
placing of three or four regional banks
on or near tho Atlantic seaboard. In
stead of having one large district
centring in New York, and including
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-08

merce, and taken to the New Briggs
Hotel for luncheon Tho meeting at
the Chamber of Commerce took place
at 80 o'clock.
Manager Horace l.. Smith, OF the
Manufacturers Exhibit. and Business
Manager Dabney, of the Chamber Of
Commerce. were at work Tonight on
an amended schedule, which calls for
the cancellation Of the meeting at
Salisbury Saturday morning, and tho
substitution OF meeting at Concord
instead. They We're in telegraphic
communication with both cities to-day.
and the indications are that the amend
ed schedule will be followed. Sails
bury has advised that while 1t will be
glad TO welcome the Richmond party,
1t cannot promise q directors meeting
OF the Chamber OF Commerce. since that
body has already formally gone on
record in favor of the designation OF
another city as the regional reserve
point for this section. In the light Of
adviccs from Raleigh and Charlotte, il
appears that Salisbury will stand alone
in withholding its Endorsement from
Richmond
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-08
VIRGINIA BANKERS
FAVOR RICHMOND
Executive Council of State Asso-
citation Wants Reserve Bank
Located Here.

Resolutions indorsing this city as
the logical location OF one Of the pro-
posed regional reserve banks were
passed last night at Il meeting OF the
executive council of the Virginia Bank
ers' Association at the Commonwealth
Club. The fun text OF the resolution
follows:
THE executive council OF the Vir-
ginia Bankers Association heartily
favors the selection OF the city OF
Richmond. Va, rs one of the regional
reserve cities under the provisions of
the currency act. The graphical po-
of Its banking business: it's import
ance as q manufacturing and iobbine
centre; its extensive shipping facili-
ties. both by rail and by water: its
proximity 70 deep water navigation.
both coastal and trans oceanic, arc only
few OF the considerations which
must commend it to tho Judgment OF
those charged with the selection OF the
reserve cities, as one peculiarly adapt
ed to the purposes contemplated by
the act.
THE advantages TO the banks and
people OF Virginia OF the selection OF
Richmond are manifest The member
banks OF the district III which the
regional bank is located, will have the
right 10 eject SIX OF inc nine directors.
The business sentiment OF the district
will thus be directly reelected in the
board of directors. the majority of
which will, in the event OF the sclec-
ton OF Richmond. possess full knowl-
edge of Southern local conditions, and
will thus be enabled to respond inteili-
gently TO their legitimate demands.
This council urGes upon the mem
bers OF the association and also OF the
banking association OF adjoining
states, their earnest cooperation In
the effort to obtain for Virginia this
recognition OF her great material and
financial interests"
Thirteen members OF the executive
committee were present IT was de-
cided to hold the next annual meeting
of the association at Chamberlin IIo-
tel, old Point Comfort, Juno Is, 10
and 20.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-08
WILL EMPLOY EXPERTS
ON TRADE STATISTICS
General Committee Fighting for Regional Reserve
Bank for Richmond Is Preparing Strong Case
to Present to Organization Com
mlttee in Washington.

culars were sent out in one day by
local concerns to their customers in
North and south Carolina. and Il sec
ond batch of 10000 has been about cN-
hausted. North Carolina, ne stated.
is solid!y back of Richmond. while
many favorable responses are being
ccived from South Carolinians.
Hal Flood Not Pledged
Hal j.. Flood, said Mr.. Gregory Is
the only Virginia Representative III
Congress not committed To Richmond.
Letters from congressman Saunders
and Hay. expressing their desire to
aid this city. were read. Numerous
kilograms and letters from other
points were briefly referred TO.
The Importance OF having the united
backing OF the representatives from
the three States was pointed out by
Oliver j. sands chairman of the execu-
tive committee.
There must not he n discordant
voice said Mr.. Sands. I've must get
tho full force OF these three States
together and have a joint meeting in
Washington. We do not want this
bank to go to Washington. It would
be affected by the political atmosphere,
and could not possibly serve the in
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-08

