The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-04-04
Organization Committees Work
Declared to BE Politi-
cal JObbery.
MANY PROTESTS IN SIGHT
New Orleans. Denver. Mil
waukee and Cincinnati Are
Up in Arms.
MANY PROTESTS IN SIGH

~ ~, y,o.,.,at ,...r,.o k.nL ..,....
o."n e"oe'
1ropapiy no ACT OF the ADMINISTRATION
mas Drought iorth so many protests re-
gardless or party lines.
A. rs.,,V ,hs,. a. .,rors n. .usoos
49,. -. 20, 49, ..
80.
"o'" "O"''' VI '" s"e"" '"e
currency act ana des'shAte oy law the
locations Of regional reserve hanks.
In tho senat. tho fesiirp ,vas narti,u.
,..,,. ,,,,... aa... s,., a.. =.
'"'."ee 'v""'o's '.s''eee' "ie
sections ihtormai'y ana the opinion was
openly eNpresseu u! some that congress
shouiu take the matter IN hahd ana cor
rec' aheSeu inJus'ces oy law
Many criticisms were aimed nj the nc.
ton of the Orgunisstion committee In
cutting on from New York city the banks
II northern New Jersey and In Counerti-
cut. whose natural channels Of business
have always flowed toward the metropolis.
s,r,. S.,,,,rs ,ov,r,,.d ,h,s n, an ON.
naran, ,,yo,, b. n,int,,,,, Eay, yo.L It,.
hanLtra ,n,.r.,s,. ana ,ha so-oat,.5 vai,
a~.
Senator Weeks OF Massachusetts, who Is
member of the Banking and Currency
Committee and took an active part In
shaping the currency legislation. was par
ticularly bitter on this phase OF the or
ganization committees work.
Mr.. weekS declared that the selections
made BY the OrgnnisatiOn bore the ear.
marks Of politics and other senators ex-
pressed similar opiniOns.
Great resentment, was sboxn bv mem.
hers of tho I.nmisiana aslssston over The
rac, nm, N.u O-Ia,rs had nae, om,,taa
and Atlanta ana Dallas chosen as reserve
centres Memh.rs ~ ConSrass from Iouis
iny nnnishsd ha,,.usa ~ ,ba a,,i,ud. -,
the delegation from that state toward
the tariff bill and other Administration
measures.
Senator oGorman appeared To be dazed
a, what had happened. He asked TO be
excused from discussing IL at this time.
simply remarking that no action could BE-
taken In any official quarter that would
permanently detract from the influence
OF New York as "A financial centre,
He said that he disliked to be put in
the attitude OF being daily critic OF the
Administration and that he much pre-
ferred to support the President and his
policies and administrative acts when II
was possible to do So.
senator Hitchcock OF Nebraska an
nounced that he would ME u formal pro-
test against the decision to have omaha
placed IN the district OF which Kansas
City is to b. the regional centre.
senator Hitchcock pointed out that 90
per cent. OF the bank clearances OF Omaha
were through Chicago banks and that 90
per cent. OF the commercial business of
Omaha was with Chicago. He said that
the placing of Omaha in the district with
Kansas city was a violation OF the
spirit, n not OF the letter. OF the cur
renCy act. which directed that in making
up reserve districts regard should be had
for the natural course OF commerce.
Crtttcism Of Richmond.
Til. ,h,,c. NJ p,,h,,o,a "a
lo,.,Ior f,r a rsrion,l hanr - a. III
sion Of RsI,imnre VS. vary ra,.rary
,r,,ictsaJ T., u.,. r.'di,.1 o., ~, To-,
,usr,. -, torr SL,i,,n yyni;a,,s -,
tr,ll., q, o.. ,,n,ran,,
Word am. IN W,.bipS,,n 70 d,v ,ho,
, vigorous n,n.ss. Viii .n,, ,rn,,, -,
'Iun..,j Tb. w. s,ronr.s, nn,,,,naI
g.; a. - f-'
i",,% 49, S,.,,,', - H'i,.r ., ~,
lily Who i.d , CONTEST, J.I',o,,ion fro,,,
nortb.rn ont, a, ,h. RaI,in,er. cnn,.,,
ZION md succeeded in hrs,siny III. 49,,
ru,. ,.n,. ,o w.sbinp,or md r.r.o,siI,
urp.d Cleveland a. :, Iocat,on Tor nr.
~ the r.sion.i n, nks
hrpres.h'h,'Ne hu.Si.H' prominent
rency Committee. who helped 10 frame
the currency act. ana H. nOW on the sub
committee that is framing the rural cred
its bill. also made a personal appeal tina,
his home city, Cleveland, be selected
Her. il senator We-ks's statement
1T is not difficult Tor any one 20 crlti-
else the subdivision OF ia. country into
districts Tor the location OF the reserve
banks In fact, It is almos, impossible
20 max. an arrangement that some one
viii no, criticise
But | may fairly question III. propri-,y
of locating two banks in the home state
of one of the members and one in each
Of tn. home States OF the other members,
especially when in two IL not three of
these cases they are not natural ioca-
tons for reserve banks.
The apparent and confessed attempt to
limit the business which naturally goes TO
New York may properly be criticised. not
only because II is unfair, but II is so I'M
scientific THAT IN the end II Will not be
eHect.Ne
"hat wouio De thouEht or an English
commission trying TO reduce the impor-
lance OF London as financial world cen
ire OF rFthen commission taking the
same course IN the case or Paris, or OF
HeFnlan commission tryins To bcl!tHe Ber-
I'm IN such arbitrary FASHION
,.
me commuters Tanso'ns''
The most severe criticism however
and one in which am unqualified, - Of
The committee ,angoing about the coup.
r,,rpnsa - .al,,,. .ao.,t- a