El Paso herald. (El Paso, Tex.) 1901-1931, 1918-06-17

TTTITHOUT the formalits- OF band
w playing patriotic airs. or Of ora
Tors cztouing the new institution, but
with only a rush TO desks and account
books. EI Paso's branch Of the Dallas
federal reserve bank began business
formally at 10 o'clock Monday morn
fn-. ON the third floor OF the First
National bank building. The new era
I'm the financial history Of the metrop-
oils ef the southwest began without
flourish.
The only sign Of formauty was the
receipt Of two bouquets OF beautiful
eladioIi and roses. sent with the con-
gratulations and good wishes OF the
state National bank and the Texas
Bank d. Trust company. respectively
All lines had been laid several days
q 80 and when business hours opened
Monday morning the telegraph instru-
ments in the new bank began ticking
and business was on from the begin
ming.
Means ~Iunnclal Stimulus.
"The new bank must have been
needed here. judging from the fact
that DO has So much business from the
outset" a reporter asked e IS. Kay
ser. vice president OF the First Ma
tional bank
ut was needed" he replied. ct
would not have been established here
30 the business or this city did not
require the big institution. = VIII
uean q tremendous stimulus 10 the
importance OF II Paso as a banking
center"
Rupker- Call 10 Congratulate.
While the f0rmality 81 speech
Making has hee7 reserved Tor The
banquet 90 he held tonight az the Pas0
del Ncrte in honor NJ the visiting
bankers. officers Of the local state and
national banks were calling at the
new institutions during the morning
TO congratulate the officers and di-
-ect0rs and express q wish FOR tina
welfare OF the Bank.
AT the BANQUET. James g. 1fcNary.
president of the First National bank
viii deliver the address OF welcome.
while talks VIII be made by judge
Damsev and others Members n Ro-
tary, Kiwanis club. Adclub. Univer-
sitv club and chambers OF commerce
viii attend this function.
Open Early for business.
When a Herald representative called
at the hank ct $3.50 o'clock. he found a
state Of affairs that would be called
business as usual II the bank had
been opened months before There
were clerks working adding machines
as m the Institution were an old one.
eve have already started business.
s~i1 Paul S miller. one Of the hank IS
officers. eve have accounts TO post
and are already rediscountinE paper
for other banks Banks are the only
customers Of q reserve bank. you
know. Our business IS the same as
that ~ an ordinary bank except that
instead or individuals. we have banks
Tor customers
R-msev Us DeHrhted.
OF am delighted at the fine start
business" said judge ". F. Ramsey.
chairman Of the directorate Of the re-
serve bank at Dallas The II Paso
bank VIII he in direct wire rommuni-
cation at All times with the Dallas iu-
stitutiou. but so far as most practical
matters are concerned. the III Paso
bank VIII he an inde0enuent instftu-
fion. However. the directorate Of the
Dallas bank win be I'm a position 10
advise as 10 matters Of policy. There
is such a good directorate al II Pas0-
however. that T anticinate there VIII
never be auv friction"
Visiting Bankers Here.
Visiting bankers here TO participate
I'm the oneninE ~ the institution are;
Benz r Berkeley. president Alpine
State bank Alpine. Tex.
Jas T. Bowen manager Clint Mer-
canflle and Banking Co. LlfnL-
Clarence Bell. cashier First National
bank. Carlsbad. n NJ
f. g. Bevle. cashier First National
bank. Hot Springs n. n
Edgar .. Brown, cashier First
State bark. Clint.
p r Campbell cashier Bank OF
Hatch Hatch. n. r.
Frank r. Coon cashier First Ma
tional bank LordsburE-
F. W Campbell. Bowman Bank &
Trust Co. Las Cruces.
G.. %. Ellis cashier Bank OF Douglas.
Douglas. Ariz.
Pm. Freudeuthal vice president Ari-
iona National bank. Tucson.
Allan Fa1coucr. president First Ma
tional bank Eagdalena- n NJ
J. T. Greenwood. president, Column
bus state bank. Columbus.
A. IT. Gillespie. vice president no
gales National hank, Nogaies. Ariz.
Jno. r. Gaunt cashier Reserve
State bank. Reserve. n NJ
r. B. Jones president First Ma
tioual bank. Tucum carl. n r.
C. T. kellogg, president First State
hank Clint
b. r. Lauman- cashier Bank Of Dun
can. Duncan. AriZ-