The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-10
RATE NEMESIS
ON PARTY'S TRAIL
Endorsement Withheld Because
of Part Played in Rate Fight
by Virginia Citics-Twin
City Board May Take
Favorable Action at
Meeting To-Day.
BY LOUIS I. IAEEE.


The freight rate Nemesis trailed the
Richmond reserve bank apostles to-
day through the heart of North Caro-
lina's wealthy Piedmont sectiont in
truding itself mistakenly In the con-
ferences on the regional bank Dues
tion At Greensboro fractional
meeting of the board OF directors of
the Chamber of Commerce, while ad-
mittlng almost to a man that Rich
mond was the logical reserve city for
this section. withheld it's Endorsement
because OF the part played by Virginia
cities IN the pending rate controversy.
informal conferences with bankers
and business men disclosed the same
hybrid sttuation-a disposition to favor
Fichmond as the location for a re-
gional reserve bank, Offset by a BIT
terness engendered by the rate differ
ehce which holds in check unqualified
Endorsement
In ston-Salem, where the Rich
mona delegation met the directors OF
me board or Trade at night meeting,
the reception was most cordial. Tho
pooy mad several days ago taken ac-s
tion faVoring New York as the reserye
iS' IL gave the delegation cure
iui nearing, and declared Its purpose
TO take up at once with the board the
question OF modifying its original ac-
t'oh' so as to give room for an indorse-
ment or Richmond Bankers who
spoke at this meeting were inclined TO
give the Virginia city the preferences
Most Trying Day of Trip.
rom the standpoint of the Rich
inond delegation, it was the most trv-
Ing day encountered since the bagin-
ning or the Carolina tour on Tuesday
plunged by 150-mile jump from
naieiSh, where its mission was ra
ceived with the warmest ..cclaim in
10 the heart of that section OF North
Caroiina which has borne the br,,nt of
the rate fight
AL Greensboro, where the Intorst,ta
Commerce Commission rave 81 haari,s. 70
20 poth factions, the feeling was most
intense, manifesting itself In an nm
Miiiiii ness to indorse any plan carry
'"S auditionai advantage to Richmond.
IN their efforts to dispell this spirit
OF hostility the speakers In the Hi,.i,-
mond party were only partly slccess-
iul. Ihey succeeded in securing rn-
iuctant adpissions that the rate con.
troVersy and the reserve bank question
were utterly unrelated. One convert
at'sr a. ahother admitted that it would
De toily FOR North Carolina to retaIiata
Tor more or less imaginary Injustice
at the hands Of Virginia. by-assuminn
an additional financial disability in
Withholding its support from Rich
mond.
After meeting at the Greensboro
Snain per or Commerce, in the course
OF which George j. Seay. w r.
l'abney. Thomas b. McAdams and Hem
ry Il. Litchford presented Richmond,s
ciaim Tor regional reserve preferment.
while Greensboro men gave eloouent
voice to the freight rate grievance. r.
q. Vaughan. OF the Commercial Ex-
change National Bank. offered a motion
declaring 1t to be the sense of the
meeting that Richmond should be rec
o'nmend for appointment. A recorded
vote was called and the motion failed
by one ballot.
Definite Action Not Possible.
President e. p. Wharton, OF the
Greensboro Chamber of Commerce, pre-
sided. He announced before the motion
was put that there was not a quorum
or the directors present. and that n
motion committing the chamber or its
board OF directors to any definite ac-
ton could not be considered At the
suggestion of Mr.. Vaughan he admitted
the motion seeking TO place on record
The sense of the members present
Upon motion from the floor it was
voted to submit the question OF indors-
Ing regional reserve city to the next
meeting OF the board of directors The
annual meeting of the chamber for the
4
Ing held tonight 1t was thought
probable that the new board of direc-
tors VIII take action upon the banlc
question either Tonight or at a meet
ing to be held in the next day or two.
The Richmond delegation was given
assurance before leaving Greensboro
that Richmonds claim for preferment
VIII be pressed before the board meet
ing, and bankers particularly predics
ed that the Virginia city will be- in
dorsed
The wound caused by Greensboro's
partial rebuff was healed at night by
the warmth OF the reception given 10
the ltichmonders by the Board OF Trade
of Winston-Salem. The party was
zendorf Hotel to the Board Of Trade
room. where the board of directors ac-
corded tho visitors an attentive hear
Board OF Trade. told the delegation at
the outset that the directors had al
ready indorsed New York. informing
them. however, that the body was will
ing to hear Richmond's claim which.
he, said. would receive the most care
full consideration.
With the delicacy OF the situation
nrsknnto% nnderstoGd Ma all sar around Mr. pabney
the ablest expeditions of Richmond's
cause that he has made during the
tour. He was followed by. Mr.. Me-
spondcd to the demands OF the situa-S
tion with addresses of unusual strength
Deep Impression Produced
1t was CLEAR that the preseutment of
preston. President T. H. Maslin, ee
the Merchants National Bank, of Win.
ston Salem, said that there could be
%an,ns 70 be aSGSt aad weh Mq5'e vren
the same reserve district. and that itt,.S
would himself be- inclined TO fayor.