Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-04-03
Wanted Bank Here.

" duCeO BANK mere.
The majority of Washington bankers
have been of the opinion that Wash
ington should be designated as a re-
serve center. on the ground that it is
the capital Of the nation
Several bankers stated today they be-
lieved Baltimore should have been Sc
lected in preference to Richmond.
There was considerable comment con-
corning the boundaries of district No. 3,
which has Philadelphia as the reserve
center. Washington bankers appeared to
be of the opinion Jersey City. n. j.,
should have been in the same district
with New York city, the reserve city for
district No. 2, inasmuch as it is within
sight of New York.
When senators and representatives
reached their offices today they found
they had new set Of troubles on their
hands. The administrators distribution
Of the regional reserve banks has brought
perfect whrlwind Of protest from dis
appointed sections.
The protest is all the more vigorous
from the fact that the present arrange
the federal reserve board when 1t is or
ganized Only two members of the com
mittee- which laid out these districts will
be members of the federal reserve boa I'd
Controller Williams and Secretary Nc
Adoo.
Home Cities Cared For.
1t was pointed out today. however,
that both these gentlemen were fortu-
nate because the organization commit
tee had taken care of their own COM
munities. Controller Williams, who all
his life has been identified with Rich
mond, where his family is prominent
was gratif1ed to have a federal re-
serve bank in his home town and today
the proud city of Baltimore finds itself
tributory to Richmond and is throw
ing one fit after another"
There was much comment oh the fact
that the committee had given Missouri
two reserve cities, st. Louis and Kansas
City. and had given Texas one, Dallas.
Whereupon New Orleans, which feels
Richmond, Is coming along with loud
cries of protest
The New Orleans people are very much
aggrieved anyhow, because the present
administration and Congress already has
taken most Of its candy away from New
Orleans in abolishing the duty on sugar.
New Orleans. it is said. feels that being
left out of the reserve cities is a blow at
the cotton industry. and Louisiana
statesmen were going around today look
ing as if they felt that there was no
hope, no future, and grave doubts even of
the immortality Of the soul.
Pittsburgh Frothing.
But there are others. Pittsburgh is
fairly frothing at the mouth at being
made tributary to Cleveland. Why, for
years Pittsburgh has prided itself upon
being the "millionaires town." and has
made the name Of Pittsburgh famous in
all the peacock alleys Of all the gay
hotels in the world.
Now to have to trail along after
lake port such as Cleveland is simply
unthinkable. Cincinnati. toe, is outraged
to the core at being tackled on to Cleve-
land. And as for Louisviile-just wait
until Col. Henry Waterson takes his pen
in hand, say the Kentuckians.
Connecticut, which regards itself as
suburb OF New York city. will have to do
business with Boston, and Connecticut
and New York bankers are Indignant
of the storm Of protest which is rolling
up against the action OF the organiza-
ton committee.
large funnel-shaped cloud Is rapidly
forming, but officials are said to be not
worrying.
The feature which is distressing the
congressman is the right Of appeal to
federal reserve board, which they will
have to back up when their banking
friends come forward adding more bur-
dens to the already harassed statesmen
Will Be Aired in Senate.
Soma senators predicted that these mat