The Omaha Daily
Bee
NEWS SECTION
THE WEATHER
Unsettled
PAGES ONE TO TEN
VOL. XLIU-NO. 221.
OMAHA, SATURDAY MORNING, APRIL 11, 1914-TW13N1T PAGES.
On. Trains and at
Rotel ITews stands. Be.
SINGLE COPY TWO CENTS.
i
V
E
REFUSESTO PRODUCE
RECORDSAHD PAPERS
Attorneys Deny Bight of Interstate
Commerce Commission to Investi
gate Financial Dealings.
SUIT WILL BE FILED AT ONCE
Court Will Be Asked to Order Wit
nesses to Testify.
MANY MILIIONS ABE INVOLVED
Witnesses Befuse to Tell of Deals
with Billard Company.
TWO BANEEBS ON THE STAND
Intimation Tlmt Dtllnrd Company
Controlled Kctr ITnren System
by Means of Dummy
Director.
WASHINGTON, April 10. Mandamus
proceedings to compel the production of
books and papers to disclose financial
dealings between the New Haven railroad
and the Billard icompany will bo started
Immediately by the Intorstato Commerce
Jf commission.
Chief Counsel Folk stated that ho would
bring the proceedings, probably at New
Haven. His decision cams at the end
of a morning of examination of witnesses
who refused to "answer questions Intend
ing to develop evidence of dealings In
volving millions of dollars. On tho ad
vice of their attorneys they denied tho
right of the Interstate Commerce commis
sion to Inquire into the financial affairs
between tho company and the railroad.
When the hearing adjourned there was
a probability that the testimony of
Charles S. Mellen, former president of
the New Haven system, might be delayed
to await the outcome of tho mandamus
proceedings.
I'nrcpone oof Inquiry.
The Inquiry, under the direction of Com
missioner McChord, Is being made in com
pliance wtlh a senate resolution directing
the commission to develop all facts rc
gardlng the New Haven's banking con'
nectlons. the purchase of its subsidiary
properties, the money paid for them and
the emoluments or commissions paid for
negotiating the various transactions.
Mr. McChord announced that Uie prin
cipal subject to be considered at present
was .the relation of tho Billard company
to the financial operations of the New
Hivin. Walker D. Ilines, counsel for
the present management, said at the
opening" that It was the. policy of Chair
man Elliott and tho present management
to eo-bperato In every way with tho
commission and. furnish all information.
Harry V. Whipple, president of the
Merchants' National bank of New Haven,
Conn., the f!rt witness, refused to tea
tlfy as to his business relations with
tho Billard company. He said lie was
not now a stockholder In that company,
but had been up to last fall.
"To -whom did you sell your stock In
the Billard company?" he was asked.
"I must decllno to answer that question
because I regard It as an invasion of
my personal rights," replied Whipple.
Railroad Feflcs Commission.
Judire Stoddard, counsel for the New
Haven, explained Mr. Whipple's decllna.
tlon to reply.
"Wo challongo tho rights and the Jur
isdictlon of tho commission," said he,
"to Inquire Into any act of the Billard
company. Our conclusion Is that such an
Inquiry would bo boyond the scope of
the commission's authority. Acting on
that conclusion we have decided to de-
rilno to answer auostlons relating to
such matters."
"War there any relations between the
Billard company and tho Now Haven
during your Incumbency as treasurer of
the Billard company?" Mr, Whipple was
asked.
The witness again declined to answer,
by advice of counsel.
"Suppose," suggested Cilcf Counsel Folk
of the commission, "that It can be shown
that tho Billard company owes tho New
Haven railroad many millions of dollars,
do you think that it would be desirable
to conceal this fact. In view of the desire
of the senate for the information?"
"I think, Interrupted Judge Stoddard,
(Continued on rage Two.)
The Weather
Forecast tilt 7 P. m. Saturday:
For Omaha, Council Bluffs and Vicinity
Unsettled, possibly showers; somewhat
cooler. 1
TcniyrrHlurt; at
Omnha Yesterday.