Experts Will be employed immedi
ately to compile trade statistics and
TO prepare maps and diagrams show
ing the natural advantages of this
city as the location Tor one Of the
proposed regional reserve banks
This decision was reached yestcrda;
afternoon al q meeting o. the eNccU-
tive committee. following the most
enthuastic rally yet held in tho ia
tercsts OF Richmond's great fight for
recognition as u financial centre.
Representatives. of practically every
business ana civic organization in the
city were present when John Kerr
Branch, chairman Of the general com
,nittee called the meeting 10 order
yesterday afternoon At $40 o'clock in
the Business Mems Club. Without
losing any time. the committee settled
down to business. and suggestion after
suggestion was offered and discussed
in behalf OF the movement.
lNccutiVc Secretary George G.
Gregory was called upon to state the
latest developments, and told OF the
iutensc interest that is heinz displayed
in the fight. More than 10000 cir
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-08

banks. but tho opinion of witnesses
was widely divided as to the preferable
ones. Denver, Omaha, st. Paul, Mime
apolis. Spokane, Seattle, Los Angeles,
Kansas City, Cleveland, Cincinnati,
Dallas. Houston, Texas and Pittsburgh
were suggested by various bankers.
To-day's hearing brought out tho
trend OF opinion among New York
bankers. as was evident from the out
set, that the New York district should
embrace II large section of the North
east, including New England. Bank
crs said the New York territory should
extend south TO tho Potomac River
and west to the AllcghDnies or beyond.
System VIII he Co-Ordfnated. =
Secretary McAdoo's reply was that
tho new banking system of the couI-
try would be co-ordinntcd, and that
the mere matter of capital of tho New
York bank was not entitled to the
emphasis which had been laid upon *.
Mr. McAdoo exchanged his views ut
length to-day. He departed from tho
usual routine of questions and answers
Continued OH Eleventh Pase.)
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-08

one of the most significant asked by
the organization committee at the first
hearing In New York.
The farmers, said Mr.. Sands, realize
and appreciate the efforts the Rich
inond banks have made on their be-
half. He cited as one instance tho
ready help from this city to tho peo-
plo OF Botctourt County, when floods
recently destroyed tile bridges and
rothcr public improvements. Richmond
money, he said, made ii possible for
the community to repair the wrcckago
and award contracts TO replace the
bridges in less than week.
The committee now travelling through
North and South Carolina Will DO kept
ut it's full strength by volunteers from
this city. These men will bc sent out
1T the discretion of Messrs Sands and
Gregory. IT was announced yesterday
that Congressman Andrew jackson
Montague, John NJ Miller, Jr., Julien III.
Hill and Thomas b. McAdams would
Join the committee for n short time.
The local banks arc tclcgraphing ahead
to each city. and the Richmond delega-
ton is being met 1T the station. Groen-
ville S. c., is preparing II huge smoker
following the meeting i'll that city.
Go After Other Stnies.
Endorsements from West Virginia
and Florida will bc Sought for. IL Is
believed by the committee that these
States will at least make this city
thCir second ChplCe. some aSSuranccS
along this line have Eccn received
here. Efforts will also be made to get
the cities and organizations mdorsinE
Richmond so out after others. An
endless chain scheme is the proposal.
This plan has already been adopted by
the Richmond Real Estate Exchange,
according to -. III. tunStcn. its repre-
sentative, who stated that every OK
change in the proposed reserve dis
trict is being asked to cooperate. not
only for Richinond's benefit but for
it's own.
The meeting adjourned after n two
hour discussion. The next meeting
Will be held tomorrow afternoon ut
30 o'clock at the Business Mems
Club
Among those present yesterday were:
Il. c. Laird. John Langstrcct. D. G..
Whitehead. Is. II. Randolph. oliver J.
Sands, John Kerr Branch. L, L. Be
miss, w. 5. Rhoads, q. ii. Funsten =.
G. Easley. John BaEby. Rev. George W.
Mcdaniel. Milton Cone. Fred W Scott,
George w. Stevens. J.. II. Gordon,
Bagby, w. II. Rountrcc. T. NJ. Car
rington, William II. Whito and julien
ii. Hill.
Mr. Sands will deliver the principal
address before the Petersburg Cham
bcr of Commerce Tuesday night at its
annual meeting and banquet. II Is cx-
pccted that the organization will
pledge it's support to this city. as its
relations with the local body are very
cordial
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-08
WILSON PLEDGES
AID TO RICHMOND
|NF|GHT FOR BANK
Continued From First Pase.)


