The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-09
RALEIGH STANDS
WITH RICHMOND
IN BANK CLAIMS
Gives Endorsement to
This City as Reserve
Centre.
ACTION is TAKEN
WITHOUT DISSENT
Bitterness Caused by Freight
Rate Controversy Buried Faith
oms Deep Under Friendship
and Good Will of North
Cardinals L e ding
Business Men.
BY LOUIS l. IAErI:

BY LOUIS 1. JAFFE
Raleigh, ~ c., January s-Burying
under forty fathoms of friendshin and
good will the undercurrent OF resent
ment against Virginia for it's share
IN IN the freight rate controversy. tho
a.aielen Chamber of Commerce. at a
gathering of It's membership that over
nowed the convention hall in tho
Chamber OF Commerce Building. cava
It's undivided Endorsement Tonight TO
the designation OF Richmond for the
location or a regional reserve bank
iieetinE was in every respect
remarkable. Attended hy the leadine
merchants bankers and nroressir,nai
men OF North Carolina's capital It as
sumed the dignity of a truly renrs
sentative gathering. 1t wasa catherine
wh'ch may safely be taken as indica.
I've I've OIL the sentiment of tho whole
commonwealth There were present
io,,, "no nave helped make history for
ooth states. Chief justice Walter
LARK. OF the North Carolina Sunrnn,e
ouIt' round time in his speech intro
uuclng former Governor Andrew Jncl,
son montague, of Virginia. To sne,l,
WIN Judicial emphasis of the import-
'ne banking reforms which the new
currency law holds in immediate sto,.a
III the country and for the South
congressman Montague, cbeered a.
usi'sticaiiy for many minutes. smoke
. iehsth or the regional reserve h,nl-
scheme. and the Importance of 80
serving the South as an unbrol.er
atciai entity served by a reserve
the Sou.,'. ny men who understand
80 Dramatic Moment
ihe dramatic moment or tba
| .as, Which lasted late into the nis,s,
rsa.e -lWehty minutes before adio,,rnT
r. w W,n.t s.lrring speech from Judge
CafoIina's deep sense of iniu,., t,oI.h
liehtment meted out to her j.; t,.
nsishl rate controversy bv S..
wien, oy every bond of blood and hnsi
an' eas' should be the last to place obsta-
cles IN the way of North Carolin,,s as,
vancement oi'ha ad-
Judge Winston with tho e,oo,
on Whlch he is famed dwelt long and
eehuerly upon the relations or tho 49,
States s;x,ia through the struggle of the
es the esa,ah Inc attitude of Virginia in
was IKE stab from friend. u'
Dut we love Virginia, nevcrtheIessn
"noiuoeu Judge Winston 'and we lova
ner SO wei that we are not going to
r;da aii. thls unfortunate matter to di.
mond. and I hope this Chamher ~.
'i, commerce Will vote to support her W.
VII Tor this occasion forgive tha T.,
tustice she has done U.S. i'm the hona
@ aiiat sne VIII help us to correct II
move that this body. by risIne
indorse the resolution sunnortinse p;ot' so,e'
ihond for the location of rs.;n,n,
reserve bank" iestohaa
Iresident j. c. Drewry, of the Chan,
pei OF commerce. put Judge Winston,s
mo.iol, ana the membership rose to a
! man The cheering that followed e1ast.S
Ior many seconds. 1t demonstr,ta,, -
i,iehushlp FOR Virginia and its canitoG
Siy that VIII not be shaken. whatever
resional division or financial apnor.
santin may be meted out to this
sec'ion or the South
~ Cup of JOY Filled.
Ihe Endorsement of tho E,,1s;.
Shainoer OF Commerce filed to tho
Drlm the Richmond deleSation,s run 20
Joy; Earlier In the day at Goldsboro
1t had won a hard-earned victory ~,
convincing the Chamber Of Conmerca
OF that city that IL could not efford
10 let a more or less imaginary freirht
,ate grievance stand in the way of Civ.
ing Rlchmond its Endorsement.
ohc by one the speakers at tho
Goldsboro meeting admitted the force
OF the argumt mt that the two nattera
were wholly distinct. and that OF the
TWO. the financial question was by far
the more important. After a full two
hour discussion, the body voted over
whelmingly to indorse Richmond as
the logical site for the establishment
VI tHc reSICEai reserve bank to servo
TINS section of the South
Almost contemporaneouslv with tha
meeting at Goldsboro. there met in
! raleigh this morning the executive
comtntttes of the North Carolina
Bankers Association, called together
by President Holderness of the assoc
citation. for the express purpose of
taking action on the regional reserve
questions There was no division OF
opinion. To q man. the COMMITTEES
voted in favor of resolution demand
ing the establishment of the bank in
Richmond.
added to these developments came
! encouraging news from all sides.
From tho United Commercial Organi..
cations of Lumberton. n c. came a
message to Business Manager Dabney,
OF the Chamber OF Commerce. as
Raleigh to-day. Transmitting n resolu-
ton indorsng Richmond as the logi-
cal location for ono of tho reserve
banks. copy of the resolution ac,
companied by tho telegram Urging
their support, the message to Mr. Dab.
states Senator'S Lee S. Overman and
r. Nj. Simmcns, and TO FL L. t;otlwin.
Representative in Congress-. from the
I.umberton district
The meeting OF the execuriv, com.
mttee of the Nortl, Carolina Bankers'
Association attracted TO Raleigh d. Z.
score or more of bankers not nambera
of the committ,. 49, attended tho
open meeting. cr. loLuy OF the Var
borough House :..ss:rsblei an infant
bankers convention,
"Asheville, n, c.. is with you,". said
Captain J. r. Sawyer. former president