El Paso herald. (El Paso, Tex.) 1901-1931, 1918-01-14
District Needs Reserve Bank
(BYH. S. HI

I'll PASo been virtually assured the location here of
r branch of the nth federal reserve bank Dallas.
- As result of investigation here by Judge W. F.
Ramsey, of the Dallas bank recommendation has
been made to the treasury department for the location
branch here and the authorization the creation of the
bank IS considered certain For this will prac-
ticay the location here of bank branch banks
established where is found banks needed
but where they cannot be established otherwise than
branches for the that the federal bank law
has authorized but II banks in all Such
located at Denver and several have been established the
Pacific coast.
Trade and financial conditions have shown the advis
ability for establishing branch bank here to take
Of the financial needs of Ell Pasos trade territory
The present arrangement works contrary those cond
TONS for FL Paso attached the Dallas bank
which is tributary to FL Paso is joined the San
Francisco bank Under the arrangement, the branch
bank here will take of the of district nc1d
ing FL Paso, New Mexico and Arizona The district thus
viii be mapped out along the lines of FL Pasos trade
activity.
The change will be welcomed throughout the district
Azonans have been frank expressing dissatisfaction
arrangements whereby Arizona is part of the San
Francisco district They point out that California is
empire in itself and that its interests its own espe
cally financially. Just California forms a district
naturally just does the proposed district form itself
naturally by geographic climatic and trade conditions
That is the branch of the federal branch
bank ought to be established here.
If there is bank branch here, director should
be chosen for it who is well acquainted with southwestern
banks and bankers and with business conditions through
out the new district. Perhaps he might be FL PaSo
banker or he might from New Mexico Arizona.
should not be an outsider and the better he under
the more assistance the branch bank will be.
The best art collection these days is composed of
savings stamps Liberty bonds and interim certificates
Mr. Trotzky is singular foreign minister He seems
hate everyone outside of Russia and most of the people
inside.
It might be considered contempt of congress,
thing the way southern antisuragist papers have
of referring to representative Jeanette Rankin iss
Jenny"
There is easily understood significance in the fact
that the hospital ship Rewa topdOed directly through
her Red Cross marking That evidence of German disre
gard for humanity.
When American troops take their place the battle
line is to be hoped the department will have plenty
of motion picture machines hand and keep them busy
long the lasts These French and British official
pictures take the home folks right into the trenches and
compel impressions powerful and lasting. American off
cal pictures would be thrilling, of
Colorado country paper, whiting up a cowboys we'd
ding said: "The bridegrooms present to the bride
diamond brooch, together with many other handsome
things cut glass;" which may have been unfortunate
equally unfortunately true.