The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-17

Cast your bread upon tho waters, and
il viii return again loan your money
in growing cities, and when YOU need
,neir help it viii be forthcoming.
This maxim seems fully cxompiihcd
in the splendid reception giVon our
reserve hank COMMITTEES in its visit
TO South Carolina Some OF the COM
,nittee were fearful mat our influence
with the cities OF the Palmetto State
was not strong enough to compete with
that of Atlanta: others were in doubt
as to tho wisdom Of even visiting
South Carolina But those who really
knew virgina's business connections
with that inc old state declared with
out hesitation that there, as in the
old North state. Richmond's delegates
would be most Hospitality received
'rhat they were right, the success OF
the committee shows, and why they
,vere right is plain from the Carolina
newspapers We have already quoted
the reason as given by the Greenville
News and wo now arc able TO cite
from the excellent papers of Spartan
burg, that city OF splendid traditions
and high citizenship. Says tho Spar
,anburg Herald in perfect rrankncss:
I'm this regional bank matter the
public has been somewhat surprised,
no doubt. TO sec the Overwhelming
sentiment on the part of South caro-
iinians IN favor OF Richmond rs against
Atlanta for the regional bank with
which they must do business under the
new currency act 1t would appear
that Atlanta has no friends in this
part of the country there must
be q reason. Atlanta is said to be q
borrowing community. Its banks arc
not popular with South Carolina banks,
and py reason OF their attitude to-
ward South Carolina institutions in the
past, when the time arrives when they
need friends in this part OF tho coun-
Try they have them not
Richmond on tho other hand. seems
20 have maintained at all times the
most friendly rotations with banking
Institutions in the Carolinas, and is
now being rewarded for that friend
ship and courtesy"
In strong article, the Spartanburg
Journal is equally positive In it's pre-
terence FOR Richmond 1t says, in
part;
why not Atlanta Because this
would involve an abrupt reversal of
all the long established customs In
banking business. which hitherto has
raced northeastward from the Caro-
linas because Richmond is n normally
Lending city, whilo Atlanta is a ha-
bitual borrower. because Richmcnd has
immensely greater deposits and funds
Under control, because Richmond would
oiier better equilibrium in tirat her
loans III noncotton country would be
Gin 10 come In again TO 10 available
n cotton Statea by op-rnoyine time.
whereas atlanta lies in ,he centre of
the cotton belt and would present n
least ana famine alienation as re-
CARDS loanablc funds As regards Co
umbia, the Richmond delegation did
not care 10 make any inVidious com
parsons. since ii is a South Carolina
city naturally entitled to the suppor,
~ Spartnubure. But they Dolntcd on,
me danger of-.pljuins and Dispensing
lorccS. so as--to rose i reserve bank al
toEelhel this side the Potomac Tn
iess, therefore, Columbia stands = real
chance OF getting the bank, il an
reared wiser policy TO concentrate
on one city, where chances as a whole
we're best lnasuucu as it anpe;,rs
;hat this is peculiarly a matter ,ybern
mlNlng sentiment with business is
aaarcelN wise and in view or the fact
mat SpartauulrG banks have lore
.ookeI more toward Richmond in mat
'cfS 81 llnancial a:courn odatlon ana
YilNehiehfe ihah toward any other
S1'E thiS side OF the Potomac. ana.
HnallN, because by an means we do moi
want 10 lose out ana fan into ,,.o
@eFVc region controlled by Northern
directors, IL WI be wise Tor Spartan
7urs 70 back Richmond
NiryiUie,4 ,,,Di $50