The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-11
BANK APOSTLES
END CAMPA|GN|N
NORTH CAROLINA
Nine Cities Join Hands
for Reserve Centre
Here.
SOUTH CAROLINA
NOW TO BE VISITED
Local Delegation, Encouraged by
Last Weeks Successes, Ex-
poets No Difficulty on Re
mainder of Itinerary-Con-
cord and Charlotte Latest
Recruits to Cause.
ny LOUIS L LAFFE.


cord and Charlotte Joined hands to-
day with the seven other North Caro-
lima cities that the reserve bank dele
cation has visited this week, and gave
their Endorsement to the appointment
OF Richmond az the location for one
of the regional reserve banks.
In both cities the Richm onders met
with hearty reception. Concord had
provided an elaborate entertainment
program, and speeded the delegation to
Charlotte with a resolution declaring
IL to be the opinion OF its bankers
and business mon that Richmond was
the logical point for the location of a
reserve bank TO serve this section OF
North Carolina.
At Charlotte the delcga was met
at the station by a committee from the
Charlotte Clearing House Association
which had in advance provided quar-
tiers for IL at tho Southern Manufac-
turers' Club. The members OF the
clearing house. together with proni-
nent local manufacturers and business
men, numbering more than two score.
gave the visitors n hearing tonight in
the clubs assembly room
Has Spoken for Itself.
President a q. Bren!zcr. of the Clear
ing House Association, presided. George
j. Seay and Thomas Is. McAdams ably
presented Richmond's cause, dwelling
upon the Importance OF bringing about
IA union OF the financial interests or
Virginia and the two Carolinas TO the
end that these States might secure the
naming OF a reserve city familiar with
their needs and 30 located as to he able
20 serve them without disturbing their
present business and banking afhlia-
tons
II was pointed out by President
Branizer that the Clearing House AS
ISOLATION has already applied TO the
national organization committee Tor u
hearing for tho city of Charlotte her
self as candidate for tho location OF
a reaerve bank. II could BIO hardly
expected he said, that under thesn cir
cumstances the body would care at this
time to reverse its action.
Tho situation was met by President
IL. 81. Victor. OF the National Bank.
who offered resolution declaring
Richmond to be Tie next choice OF the
Clearing House Association, In the
event that thu bank could no; go to
Charlotte. The motion met with In
slant favor. and was seconded by
President George Stephens. of the
American Trust Company. II was put
to vote. and carried unanimously.
In Offering his motion. Mr.. Victor
who is ai.o secretary OF the Clearing
House Association. said that If that
body had not already asked for a
hearing from the national organization
committee. II would have voted in
From the point of view of the Rich
mond delegation. the restriction was
negligible, since the possibility Of
Charlotte being named is considered
remote.
The action Of the Che rlotte- Clearing
House Association rounded out with q
fitting climax the frst week of the
tour OF tho Carolinas in the interest
OF regional reserve bank for Rich
mond. 1t made unanimous the verdict
of the nine North Carolina towns visit
ed that the Old North State wants the
bank at Richmond. and ut no other
place.
Good News Flows In.
Good news flowed in to the commit
tee all day Upon Its return to Green's
boro from Winston-S Salem early in the
morning. IL learned that notwithstand-
ing the spirit Of hostility displayed by
the Greensboro business men at the
meeting yesterday afternoon. the new
ly elected board OF directors of the
Chamber OF Commerce had by unani-
nous vote adopted a resolution asking
for the appointment of Richmond as
the logical reserve bank location. and
calling upon the States representa-
tion In Congress to further that end.
True to yesterdays promise. the di-
rectors of the Wnston-S Salem Board
of Trade held a meeting this afternoon
to take action on the reserve bank
question. The body voted to amend
Its original resolution. Endorsing New
York, In such way as to amount vir-
tually to an Endorsement of Richmond.
The new resolution declares 1t to be
the conviction Of the Winston -Sa lem
Board Of Trade that North and South
Carolina and Virginia are SO closely
related I'm their business affiliations
that they should not be severed and
placed in different reserve districts.
Moreover the resolution declares 1t
is the sense of the body that regional
reserve bank located in a city to the
north of the three States named would
best serve their banking and com
merclal needs.
Taken in conjunction with express
sions from individual members OF the
board to the effect that Richmond is
Winston Salem's first choice, the
amended resolution Is regarded as boz
ing hardly less than direct indorse-
ment Of Richmond as opposed to any
other competing city
Dabney Highly Elated.
Business Manager Dabney. of the
Chamber of Commerce. who has been
official pilot OF the campaign commit
tee. was highly elated tonight Mt the
success which has crowned the dele
cations first weeks effort. The re-
. suits were regarded as extremely en-
couraging also by George ]. Seay, who
has shouldered tho burden OF the
Rpeechmaking, and by Horace n. Smith.
who has been the delegations business
and publicity man.
Il don't think we will have any
trouble enlisting South Carolina in our
cause" said Thomas B. McAdams, to-
Continued On Fifth Page.)