The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-09-15
MAY USE MONEY
TO MOVE CROPS
More Than 500, 100000 Not Re
quired by Government Now
in Treasury.
Especial to Tho Times-Dispatcb1

Washington. September l4.-The
United states Treasury Department
has OH hand at this time exactly SEQ. =
100000 more than 1t can usc. and Il
is understood that tho question Of
using this money to move tho crops
OF this year is being considered by
Secretary MncNeash and President
TAFT and that decision in the mat
ter may be reached within the next
few days. There arc strong reasons
for believing that action favorable to-
ward putting out come Of this largo
amount Will he agreed upon.
Such action will attract notice. for
the reason that FOR four or five years
1iiis policy has not been followed.
When Leslie NJ Shaw WAS Secretary
Of the Treasury large amounts wero
used to move the crops each Year. but
when George 4. Cortelyou succecded
him he did not favorably regard the
plan. hence It was discontinued
The matter possesses special inter
est at this time for several reasons.
This is presidential ycur. and it IS
administration might charge that any
such distribution is political: further.
that this is a year OF amazingly large
crops. and that the banks win APP
parcntly need help.
l'inanciers and Treasury officials IN
Washington arc closely following ;nc
situation. and those who are on the in
side declare that Secretary MacNeaEh
favors the plan. that he realizes the
hard problem on his hands because OF
tho political questions which would be
involved. Not alone does he have 90
decide whether 10 loan the money out
In tho midst OF one OF tho most eN-
citing political campaigns which the
country has ever known. but he must
also decide. II the money IS put out.
how ne IS going 10 distribute g. This
amount-s6o 600 600 be 80 cquit-
ably and judioiously handled that no
mistakes Will DO made. either political
or otherwise II the money goes 20
tho big financial centres he VIII he
accused OF catering TO and iavoring
tho money power.
1t is said that the present condition
OF tho Treasury and tho fact that ma MS
banks arc beginning 10 show signs ~
needing financial assistance 10 move
tine big crops OF thu present year seem
make II almost certain TINT The
government must make distributiou
of part OF the public funds which arc
not now needed. This Is the View Or
the best Informed mon hero. Az stat
Cd. there is on hand IN tho Treasury
something Ike s5o.ooo.ooo more than
is now required 10 meet tho govern
mcnts needs This is actual monoy.
1t represents credit OF four times that
gum or s.1oooo.oo0. In other words.
there is prao,icaily Withdrawn from
channels OF credit in this country ~
this time s24o,ooo,ooo more than ,hero
ought 10 he.
It cannot nc said that tne banks arc
pinrhod for funds az ihis time NAT
II looks as n tho big craps would give
them a heavy load 20 carry Trio ro-
serves 81 tn" New YORK banks. for in-
stance. arc beginning 70 show the ~
fcrts Of the demands from tho Interior
Tor crop money some ~ tho West
arm banks are feeling a.
Secretary shaw. who was Grim be-
icveg IN using this accumulated fund
for the bcncht OF tho people. used TO
distribute u in tho Interior points
whore needed VOL as ln tho bis
money centres + IL McG