Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-06-13
a CHANCE 70 eoosT IOWA.

A CHANCE TO BOOST IOWA.
A number of Iowa's foremost, az
! gressive and progressive men have at
their own expense Of time and money
traversed the state to impart their en-
thusiasm to our citizens for greater
Iowa.
Their patriotism is to be admired
their unselfish work Is to be commend.
ed and their example should be emu
lated Greater Iowa is their watch
word, let it be ours and yours.
In this connection, Iowa now has the
opportunity to secure two members OF
the board of directors of the federal
reserve bank of Chicago.
This regional bank, one of the
twelve in the United States under the
new banking act, will have nine direc-
tors. 1t will have something over 900
member banks Of which total number
there are approximately $40 In Iowa.
There are more member banks IN
Iowa than in any other state in the
district of the Chicago bank. Illinois
comes next, but Iowa has more than
Illinois and has more than all the
members put together in the states of
Indiana, Michigan and Wisconsin.
All lof Iowa is in Chicago district.
Only parts Of Illinois, Indiana, Mich
igan and Wisconsin are in the Chicago
district.
The directorate of the Chicago bank
viii he composed of nine men. Three
of them class "a are to be bankers
to be elected by the member banks of
tie Chicago district.
Three of them, class "B,' are to be
bu 4ess men and cannot be active
ba kers, and are to be elected by the
member banks of the Chicago district.
Thee Of them, class &C." are to be
a-pai-ted by the federal reserve
board
Tic member banks Of the Chicago
district are divided into three groups:
Group includes all member banks
whose c. pilal and surplus is $780,
OCO ard ol er.a
Gloulpl, Q includesS all member banks
whose capital and surplus is $4,000
and less than $4,000.
G.. - ) Includes all member banks
whol. capital and surplus is less than
$4,000.
nacn group in the Chicago district
votes Tor two members of the direc-
torate, one of class "A" and one of
class b.
The reasons why Iowa should have
two directors on the board:
First.-Iowa is the only entire state
in the district.
Second.-IOWa has over One-third OF
the member banks in the district.
'rhird.-Iowa's production from her
diversified manufacturing industries
added to her immense production OF
farm products will show greater
production than any other state that is
in the Chicago district.
Member banks in Iowa are taking a
ballot to concentrate on one candidate
for class "A" Group 8, and Iowa should
get behind that candidate with all her
initiative force and influence, putting
up solid front with Iowas vote and
getting recruits from outside the state
wherever possible.
Iowa has only one candidate for
class "B" director and that is in Group
Q and the man Is NJ B. Hutchinson of
Ottumwa.
At called meeting of the Iowa
members OF Group of the federal
reserve bank of Chicago in attendance
at the convention of the Iowa State
Bankers association at Clinton last
week, Mr.. Hutchisons candidacy was
unanimously and unqualifedly en-
dorsed.
If Iowa will get behind her two can
didates and If Iowa bankers, news
papers and citizens in general will give
Of their influence in Iowa and else
where in the Chicago district towards
the election of these two candidates,
then Iowa can elect and can have two
Of the directors in the first federal re-
serve bank in Chicago organized under
the new banking act. Will they do it?
Will you do It?