Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1914-01-17
Executive Comittee of New
Mexico Association and
Many Prominent Bankers
Coming for Meeting Monday
REPRESENTATIVE OF
DENVER & KANSAS CITY
Clearing Houses of Both Cities
Will Present Their Claims.
Committee to Meet McAdoo
at Ell PasO.

The officers ana executive commit
see ol the New Mexico state Bank
cIH association and many prominent
bankers OF the state viii meet in tho
Commercial club here Monday morn
inE for tht purpose Of taking up the
question 81 the location III the re-
giOnal reserve bank location Tor the
region 90 winch New MeNico W,ii 100
attached. Almost from the time OF
the passage of the new currency law
the question OF the location OF the
regional bank a. which this state will
BE- attached has been discussed anX-
iously hy the bankers of the state. as
its location means much Ia the way
ut business connections aud cXpcdl-
cncy The contest 10 tar as this dia-
trirt iH concerned now seems 90 have
narrowed dewn Go Denver ana Kan
sus city, with the sentiment of "a ma
iOUty Of the bankers apparently iu
FAVOR Of Kansas city. Dallas. Tex,
is seeking 20 have "a regional bank To-
Gated there, while ~ Paso is seeking
"a branch of one of the rcgiOnal banks
and the chamber uf commerce at the
Pass Clty would like Go have Ncw
Mexico, Arizona aud west Texas
united in one district with the head.
quarters Bt % Puso.
At the meeting Monday representa-.
ttNcH Of tho Kansas CITY anu DENY &c
clearing house associations will be-
present 90 represent the claims 81
their respective cities while a com
mittcc OF ~ Paso bankers also IL "a
pccted 60 bee Present, although no
definite word had been received from
| them this morning.
Vice President J. 70 Herndon ol
the state BANKERS association con-
| rludcd arrangements Tor the meeting
Il ..i
/ -. \. lioskins of the san Miguel Ma
tiuum bank at East Las Vegas, whu
| vii arrive tomorrow night and who
viii preside at the meeting. This
meeting rs held in response 20 "a call
by Chairman e. y. Blackwell of the
Executive committee.
| The New Mexico bankers viii dis
cuss the location uf the regional bank
| thoroughly and viii adopt "a rcsulu
uon expressing their preference ai
tu location. That this resolution VII
lcarry much weight b. recognized an,
Iit b. expected that committee rep
| resvntlug tho association will b'
named 90 go Go I'D lasu Go meet sec
| rctur of the Treasury MCAduo Whcf
he visits that city next month %
| course of his tour of the country. u
has been suggested that branch al
the regional bank might be- serutc'
Tor Albuquerque, bat local banker
this morning were col the opinion Una
NO effort be- this direction would n'
made, ulthough DO viii be- discussed
Kansas City Mnkc~ strong iglt.
| N is not known as yet wilu viii bi
the Representatives ut the Denver uh'
Kansas City clearing houses who WI
come here n be- understood hoWcVe
that the Kansas CITY clearing hous
is sending strong committee q
Denver Co urge the Denver Clvuriu
house 90 Withdraw from tho race
Under the law the regional bank
must have each e capital OF $4,000.
600 and aE each member bans MA
only subscribe q per cent Of itH capi
tai stock. 10 is pointed out boy adNo
Gates of kansas Clty that the DENY q
district would necessarily have 10 b
so large ia order Co get the require
Ivapitai thar 10 would Dee unwicldN am
filled with conflicting interests Man
at the bankers of the state have cN
pressed preference Tor Kansas CT,
particularly n the pcros NailcA
where business relations with Kan
saa CITY are very CLOSE. II Dr. pointr
uut by some that neuNcrs cuisines
connections with Sew Mexico are "a
beneath those 0f Kansas ,lty ia vol
ume and Importance and u IL Ccrtai
that advocates of kansas City Wi
be- here in strength Co make a iish
for endorsement of that citys clalm