Ogden Daily Standard | 1914-01-09 | Page 1 | Boston Wants Regional Bank

oo I BOSTON WANTS REGIONAL BANK Boston. Ian 9. Membe rs of several Boston banking houses and representatives represent-atives of various New England industrial indus-trial organizations presented their views on the question of the establishment establish-ment of a regional reserve bank in this city at the opening today of a two-days' hearing bj the reserve bank organization committee. Secretary McAdoo of the treasury department and Secretary Houston of the department of agriculture, composing com-posing the committee, conducted the hearing. Secretary McAdoo said thai while the committee recognized thar there was a friendly contest between different dif-ferent sections for tho establishment of regional banks, it was obliged to consider the problem an" economic one in the broadest sense and for this reason rea-son was investigating general industrial indus-trial conditions in the various districts.