Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-07-21
Richmond Wants Land Bank

|. Richmond Wants Land Bank
| CONSIDERATIONS similar to those which
~ led the Federal Reserve Board to estab-
lish regional reserve bank in Richmond
| speak with equal emphasis for the establish
ment here Of one of the twelve land banks
authorized under the rural credits law Rich
! mond offers much to such an institution 1t
/ goes without saying that the bank would be
/ largely 10 this city'S advantage but it also
| goes without saying that it will not come
| here unless our people hestir themselves to
| get it,
| The campaign for one Of the reserve banks
| taught this lesson once for ALL To Rich
| monders the argument the CITY was i'm a posi-
| tlon 10 offer appeared unanswerable Geo
| SraphicaiIy. commercially, from the stand
| point oil convenience considering the trend
! OF business and commercial transactions and
| considering as we'll the wishes OF the popu-
| ialion 10 be served it seemed clear that this
| city must be chosen. 1t is true the areu.
mcntS offered did prevail. but victory came
after long and hard-fought contest 1t will
he so with the land bank fight if it is de-
cided to make it; shall not win without
a struggle
In the nature of things the Atlantic sea
board Will obtain a smaller proportion of
the land banks than it did of the regional
reserve banks. In the establishment Of the
former. the great agricultural States of the
Middle West will be entitled to- and will
receive, large consideration. With entire
Justice. however Richmond can claim special
advantages
II its territory were made to include the
states of Maryland, Virginia. West Virginia
North and South Carolina and Georgia the
railroads now in operation would give casv
communications within eighteen hours with
nearly every foot OF this soil North and
south. cast and west. the principal rail limos
run through Richmond
Agricultural development in this territory
is mighty diversified. The great staple crops
the land bank would assist In promoting are
cotton and tobacco hut wheat. oats and corn
vegetables and live stock also are largely
grown The banks eggs would never be in
one basket, and it would have few if any
dull seasons
richmond already enjoys great and init
mate business and banking relations with
the people OF all the States referred TO above
inc trend of business is in this direction.
ne establishment Of land bank here would
mean the recognition OF this trend, and would
he convenient we'll as profitable 10 ALI
those IT is designed 10 serve
~ IS not NECESSARY 10 convince ourselves
but, If we want the bank we must carry our
arguments To the Farm Loan Board The
members OF this board, which will corresnond
III junction and power TO the Federal Reserve
Board. are yet to he named and Richmond
mas ihai much time to prepare its case None
OF TINS time should be lost The CITY govern
meht' The Chamber OF Commerce and the
Clearing House Association ought to lead the
hSh'. Richmond looks TO them
Wha''a jhe use in spending SO 900 o bring
man back here from Africa? Ii he's not
guilty. he ought Ia be let alone If he is
guilty me State will have TO take care of
him for several years after he gets here.
Representative icnnct's Discrc,lircd Charges
a I first sight. the charges made by Repre-
sentative William s. Bennet. of New
ork, against tho immigration authorities at
Eills Island seemed to poin, to an extremely
dscreditable condition II Mr. Rennet,e
charges were true then men and women
would start life in this country with ideas
and habits that would make them mcnaces
| 10 themselves and 10 whatever communities
| they entered
| If SO good an authority as The New York
/ World is TO be believed. however the dis
| credit attaches only TO Representative Rennet
INC World states tina, Commissioner of I'm
! migration Howe opposed the feeding OF i'm
80 I'i''H ny PilVhle contract and urged the
department OF Labor TO assume thai du,v
! Representative Bcnnet it declares rcnrcsents
! ms attorney the Commssary CONTRACTING con
4 Germ that mas made large profits Out of the
! EMS Island contract. Therefore in his iont
I cdpacl'N as counsel for The contractors and
! as 'ohEressman he had written into the sun
! w.! Wv" "''' joker which makes goyera-
! heh'-opera'ed commissary impossible. And
/ ms attack on Commissioners Howe is an effort
I I" strengthen further his contracting clients,
/ grip on the conmissary
| II me World statements re accurate that
! hr"Sphper has performed another public
| ol ,e'' ana unless Representative Bcnnet's
| machlhe Is steam roller, he will have no
] opportunity after November. To mix private
| business and national affairs
Villa has been located again. If he couId
De o'Siocatcd, it would add lot moro to
! the worlds contcntmcnt.