The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1907-01-04
Magic ci5's Claims ConVinc-
ing|y Set Forth
UB.TREA5URY MUS TCOME
Senator Writes Underwood That Bir-
mlnaham Is Center of Cash Produc-
Ing Capacity Of south-DeIe-
cation viii Assist.

washington, January 3.-(Special) y
There is practically no change here in
the United States sub treasury situation.
Every state in the group which 1t is ten
tatively agreed will include the new dis
trict has a favorite city and the members
from each state are working hard for the
second choices,
Representative Underwood and the other
members of the Alabama delegation have
had personal interviews with the men,
bers of Congress having a voice in the
matter, and the Alabamians in putting
forth the claims of Birmingham have met
with every encouragement. The arrival
of the Birmingham delegation Saturday
is anxiously looked fory'a to, as it is
believed it's members will lend much as
sistance to the congressional delegation
in its work.
Inquiry at the treasury department to-
day ELECTED the information that there
are nine treasures in the United
States. New York and st. Louis and Bos-
ton were established in 1916, and the fol-
lowing In 1873: Baltimore, Chicago, Gin
einnati New Orleans, Philadelphia and
San Francisco
The following letter from Senator Nor
gan was received by Mr.. Underwood to-
night In it the claims of Birmingham
are brought forward in the best possible
manner The senator says:
''Win you kindly represent me as my
proxy in any action that may be taken
as to the location of a sub-treasury in
one of our southern states?
MY conviction that Birmingham is the
center of the great bulk of cash produce
ing capacity of the south, and, indeed, of
the United States, controls my vote in
this matter and without reference to
:. ,.Ists linss Or Stass pride. y~,s%,--~ -.
y nean a cash producing pacity that
derives its contributions from places that
are not within the cotton belt, after sup
plying the consumption within that area.
We consume only small percentage Of
the cotton, iron, coal and oils that we
can produce or that we now produce. The
surplus sold to places outside the cotton
belt is paid for in money, and the use
of that money Is real basis for increased
production. 1t is, in fact, surplus capital
earned in the cotton belt, and it should
be concentrated within that area. The abb
sence of such concentration places all
those surplus earnings in the control of
other great money centers and keeps the
south in the attitude of borrower of the
money earned at home and drawn from
all the markets of the world. 1t is a mat
ter of great Importance to concentrate
this money.
Birmingham is practically central to
the cotton belt, which yields, in gold.
more than $500, 900 annually, which is
more than twice the annual yield of all
the gold mines in the world. 1t is in
disputably the mineral center that is yield
ing the controlling factor in the mineral
markets of the world. l notice that it is
yielding s5S000,OO0 annually. This will in
crease many fold in a few years. Its
central location to the cotton and mineral
production of the south clearly designate
Birmingham as proper location for the
additional sub-treasury that is about to
be established.
This is matter that concerns the
entire cotton belt and the grain regions
that find their market in that area. 1t is
a provision for the benefit of all produce
ing and manufacturing classes of the peo-
pie, and should not be dwarfed into a
rivalry between our great and growing
cities. Sincerely yours.
JOHN T. MORGAN"