New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-08
State All Represented.

y. Y. farmer y. Y.
State All Represented.
As appears from this list the regular
nominees Were selected TO represent tn.
state geographically the bankers coming
from New York City. Ithaca and Buffalo
and the business men from New York,
Troy and Watertown The opposition.
working without much definite plan, has
chosen its men from the eastern and
southern parts of the state.
The peculiar needs of the new system
were, provided for in the committee Sc
lections in naming among the bankers
the president of one of the great COM
mercial banks of this city, with two
others who. from their experience. are
faniliar with credit conditions upstate
Foeeign trade conditions are familiar 10
NJ -owne and Mr.. Peabody. whose bust
ness as manufacturers OF hardware and
Of collars requires them TO have repre-
sentatives in the principal cities of
Europe. and TO Mr.. Outerbridge, who, IN
addition to his experience in his shipping
firm is chairman of the executive COM
mittee of the Chamber of Commerce. 1t
Of the regional bank in this city that the
new system will come in touch with the
great financial centres of Europe.
These careful plans of the committees
have, however. not been allowed to 60
through with the harmony expected.
Jealousy Of so-called Wall Street influ-
ence and OF the State Bankers Associa-
ton prevented. end IN addition, it is
charged. personal ambition came into
play. At least two of the opposition can
ddates were on the nominating commit
tees and Joined I'm the unanimous APP
prevail Of the men selected. \ third had
been an active candidate for, some weeks.
Nominees from Group Opposed.
The principal argument used last week
az the meetings at Albany and Utica, at
which opposition candidates were named,
was that. no matter how great might be
the resources OF the regional bank or
how large and intricate were its financial
operations groups of banks with smaller
resources should not be represented by
bankers from the first group OF the larger
Institutions. An attempt was made 10
show from the presence of Stuart d.
Gibboney, counsel of the reserve organ
ization committee. that the administration
supported this view. Since none of these
preliminary meetings had any legal
status Mr. MoGibboney properly went
wherever he was invited TO explain what
the law meant. hut he has expressly de-
MED I'm private conversation that he or
Washington was in any way opposed TO
having all the Class a or banking Iii
rectors from the larger banks of Group l.
as has been proposed by the regular
nominations.
The following list OF candidates in other
districts shows that generally throughout
the country the institutions with greater
resources are being called on 10 supply
the banking directors. Out OF forty-one
men already recommended in the other
districts into which the country Is Gi
Vded only five were not members Of
Group !. The names and groups are:
Class A Candidates.
FIRST DIsTRlCT-BoSTON.
GROUP l.
Member OF
W A. CASTOR. presiden, National shaymut
hank Observation-Disclosures. 1
THIRD SIRiCr-PHiLApEIpHIA
GROUP l.
{. j. Rhoades yico-lTesldent Girard Tru,,
70. ACKNOWLEDGEMENTS. .................. I
GROUP .
b Barry. cashier First National Bank
JohnstONn. Penn. ...................
". II. Peel. president Third National Bank
}. wsyne' St.. yice-president Gir,rd Ma
uonal Bank .................
GROUP 3.
Moore ir president National Bank OF
-.
Q. Parker president National Bank OF
oNsw Jersey. New Brunswick ............. !
N stewart president Valley National
~oahE. Chsmbcfsburf Penn. ............... 1
Murphy. cashier Traders National
D~hk scranton. Penn. NEUTRALITY-SUSPICIOUS..
FOURTH DIsTRIcT-cLEvELAND
GROUP l.
r.. Wilson. wce-president First National
Ca Cleveland Observation-Disclosures. 1
a., Paine. president National City Bank.
j eano ACKNOWLEDGEMENTS. !
A, b.; wsrdrop president Peoples National
Us Rove. PRESIDENT First National Bank.
eu OBSERVATION-DISCLOSURES.
GROUP Q
s.,zs Graham. cashier Citizens National
N"ey ONO ACKNOWLEDGEMENTS. 2
p, GRoU9 g.
hss yvonnson. PRESIDENT First National
II psferly. Ohio. Observation-Disclosures. .
cAarlss,n, private banker. Bank Of South
xs,'n south Charleston. Ohio. ....... >
nth DisrRIcT-RicHMoND
GROUP !.
her' President National Exchange