Federal reserve district served by a
regional bank In Richmond.
With the Wilson meeting closed the
second day OF the missionary tour upon
which the Richmond delegation Is en-
gagged, with Rocky Mount. Tarboro and
Wilson safely enrolled under the Rich
Inond banner. The party left at 9:1S
o'clock tonight for Goldsboro, y. c.,
where Il will spend the night prcpara-
tory 10 holding u meeting in that city
tomorrow morning. From Goldsboro
the delegation will go tomorrow to
and from there TO Salem.
where n big meeting is scheduled for
tomorrow night
Jackson Goes to Raleigh.
President Herbert W. Jackson, ot
the Virginia Trust Company, left for
Raleigh at 8 o'clock this afternoon 10
be on hand when the executive COM
Association meets in that city to-mor-
row morning. He will rejoin the rest
of the delegation at Raielgh. and Will
proceed with II to Greensboro and
Winston Salem
At Tarboro this morning President
Hcldorness, of the North Carolina
Bankers Association, put In motion his
campaign 10 secure Richmond's desig
nation as a Federal reserve city. lie
forwarded copy of the resolution
adopted last night at Tarboro to each
OF North Cardinals Representatives in
Congress. accompanying them with per-
sonal letters He made q particularly
strong personal appeal to Congressman
Claude Iiitchin, Representative from
The Second District, in which are To-
Gated Tarboro and Wilson
~ have received forty letters from
bankers In North Carolina Endorsing
Richmond" said Mr. Holderness this
morning, "and I expect 10 receive q
good many more between now and the
meeting OF the executive committee OF
she Bankers Association in Raleigh to-
morrow. I'll DO there, and I'll do what
] can to get that body TO give Rich
lnond s. unanimous vote. and don't
mink that Will DE hard 10 do either"
The Richmond committee was met at
the station ut Wilson by Secretary IL
n. Brown. Of the Chamber OF Com
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-08
New England and part of the Middle
Atlantic States
cities Most Mentioned.

The cities most frequently mentioned
in this connection, were New York,
Boston, Baltimore and Atlanta. Wash
ington and philadelphia also were al
ludod to often, but it was the opinion
OF n majority of the witnesses that
Baltimore was entitled to preference
over either OF these cities. Washing
ton was objected to because no large
commercial interests centre in that
city, although some OF the witnesses
said IL would be OF advantage TO es-
tabish bank there to he in close
JOuch with the Federal board Argu-
Incnts in favor of Baltimore rather
than philadelphia. were based ON the
supposed advisab ility of n more equal
geographical distribution of the re-
gional banks, it being thought that
NV York and Philadelphia were in
too close proximity to have each a
bank. IL was said also that Balti-
more. by reason of its location and
foreign and domestic trade affiliations,
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-08

would servo better than Philadelphia
the States OF Maryland. Virginia and
West Virginia. and other territory
North Of the section which may be at
tachcd TO Atlanta.
AS for the remainder of the country,
the most commonly expressed opinion
was that banks should be established
at Chicago, st. Louis, San Francisco
and New Orleans. Many other cities
were mentioned for tho remaining
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-06-13
ANNUAL MEMORIAL SERVICES II
BE CONDUCTED SUNDAY
EVENING.
VIII be Held In Zane Street NJ. E
Church-Rev. W. NJ. Schultz
To Deliver Address.

