The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-04-06
DEFEND SELECTIONS
OF RESERVE CITIES

Ing was quite as much OF a surprise TO
them as it doubtless viii be 10 most
other people who have not been in very
close touch with the details of bust
ness development since tho beginning
OF the present century
The effort of the committee has
been TO give due weight to the
probable lines OF financial develop-
ment in the future. This had great
deal 10 do with tn. selection OF Atlanta
ana Dallas, The cuinmi,tee naturally
cohcluu."E that as those cities had
nIode such Tremendous strides IN the
last decade. while New Orleans had
advanced at a much less notable pace
therefore IL might REASONABLY be pic,
sumed that in coming decades much
the same relation would be main
tanned.
Why baltimore Lost.
BaItimorcs defeat by Richmond is
explained on TWO grounds. First. when
the preferences OF the bankers in the
territory assigned to the Richmond dis
trict were asked, tho poll gave AN over
whelming vote in favor OF Richmond
as agains, Baltimore
district, outside OF Maryland and viz
GINA. voted for Richmond This of
course. was the result OF Richmond's
geographical advantage in being near
the centre of the territory.
The sccJnd factor which Weighed
heavily In favor Of Richinond. as
against either baltimore or Washing
ton vas the fact that an analysis Of
the business of Baltimore national
banks developed that they were not do
ing nearly so much business with the
ichmond
on this point the tabulation Of data
- SNttein,iy interesting. As OF lam
more national banks reported total
loans OF $59.000.o00. Richmond national
banks, $25,Qoo,oD0. and Washington
national banks, S2s 100000. II was fur
thtr shown that or the loans and dis
counts OF the Baltimore banks. $50
uUo'ooO were In the Eastern States and
less than !7.000.00G In the Southern
states; while, on the other hand. tn.
richmond banks had more than S23.-
OoV'opV OF their loans and discounts,
IN tne southern states. That is to
Say. The igures showed that, although
baltimore had outstanding $4,000 OcC
as against i{ichmonds s35. 900. 600 OF
loans, and discounts, yet Richmond was
uoinB nVe times as much banking bust
ness in the South as Baltimore
IA. bp;aitimores claim 10 being an essen
uaily southern city fell down under
national banking business
washington made an even poorer
SshoWinE than Baltimore In this regard.
Nhilc II showed more than $4,000 O0O
OF loans and discounts outstanding. IL
also showed that more than 500 900. 600
81 these were In the Eastern states
and less than Sl.000,00O in Southern
territory. '' -
II was further In favor OF Richmond
tha' inc banking business OF that city
mas SHOWN remarkable Increase il,
recent years. Baltimore showed loans
ana discounts Of all banks-nationai.
"tate; savings and trust companies-
OF s2l3 Der capita: Washington OF sIo0
per capita. and Richmond OF 1898 per
capita RPn; ~ '''
intcit counted strongly in favor OF
,icnIn"nd as against either Baltimore
or N,ashlneton For instance. in tho
decade from 1903 to 1919 Baltimore
90 per cent In their Individual de-
poSIts, ana OF IS per cent liz their loans
ma ,'n discounts while Richmond ma
.hc same period an increase of 1872
per cent in individual deposits ana
o' ~. per cent in loans and discounts
new Orleans also suffered by this
particular comparison II showed an
,niGrrnsc OF only % per cent in indi-
,"uai deposits during the decade. and
while Atlanta showed an increase of
I"o per cent In individual deposits
ana or l65 per cent in loans and dis,
During tho decade. the capital and
surplus Of New Orleans national banks
me- only AZ per cent while cap:
creased 2d9 per cent, ana OF Dallas
banks 900 per cent
,r Too Closc 10 Philadelphia.
The comnittce concluded that ALI
me tondcncics Of present day growth
ana development indicated that Rich
mona was destined TO be very much
lntcd to Southern territory. thnn Raj
tiinore; and Baltimorc's only chance
10 he named as n reserve city Depend
90 upon us showing M proper hnan-
cial capital for n Southern district
~ was too close to Philadelphia TO
get consideration rs the head of an
Eastern district
Chicago Women VIII Vote.
Chicago. Ill, April 5.-The political
canpa%n here drew TO close to-
night and Chicago women prepared
for the first time to exercise their right
or franchise at the election Tuesday.