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Show BRANCH RESERVE BANKS. There is still some disappointment and hard feolings over the location of the federal reserve banks in somo of the larger cities that wore passed by when the organization committee made its selections. This is particularly true of Washington .and Baltimore, whose bankers aud business men havo just held a joint meeting to see if influence enough could not be brought to bear upon the authorities to drop Richmond and "substitute either the Monumental CHy or tho Cit' of Magnificent Distances. Dis-tances. It is highly improbable that the board yet to be appointed will overrulo the organization committoe in this particular par-ticular instance, or, in fact, any other. So the best that tho disgruntled citizens citi-zens of "Washington and Baltimore, Pittsburg, Cincinnati, Now Orleans and Omaha can hope for is branch reserve bnnks, which will be established under the now currency law iu duo course of time. , The provision of the act regarding regard-ing branch banks reads as follows: Each federal reserve bank Khali establish estab-lish branch banks within the federal reserve re-serve district In which It Is located, and may do bo In the district of any federal reserve Uank which may have been suspended. sus-pended. Such branches shall bo operated oper-ated by a board of directors under rules and regulations approved by the federal reserve board. Directors of branch banka shall possess the Fame quHllficatlonH ua directors of the federal reserve hanks, Four of said directors shall be selected by the reserve bank and threo by the federal reserve board, and they Bhall hold office during the pleasure, respectively, of the parent bank and tho federal reserve re-serve board. The reserve bank ahall designate one of the directors aa man-nger. man-nger. These branch banks will porform the same functions as the parent institutions institu-tions and to all intents and pui'poscs aro just a; important. They will not bo established until the necessity for them is shown,, which probably will not be long after the law is in operation. Salt Lake can no doubt secure one of thcs.o branch banks if tho business men go after it, for the city has commer-cial commer-cial and geographical claims that can. not be well overlooked. trust that lluerta is sobering up. After all, we must admit that eliminating elimi-nating lluerta is some task. War ifi on and Theodora is 2000 miles away. . The Federal leaguers ai Vera Cruz aro good runners. Senator Lodge wantod to take in too much territory. lluerta wants O'Shaughnessy re-Called, re-Called, but perhaps ho will kiss him good-by. Villa has come to the border to take a look at our troops. Wc trust he will be duly impressed. Playing politics when bloodshed is at stake is a poor gamo for United Stales senators. When Colonel Roosovelt hoars of this there will bo weeping and gnashing gnash-ing of teeth. Lodge wanted Hucrta to salute Iho flag, but ho did not want to aaluto it himsolf. ' Wo closed our negotiations with nucrta on Sundaj'. AH tho American people aro in favor of that kind of Sunday Sun-day closing. |