The Washington herald., 1913-09-14

ing back into the banks, the crop move,
lment will be easily financed and better
times, are expected.
Going Ont Slow.
The Treasury Department has made
no announcement Of the placing of the
s5d, 0O0, 600 to help move the crops.
There Is story on the street to the
effect that less than s1O,o00,OOO has been
sent out. That bank after bank has been
turned down, when applying for cash.
One Of the interesting stories relates to
the turning down Of the application of
one Of the strongest banks In the District
and the sending over Of q pittance to
enc of the most important fiscal instttu-
tions q fraction Of the aid extended to
other banks.
Many Southern bankers, from the very
heart Of the section which the depart
ment especially desired to favor, are said
to have been made to feel an under
current OF antagonism in the Treasury
Department.
On Tuesday 100000 will be taken from
Washington national banks on account
Of tax deposits, probably more or about
the same as the cash advanced.
This month $4,000 more Philippine
money will be taken out of two trust
companies, more than exceeding with the
tax money the proposed allotment TO To-
cal banks
Bankers in some municipalities, hav-
ing high grade credit, also resentsthe
ruling of the department by which their
bonds are debarred as Collaterai-the
same bonds that have heretofore formed
part security for government deposits.
All in ALL the proposed S50,0OO,0OO for
crop movement, has been the cause of
more or less ill feeling, combined with
satisfaction on the part of favored in
stitutions.
1t is predicted that there will be big
pull exerted through members of Con-
gress when the demand is made for re-
payment, as some OF the bankers are
likely to make an effort to retain de-
posits more or less permanently.
1t was a nightly advertised move
ment, but has not been entirely satisfac-
tory in its indirect or direct results.
Entertainment Program.
An elaborate entertainment program
has been arranged by the Boston bank
ers for guests at the big convention be-
ginning on the eighth Of October. This
includes the placing of 100 automobiles at
the disposal of the delegates and guests
throughout the convention; a carnival on
the Charles River Basin Monday eve
ming; a reception and ball in symphony
Hall with a SLffet supper in Horticul-
tural Hall Tuesday evening; lunCheons to
the delegates in Horticultural Hall on
Wednesday and Thursday moons: his
toricaI meetings on Wednesday evening
simultaneously in Faneuil Hall. the Old
North Church the Did South Meeting
House and Kings Chapel; a special con-
cert in Symphony Hall by the Boston
Symphony Orchestra on Thursday eve
ming and a full day OF entertainment in
Boston harbor and at Nantasket Beach
with a shore dinner in Paragon Park on
Friday.
Junior Bankers Coming.
On Tuesday of this week about 400
young bankers from all over the country
will tarry awhile, but not rest in Wash
ington. en- route TO the convention OF
the American Institute of Banking at
Richmond, Wednesday, Thursday, and
Friday next.
They will be taken in hand by mem
bers Of the Washington Chapter on ar
rival. At $50 a. m, the visitors will
be takeE to Mount Vernon, Arlington.
Alexandria, and Fort Myer returning in
time for luncheon at the Raleigh, after
which the guests will be taken in auto
mobiles for a tour of Washington.
Washington Chapter has worked faith
fully to obtain dining car facilities en-
route to Richmond for their guests, but
by reason of the small army, about 500,
counting the delegates to go from here.
they were unable to make arrangements.
The automobile ride will terminate at
so in the afternoon, and two hours
later it will be "on to Richmond" where
fresh hospitaIities await and much busi-
ness.
A coupon ticket covering the four
functions. including admission to Mount
Vernon. have been issued.
Washington Chapter has gone to the
front in good shape and the treasury
of the organization will be many hun
dreds lighter as a result of Tuesdays
drafts.