Evening star., 1914-05-18
MEET TT0ORGAN|zE
ON RESERVE PLAN
Bankers Gather in Three Cities
F.; Under the New Cur
rency Law.

RiHMoND, va. May lo.->edFiS S'e
bankers. representing majority Of the
476 banks in the fifth regional reserve
district. Of which Richmond is the CEN
tral city were called to order here at II
o'clock this morning by John NJ. Miller
jr., vice president of the First National
Bank of Richmond. for the purpose OF
organizing the district.
Milton c. Elliott, secretary to the re-
eional reserve organization committee
delivered the opening address, outlining
what the convention was expected to dc
and how to do it. General discussion
followed. -
Gov. Stuart and Mayor Ainslie will
welcome the bankers formally at dinner
| at O'Clock tonight. and Representative
Carter Glass, patron Of the banking act
will make an address on the importance
of selecting an able board of directors
for the regional bank. William Ingle OF
Baltimore and George w. White OF
Washington also are scheduled to speak
The convention will continue through
tomorrow.
Meeting Of Charter Committee.
Representatives of the FIVE banks desg-
mated by the regional reserve organiza-
ton committee to sign the certificate and
procure the charter for the Richmond
reserve bank. met at 1918 am. III the
First National Bank and completed that
formality. H. c. Macqueen. president OF
the Murchison National Bank, winning
ton, n. c.. presided.
The banks and representatives were:
Merchants and Mechanics, Baltimore
William Ingle. vice president, John b.
H. Dunn. cashier; Palmetto National
! dent. j. Pope Matthews, cashier; First
National, Roanoke. Va. II. S. Trout,
president, ]. Taylor Meadows. cashier;
Merchants National, Wilmington, n
Il G. Msdeneen citisens 1ssaen1 National
Charleston. w. Va. w. A. McCorkle'
president, J. N. Carnes, cashier.
At half past twelve the convention dis
solved into conferences by states, each
state delegation to name three select
mon they to form a nominating commit
tee of eighteen and offer to the main
hody this afternoon a board OF directors
for the regional bank.
Assembling of New York Organizers.
NEW YORK. May 1s-Representa-
tives of five banks assembled here to-
day to take the formal action necessary
| to call into being the federal reserve
bank of this district. Two banks IN tnis
des,enated to execute the certificate OF
incornoration which was to be done al
meeting Of the New York clearing
house later in the day.
|
h.nt Ia Technically organized. and the
| member banks may proceed with the
election of directors. In all of the
| twelve reserve districts of the country,
| ing held today to execute certificates In
| san Francisco this action will be taken
| Wednesday.
For Bank in Atlanta.
ATLANTA, Ga. May 1s.-Ottieials
representing the First National Bank.
Montgomery, Ala; Exchange National
Rank. Tampa, Fla; Hibernian National
Bank. New Orleans. La: First National
Bank, Jackson, Miss, and First Ma
tional Bank, Chattanooga. Tenn, met
here today to work out the organization
plans for the federal reserve bank to
! be located here. The banks mentioned
were designated by the federal reserve
| organization board to conduct the work
of organizing the Atlanta reserve bank.