Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-01-06
LOCAL BANKERS TO
ATTEND HEARING
Richmond Delegation Leaves for
Washington to Hear Balti-
more's Protest.
NEW EVIDENCE is BARRED
Attorneys Will Confne Their
Arguments to Points Cow
cred in Rival Briefs.

A strong delegation OF local bankers
VIII he present at the hearing before
the Federal Reserve Board in Wash
ington this morning. when Attorneys
Eppa Iunton. Jr., and Leigh r. Page
VIII present Richmond's argument
against Baltimore's effort to secure a
review OF the organization committees
action In locating in Richmond the
Fifth District Federal Reserve Bank
While Richmond bankers have been
Inclined TO look upon the reserve bank
controversy as settled beyond recall.
conferences held yesterday in the di-
rectors room Of the Merchants Ma
tional Bank brought out the orinion
that the city should send an official
The belief was freely expressed that
there was no probability of the Fed
cral Reserve Board reversing the de-
oision OF the organization committee
hut IL was thought desirable that a
local delegation should accompany the
lawyers who have been retained to rep
resent the city.
DELEGATION HEADED
by JOHN KERR BRANCH
The delegation will he headed by
John Kerr Branch, icc-president OF
the Merchants National Bank who was
chairman of the general committee
that waged Richmond's campaign for
the Federal Reserve Bank At the
conference that was held yesterday.
Julien II. Iiill, cashier of the National
State and City Bank. was made sec
retqry, with Instructions to make up n
Itchnond delegation.
Besides Mr.. Branch and MIR. Hill Tho
delegation that Will appear before tho
Federal Reserve Board this morning
includes:
Richard II. Smith. vice c-president and
cashier OF tho Planters National Bank
Il
the First National Bank.
l., Il. Morris, president of the Savings
Bank Of Richmond
T.. l.. Bemiss. president of the Rich :
mond Trust and Savings Company.
ohvcr j. Sands. Rrcsidcnt of the
American National Bank.
+. j.. Mcconnell. president of the
Manchester National Bank
H. y. Phillips. president Of the
sroadway National Bank
Fred w. Scott. OF Scott & String
fellow. brokers.
William y. White. president of the
Richmond. Fredericksburg and Potomac
Railroad.
George c. Gregory. secretary of the
Federal Reserve Bank campaign com
mittee.
Epra fIunton. Jr, and Leigh r. Page
attorneys retained to represent Rich
mond I'm the hearing before the Fed
eral Reserve Board.
PARTY TO DE JOINED
RY OTHERS TODAY
Most of tho delegation left for Wash
inEton at $50 o'clock last night. II
was the aim of the conference to Sc
cure representative from each of
tn" member banks In tho citv. Tho
banks that are not represented in tn.
foregoing list it was stated will des-
ignatc representatives who will nro
ceed 10 washington this morning to
Join the richmond party. The hearing
VIII be held in the offices OF the Fed
eral Reserve Board at ii o'clock this
morning
There will be no taking OF testimony.
hoth baltimore and Richmond have on
file with the Federal Reserve Board
ella porat" briefs setting forth their
claim to designation as the seat of IN,
Fifth Federal Reserve District. The
attorneys for both sides will confine
themselves 10 n discussion OF the points
brought on; in these briefs The in
PRODUCTION OF new matter. ii is stated,
VIII not be permitted.
Richmond's brief was prcpared h,.
George j. Seay, who is now governor
OF the Federal Reserve Bank OF Rich
mond. IL was presented to the organ
iZat!on committee on January u. in the
presence OF 4 delegation of more than
2oo. representing practically every de-
partment of R!chmond's banking, COM
mercial. professional and industrial life
McADOO WILL NOT
ATTEND HEARING
The organization committee which
listened TO Richmond's presentation
was composed OF Secretary Of the
Treasury William G. McAdoo CHAIR
mani. Comptroller OF the Currency John
Skelton Williams and Secretary OF
Agriculture David T.. Houston OF this
trio. only Mr.. Williams will sit with
the Federal Reserve Board at to-day's
hearing. Secretary McAdoo. who, with
Mr.. Williams, is an cX ofticio member
OF the board. is absent from Washing
ton. and will not be able to attend
Besides the two eX officio members.
the Federal Reserve Board is comnosed
OF Charles S. Hamlin lgovernor),
Adolph {. Miller, William c. p. Hard
ing, Paul NJ. Warburg and +. a. Dclano.
II is understood the board will reserve
us decision at least for several days.
No decision will be announced until
after consultation with Mr.. McAdoo.
REVIEW REGARDED AS
EXTREMELY IMPROBtBIE
The fact that the bank is established
and performing it's share Of the reserve
systems duties with signal success. it
is pointed out. renders 4 ruthless rear
extremely improbablc Sec
retary McAdoo himself, I'm justifying
the assignments made by the organ
iZation committee, quoted freely from
Richmo ond's brief in his argument thai
this city is the logical seat OF the Fifth
District bank.
Baltimore Will be represented BY a
array OF citizens repre-
scntinS the banking and commercial
interests OF that city. 1t has employed
able counsel TO urge the board to- day
to review the organization committees
decision locating the Fifth District
bank in Richmond
DECISION IS NOT EXPECTED
For MANY WEEKS
WASHINGTON, January 5.-Balti