The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1914-04-17
Senators Smith and Townsend Are
Hopeful of Effecting De-
sired Change
BUSINESS CHANNELS IGNORED
Assignment Made Along Geo.
graphical Lines 0nIy.-Pro-
tests Pour in

Washington, April l7-National
hanks and business men of the upper
peninsula have risen in unanimous
protcst inclusion in the Minneapolis
federal reserve district.
'Senseless. discriminatory and ruin
ous" are the expressions of banks,
business mems organizations and com
mcrcial bodies of the upper peninsula
regarding the assignment.
Senators Receive Protests.
Letters and protests have been pour
inc i'm on Senators William Alden
Smith and Twnscnd.
Both Michigan senators are hopeful
of effecting change i'm assignment
from Minneapolis To Chicago.
senator William Alden Smith pre-
sented some petitions of protest in
the senate today Others will follow
In spite of unanimous request, in
advance. by the national banks of up
uer Michigan that they he included In
the Chicago district and the clear
statement that the business of the up
uer peninsula has always been with
Chicago, the board assigned this see
ton to Minneapolis.
Senator Smith inquired why. Tho
organization boards reply was:
Take a map. You will see there
is railroad running straight across
the upper peninsula from east ioI
west To Minneapolis
lt,,ts, fbnt tho hpar1 prn.na1-
ed by rule of thumbs. without paying
any attention To the existing channels
Of business
Banks That Have Complained.
Resolutions of protest have come To
Senator Smith from the following:
First National bank of Escanaba, Mar
Qucttc commercial club. First National
banl. uf Bessemer Marquette National
bank First National of marquette,
First National of Menomnee, Hough
ton National First National of Calu
met Iron County National bank Of
Crystal Falls Escanaba National
First National of Hancock. Superior
National of Hancock. Citizens National
Of HouGhton. First National of Hub
bell, First National of Iron River, Co
gebic National of Ironwood, Miners
National of Ishpeming. Baraga County
National of L'Anse, First National of
Lake Linden, First National of Man
istee First National of Laurium, Lum
berman's National of Menominee, First
National bank og Alger county. Mu-
nising; Negaunee National bank, First
National bank of Ontonagon, First Ma
tional of Sault Ste. Marie. and First
National of ST. Ignace.
Leslie French. cashier of the First
National bank of Escanaba, writes;
We have no connection with Min
neapolis, never have had and so far rs
we know, no other Michigan bank has.
Express and mail service to Min
neapolis is poor, while to Chicago it
could not be better.
We feel that we cannot, by any
means, get the good from the federal
reserve bank in Minneapolis that Wo
could get il we were included in the
Chicago district.
Wrote to Organization Board.
w wrote the organization commit
tee, as ! think practically every upper
Michigan bank did. requesting To h~
included in the Chicago district
Leslie French writes in later let
ter.
= think the ninth federal reserve
could spare both northern Wisconsin
ana upper Michigan without impairing
ihe capital Of the Minneapolis bank.
II has been called to my attention
That mail leaving here at night does
not get into Minneapolis till 10 o'clock
the following morning procided the
trains are on time and the 500 line
trains are very seldom on time
This would bring our mail into Min
heapolis too late for clearings. while,
on inc other hand. unless mail is in
the postoiiice at Minneapolis at 4 u. m.
II does not reach us until the follow
ing day.
me aggregate capital and surplus of
upper Michigan national banks is g.
1VS''oO. The reserve bank subscription