The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-01-04
HEAR RICHMOND'S
CLAIM JANUARY Is.
Solid Support
For Richmond
VIRGINIA DELEGATION WILL DO
ALL IN ITS POWER
FOR HER.

Especial to The Richmond Virginlan>
WASHINGTON, Jan. 3.-Richmond
can depend upon the solid support of
the Virginia delegation In the contest
being waged to secure the location
there OF federal regional reserve
bank provided for by the new currency
bill.
Senator Swanson and Representative
Glass the only members of the dele
cation in Washington today, are en-
thusiastic over the proposition to Sc
cure for Richmond that which means
so much in a financial and business
way.
II am earnestly in favor OF Rich
mond as the location of one of the
federal reserve banks, said Senator
Swanson to The Virginian correspon-
dent tonight. 1.-THE city is splendfdly sit
uated for that purpose and / think the
banking capital of Richmond exceeds
that of any city in the South Atlantic
States. not excepting Atlanta and New
Orleans.
Richmond is well located through
the railroad facilities. extending South
and West II is already a large finan-
cial. manufacturing and mercantile
center, such as the city should be in
which a reserve bank is located.
II will certainly do all ! can to
secure the fruition of the movement
started by the Richmond bankers.
Richmond, by reason of its toca-
ton, will be the most convenient and
natural place for the reserve bank for
the territory of Virginia, North Caro-
lima, South Carolina and a portion of
Tennessee and West Virginia I an,
glad TO see the people OF Richmond
taking such lively interest in the
matter and viii cooperate with them
as far as possible
Representative Glass expressed him
self as well pleased with the PROPOSE
ton to have the reserve bank located
at Richmond. and said he would do all
in his power to help the cause along.
Mr.. Glass, however. lis not in favor
of the establishment of a bureau In
washington as base of operations
from which to carry on the campaign
He said he has already written to
Chairman Sands, of the committee.
having the campaign In charge. piedg-
ing his hearty support.
x believe the plan to locate ar
office In Warrington from which fc
conduct the fight would be both mad
visable and useless" said Mr.. Glass
who returned from Lynchburg this
evening. 1T would SAVIOR too much OF
an organized lobby, and Hobbies are
particularly in disfavor just now. The
campaign can be carried on just AZ
efficiently from Richmond an 1t car
from Washington The location of q
regional reserve bank in Richmond Ia
not a matter that can be arranged
through political influence alone.r The
question will be decided upon its merits
by the organization committee. and al
the committee will only be in Wash
ington few days during the week
after next, II would be useless for any
thing similar 10 lobby to be put into
operation here"
The organization committee leaves
for New York and Boston tomorrow tc
hold hearings and will not return unit
January 18th. SO very little can be done
In Washington in the matter until The
Richmond delegation has its hearing
here. The fun congressional deiega.
ton and both senators are expected te
join the committee which will come
here from Richmond and present ths
case to organization committee.