The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-07
rel heads during the againg pro-

Tel nedOB curing Tue d&diHS pro-
cess.
Such a loss, they declare. would
amount to about $250.000, figur-
ing the value Of whisky for medici-
nal uses at Sc a quart. On the 9TH
er hand, loss by fire or thieves
might run to a far greater figure if
the whisky is left in its present
location.
Should the Corning interests
agree to the establishment of cer-
trail warehouse, any other large
stocks now stored downstate would
probably be moved to Peoria IN
preference to Chicago or. St. Louis,
where warehouses have already
been designated.
The vote of the American Bank
ers' association convention at New
York during the week against the
establishment of branch banks Ly
large city banking concerns was
construed by uiinoisans here as
victory for downstate Illinois
banks and a rap at D. r. Crissln-
ger, federal comptroller of cur
rency, who. in recent letter 20
Senator Medill Mccormick, sigLi-
fed his approval Of the extension
Of branch banks.
The gradual spread of branch
banks in Illinois has been evil
denced by. a constant stream of
letters of protest from state banks
in Chicago and downstate and 1t
was in answer to these that Girls
singer notified Mccormick Of his
disinclination. to act in the sma,-
ter.
The ffiction~between banks in
Illinois has hinged On support OF
the federal reserve. system, Girls
singer declaring that few indie
pendent banks we're backing up
the government organization,
while the larger banks, which have
been extending their branches fos-
tered it.
Downstate bankers have made
the assertion that only 10 per cent
Of the banks in the country desire
to establish branches, while the
other 30 per cent cannot afford to
face the competition.
Congress will take action for or
against branch banks at its next
session BY action on either the Nc
Fadden bill, which authorizes
branches, or the Capper-Dyer bill
which banA them. The latter
measure provides that such banks
shall not be established in states
whose laws do not also permit tie
establishment Of branches by state
banks.
The vote at Now York, in which
many downstate Illinois bankers
cast their ballots against the
branch system, is, expected to have
tremendous influence on congress
sional action.
Prospective appointment of an
other Illinoisan to an important ]u.
! dicial post was forecasted here TO-
day in the visit to the White house
of Former Governor Richard Yaes
now congressman at large, whc
recommended Judge Robert II
Loyett Of Peoria for a place on The
coutr Of customs appeals, an $500
a year plum.
Judge Lovett, who accompanied
i Yates, is now assistant attorney
general. He has been endorsed tol
the judgeship by both Illinois sen
ators. The vacancy on the custom:
appeals bench Was created by rc'
tirement of Presiding Justice Ma
rion Devries Of California.
"tJncle Joe" Cannon, Illinois
most venerable and distinguished
figure in congress. left Washing
| ton by motor during the week f,,l
Danyille. where he will pay his ole
friends and constituents the mrs
visit in many q month. Uncle Joe.
Who will retire at the end OF thu
nresent session, made the sam,
tim by ox-cart with his parent'
almost seventy years ago. on thIil
westward emigration from Mort.
Carolina. where he was born!
while he vii take no active par
| While he will take no active par
"the sage Of Danville" indicates
THAT he would probably make
press statement in support OF Re
publican candidates.
| Massachusetts looms last yea
produced woolens enough to max