The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1914-04-10
lFyEPVE BANK FOR TEXAS
,s TEXAS, THE LUCKY CITY
DALL r"spTuRE PRlzE-REsERVE
sANK FOR SOUTHWEST.
WE'VE INSTITUTIONS NAMED
!. New York, Philadelphia, cIeve'
s'yp' plchmond, Va; Atlanta, Chi
Aa. .oo, St. Louis, Minneapolis,
=. KANSAS City, Dallas and San
francisco Cities Named.

r..bington. Notwithstanding the
y campaign waged by thirty-seVen
l y. throughout the United States to
!, s designated as regional reserve
= i. under the new currency law,
CIV \ announcement of twelve selected
- ~. made by the reserve bank
aarsanisation committee ittt, Thursday
',ssebt forward but little complaint
o !, these is the fact that Pittsburg is
y ystsd with Cleveland, and Philadel'
l lila is given a bank.
rho situation in that section of the
.anfry was tightly drawn, but in
Vim. Ting its decision the committee
n..sbed what it regards as a salts
, sstory solution Hearings were held
,s', sehteen of the leading cities be,
...n the East and West coasts and
- likes and the Gulf Of Mexico. Al
,,s.ial statement issued by the com
.tttsa Thursday advised that among
~ many factors governing the COM
-I,top in making the selections were
- obility of the member banks
ssAin the district to provide the
a,nimnm capital of 100000 re-
sn,ed for national reserve bank on
- basis of 6 per cent of the capital
AMI and surplus of member banks
within the district.
Another factor considered was the
commercial, industrial and financial
,oDnections existing in each district
M the relations between the various
urious of the district and the city
,assfed The probable ability of the
pserye bank to meet the legitimate
1,msnds Of business, whether normal
n abnormal, in accordance with the
girit and provisions of the law was
slso considered.
Geographical situations, in a gen
al sense. transportation lines and the
bdlifles for rapid communication be-
tween the center to be selected and
other portions Of the district were also
considered. With this went consid'
cation of the population, area and
PREVALENT business activities of the
district from the standpoint of agricul'
tue manufacturing, mining and com
neYcial industries, its record. OF
roEth and development in the past,
and future prospects. Branches of the
isdersl reserve banks will be located
hid established by the reserve banks
Trough the reserve board. The or
aaizatiOn committee has no part in
L and announces that such materials
Is it has gathered bearing on that
kature Of the law will be delivered to
be board when named.
The Texas district is distinctively
{ Ia Southwestern cast, and brings to
gther business territory that has fol
laar had a community of interest
4 laaddition to the entire State of Tex
Sit embraces practically the south
en- half of New Mexico, all of the
seuthFestern portion of Oklahoma
fhg below Oklahoma City, Muskoget
and Shawnee. The northern half o.
Oklahoma goes with Kansas City,
designation the business and banking
hlegests Of that state earnestly de
slsd Added to the Texas district il
ae western portion of Louisiana, ant
: tier Of southern counties in Ari
laa which are directly in touch will
Texas through Ell Paso by rail ant
eHeral business comfy.