Hours. Deg.
n a. in 3$
fi a. m S3
7 a. m 39
8 a. m 39
3 a. m 33
10 u. m 43
11 a. m W
J2 m H
1 p. m M
S p. m 51
3 p. m M
4 p. m 62
5 p. in.. i. 81
r. p. in 48
? n. m 40
St- m 41
Comparative Local Record.
191 1. 1313. U12. 1I1L
Highest yesterday 4 67 C4
Lowest yesterday 3, M 4S M
Mean tempereturo 4t. 31 M K
Precipitation T .00
Temperature and precipitation depar
tures from the normal;
Normal temperature 4S
iDeficloney for the day......... , 2
Total deficiency since March!.. ....... ..19
(Normal precipitation l?inc
Deficiency for the day........ .Cslnch,
Total rainfall since March 1... J.CB inches
Deficiency since March 1--...... .H!no5
Excess for ror period, 1!1 2.63 inches
Excess for cor period, 19U 36 inch
Itenorta from Stations at T P. M.
EtaUoo and State Temp. High- Rain-
of Weather. 7 P.m. est
lityenne. cloudy 00 30
Davrnport, rain 46 M
JHnver, snow 33
Ie Moines, elear 46 St
Dodge City, part cloudy., to.
INcrtli, Platte, cloudy U V
uii'ul'.a, cloidy 46 K
Rapid City, clear 30 40
fheridan. part cloudy.... 38 40
fall.
.12
.08
.
.01
V
.00
.02
T
.(
CO
.00
Sioux City, cloudy 38 4S
Ycltntlne. clear 38 42
T Indicates trace of precipitation.
L. A. WELSH. Local Forecaster.
General Endorses
Military Training
Camps for Students
WASHINGTON. April 10.-MaJor Gen
eral Leonard Wood, chief of staff of the
army, today sent out to school superin
tendents all over the country a letter en
dorsing the student military Instruction
camps to bo held during tho coming sum
mer. Alluding to tho fact that these
Camps have tho hearty endorsement of
President Wilson and former Trssldent
Taft, as well an leading educators, Gen
eral Wood says:
"Knowing the benefit of a certain
amount of military training to a nation
and that in, tho United States such train
ing can only be obtained by voluntary
effort and that the great majority of
young men are unable to afford this
training, as given In tho various mili
tary schools and colleges, tho secretary
of war has decided to establish four stu
dents' military Instruction camps during
tho coming summer, to which students 18
years of age, or over members of the
graduating classes at high schools
through the country aro cllglbto to at
tend; this at the minimum coat for food
and clothing and transportation.
"These camps are of great value, not
only to tho student from & physical and
educational standpoint, but to the na
tion, in that It spreads among Its citi
zens a considerable amount of aound mill
tary Information and Increases, by Just
that much the number of partially trained
men who would be available and greatly
needed In time of emergency."
Tho camps will be held at Asheville,
N. C; Burlington, Vt., and Ludlngton,
Mich., from July 6 to August 7 and at
Monterey, Cat., from June SS to July 31.
The University of Illinois, with fifteen
students enrolled for camp at Ludlngton,
leads all othor Institutions.
I
Hail, Wind and Frost
Damage Crops in
Central Florida
OCALA, Fla., April 10.-Hall and wind
storms, accompanied by a sharp fall In
temperature last night, did many thou
sand dollars damage to vegetables and
citrus fruits throughout central Florida,
Orange groves and melon and tomato
fields suffered severely. Southern Flor
ida, however, where tho bulk of the pen
insula citrus fruits are produced, expert
enccd only a cool rain. Frost In tho state
was confined to the northwestern section,
where crops were not sufficiently ma
tured to suffer materially.
The heaviest loss was In this section,
which was swept by a storm of cyclonic
proportions. Houses were unroofed, win
dows broken and several large orange
groves destroyed. The melon crop in this
and adjoining counties, the center of tho
melon belt of Florida, Is believed to he
almost a. total, loss. . .
MACON, Ga., April 10. Damage to fruit
in Georgia's peach belt after last night's
low temperatures was small, according
to advices received today. Near freezing
weather was recordod In many places,
but a brisk wind protected fruit trees on
high ground and frost was experienced
only in the lowlands.