The annual memorial service OF
| Wheeling lodges. knights of Pythias.
will be conducted Sunday evening. in
Zane Street NJ. r. church. corner
Jacob and Seventeenth streets. by
members OF the four local lodges An
interesting program for the affair has
been planned. being composed OF in
3 teresting musical numbers, in addi-
: ton TO a memorial address TO be de-
livered by Rev. W. NJ. Schultz, pastor
OF Zane Street church.
Today and tomorrow, the graves OF
deceased brothers will be decorated
by the committees Of the four lodges.
In addition TO flowers. a United States
nag and nag Of the order will be
placed on each grave. Members who
have died during the past year, or
since the last memorial service was
held, Will also have bronze stand
placed on the graves. These act as
markers. and remain stationary. They
have been placed on the graves OF all
who have passed away prior to the
past year.
The lodges represented in the me-
mortal service. are Baltimore. No. 6 /:
Black Prince. No. 10; Ohio Valley. No
81. and Wheeling No. ia. The rep
resentatives OF these lodges formed a
general committee. electing William
wilkins chairman. n. J. Fowler. sec
rotary and A W. Wurtzbacher. treas
urer. The committee IS composed of
the following: Baltimore lodge. Jas
II. Reed. Liman Hough and W. "
BaCkes; Black Prince lodge. William
Marshall. Charles r. Wagner and
Harry X. Shields, Ohio Valley lodge.
Edward Wagner, William wilkins and
II. J. Fowler. Wheeling lodge, 4. W
Wurtzbacher. William. NJ. McClement
and Earl Moorehead.
II IS the custom OF Pythian lodges
10 conduct memorial services for their
deceased members during the month
OF June. The Wheeling lodges. in ad-
ditiOn 10 the lodges in McMeCh,n.
Bellaire and other nearby towns will
conduct their services tomorrow.
while others will have their services
next Sunday and the Sabbath follow
ing. Some will hold services in
churches. while others Will conduct
the lodge ritualistiC service az Gem
etery in the vicinity OF the lodge. All
graves will be decorated in memoriam.
Program.
Tho following program will be rem
dered sunday evening for the Wheel
ing lodges.
Opening ode Music America. No 702
VI. =. HymnnD.
Prayer.
Anthem-'Nearsr. My God To Thee-
Lesson from tho Psaiter. twenty
fourth sunday evening service.
New Testament Lesson-Cor. i1s
=. Mrs. r. 6 ReenSs. bro G Il. fsuey
Announcements and Offering.
ssrnoni Golden Rule"
IfyfSsn 80 5ss-Biest BE the Tie Tha,
Closing OdA
Eeuedictfon
IoFilude
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-06-13
FOUR LORIMER
BANKS CLOSED
STATE BANKING DEPARTMENT
ACTS AND NAY ASK FoR
HECElNERSHtp
Cnlef Esa-iner Taxes pr~.onai
Snarae % Largest Bank Nay
Reopen Next Week

CHICAGO. June l2-Fou- state
banks. the most important having
for its president william I,orimsr
unseated from the United States Sen
ate. were closed by the state bank
Ink department here today ReprA
sentauves % the department irnm.-
diately began close examination
into the institutions Affairs. Rumor.
are current that a receivership wfll
be- asked
The four banks were thp la Sale
Street Trust a Savings Bank the
broadway State bank. tho Illinois
State Bank. and thu Ashland -TW Elm
state Bank. known as the Lorimer,
Munday chain OF banks The Ia
sale street Bank was the main insti
tuition. the others being outlying con
Germs whose balances and reserves
We're carried 20 a great extent try h.
nbined they have deposits Of s.
l.ss. aud reported cash means OF
OF their deposits ss6s 900 consists
~ city funds. The bulk OF this amount
soSv.Vev Is on deposit with the La
sale street Trust and savings bank
The sanitary district OF Chicago h,s
$4,000 In the In Sale Street bank
Open Next Week
Nhlef bank Examiner Daniel liar.
KIN VINO took personal charge Of the
Gown town bank and sent deIsties 10
me smaller ones said late today that
ne expected 20 see the La Sale ~
Trust and Savings hank open for bu n.
ness next week He declared that he
sent Examiners TO the smaller insfi.
buttons as precautionary measure
tie insisted that there was no poll.
,lcal phas" 20 the action Of his De.
An examination OF the la Sale
street Trust and Savings hank bv
Harkin two months ago disclosed ha
said. a quantity ~ vhat he regarded
as slow assets. The hank officials ara
said by state officials to have pleaded
lor a hiile time In v hich TO change
that condition.
Mild Run on Bank.
In the last three weeks. according
10 Examiner Harkin and the cashier
or the bank. there has been what was
termed a mild run on the hank cans
Ing depletion Of about 81. 600 OOO In
deposits
Former United States Senator Lori
fner. president. and C. n Mundav. vice
president refused 10 comment on the
situation.
James p. ForCan. president q, the
f1rst National Bank. and chairman n,
/ the clearing house committee. said.
The closing Of the TaSalle stree,
rust 4 Savings Bank should not have
the slightest effect upon anv otbs,
banks in the Chicago district"
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-06-13
AT M'MEcHEN

The annual memorial cerennorias NJ
McMechen Lodge No. 1914. KNIGHTS of
-ylhlas, viii be held Sunday. June ii
win special program in which fittinR
trlbute viii be paid To the memory ~
me departed brethren. The membeTs
GI McMechen lodge and the First Reg.
a,iV ny OF me Uniform Rank will meet
az the McMechen VI. 4. church and
from there. headed by the McNecben
Dahd, VIII march In a body 20 the
cemetery. There the graves OF The
u ,.',iS 1cd members will be decorated
attorney James n Parriott NJ
nSTsunusNiile. will deliver the memorial
HYluuress Rev. 5. J. Cotton will dc,
Tver the Invocation. and Rev q %
,Iacey viii pronounce the benedic.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-06-13
FOLLANSBEE

