The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-10-01
RESERVE BANK
DIRECTORATE IS
NOW COMPLETE
William lngle, of Baltimore,
. Named Chairman of Fifth
District Board
James A. Moncure
Is Vice Chairman
Body viii Meet In Few Days
and Arrange Prelininaries.
Will Employ Forty Clerks
In New Bank

With the nauling Of class c df-
rectors for the Richmond regional re-
serve district by the federal reserve
board yesterday. organization Of the
system viii be completed in a short
time.
The directors named by the board
for this district are: William Ingle,
Baltimore. reserve agent and chair
man Of board; James A. Moncure,
Richmond, deputy agent and vice
chairman: NJ r. III. Gouyerneur Will
mington. N. G., director.
Favorable comment upon the ap-
pointments of the. board is general.
The board gave out the following
biographical sketches Of the APP
pointees:
William Ingle Baltimore, born in
Baltimore in 1858, is now vice-presi-
dent Merchants and Mechanics Nation
al bank. entered bank in a clerical
capacity in 1881, and has remained
with that institution since that time.
being promoted in the bank to the
position he now holds.
James A. Moncure, Richmond born
in Stafford county. Va, about f1fty-
three years ago: educated in Stafford
county and Fredericksburg, VA;
moved TO Richmond and engaged in
general mercantile business until about
fifteen years ago, when he and his as
saciates took over the Richmond
Guano company; at one time an alder
man in the city of Richmond.
NJ r. II. Gouverneur, Wilmington.
y. c.. has never held public office: is
q great-grandson of President Mon
roe and member of the firm of
Hugh NacRae d Co, bankers. of Will
nington.
Other directors named by the
member banks sometime ago are:
Class A. representing the banking
interests. Waico Newcomer. of BaIti-
more. John r. Bruton, Of Wilson. N
c., and Edwin Mann. OF Blueheld.
w Va
Glass E. representing business other
Richmond: d. r. Cocker, of Huntsville.
s. c., and j. r. Oyster, Of Washing
ton.
To Occupy Temporary Quarters
Richmond's reserve bank will not
occupy an old building as permanent
headquarters, but 1t VIII. OF necessity.
have to. take up space in some con-
venient spot temporarily, and In do
irg so will occupy one OF the loca-
tons offered on Main street or on a
cross street. near Main.
Director George j. Seay said last
right that the board had a number
OF offers, none of which had been
accepted. nor could be accepted until
the board held meeting. which will.
probably be within the next few
days.
The establishment of such an inn
portant concern" said Mr.. Seay last
night. cannot be done in a mo-
nient. 1t takes time, and i am salts
fed that the board will go into the
consideration of a location with the
idea that the best place shall be
selected.
After the action of the federal
board. the next thing for us to do is
to get everything in operation. and
In order to do this. care should be
taken. and this care will be taken.
We will have to employ thirty or
forty people. Some of these people
will come from other points We
haven't the people here. even IL we
wished TO secure all Richmond men.
Some OF the other officers and direc-
tors will have something to say. But
when we get men here from other
Places. we will make It SO comforta-
BILE for them that they will never
want to go away.
VIII Lose No Time.
Just say tnat Wftnin lew Gays
the board will get together, select a
temporary place. move In. establish
themselves, and then get busy on a
permanent place. We are not going
to lose any time, but we are going to
use every care and precaution,"
1t is generally believed that the
naming OF Mr.. lngle. OF Baltimore. as
chairman OF the board. will 80 q
cong way toward reeonciling the
Monumental City to the loss of the
Fifth district regional reserve bank.
MIR. Moncure was several years ago
a member Of the board of aldermen.
He Is q man of solid achievement