Higgins Pleads
Guilty to Charge
of Wife Murder
GALESBURG. 111., April 10,-Robert
HIggtns pleaded guilty in the Moccer
county circuit court today to the indict'
raent charging that he murdered his wife,
Higgins asked for the mercy of the court
Julia Flake, Higgins' step-daughter, for
lovo of whom he was said to have killed
his wife, was not arraigned. Her at
torney, D. A. Hebcl, certified to the
authenticity of a confession by the girl,
In which she accused Higgins of killing
her mother,
The second count In the indictment of
Higgins, concerning his relations with
Julia Flake, was dismissed. Tho state
began offering evidence in confirmation
of Higgins' plea. S. R. Gates, deputy
sheriff, testified that Higgins signed In
his presence a confession of guilty.
Judge OUnstead said he would pro
nounce sentenro next Tuesday, but gavo
no hint as to the punishment he will Im
pose on Higgins. The state's attorney
asked the court not to inflict tho death
penalty. t
T
Clay Model for Hay
Monument Finished
NEW YORK, April 10.-Jamcs E,
Fraser, sculptor, has completed his clay
model for tho mounment to John Hay,
which Is to be erected by the Hay fam
ily In lake View cemetery. Cleveland
O., in memory of tho diplomatist and
statesman, who was secretary of state.
The monument Is being carved in stone
and will be placed over the grave lata
In the spring. Near the site are the
James A. Garfield monument and the
Rockefeller mausoleum.
The figure, which unites strength with
grace, stands with arms folded on, a pll
lar, across which is laid a heavy sword
which typifies the executive ability of
Mr. Hay. The head, covered with
Greek helmet, is bent in meditation and
the impression Is that of strength held
in jrfeqt control by Judgment. The
figure Is emblematic.
President's Party
at White Sulphur
WHITE SULPHUR SPRINGS, W. Vo.,
April 10. President Wilson, with Mrs.
Wilson and members of their family, ar
rived here early today to spend Caster.
Tho president plans to return to Wash
ington Monday,
At the hotel Mr. Wilson and his fam
ily were shown to their apartments
without ceremony. On the same train
with the president were the Princeton
university musical clubs which will gtv
ft concert tonight. At the hotel where
the president Is staying are Mrs. Johi;
W. Gates, Mrs. John Jacob Astor and
her sister, Miss Katherlno Force.
Horseback riding, driving and golf are
the principal diversions, extended mo
toring being impossible on account of
the mountain roads.
REBS NOW HOLD TWO
Battle for Possession of Mexican CI
is Beported to Be Still
Progress.
TWO WOMEN BEPOBTED I
Are Executed for Trying to Eclease
Prisoners from Cuartcl.
REBEL IS ALSO PUT TO DEATH
Constitutionalist Killed for Having
Bullets in Possession,
ADMIRAL FORWARDS REPORT
i.nrKC Oil Tank is on Fire and tho
Itnrnlntr Oil Is Pouring Into
the niver All For
signers Safe.
WASHINGTON, April lO.-Continued
fighting at Tamplco, with great damage
to tho valuable oil property there, was
reported to tho 8tate department and
Navy department today in dispatches
from tho warships on the Mextcan coast.
An official statement at the State depart
ment described the situation as to the
oil properties this way:
"Several oil tanks have been struck, one
i on fire and oil Is running Into tho river.
A number of refugees aro on the war
ships."
The fighting at Tamplco was described
as heavy, with the rebels In possession
of Dona Cecilia and Arbol Grande.
Rear Admiral Fletcher reported that
Rear Admiral Mayo had delivered an
other letter to General Zaragoxa about
the shots fired into the Fierce nil plant
from the federal gunboats. Grave fears
are felt here that there may be wholesale
destruction of tho properties.
Assuranco was received that all Amer
ican women and children have been gath
ered into places of safety.
Tito Women Reported Hanged.
Latest reports to the Navy department
were summarized in this statement:
"At 3 p. m. Thursday Admiral Mayo
reported from Tamplco .to Admiral
Fletcher at Vera Cruz that there had been
but desultory firing since daybreak. Two
women have been reported hanged for at
tempted to release prisoners from cuartel.
