The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1913-08-29
NEARLY TWO MILLION
DOLLAR CROP MONEY
COMING TO STATE
ANNOUNCEMENT OF APPORTiON.
MENT MADE BY SEcRETA.
RY M'ADOO.
SOUTHERN BANKS COME FIRST
placed in Banks to Assist In Moving
Crops West and South-Special
Representative of the Government
Where Deposits Are Made.

drops WSst anu oouS"-o PSSidi
Representative of the Government
Where Deposits Are Made.
WASHINGTON, Aug. a. Secretary
McAdoo announced today the appor-
tionment as far as it had been COM
pleted of the $5O,OOO,OOO to be depos-
tied by the government in national
banks of the west and south to facil-
itate the movement and marketing Of
crops. The total amount allotted to
date is $46,500,000, Of which $21 $780,
600 goes to banks in the thirteen
southern states and the district of Co
lumbia, and $24,7O0.00O to the four
teen western states.
The southern banks have asked
that their share of the funds he de-
posted in August and September, and
those of the west want the money ap.
portioned to them during September,
October and November. The money
will be allowed to remain on deposit
an average of four or five months.
All of it is to be returned not later
than next April, and the southern
bankers who get their money first. in
December, will begin turning it back
into the treasury in monthly install
ments.
In a statement announcing the ap-
portionment Secretary McAdoo said ::
THE funds are deposited in the
banks of the west and south at this
time because it is believed there is a
special demand for the money to as
sist in marketing of the crops which
are now being harvested in these par.
ticular sections, but If in the east or
elsewhere it should be shown that
there is need for the temporary use
of funds for similar legitimate pur-
poses, the government will be quite
as ready to extend similar aid"
In each depository city the govern
ment has chosen a special representa-
tive, who will serve in conjunction
with the clearing house committee OF
five to pass on all commercial paper
recommended as security for depos
its, and all paper before being accept
ed must be unanimously recommend
ed by this committee.
Following are amounts allotted to
southern states, cities designated as
repositories and partial list Of the
government representatives:
Alabama, $1,50o,0OO; Birmingham
E. M. Tutwiller; Mobile, Albert
Bush; Montgomery. w. A. Gale.
Arkansas, 5000, 900; Little Rock, w
NJ Kavanaugh.
Florida, $1,5O0,OOO; Jackson Vile
Pensacola, Tampa.
Georgia, $1,70O,OOO; Atlanta, Swan
nah, Augusta, Macon.
Kentucky. $1,65O,OOO; Lexington, j
E. Cassidy; Louisville.
Louisiana, $2,6OO,0OO; New Orleans
W. T. Hardie; Shreveport.
Maryland, $2,SOO,OOO, Baltimore.
Mississippi. 100000; jackson, w
Q. Cole; Meridian, J. H. Wright;
Vicksburg, P. M. Harding.
North Carolina, $1,3OO,O0O; Char
lotte, Greensboro, Wilmington, Ra
leigh.
South Carolina, $1,5OO,OOO, Charles
ton, Columbia, Greenville, Spartan
burg.
Tennessee, $1,95O,000; Chattanooga
W. F. Kalb; Knoxville, Samuel B
Luttrell; Memphis, Samuel p Read
Nashville, Joseph H. Thompson.
Texas, $2,500.0O0; Dallas, Alexander
Singer; Fl. Worth, Houston, Calves
ton, I. H. Kempner; San Antonio.
Virginia, $1,45O,0O0; Lynchburg
Norfolk p;chnord pooroka