The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-07

from the boosters In the Carolinas the
headquarters force leading In the fight
10 have located In Richmond ono OF the
Federal reserve banks provided for In
the now currency law, worked until
! iatc IN the night last night answering
inquiries ana uiepatching letters and
lei. grams In all directions. The gem
erai committee Will meet this after
! noon at 3:30 o'clock at the Business
Mems CLUB: TO review the situation II
ils expected that vigorous protest will
DC nude against the PROPOSAL of GER
York reserve district be created OF
sucf magnitude that II would absorb
80 10 % per cent of the entire avail
serve banks thus In practical eject
creating the central bank Witch Con-
gress distinctly tried TO avoid in fran
! reports from Washington Indicate
mat tentative plans have been drawn
| oy which Richmond would be placed in
, more and several Northern states with
! headquarters a. Washington. Mem
3ers OF The local committee protest that
Richmond belongs TO the South, and
that all Of it's trade relations are with
I The South. Protests against any such
/ thgnment nrc already coming in from
Many Favor nichmond.
among the letters and kilograms re-
ceivad at Headquarters yesterday the
/ following shows the trend OF thought
in Virginia and the Carolinas:
| American Trust Company. Charlotte:
we are natural" inclined to favor
/ Richmond AS the best point, and will
uEe whatever influence we might have
in behalf OF Richmond"
Greensboro Loan and Trust Company.
| w r. Allen, treasurer: You need not
doubt that North Carolina will favor
! kichnond. don't think there Is any
division among tho Greensboro banks.
! we certainly don't want to be placed
! in n zone with the banks south OF us.
F.! II would not work"
Southern Savings Bank. Wadesboro,
y, G., john w Gulledge. president: 1t
! VIII give us great pleasure TO do avery
! thing In our power to get one OF the
reserve banifs located In your splendid
city We win write our Senators and
| Representatives to use their influence
in behalf OF Richmond. If you think
OF anything else we can do in connec-
ton with this matter let US know. and
we wili be glad to do it"
Don't Want Atlanta.
Point, ~ c.. J. EIwood Cox, PRESIDENT:
Several days ago wrote the presi-
/ urging him TO call Il meeting OF the
bankers or our State with a view to
uniting our influence in favor OF To-
banks In the city OF Richmond You
can depend on II. I VIII do all can
for Richmond. IT would be very UNI
or the bankers OF our State to line up
| With regional bank in Atlanta for
T, instance"
salem Rs9D:s g. Satj0nS! F EpTs wi1st9s
We are very much interested in the
subject. OF course, We would much
prefer to have our district reserve
bank In Richmond than in Atlanta. We
have been debating whether Virginia,
! North and South Carolina had not bet
ter unite on Washington as against
Atlanta II the organization committee
| Is at all committed 20 Washington aa
the seat OF the government. Ii would
be playing into the hands OF Atlanta
/ for even Richmond to oppose Wash
ington."
Winston Salem Board Of Trade: ITO
transfer our financial Affiliations to any
city 70 the South OF US would not
only Do temporarily disastrous. but for
commercial and Industrial operations
| Of North Carolina. We would prefer
to be In the New. York district, or in
some section 10 the north OF us"
| Norfolk stands by Richmond.
Norfolk Board Of Trade ana Business
Mems Association. William T. Ander-
son, secretary: The Board Of Trade
and Business MEMS Association, or
and assistance IN securing the loca-
ton OF ono of the Federal regional re-
serve banks in Richmond by resolution
Of the board OF directors this date"
| Germanla Savings Bank, Charleston.
): c., Henry Schachtc. president: II de-
sire to state that Richmond is the
| point that ] am in favor Of for the
location of one OF the Federal reserve
banks. I feel sure that tho committee
appointed OF Columbia will advocate
! Richmond when they find that very
probably Columbia would not be an ac-
ceptable point"
,ls :,, Bank Marion. S. g. II. A.
| Secretary OF the Treasury, asking that
Richmond be designated for a Federal
/ reserve bank, and giving our reasons
therefor; Columbia is making spe-
cial and earnest effort to secure one
OF tho Federal reserve banks. and we
suppose that every loyal South Caro-
! l;nian would like TO see the capital
city go honored and would like to SEQ
| any trade or prosperity that might be