A constitutionalist prisoner has been re
ported hanged for having bullets In his
possession.
'At 10 p. m. Admiral Mayo reported
further that there was a lull in the fight
ing during tho afternoon. Tho Vera Crux
moved up to tho vicinity of Toltsl road
at 3 p. m. and did some firing. There also
was fighting in trenches near Altamlra.
Admiral Mayo has delivered another let
ter to General Zaragpzarclatlnff to. dam,?
age by gunboats to tne Pierce oil plant.
An oil tank at Arbol Urande was on flro
at 8:30.
Women and Children Safe.
"Sixty women and children have boon
laken on board the Des Moines and all
American women and children have been
brought up from points on the river
below the city, except at La Barra. Those
who were Jhcre have gone aboard the
German tanker Osage. Admiral Mayo
emphasizes that refugees desire refuge,
not removal."
Secretary Daniels sold this morning
that he had not been informed of the Is
suance by Admiral Mayo of any ulti
matum to the federal commander at Tam
plco to cease firing from the gunboat
into the city.
.Monterey is said to be quiet.
Tito llnertalsts Executed.
NOGALKS, Sonora. Mex., April 10.
Standing blindfold on the brink of
graves open to receive their bodlea,
Francisco Flmbres and Jose M. Ganoba,
members of a Huerta Junta on the
American side of the line, were executed
In the cemetery here at dawn today by
a firing squad. Flmbres was captured
several days ago while carrying a mes
sage from tho Junta to Ganoba, who was
then at Montezuma. .
Catholics Issue Their
White List of Plays
NKW YORK, April 10.-The Catholic
theater movement, an organization which
investigates plays to determine what Is
good for Catholics to see in theaters,
Issued today its first "white list" of en
tertainments In the form of a printed
folder called "The Bulletin," which will
be sent to Catholics throughout the
country.
The Bulletin names in its "white list'
1S5 plays produced during the lost twen-ty-flvo
years, the titles ranging from
plays of ancient memory to some of the
latest New York sucesses. In February
last a dozen plays were named by the
movement as examples of those which
would be placed upon the "whlto list." Of
the 135 plays named In the list only five
of them are now being played in New
York.
The National Capitol
Friday, April JO, 1014.
The Senate.
Met at noon.
Canal committee postponed until Mon
day further hearings on the Panama tolls
exemption repeat.
Senator Chamberlain received a letter
from President Wilson endorsing the pro
posal to fwnd.au American army engineer
to aid In reclamation and flood work
in China.
Debate was begun on the administra
tion bill to conserve radium lauds.
The House.
Met at noon.
Debate was begun on the omnibus pen
sion bill.
Postotflce committee considered plans
for public hearings on proposals for gov
ernment ownership of telephone lines.
Judiciary committee deliberated on tin
Park resolution for the lmpeanhment of
Justice D. T. Wright of tho District of
Columbia supreme court.
Debate was resumed on tho legislative
appropriation bill.
Park resolution for impeachment of Jus
tlco D. T. Wright of the District of Co
lumbia supreme court, whs favorably re
ported by the Judiciary committee.
Army engineers reported against a
proposal to deepen the Potomac for navi
gation from Washington to Cumberland,
Md.
Secretaries Bryan and McAdoo urged
a 12,000 appropriation to send delegates
to the international conference at Monte
video in December.
Squash
a . . Z V-
From the Washington Star.
SMITH MUSTJIVE ACCOUNT
Clerk of District Court Called to
, Prove $0,500 Fee Ownership.
DEMAND ; CASH BE -RETURNED
Conntr Commlaaloufra HrtnRlujt a.
Knit, to Be Tried on April art,
Aaklnir for Aecuntnlnted
Receipts.
Robert Smith, clerk of the district
court, must render an accounting on
April SO for $6,500 naturalization fees re
tained by him during his two terms in
office or show cause why he does not
owe Douglas county that amount, accord
ing to an alternative writ of mandamus
just signed by District Judge Sears.
