El Paso herald. (El Paso, Tex.) 1901-1931, 1914-04-03
FL PAS0 Gets A
BRANCH Of THE
REGIONAL BANK
Trade Territory Surround
ing Ell Paso Fully Salts
fies Local Bankers.


Continued From Page One.)
the committee together to inaugurate
! the active campaign which is expected
! to assure El Paso the branch bank to
serve all of FL Paso's trade territory
The bankers in FL PaSO are more
Jubilant over the announcement OF the
arrangement of Ell Paso's territory than
the rebels in JUarez at the fall Of Tor
! reon. The bankers were unanimous IN
/ their opinion that Ell PasO had Jared
exceptionally well in the selection
| which had been made by the commit
I tee. Considering that Los Angeles,
Denver and San Antonio will get no
! more IN the organization scheme than
Ell PasO, the local banking men have
much to celebrate.
As IGl Paso is. by far the largest city
IN the western part of the Dallas dis
trict, the location of the regional
branch bank here is all but assured,
but to make it absolutely sure, the
joint committee of the chamber of COM
merce and the bankers will start work
at once and viii not stop until the
branch has been definitely located here.
The banking committee which ar
ranged for the coming of the govern
ment board and entertained them here
included .. S. Stewart. president of the
clearing house; James G. AIcNary, T. M.
Wingo. and George FlOry. The cham
Der OF commerce committee included
n l. Cobb, J. 0. Crockett, Robert
A@AA tNAAcLuCA anu " IL DllltS- MI OODU
was selected as chairman Of the joint
committee.
The bankers in Ell Paso did not hest
tate Friday to express their delight
with the decision Of the organization
committee, although they were unani-
nous in their regret that Globe and
ella county had been omitted.
8IcNary Pleased.
James g. McNary, vice president Of
the First National bank, said:
we are very much pleased indeed
with the announcement of the location
OF the regional reserve banks and the
distribution of territory. It appears to
me that the interests of EI PasO have
received very great consideration at
the hands of the organization commit
tee. In our hearing, we assured the
committee that the selection of the city
which should head our district was not
OF any great or vital Importance, but
that it was of vital importance to FL
PasO's interests that our banking and
trade territory be kept intact The
distribution of the territory as an
nounced in tOday's dispatches con-
forms very closely to what FL PasO
asked for We regret, of course, that
we could not have been placed in the
same district with all of Arizona and
New Mexico, but evidently the com
mIttee found that impossible. In pIac-
ing US in the Dallas district the re-
glonal committee evidently respected
the sentiment which undoubtedly exist
ed throughout Texas that this great
state be kept intact, and Dallas, the
most centrally located city, is to be
maze headquarters. There will be
nothing in connection with the working
or the law to prevent those cities of
Arizona which have banked in Ell PasO
but are not included in our district
from continuing to maintain their
close relations with Ell Paso banks We
hope, now that the designation of the
reserve cities has been announced. that
the organization committee will be
able to put in motion very PROMPTLY
the otner machinery necessary to put
the law into full force and effect"
Clearing House President Pleased.
~. \. Stewart, president of the CITY
HauonaI bank, and also of the clearing
expected and more 1t was a fine dis
play Of the right kind of Ell PasO spirit
ana We succeeded because of 1t. Per
sOnally- L would q little rather have
had Kansas City than Dallas for the
regional bank location, but we got ev-
erythlnS We wanted and everything is
favorable for the location of a branch
mere. me selection OF Dallas and not
Kansas City will make no material
difference in the situation here for the
tendency Of clearances is to go east"
george FIory, cashier OF the State
National bank, said: No one could
KICK at the treatment Ell PaSO has re-
celVed from the committee. We got
all we asked for and the branch bank
seems assured. Globe was left out. but
Albuquerque and much of New Mexico
that we did not expect to get has been
added to our district. I have been
marking out the territory and it is the
richest in the entire southwest and
we have lost nothing but Globe, which
IS most valuable city that everyone
would have preferred to have had in FL
PasO's district"
Likes Dallas Better.
7. NJ. WinSO, vice president of the
no Grande Bank and Trust company,
declared: we have Jared much better
by being assigned to Dallas than If we
had been allotted to San Francisco or
even Kansas City. In that event we
would have been at the extreme south
ern or eastern part of the district,
own trade territory and the location Of
a branch bank here is the only logical
thing to be done. OF course 1 am sOr-
~ about Globe, but we got everything
else. The committee certainly did its
work with as little friction as possible
and the thing for US to do now is to
90 right to work on a campaign for the
branch bank. One peculiar thing 1
noticed was that Missouri has the only
two regional banks in the same state
Kansas City and st. Louis each have
one"
A. F. Kerr. vice president of the Ell
clared: Il was pleased at the way Ell
Paso was cared for. We have lost none
Of our trade territory and have gained
Albuquerque and the richest section OF
New Mexico in our district. The brancn
bank now seems assured"
Close to FL PEEO.
Frank MUTChisOn, manager OF the