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Hays Free Press
Kyle, Texas
March 29, 2017     Hays Free Press
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March 29, 2017

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Hays Free Press March 29, 2017 COMMUNITY Page 3C + as vs. Civic leaders in Dallas and Houston waited nervously on April 2, 1914 for the decision on which of Texas' two largest cit- ies had been awarded the new federal bank. The rash of bank failures caused by the Panic of 1907 underscored the urgent need for effective monitoring and management of the national money supply. To avert future crises, the country required a bank for the banks. The Federal Reserve System was created by an act of congress in December 1913. The law called for dividing the nation into a dozen dif- ferent districts each with its own Federal Reserve Bank. Hearings would be held to fix the boundaries of the districts and to select the 12 lucky loca- tions. Bankers and businessmen across the Lone Star State faced a two-fold challenge. First, they had to join forces in order to convince the powers on the Potomac that Texas qualified for one of the de- positories. When that hurdle was reared, they could make the case for the district bank to be located in their respec- five towns. With the chamber of com- merce, cotton exchange, The Morning News and the nine local banks taking the initia- five, Dallas really got on the stick. At a meeting in ]anuary 1914, a seven-member com- mittee was created to coordi- Bankers and businessmen across the Lone Star State faced a two- fold challenge. First, they had to join forces in order to convince the powers on the Potomac that Texas qualified for one of the depositories. When that hurdle was cleared, they could make the case for the district bank to be located in their respective towns. Texas History by Bartee Haile nate the all-out campaign. The group quicklywrote a tome extolling the economic virtues of Big D. A leather- bound copy was presented personally to each member of the federal site selection com- mittee prior to its February hearing in Austin. Secretary of Agriculture Da- vid E Houston, one of several Texans in President Woodrow W'flson's cabinet, chaired the proceedings. He stunned the audience by suggesting Lone Star interests might be better served by putting the state in a district dominated by an industrial metropolis like Kan- sas City, Chicago or St. Louis. The spokesman for the Dal- las delegation bristled, "Why not attach Missouri to Texas? Why suggest that the tail wag the dog?" His point was clearly well- taken. When the dimensions of the Eleventh District were disclosed a few days later, Texas was in the driver's seat with western Louisiana, eastern New Mexico, a sliver of southern Oklahoma and a chunk of Arizona merely along for the ride. Next came the bruising three-sided battle for the bank. In reality, the fight was between Houston and Dallas since FortWorth did not quali- fy as a serious contender. Many believed Houston had the inside track because E.M. House, the enigmatic advisor who was the presi- dent's right-hand man, hailed from the Bayou City. But the fact that Dallas was the hometown of Thomas B. Love, the very first Texan to support WoodrowW'flson's darkhorse candidacy, made it too close to call. Big D boosters seized every opporttmity to sing the praises of their city. Hearing that a member of the selection committee was on his way to Texas by rail, two prominent Dallasites hurried to St. Louis to intercept the train. At the end of the all-night ride, the red-eyed duo had sewed up another vote. Only a strict sense of decorum kept the business- men, bankers and politicians from dancing in the streets that April afternoon in 1914. The smallest city awarded a district bank, Dallas had triumphed over its old rival and assured financial preemi- nence for decades to come. The losers were not, howev- er, left entirely out in the cold. The honor of serving as the first governor of the federal piggy bank went to a Housto- nian, who was succeeded by a resident of Fort Worth. Hurt feelings were further healed by the establishment of three branches of the national bank. The E1 Paso branch opened for business in June 1918, followed by Hous- ton in August 1919 and San Antonio eight years later. Dallasites soon discovered how handy it was to have Uncle Sam's money so close HISTORY, 4C Sud0ku S01uti0. 