FoILANSRFE " v. -.
Sleuh street from Duquenes o. -. Mn.
stIlg - nov grandcd and GI1pd iD stE
81 49,. ~. ready Tor the pavinF. witch vffi
eNtr which eNtonde along d.. ,tir1
- Sral inches above the rurrace - 49,
- IN WI BE- lowered 20 it, correct Io.t-
- curling viii D. comIlefsJ
~. mas nov started working ON ma
yy,ii. , ,',,-l. road from Follans bee ts
lr"uh 10 autoists being yvbar. tblg ...
~ Lno eLr.nt b ding ~. VIC Nv !
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-06-13

,S.'f Dan Gov. labor boss az the mill
-l W f"rce of about thirty t,5.,,
L'' Lyf'r house ~. tho min fo tbe 49,
. w. An'c Of several huudr.F loot 10,
1f,.'" ~ 20 be placed large sNhaur,
tl"'. rms new line viii ba raraesr'r,.
w connection with tho new rro-ri,.-,,.
alH turbine which will Doc inafeif.d n,
we power house iu the near future TO-
mills. ''' now Shcet
- u' ihFE' new ware room being e~o~f-
~ I"" ie"f ahuv" the present ,,tt..
,.N pr Won under way and whom COM
pi"tri viii hc much Larger mar 49,, ~
t-'n nov being used Tho addition O.,
me sheet mill department h. a1,,,,s,
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-06-13
SPECIAL TERN
Judge Newman Has Called Extra
Session OF Ohio County Circuit
Court for Today-Several
Cases TO be Taken ID.

judge Newman will hold a special
term Of circuit court this morning az
which time several matters will be-
taken up and decided The cases are
all OF pressing nature. among which
Is the contempt case OF Mary Roberts
and Gal Martin This case grows out
OF the utter disregard OF the two
above named persons concerning the
care OF a child belonging TO Mrs.
Roberts
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-06-13

a petition - byInT cIrouItt.d srnor.y
the business men Of the town for sign
ere Tor the charter o. The new bank II
E'lIansbee being erected On Main street
near Penn street.
Inc new bank Will be opened for bust
mes. pN the middle or July. az all brick
work mas been completed and the car
I'hl'Ie ar now W"rhiuE on tho inter 10
ipr. The bank Will .ccury m, erifr,
ilrst floor. while the second floor is 10
De ~"t orr as office rooms and one for
th" ulr-'torS ABOUT all Of the stock
mas pcen sold principally TO- men OF the
town and surrounding county. and will
p" one 90 the strongest banks IN opera
tiOu.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-06-13
FILE PETITIONS
Ohio State Candidates riied Intention
Of becoming Candidates for Of
nee Nesterday. All Day.

Yesterday was tho last Ha, for Ming
lAlefN with the deputy ..utrlI .nrs al
elections tu Es. uIurf county Practical
- every candidate had hIz petitions ri-
~ Win the board. --trraI days age. bot
me ouice ~ tho board was Kent omen
until 10 O'Clock last evening 10 accom-
mediate the candidate
over six hundred pstItior- haN. boon
received los the board. tho cHraITrf.4
have complied with the Law Four rar-
Ties have Complct. tickets 300 the held
iu belmont county. and AN have fIsI
their petitions. The petition irtIuIs4
those OF the candidates FOR governor.
I ultrl states senator. rsuresfutatiN.
and every oNice iu the state With
seven and eight candidates for one pos.
ton. the board will have "a strenuous
time FOR the next few aayN
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-06-13
You can get rid
of itching with
Resinol

WHAT relief The very first
w application OF Rcsinol ONT.
ment stops the itching and your
tortured skin feels cool and COM
Portable at last. Won't you try
the easy Resinol way 10 heal
eczema or other skin-eruption?
Doctors have prescribed il for
nineteen years.
Eesinol Ointment. with the help % Resinoi
Soar. clears away pirnrles and biackheads
and e. o. most valuable houschoid remedy
for sores. burn. boiis. piles. etc. Sold ~
ald-rE'rfs. Forshnpic write 70 I2csinol
Dept rs. Baltimore. Nd.