El Paso herald. (El Paso, Tex.) 1901-1931, 1914-02-09
Arizona and New Mexico
Bankers Join Ell Paso in
Urging United Territory.


II EGARDLESS OF the location OF
the regional reserve bank. that
district comprising all of Ari-
iona, New Mexico and that part Of
Texas lying west Of the Pecos river.
Of which FL PaFo is the hub, must be
left intact.
Ihat was the unanimous appeal Of
bAe bankers mining and business men.
ana caruemen of Arizona and New
Mexico who stood shoulder to shoulder
with El Paso in the hearing before the
committee composed of secretaries w
- McAdoo and David +. Houston, held
saturday night.
FL PasO business men filed with the
committee figures and statements
carefully prepared, to show the prog
Less ana resources of FL PasO and set
Iorth the solid business reasons for
Keeping the southwestern district to-
gether.
While Ell Paso showed that its fer
rlIory was Of the utmost importance
70 Its existence and progress. both
New MeX1cans and Arizonans emDhat-
lcally declared that FL Paso itself was
JUST as important to them, and their
plea was to be left in the same dis
Jrlct with Ell Paso
Regional Bank Location.
No requests touching a location Of
regional bank were filed with the
SOIhInlIIee. 1t was only when secre-
tary McAdoO or secretary Houston
asked the witness direct about prO-
posed location for a reserve bank of
lhe district that the witness made a
reference to it. In the answers given
AIlZonanS were unanimously in favor
OF san Francisco. while New AIexicans
favored Kansas City for the reserve
CITY While FL PasOans were more or
less reticent on the proposition it is
DeneVed that the majority would favor
Kansas City ArizOna's trend is TO-
ward the coast and San Francisco is
7
NeW Mexico is rapidly reaching out
LOT Kansas City, and the belief like
mat held for FL Paso, is that Kan
sas City Is the logical and most ia
vorable location for a regional baD1-
Tor all this section. However. the
main thing with the two states and
- Faso IS TO keep them in the same
territory With that definitely ser
tied the three could and would settle
on location for a regional hank for.
me me district in which they were en-
Dallas, Texas, as the location for
the reserve bank, received OnIv one
supporter, II. p Saunders cashier Of
the american National bank of Ros-
vel, n NJ. who said however. that
LOS wen ana the surrounding territory
sas City.
Fl Paso's Case Wen Stated.
r. w. Philips, official reporter of I
the committee, stated that the case as (
presented in FL Paso was the most /
compact ana pest prepared case that J
haC been presented 20 the committees (
since the hearings started. Before I
reachlng 81 PasO BOO pages of tesri- +
mony mad been Transcribed. Type !
writers are carried and the reporters I
prepare the testimony on board the
train In this way they keep up with 7
the records.
The Main Point.
Ell Paso. comes before your honor
able committee" said T. S. Stewart
president of the CITY National ba-I5
and president Of the Ell Paso clearing
mouse who was the first speaker,
NOT asking for a regional reserve
oank, as have most of the cities in
winch hearings have been held but
Ldlner 10 ask that the territory from
! w 8.l she draws the greater part of /
nef business be not divided - That I
territory, M Stewart explained. com
2rlsed all Of Arizona New Mexico ana
5ecos river Eagle Pass he stared
vas the limit to the FL Paso 6istrict
MI stewart stated to secretary Nc