Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-01-20
BOTH KANSAS CITY
AND DENVER ARE
RECOMMENDED
Bankers Concede Part Of State
South and East Of Rock Is
land to Missouri City, Rest
to Queen Of Rockies.

The executive committee Of the
New Mexico state Bankers associa-
ton yesterday afternoon, at the Com
mercial club, approved the application
Of both Kansas city and Denver for
federal regional reserve banks
The committee VIII ask the organi-
Ation committee Of The reserve assoc
citation 10 annex that part Of the
state south and east Of the Rock Isl
and railroad to the Kansas City re-
glop. and the rest TO Denver 1t rec
Ommends that cities on the Rock
Island be Included in the Kansas City
territory
The bankers gave their decision in
the form of a resolution. 1t follows
'At "a special meeting of the execu-
.tNo committee Of the New Mexico
Bankers association, held this 18Th
day Of January. A. d. 1914. in the
city Of Albuquerque. whereat commit
tees from The city of Denver Colo,
ana from the city Of Kansas City, Mo,
were permitted TO present the
claims OF their cities for considoru-
ton and endorsement by this body in
relation TO the establishment Of re-
Bional bank after deliberate consld-
Grafton of such claims, we, the under
signed committee. have reached the
conclusion that the interests Of New
Mexico from an standpoints would be
best served By the division OF the
state into two districts, the division
line TO be the Rock Island railroad
and those points on the Rock Island
railroad and lying east and south Of
the said railroad TO be apportloned To-
Kansas City and the balance of the
state, north and west Of said railroad
10 be apportioncd TO Denver, this ac-
tlcn, we believe, viii best serve all Of
the Interests of our state;
Therefore. be it resolved that we
recommend to the organization com
mittee of tho reserve association that
action along these lines be taken and
we heartily endorse the application
Of both cities FOR the location of fed
qal reserve banks. believing that the
liYereified interests OF our state make
both locations advisable
G. \. Blackwell, of the First Ma
ional bank OF Ration. chairman or I
he executive committee. viii appoint f
Z committee to present this resolu- /
ion to Secretary Of the Treasury Nc +
Adoo, when he visits El Paso, Feb
'uary q ON his tour Of the United
states Tor the purpose OF locating re-
iional banks,
The bankers, acting upon teie- 4
faphle requests received from the
II faso clearing house association.
authorized Mr. Blackwell To wire the
association that they would recon-
ncnd to the Organization committee
ho inclusion of western Texas, vest i
IN New Mexico and Arizona in one
district.
Henry C. Brent and A. Newman.
Kansas City bankers, representing the
laims Of that city to a regional bank.
fere heard first by the committee.
lr Brent read letters from New Mex
20 bankers. giving their preference
OF Kansas City or Denver Nearly |
u Of the bankers IN the district fin
lly conceded to Kansas City favored |
he location OF the reserve institution |
here, Northern New Mexico bank
~, however preferred Denver. Mr.. :
ewnian declared the financial inter
sts Of New Mexico and Kansas City |
'erc allied CLOSELY asserting that
3 per cent Of the money loaned in
ew Mexico on cattle came from |
ansas Ciy banks
G, A. Johnson, of the Denver cham
ar Of commerce, and J. c, Burger, |
ppoared before the committee in
ahalf OF that city Mr. Burger said
ie related Interests of Colorado and
ew Mexico was an argument in favor
Denver, That city, he declared. I
as a growing livestock center. lie
Id Denyer's interest in New Mexico
festoek was greater than Kansas I
tvs
Denver is practically certain OF !
'tting reserve bank. according To !
representatives. The Kansas CITY !
en- were no less sanguine of that Z
tvs chance. however The impress !
IN that 81. Louis viii be given a re-. =