This mandamus suit, begun by the
county attorney by instruction of the
Board of County Commlsstonres, is a
part of its legal campaign against what
the members of the board call the "fee
graft." The board twice carried the
fight against the sheriff's prisoner feed
ing "graft" which, added to his salary,
brings him nearly JlOO a day, to tho
state supreme court. Though the board
was defeated In the sheriff's case through
tho action of the supreme court in declar
ing unconsltutionnl a part of a now
statute and allowing tho remainder to
stand, its members feel confident that the
suit against Smith will be successful.
Their confidence is based partly on a
decision of the United States supreme
court In a similar case arising In Can
Francisco, that tho county may compel
the 'clerk to turn over naturalization fees
collected by him. It Is said that alleged
pre-election promises made by Smith
that ho would not attempt to withhold
the fees from the county may enter Into
the suit.
Hires a Woman to Help
Blnce the Board of County Commis
sioners several weeks ago instructed the
county. attorney to bring suit against him,
Clerk Smith lias hired a young woman to
do a part of the clerical work connected
with the naturalization fees. Prior to
this the naturalization work was all done
by county employes In the clerk's office
and the county received no compensa
tion. At one time nn employe of the
county did several weeks' steady work
making a naturalization record for
Smith. Some of tho clerical work is
still dono at Intervals by tho county's
stenographers while practically every
person who takes out naturalization
papers secures them from Smith's
deputies, whose salaries are paid by the
county.
Lost spring Clerk Smith was absent
from the court house for several weeks,
appearing there only rarely, but the
naturalization work went on as beforo
under the care of county employes. Ills
defense to the county's suit Is that he
Is a federal Bnd not a county officer so
far as the naturalization work Is con
cerned. Four More Illinois
Counties May Go Dry
CHICAGO. April 10. Four more Illinois
counties and twenty-five additional cities
and towns will he the scene of wet and
dry etectlons on April 21. !
An effort to prevent the closing of the I
saloons In many of the cities, villages and
townships which voted dry at the locsl
option elections last Tuesday, until after
the supreme court passes on the consti
tutionality of the woman suffrage set.
will be made by the wets, It is announced
today.
Complete returns from Tuesday's elec
tions Indicated that the votes of the
women were responsible for many of the
dry victories. The supreme court is ex
pected to act on the constitutionality of
the suffrage act some time before May 1.
Center Comments on Canal Tolls
Copper Miners to
Vote on Proposal
, to CaUOff Strike
- CAI.UMET, Mich.. April 10,-Copper
country locals of the Wotitern Federation
of Miners decided today to take a refer
endum vote on the question of colling off
the strike which has .been waged hero
since July 23, 1918. The. vote. wtllbo' taken
next 'Sunday nd Its 'result announced on
the following day. ' .
Tho action of the locals resulted from
reports of tho district officers, which
were submitted to five nicotines held In,
various parts of tho strike district. It
was said that the district officers In
formed tho men that no more concessions
could be expected from tho mining com
panies. It wns also stated that tho union
rank and tile was-told that tho com
panies have Inaugurated a substantial
eight-hour day and have arranged to hear
grievances once each week. Recognition
of tho union, they say, has been stead
fastly refused.
DBNVI5R," Colo., April 10. "The action
of the Michigan locals of tho Western
Federation or Miners to take u referen
dum vote on the question of ending tho
striko meets with tho entire approval of
the federation officers," doclared Charles
II. Moyer, president of the organization,
today.
Boys Asphyxiated
by Fumes from Fire
WhichThey Built
NKW YORK, April 10. Three small
boys crawled Into a moving van In a
vacant lot in Harlem last night, stopped
tip the cracks to keep out the chill, then
squatted around a fire they kindled In a
bucket.
Patrick Kenny, father of one of the
little fellows, searching for him. looked
Into the van today. He found his son,
Frank, unconscious; John Scsnlon, 16
years old, was dead, and the third boy
was apparently dying. Gas from the
bucket fire had asphyxiated them.
Seal Pelts Are Seen
Floating in Sea
ST. JOHNS. "N. F., April 10.-Se.al pelts
thought to have come from the mlssln?
sealing steamer Southern Cross were
sighted today seventy miles south of St.
