Pine Bluff daily graphic., 1913-08-13
Congressman Taylor Wires Manager Bloom, of Clear
 ing House Association.
AN ANSWER TO LETTER
Local Banker Wanted Treasurer Me- Ad0o to Help Move Cotton Crop
 at Pine Bluff.

State banks are eliminated from the $50,0oo,000 fund that is to be dis tributed by Secretary of Treasury ! William G. McAdoo to Southern and Western banks, to aid in moving the crops this fall. This information was received yesterday from Congress- man $. NJ. Taylor, of this city. who wired M F. Bloom. cashier of the Citizens Bank and manager of the Pine Bluff Clearing House Associa- tion, to that effect The telegram was in answer to letter, which was sent to Congressman Taylor by Mr. Bloom August 9. in which he urged the Sixth District representative in Congress to have Pine Bluff banks listed among the banks that are to ! receive government aid.
 In his telegram Congressman Fay i Tor says: Letter received. State banks cannot receive deposits. l feel sure Arkansas will be fully provided for. This from personal interview at Treasury Department. Only national banks can receive these deposits and must have outstanding circulation amounting to not less than forty per cent of its capital. Letter will fol- low"
 The Graphic toook up the matter of securing government aid for the farmers of this section, through it's banks, editorally several days ago and urged that some action be taken by the representatives in Congress from Arkansas to this end. It had never been made clear at Washington that only national banks were to be favored by the Secretary of the Treasury. Pine Bluff has one national bank, but whether or not it's outstanding circulation will meet the requirements of the Treasury Depart ment in the matter of receiving government aid. could not be learned last night.
 Mir. Bloom in his letter to Con- gressman Talor said:
 "In looking over the press dis patches of the different cities in the South which will receive a part of the funds that Mir. McAdoo, Treasurer of the United States, will deposit, Pine Bluff does not appear on the list.
 You understand that next to the City of Little Rock, Pine Bluff hand les more cotton than any other city in the state and our large producers naturally look to the banks to render the necessary assistance to nov ing and marketing the cotton, and to do this it is going to require a larger sum of money to meet the demand than heretofore. To give you an idea of the large amount of money required to assist in the movement of the cotton crop, we are enclosing a statement of the Citizens Bank of Pine Bluff at the close of business December 31, 1912, showing that this bank carrying on cotton over one- half million dollars. The other banks were carrying their part also
 "It appears from press dispatches that the Secretary of the Treasury in alloting this money will do so to state banks as well as to national banks. If this information is correct, We see no reason why Pine Bluff should not be favored, and we feel confident that you and your associates will use their best efforts toward that end.
 We will be glad to hear from you at your convenience and if you have any suggestions to make that will make it possible for Pine Bluff to be benefited in receiving part of tho large amount to be deposited in the banks in the South and West, we would be glad to have you express yourself freely