Salt Lake Tribune | 1914-01-07 | Page 3 | Bank Committee is Coming to City

BANK COMMITTEE IS COMING TO CITY Ipt lal to The Tribune pkn'vkr, Ooio.. Jan. 8. Charles s. HaUghWOUt and A 10. Perirqles, of the regional bank sub-commltlee, which has been appointed to make a trip through the Rocky Mountain region the Interest Inter-est of a federal reserve bank for tals territory, left this afternoon for Bait Lake t'ity. tl... first plii-o to be visited. sall Lake ' il'. is- al.-o an applicant foi a regional bank and the purpose ol a conference with the bankers .if thai city is to reacl an understanding of a common com-mon basis In working for the whole Intel In-tel mountain region, of which both Denver Den-ver and Sail Lake City are parts, on the ground that the Hist aim of all be to obtain a bank for tli la territory. while the Denvei banks are working loyally for Denvei it Ii admitted thai the new ia w w ill reduce the earnings of national na-tional banks until there are readju t-menta t-menta exchange profit a will be cut and much money will be transferred to the ii i. i al reserve bank.