The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-08-13

Guilty about money for moving the cotton
crop. The crop will not be rushed to
market and they think that the great
stringency will be over before cotton be-
gins to move heavily.
ATLANTA NEED FEAR NOTHING.
Atlanta, Ca, Aug 12.-There is going
to be no trouble in Atlanta this fall about
moving the cotton crop. The startling
reports sent out by Bradstreet's to the eff
feet that there would likely be a crisis in
cotton affairs at the south because Of the
inability or unwillingness Of the bankers
to advance sufficient money to move the
crop, have no application to the situation
here. Whatever may be the arrange
ments from the government. Atlanta and
this region of the state need fear nothing.
The cotton crop is going 10 be moved.
THE FARMERS WILL LOSE NO SLEEP.
When Capt. Robert Lowry of the At
lanta Clearing House Association was
seen and asked about the matter he said:
"It is all right about moving the cotton
crop. The farmers of Georgia will lose
no sleep over doubt on this score, am
sure. The crop will be moved just as it
has been moved all along from season to
season. l don't care what arrangements
have te be made, they will be made.
TheI clearing house of Atlanta will have
meeting very soon to handle
this subject. 1 know l voice the
sentiment of every banker in Atlanta
when | say that they will be just as will
ing this year to advance money to get the
cotton crop in shape as they have ever
been, There cannot possibly be any
trouble here. The banks will all have
the money. We have had no bank fail
ures in Atlanta, and everybody knows
that there is no weak spot in our finance.
We have the money here. All that re-
mains is to get 1T loosed This can be
easily done, if the people will keep their
heads. There is no scarcity of money,
ipSo facto, in Atlanta. There may be
some hesitancy to turn it loose, but the
money is here Besides we can arrange
with New York and Chicago to get 1T.
THE soUNDEsT CITY IN THE UNION"
~ am as well satisfied in nv mind that
the cotton crop will move off to market as
easily this year as before as / am satisfied
that Atlanta is the safest and soundest
city in the union. 1t is no sillybub.talk.
1t is straight fact that Atlanta's banks
are in the position to advance money for
the moving of crops in this region of the
state, and will do 1T.
"Of course, the very advance of the
money to the men who buy the cotton and
the dissemination of the money through
this section win restore confidence, for it
will put more money in circulation and
will tend to do just what we want to be
done to get the peoples heads clear of
any fear about the ability of the city's
banks. AS soon as the cotton bales begin
to roll into the farmers hands, and the
farmer pays the merchant
what he owes him, and the mer-
chant pays his obligations, just
so soon win the financial condition of this
region get beyond doubt or fear, and
then we will have that peace and conf
dence that it takes to drive away the
cloud of hard times" President w. A.
| Hemphill, of the Atlanta Trust and Bank
| ing Co., has a valuable suggestion. He
says: "lf the United States treasurer
wants to help move the cotton crop let
| him send silver to the cotton centers,
making the national banks in these tenn
| porary sub-treasuries."