Mary's bay by the steamer Kyle, 'which,
has been searching the coast for a week.
This is the first deflnte clew to tho fate
of the vessel, which was last reported off
thosouthem coast on March 31.
It is believed the pelts either were
washed from the decks of tho realer or
floated to the surface after It went down.
None of the soallng fleet which came In
last week from the St. Lawrence grounds
lost any skins In tho vicinity of St. Mary's
bay. .
Tomorrow the Best
Colored
. Comics
with
The Sunday Bee
I
METCALFE ALWAYS WILLING
Just Waiting for Demand to Run
for Governor.
STAYS EAST UNTIL JUNE
Senntor Hitchcock Continues to
Voire- ills Protest Annlnst Loca
' tlon, t'. Omnun In Knnsna
City District.
(From a Staff Correspondent.)
WASHINGTON, D. C, April 10,-(Spe
cial Telegram) Richard I Metcalfe, for
mer commissioner from Ithstnlan canul,
Mrs. Metcalfe, and their noun, Leo and
Kenneth Metcalfe, arrived In Washing
ton late last night from Panama where
Mr, Metcalfe for the past six months
In his capacity of commissioner hatj bocn
tho head of tin department of civil ad
ministration. Mr. Mctcalfo returns fiom
tho canul zone looking "fit as a fiddle"
and enthusiastic over the climate In that
country, which at one tlmo was the
breodlng place of yellow fever and other
constitutional ills, hut which through the
yeiflua Of an American surgeon. General
Win, C. dorgas, now surgeon general of
tho iirniy, has become almost a pleasure
ground.. Tho family of the former com
missioner brought hack with them a
number of trophle which will servo to
recall the pleasant months spout In the
canal zone, and not by any menns tho
most Insignificant of these, consist of a,
yery lively and' mischievous monkey and
a parrot of some accomplishments.
Having bocn out of' tho country for
somo months and not knowing what has
been going on politically In Nebraskn, Mr.
Mntcalfo sulci In reply to tho 'question of
The Bee correspondent, that he could not
outline his future, politically or other
wise. When told about tho happenings
In his homo state and tho men who had
failed for congress, and thoto whoso
mimes- had been suggested for governor,
Mr. 'Metcalfe' became very greatly Inter
ested. It was really tho first utterances
-j from homo he had heard outside of the
communications lie bad received since he
left Nebraska half a year ago.
WultltiK for Demand,
"Am I stll thought of In NebroskHV"
lie asked The Heo correspondent; and
when assured that not only wns he
thought about, but that his name was
being mentioned for governor and sen
ator by the people of the home state, he
suid:
"Of course, 1 cannot know what has
been doing politically In tho state In
(Continued on Pago Four.)
Bank Organization
Committee Will Not
Make Any Changes
WASHINGTON, April 10. - Protest
against including Hudson county. New j
Jersey, In the Philadelphia regional re-
serve district Instead of the New York
district, was made to Secretary McAdoo 1
by Representatives Hamlll nnd Klnkead.
Some protests from banks In Jersey City
and other towns along the Hudson river
have been received at the treasury.
Mr. McAdoo told the congressmen that
the relation of New Jersey banks with j
New York would not he disturbed by the
fart that they had been put in the I
Philadelphia district except that their
reserve will bo kept at Philadelphia In
stead of at New York. He made It plain
that the organization committee had no
Intention of revising tho list of twelve
districts and cities recently announced.
Protests may he heard by that com
mittee, but tho only hope to those who
asked changes Is In the federal reserve
board ytt to be appointed by President
Wilson.
RESERVE COMMITTEE
DEFENDS ITS ACTION
Asserts New Centers and Districts
Will Not Make Much Differ
encc, Anyway.
BUSINESS IN SAME CHANNELS
Zone Suggested by Omaha Declared
Generally Against Gate City.
NEBRASKA HAD TO BE K. 0'S
"Inadvisablo" to Belate Comhusker
State to Chicago.
SOMEBODY OBLIGED TO JUDGE
Members of Board Complain that
Critics Reveal Misunderstand
Inn nf nltnntlnn Talk
of Disappointment.
