St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1914-04-11

llation OF 339,O75 Is one and one
third times the combined population
!; Of Dallas and Atlanta, whose banking
capital 10 more than 81 ,00O. 900 great
er than the combined capital OF tho
banks of Dallas and Atlanta. whoee
banking resources Of $1O4, 829.1 ITO IL
greater by $14,S29,110 than the cora-
b;ned resources of Dallas and Atlanta.
whose assessed valuation is one and
one-third times as great as the as
sessed valuat ons of Dallas and kt-
lanta combined. whose enormous
tributary country, whose early de-
velopment of important banks and
unrivaled banking history. whose pc
sition as the premier port Of the Gulf
of Mex co, the only seaboard which
has been deprived entirely or recogni-
ton, whose presently tremendous and
steadily increasing foreign trade
through the Panama Canal and other
wise with its necessarily tremendous
volume of foreign bills and attend
ant banking requirements, and whose
acknowledged ability to support and
care for a reserve bank alike demand
ed the location within It's borders of
such a bank.
1.-The arbitrary outlining Of re-
serve district in such q way as t.
cut of from New Orleans the greater
part of it's own convenient and tribu-
tary State of Louisiana. and the
thrusting of that city as an adjunct
INTO a district the greater part of
which it normally and customarlly
leads.
1.-THE thrusting of the remainder
of the State of Louisiana customarily
tributary to New Orleans into an ali
en- and distant reserve district in con-
travention of its inclination. its coz
venience, its natural course OF trade.
its customs since time immemorfal,
and it's logical channels of finance.
''Whereas, the foundation of the
banking system of this great country.
not upon the firm rock Of its own
inherent merit and applcably to .he
needs Of the whole people, but upoa
the moving sands of the temporary
demands of political faction must
necessarily result in disaster to the
commerce and industry of the couE-
try and danger to our republican in
''Now. therefore, be it resolved.
That the confidence of this communi-
~ in the entire proposed banking
system as a system founded on an
earnest effort to meet the needs of
the whole people, without regard to
location or political af-
liliation. and administered by impair
tial heads without bias or partisan
ship, is rocked and rent to It's very
stone; that this commun.-
" sees in money power thus utilized
IN its inception to pay political debts /
and forage political letters menace
to tbs republic far more overwhelm-
Ing than that which threatened the
United States of Andrew jackson, and
caused the dissolution of the Bank
Df the United States; that this COM
munity foresees the upbuild.ng OF
this country of ours of . plutocracy
having at it's command the vast IL
nancial resources of the government,
using those resources to Increase Its
power and maintain its sway. a plu-
tOcracy deaf to reason, blind to JUS
Eice. scOrnful of right; that this citi-
Eenship now rises to crush in its M
fancy such an octopus and demands
without delay congressional .nvesta-
cation Of the methods used and Of
the influence brought to hear upon
The reserve bank organization COM
mittee, and q relocation of the re-
serve districts and cities in accord
ance with the just requirements OF
he business Of the country and the
)r0vis .ons Of the currency act; that
his community demands In no NM
certain terms that the reserve bank
committee be taught
'nce and for all time that they serve
md do not dominate, that the law
s the welfare of the State, not the
Welfare ri their personal friends, and
POLITICAL allies; that they are al N
trument, not an autocrat; that they
ire not greater than, but subseryient |
o, the people who created them.
Be 1T further resolved, That copies |
4 thes e resolutions be sent to
The president of these United
;tates
The reserve bank organization
ommi ttee
The senators from Lou 'siana
The congressman from Louisiana
The members Of the United States
enato
THE members of the House Of
tepres entat yes. and
The public press .
New Orleans, April 4, 1914.