Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1914-01-08

RESOLUTIONS.
Organization Points Out Advantages
Wh.ch Would Follow Were il
Placed in State Capital.

Richmon5. Va, Jau. S.-Resolutions
!indol sing this .ity as the logical To-
catcn Of one of the proposed regi-
onal reserve banks were passed last
night at meeting Of the executive
council OF the Virginia Bankers AS
sociaton at the Commonwealth Club.
The full text of ghe resolution fol-
lows:
The executive council of the Vir-
ginia Bankers Association heartily
favors the selection of the city OF
Richmond, Va, as one Of the regional
reserve cities under the provisions Of
the currency act. The geographical
position of Richmond; the great
volume of its banking business; its
; Importance as 3nufacturing and
! iobb!ng center; its extensive shipping
! facilities, both by rail and by water;
its proximity to deep water navisa-
ton, both coastal arr, trans-oceanlc,
are only few of the considerations
! which must commend it to the judg-
: a1ent Of those charged with the Sc
lection Of the reserve cites. as one
peculiarly adapted to the purposes
: contemplated by the act.
, "'rhe advantages to the banks and
peoplc of Virginia of the selection of
! Richmond are manifest. The .Hember
banks CT, the. district in which the
regional bank is located, will have
the right TO elect SIX Of the nine di-
rectors. The business sentiment of
the district will thus be directly re-
! flerte in the board Of directors, the
! majority of which will, in the evc"-
of the selection Of Richmond, possess
! full knowledge of Southern local
/ condit; ons, and will thus be enabled
to respond intelligently to their le-
! gitmate demands.
! "Th;s council urges upon the mem
! bcrs of the association and also OF
| the banking association of adJoinln'
! States. their earnest cooperation in
, the effort to obtain for Virginia this
! recopnition of her great material and
financial interests
Thirteen members Of the executive
! committee were present. Il was de-
cD ed to hold the next annual meet
:nr of the association AZ Cham5:rlln
i Hotel, Ole Point Comfort, June Is,
! 10 and 20.
Richmond, Va, Jan. S.-While the
Richmond special train is speeding
| through the Sousll to cement the SEN
t;ment that Rich1 ond is the natural
logical city for the South Atlantic
reserve regional bank, news comes
from New York by way OF Wash
ington. that Richmon; IS to be an
nexd to the north under the new
! eUeral UaHhillE ~NS.
A dispatch says that Richmond |:
TO be included in territory with Bal
tinore, Washington, the State o.
! MARYLAND, northern Virginia ant
West Virginia, with headquarters II
Washington. At the headquarters o.
the local committee in the Buslnes
j Mems Club, the news create com
motion.
Richmond to be annexed by tn
North The once capital of the Con
federacy, the chief commercial cit!
of Dixie Lan3, the premier city o
the New South. the Capitol OF tn
. Old Dominion to be taken over mt
Yankee territory by federal bank
, ing actl
, The idea was difficult to grasp, bu
when it did, sink home it was accom-
panied by the relieving thought tina
, all the federal banking acts any con
5 gress might pass could not Transform
! Richr ond into. a. Northern city.
For all that, those who did not 2
| with the booster special on tn
' wh:rlwinG trip through the Carolina
f proceeded to get busy. The news a
e once was sent through the state tina
e a plan was. a foot to have Richmon
: nrade over, into q Northern city an
: that it ibehooved every loyal VII
ginian 70 do his share toward bring
sing pressure TO bear in the righ
: quarter that Richmond snail not b
annexed by the North.