WASHINGTON, April 10,-The federal
reserve bank organization committee to
night issued a statement defending its
choice of reserve bank cities and defini
tion of rrservo districts. It was the first
official answer made to criticisms voices
In congress and heard from cities which
sought reserve banks, but failed to get
them. Far the first tlmo somo of tho
data used by the committee Inroachlng its
conclusions was mndo public.
Particular attention was given to tho
committee's reasons for choosing At
lanta', Ga., and Daltns, Tex., In prefer
ence to Now Orleans; for selecting Rich
mond. Va., Instead of Baltimore, and for
naming Kansas City instead of Denver,
Omaha or Lincoln. The oommlttee called
attention to Iho fact that since thirty
seven cities were applicant and only
twelve named twenty.flvo had to bo dis
appointed. Somebody Had io Jnriirev
"With so many conflicting claims,'' said
tho statement, "somebody had to Judge,
Congress constituted tho committee a
court and gave the federal reserve board
the power of review. Disappointed com
petitors should sock a remedy through
tho orderly process that tho law pre
scribes. "Critics of tho declsldn of the commit
tee reveal misunderstanding and cither
do not know or appear not to know that
the federal rescrvo bunks are bankers'
banks and not ordinary commercial
banks; that they arc to hold tho reserves
and to clear the checks of member banks,
make rediscounts, for them and ongs.ee
In cctjtaln open marltct .operations. As a
matter of fact, the ordinary every day
banking rotations of, the, community, ot
business men and of banks will not be
greatly modified or altered.
"Kvory city can continue to do busi
ness with individuals, firms or corpora
tions within Us own limits, or In Its own
rcoon. or In any other part of the union
. - ..... I u I, t.n l.i.ninfnrA
or tno worm u wmwi '- -dona
business.
Is "Hluiplr Misleading."
"Reserves are to bo held In a new way
and In new places, so far as this net con
trols them, but banking and huslnees
generally will no more bo confined within
the districts thnn heretofore, and It la
simply misleading for any city or Indi
vidual to represent that tho future of a
city will be Injuriously affected by reason
of Its failure to secure a federal reserve
bank. Kvory city which has tho founda
tions for prosperity and progress will
continue to grpw and expaud whether It
has such n reserve bank or not, and well
informed bankers, especially, are aware
of this."
Tho statement showed that the commit
tee's poll of national banks applying for
membership In the system favored Dal
las and Atlanta oyer New Orleans in
that part ot the south and southwest
which was Included in tho districts de
cided upon. It nhowed that the capital
and surplus of national banks in Atlanta
wan greater in New Orleans, whllo in
Dalian It was less, but that in both Dal
las and Atlanta the loans and discounts
nnd Individual deposits were greater than
In tho Louisiana city.
Choice of Richmond.
Discussing the choice of Richmond, the
committee pointed out that banks In
South Carolina, North Carolina and Vir
ginia preferred that city to Baltimore or
Washington and declared that it was
thought unwlsa to locate another reserve
hank close to tho one decided upon for
Philadelphia. It was also pointed out that
sworn utatements to the comptroller of
the currency showed on January 13, 1314.
that the national banks ot Richmond
were lending twlco as much money in
the district evcntuolly created as Bal
timore and Washington combined.
In support ot Its choice of Kansas City
tho coinmltteo said that Montana, Idaho,
Ai Irons,, Texus and Nebraska opposed
Denver and that the majority of banks
In a tentative district suggested by
(Continued on Page Two.)
Manufacturers,
A Word With You
You all know the satisfaction
thero .18 to. having a trado that
1b sound And steady.
Constantly reourrlng dupli
cate orders aro a joy and a de
light. Do jtu make merchandise
that In dependable? will it serve
the public faithfully?
If so, tell the public all the
good things you know about it.
Ueo good dally newspapers In
5, 10, 20 or 100 cities. If your
proposition Is big, advertise it
In a big way. It small, begin
modestly and enlarge.
Write to the Bureau of Ad
vertising, American Newspaper
Publishers Association, World
Building, New York, for infor
mation about what othor man
ufacturers are doing success
fully along this line.