736 92i 854 578 192 251 834 679 N a 196 782 5 "+3 Sudoku Puzzle, from page 2C Texas Crossword Texas Crossword, from page 2C 5 I251 N. I~[~E16B~oB|,~IT~'~TCS ~B~uG,ETI~cTas 78611 Fe 312%J ( Your Hometown McDonald's ::i~:'~':~ ~ "~ / wkbnkl, hd. i: ili/;i / / 5 z-s z-zses.:] +.ill / [ Locally owned and operated ..~ 1 .~, i L by Jimmy and Cindi Ferguson i'm Iovin' it'.,) ( ROSEBROCK ) / / \ 3t -o o TEXAS LEHIGH 1 CEMENT CO. LPJ CENTEX MATERIALS LLC FM 2770, Buda, Texas 295-4801 'A FOUNTAIN OF A non-denominational church ~i~ with live contemporary Christian 1 l mus'c and life giving teaching. Located 1 block off FM 2001 at ~t 302 Millennium Dry, Kyle, Texas ~, (Millennium Drive is an entrance road) Pastor Rusty Fletcher and family Services Visit Call or Text Sun. 11:00 a.m. 512.393.4460 Wed. 7:30 p.m. for more info. Baptist Cbure SUNDAY: Bible Study for all ages, 9:45 a.m. Worship Service, 10:55 a.rn. WEDNESDAY: Bible Study, 7 p.m. Buda. UnitedElm StreetMethodist~ San MarcosChUrch na s Hills %+'/++ j *Traditional Worship (Worship Center)-9 ..... !~ 111l/i I ~+"'+~ ~ '~ f'~+'~( t /+~: ,+-- +++o,+a+++ ..... ++, k~r *Informal Worship(Chapel)-ll .... .ae,,s+Church , + Wednesday Evening (Chapel)-6:30 p.m. lO:4ba.m t0nle rarv:+w am. 'm~o ~' /// o.,,hs.n,,a, ...... ,,+t ...... + ++O+ma++%+ at l0 a.m. with special music. Rev. Nancy Day M~ (including an 8130 a.m, ear~/bird class), Office 295-6981, Parsonage 512-393-9772 teen, children's classes * Chik]ren's ~rship www.hayshills.or9 l Pr0fessi0nally-staffednurs~ry&pre-schcol 1401 N. FM 1626 SANTA CRUZ CATHOLIC CHURCH 1100 Main Street Buda, Texas 78610 Office: 512-312-2520 * Fax: 512-295-2034 Rev. Kirby D. Garner, Pastor- Fr. Jos~ Luis Compaffm,Assoc. Pastor CONFESSION OFFICE HOURS St. John Ill Lutheran Church of Uhland, LCMS Highway 21, Uhland =.._Southern Hills Church of Christ ~hrist Serving Others COME WORSHIP WITH US! Sunday 9:00am Bible Class lO:OOamWorship 6:00pm Worship Wednesday 7:00proBible Class 3740 Ranch Road 967 Buda, Texas www.southernhillscoc org (512) 312-5900 All services are sign-interpreted for the deaf ( N~---- ~~ Thursday Evening Bible ~+ Study, 6 p.m., and Open Christian Church Communion (Disciples of Christ) on the first 2315 FM 967 Sunday of every Buda, Texas 78610 month, 6 p.m. Pastor I.D. Elshoff Make THIS your 512-63S-6312 church home! Saturdays: 4 p.m.-5 p.m. Monday-Friday, 9 a.m.-5 p.m. Pastor Rodney Coleman i 4000 East FM 150 (4 miles east of Kyle) MASS SCHEDULE: (512) 268-5471 , ../ Saturday ing: 5:30 p.m. tm .... Sunday...~.'n31~.M:]~:~ f NP,~ God with us '+11 8:3011 a.m. .... (English,(Spanish)' k.~+,~ i ~ ..... t~+++.+t+, 5 p.m. (English) "s~ 20 Bible Study ....................... 9:15 a.m. Church Services ................. 10:30 a.m. Pastor: Rev. David Gaake 210-635-8584 N. Camino Rea] (State Hwy. 21} Uhland, Texas 78640 ........... :i[ ................... ~" , ....... : ......................... ~ .................................. ~4 ................. ~.,-~ ............ :.:~ .................: .:, ~ ................... ~, ~ : + ++ : + : +++++ ++ : ............ :+:+:+++: +++:++++++++++ ~1:+ +++~ ::i+::::i+]++++++ ............. ]i~'': ]+? ++ :++ +++i+:+++i++ ............ ++++++ +[:+ +++;+ + + ++ +++ ++' +++++~ ....... ++ + %~ , + ,, ;+ +;0/++ ............... +;++ -:::::: : +...~ .. $ : . . : ...... :::++: +~ +++++++ ++ i~+~: ::~++ :+++++ + " ++++ + ++++!:?+++++++++++++++++++++++ ~+++ii ++++ +i~%+++,i ~ %L +i+:+++++++i+:!+ +i+::+i+++i+i+i :++iiii++? ::+ ..:+++::+~::++~++:::++ ++ + +++++~ ~i~i "~:! ~ii~!ii::i::iii:iiiiii~:i::~ii:: ::i::ii:::~" "':: ~I~I I~I~ iiii~ilil iii~iiii::": ~ii~!~i~i! ............. i:i:ii:i!:::ii i~ %iiiii::iiili ........ !i:?:iii iii:;:: k !i~ i:.i~i:~7 :::+!il iiiiii,: i ..... ::.~il ~il;iii ;iii; !iii!iii iiii~; ...... ~: :~: +~+~+!i!ii++++ +::+:: ::::::ii+ ii!iilii iiiii::ii~i~ ++ ++++++++++++++++ ++++++ ++ . ++++ ++++ t ~N. ~ i ::ii::i::i::i::![~iiiiiiii ~ ~ ~::~,i!~ ~ ~ ~i~::~:.;::~ : i i:: ii ii~il ! ~:::i!i!:i:i!ii~i~ :" . First Baptist Church A loving & caring Southern Baptist Church 104 S. San Marcos Street, Buda Buddy Johnson, Pastor 295-2161 Sunday School ........................................... 9:30 a.m. Morning Worship .................................... 10:45 a.m. Wednesday Bible Study/Youth Activities...6:00 p.m. AWANA's (Wednesday) .......................... 6:00 p.m. Nursery Provided fbcbu~uslin.mcom +