The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-02-20
PLEA FOR SAVANNAH
WILL BE MADE BY DELEGATION IN
WASHINGTON TODAY.
TO GET A SUB-TREASURY.
WILL BE THE OBJECT OF THE
DELEGATIONS ARGUMENTS.

President Mills b. Lane of the sa-
Vannah Clearing Association,
Mayor Herman Myers and Presi-
dent j. T.. williams of the Savan-
nah Cotton Exchange Will APP
pear Before Committee on Ways
and Means-Chairman Lane of the
Delegation viii EndcavOr to show
why the Wide Section Between
Washington and New Orleans
Should Have a sub-Treasury and
That Its Location should he sa-
vanDab.
The Savannah delegation to urge q
\ sub treasury Savannah left yester-
day for Washington, where a hearing
is to be accorded it to-day by the
House Committee on Ways and Means.
President Mills 3. Lane of the Sa
vannah Clearing Association is chair
man of the delegation, and the other
members are Mayor Herman Myers,
representing the city, and Mr.. J. p.
Williams, president of the Savannah
Cotton Exchange, which he represents.
Mr. George w. Tiedeman was to have
gone as a representative of the Sayan-
nah Board of Trade, but found at the
last that it would be impossible for
him to leave.
At the New Willard House this
morning the delegation will be met by
/ Col. r. f. Lester, congressman from
this district, and escorted before the
Committee on Ways and Means. The
Savannahians will then present their
arguments. Mr.. Lane will offer the
following plea for Savannah, the two
blanks chat will be observed being
filed in upon his arrival in Washing
ton, where he will be able to secure
the necessary information:
IF we understand the situation cor
rectly, it has been the policy of. the
government to locate sub treasures
from time to time in certain sections
of the country, for the same reason that
they spend large sums of money on
river and harbor improvements, in or
der to aid the various sections of the
country as trade conditions and devel-
opment demand.
1--WE believe the country between
Washington and New Orleans now
needs a ub-treasury, as the people in
that section could use a sub-treasury
to better advantage and with more
profit than the people tributary to
New Orleans derived from the New
Orleans Sub Treasury at the time the
Government located sub-treasury
there.
Georgia, Alabama, Florida and the
| two Carolinas have enjoyed wonderful
development in the past few years in
i the production of crops of various
kinds, to say nothing of the develop
ment in the manufacture of cotton and
other goods; the two Carolinas and
Georgia now manufacture almost as
many cotton goods as all of the New
England States, and the increase in
manufactures is steadily progressing
each and every year.
There is now employed in the two
Carolinas, Georgia and Alabama $111,-
260 S07. 90 capital in the manufacture
of cotton goods and they annually man.
ufacture goods to the value of $S4, 1885,
ass 90, while in 1890 there was only
employed - and only manufactured
goods to the value of -, which shows
that the country between Washington
and New Orleans has enjoyed, and is
now enjoying, a wonderful develop
ment, and of coure, necessarily con-
tributes largely to the support of the
Government and should be given pro-
per credit and recognition.
| Il
the territory above described, Savan-
nah should have it, as it is the chief
| city of the Empire State of the South,
| the largest handler of naval stores and
| lumber of any port in the world, to say
| nothing of the volume of business done
| in phosphates and cotton; Savannah
being the third largest cotton market
Our daily receipts average something
like $500 bales per day, and during the
| active movement of the cotton crop
| our receipts are from ten to fifteen
| thousand bales per day. which means
the use of from four hundred to six
hundred thousand dollars daily in cash
to handle the receipts. During the
early movement of the crop, interior
banks make heavy demands of Savan-
nah for currency and small change In
order to handle the crop, and Savan-
nah sends money as far west as Bir-
| mingham.
some Atlanta, Augusta, Columbus
Columbia, S. c.. and Montgomery, Ala,
| banks have refused to ship money to
| their Savannah correspondents for any
balances. claiming that Savannah is
one of their chief sources of supply for
currency and small change. and that
they cannot undertake to furnish cur
rency to Savannah: so it is very evil
dent that the country tributary to Sa-
Yannah relies chiefly on Savannah for
| ltS supply OF money. during the TAN
months fractional silver is sent out
! by the government free of cost, but it
takes considerable time to have it de-
! liVered at the point at which it is
desired, as the banks in the in
| terror have to make their request of
their Savannah correspondents,
and in return the Savannah banks re-
quest their Eastern correspondents to
| deposit the amount desired with a sub
treasury and have the silver sent to
parties desiring the same, so taking
from one to two weeks to have trans
fers made; when If sub-treasury was
located i'm Savannah. the banks would
save the delay and the government
would save the difference between ex-
press rates from philadelphia and the
express rate from Savannah to the
point at which silver Is needed.
During 1901 $50 steamships and sail
ing vessels left Savannah for foreign
and coastwise points. and carried a
tonnage OF 1,2S1.749 tons Of freight from
Savannah These ships brought into
Savannah tonnage Of 1,277.1i3 tons
ITO show the value of business done
by the Savannah banks. the clearings
between the banks in 1901 was Sls2, 496. 20
$3.50. which is the largest clearing OF any
town between New Orleans and Wash
inRtOp.
TO further support our claim for a
sub-treasury at Savannah. we have
resolutions from the Georgia Bankers
Association and the Augusta and Ma