Evening Republican, Volume 18, Number 41, Rensselaer, Jasper County, 17 February 1914 — CINCINNATI WANTS REGIONAL BANK [ARTICLE]

CINCINNATI WANTS REGIONAL BANK

Chicago Also Wants It and Will Probably Be Selected—lndiana Favors Latter City.

Secretary of the Treasury McAdoo and Secretary of Agriculture Houston are considering the establishment of the regional banks provided for in the new currency law. They conducted a hearing in Cincinnati Monday and went from there to Cleveland. A number of Indiana bankers were called to testify before the government officials in Cincinnati. Andrew Smith, secretary of the Indiana Bankers’ Association, reported that he had sent inquiries to 937 banks in Indiana, asking their choice for location of the regional bank. Of 666 replies received 205 were from national blanks. The result was as follows: ’ First choice—Chicago, 132; Cincinnati, 52; Second choice—Chicago, 60; Cincinnati 66; St. Louis, 21; Louisville, 20. The state banks and trust companies of Indiana expressed their sentiments thus, the speaker said: First choice—Chicago, 241; Cincinnati, 65; Louisville, 35. Second choice-Chicago, 58; Cincinnati, 112; St. Louis, 34; Louisville, 38.