Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1914-04-04
STATE BANKERS
WILL PROTEST
RESERVE CITY
Philadelphia Regional Bank Is
Not Satisfactory TO Jer-
sey Association.
APPEAL WILL BE MADE
TO THE FEDERAL BOARD
Call to Be Issued for Confer
ence-Division Called
Ridiculous.

A meeting of the executive COM
mittee of the New Jersey state
Bankers Association will be called
to protest against the action OF the
federal organization committee in
their selection Of Philadelphia for the
location of the regional bank of this
distrh.
This announcement was made to-
day by William j. Field, secretary
of the association. He said the cali
for the meeting would be issued
some time next week and that the
meeting would very likely be helu
about the middle of the month.
Bankers in Newark, Jersey CITY
paterson and other towns in northern
New Jersey expressed theiI displeas-
IRE today at the prospect t1f having
the regional bank located In Ph'!c--
delphia. 1t is likely that formal COM
nlaint of the report of the orgahiza-
tion committees will be made at that
meeting to Secretary OF the treasury
McAdoo. Along with the complaint
an application may be mace TO the
TTederal Reserve Board when organ
ICED to have this feature of the com
mittee's report changed. This may
he made under Section of the red
eral reserve act.
This section of the act reads:
snThe determination of said organ
fzation committee shall not be SUD-
iect to review except by the Federal
Reserve Board when organized; pro
vided, that the districts shall De ap-
portioned with due regard TO tne
convenience and customary course VI
business, and shall not necssaIily pe
co-terminuo with any state or ota'Se.
s,be district thus created may De
districts may
from time to time be created by the
TederaI Reserve Board, not to ex-
eeed twelve in all
1. NEW ORLEANS, April "A ctLll
for a. mass meeting tonight 10 pfoVes'
against New Orleans not being III
riJided in the list of reglohai pailh
cities WAS issued at gatherllE ~
heads of commercial bodies, business
nen and bankers. Ihose az tiie e,,ta i.,S
/, . agreed that the protest shouiu
Z. s[Sts in the charge that politics en-
tered largely into the selection OF res
5fonal bank cities and also in deilnlns
tine districts.
Robert Ewing, Democratic National
: 2 y,ss.s;saassse2- fl'oR7 lscuai1ila st4,e
President Wilson telegram " @'ilch
he said. The nmisslon q New ~
leans as q regional bank city Is ''lue-
teilSlDle.
PITTSBURGH, April 4.-Pittsburgh
bankers and business men Sharply
eriticise the selection of CleVeland IN
. stead of Pittsburgh as the site for
Federal reserve bank. They declare
nolitics figured III the awards.
DENVER, April 4.-Colorado bank
ers charge that Senator Thomas he
fraNed Denver and lost regional bank
frading opportunities for a Job Tor
aorl- -in-law Malburn, McAdoo's as
sistant.
CINCINNATI April 4.--Charles P.
Taft, in an editorial, declares Presl-
dent Wilson'S political fight IN ONO
with Governor Harmon brought me
regional bank as a reward to CleVe-
land instead of Cincinnati. EX- -sena-
Tor Foraker also blames politics in al
lotting the bank.
OMAHA, Neb, April 4.--omaha
bankers are furious because they are
pIaced in the Kansas City division.
fhev declare politics caused 1t.