Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1914-04-17

other bank doing business in the
same city organized and doing bust
ness under the laws of the United
States.
1.-THE provisions of this act shall
not apply to mutual savings banks
without capital stock organized I'M
der the laws of any State"
The resolutions with regard to the
Federal Reserve districts were as fol-
lows:
Whereas, The Federal Reserve
Bank Organization Committee has
placed all of New Jersey in District
No. Three, with headquarters at
Philadelphia.
Whereas, The larger portion of the
connections, both financial and COM
mercial, of the County of Essex are
with New York city and the course of
lies between those two cities, and
Whereas, The Federal Reserve
Law says THAT the districts shall
be apportioned with due regard to
the convenience and customary
course of business"
Whereas, The national banks of
our several communities became
members of the Federal Reserve
System, having in view this express
~
naturally assuming that they would
be placed in connection with their
logical financial centre, New York
city.
Whereas, The assignment of the
banks of Essex County to the Phila-
de,phia district will result in very
serious Inconvenience to the banks,
and of direct loss to them.
Whereas, We are DESTROYS of US
ing our best efforts to insure the sue
cess of the Federal Reserve System
to the end that the State banks and
trust companies will become affiliated
as members, which would be very i'm
probable under the proposed district
ing. Therefore, be it
"Resolved, That we, the bankers of
Essex County, New Jersey, in meet
ing assembled, do most emphatically
protest against the assignment of Es-
sex County to any other than the
New York district; and be IL further
Resolved, That we request our
Senators and Representatives in Con-
gress to use their best efforts to the
end that a change may be made. We
also petition the Federal Reserve
Bank Organization Committee and
the Federal Reserve Board, when or
ganized TO make this change as
promptly as possible"
With the adoption of the resolu-
lions the meeting was adjourned to a
time to be fixed by the president.
List of Representative
The largest delegation from any one
institution was from the Fidelity
Trust Company, which had seven rep
resentatives at the dinner. Those
present and the institutions that they
represented were:
Mn MI IF TalI
e. C. Mertz, J. f. Bovine, Ira II. Cor
nell.
Bloomfield Trust Company-F. A.
Shilling, ]. II. Hunt.
Watsessing Bank-F. L. Cramer.
Citizens National Bank of Caldwell
&C. Is. Crane, ]. S. Throckmorton.
Peoples Bank of East Orange
Charles II. Clark.
Essex County Trust Company, East
Orange--O. II. Condit.
Glen Ridge Trust Company-E. d.
Street.
Irvington National Bank-Fredericl1
T. Shoyer.
First National Bank of Millburn--
c. l.. Barker.
Bank of Montclair--J. A. Howe,
Charles IL. DuBuisson, e. II. Holmes,
a. A. Voorhees,.
Essex National Bank, Montclair-
r. w Grout, II. II. Simonson.
First National Bank of Montclair-
Y. w. Fuue, A Y. Gibbs.
Montclair Savings Bank-R. T..
Crane, S. II. soverel
Montclair Trust Company-H. NJ,
peudleton.
American National Bank of New
ark-E. c. Bataille, L. ]. Burgesser
L. A. Rung.
Broad and Market National Bank
David King, Charles w. Lent.
City Trust Company--W II. Peck,
1, S. Carr.
Cook.
Essex County National Bank
George f. Reeve, +. b. Adams.
Fidelity Trust Company-U. II. Nc
Carter. James III. Shackleton, Paul c..
Downing. Henry Schneider, c. G. APP
pleton, Frank I. Allen, Theodore
Hampson.
Ironbound Trust Company. H.
Bachelor. r. Keisler, jr.. f. ID.
Liberty Trust Company-A. H.
Watson, A. Fl. Peal.
Merchants National Bank-A. L.
Phillips, William II. Warner.
National Newark Banking Com
pany-D. II. Merritt, w. NJ Van
Deusen, j. W. Pittinger.
National State Bank-William l..
Cooper, H. +. Hays, jr., A. w.
Greason,
Newark Trust Company-w. b.
Day, Gofdon B. Phillips.
North Ward National Bank-J. w.
Lushear, Spencer S. Marsh.
Mutual Bank of Roseville-Clifford
f. MacEvoy, j. l.. Conger,
Springfield Avenue Trust Company
E. L. Gnichtel, Joseph Wotiz.
Union National Bank - William
Scheerer, A. w. Conklin, E. d. Farms
worth. w. c. Pearson.
Washington Trust Compapy-John
G. Elsele, Peter IS. Fox, Thomas L.
r. Crooks.
West Side Trust Compary-Meyer
t<ussy, George w. Lent, #. w.
parisette.
Howard savings 1nstitution-FranlS
f. Quinby.
Orange National Bank--John D.
Everitt.
Secord National Bank of oranae--
Charles NJ. Close.
Half Dime Savings Bank. Orange
Horace Stetson
Savings Investment and Trust Com
pany. South Orange-George Cara
brant.
First National Bank of West Or
ange-C. a. Coddington.