Abbeville progress. (Abbeville, Vermilion Parish, La.) 1913-1944, 1913-08-30
s2,5OO,OOO TO MOVE TEXAS CROPS
HOUSTON, GALVESTON, SAN AN.
TONIC, DALLAS, FIT. WORTH
GET DEPOSITS.
South Will Get s21, 100000, and An APP.
portionment of s5o,o0o,ooo Has
Been Set Apart by Treasury.

Washington.-Secre McAdoo an
nounced Tuesday the apportionment
as far as it had been completed. c.
the s5O. goo, 900 to be deposited by the
government in national banks of the
West and South to facilitate the move
ment and marketing of crops. The
total amount allotted to date is $780,
SOC. 900. of which 21,800,0OO goes to
banks in the thirteen Southern States
and the District of Columbia and $24,-
700 600 to the fourteen Western States.
The Southern banks have asked that
their share of the funds be deposited
in August and September and those in
the West want the money apportioned
to them during September, October
and November. The money will be al
lowed to remain on deposit on an aver
age of four or five months. All OF 1t
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 installments.
In a statement announcing the APP
portionment, Secretary McAdoo SAID:
THE funds are deposited in the banks
/ in the West and South because 1t is
believed there is short demand for
money to assist in marketing the
crops but if in the East or
elsewhere it should be shown that
there is need for the temporary use of
funds for similar legitimate purposes
the government will be quite as ready
to extend similar aid"
Many factors were taken into con-
sideration in arriving at the apporuon'
ment of deposits in the West and
South. Among these" the secretary
said, were the immediate needs OF
the localities as reported by the com
mittees of the clearing houses in the
conferences held with them in Wash
ington, the capital of the different ma
tional banks and the character of bust
ness transacted by them. The amount
of money which these banks are at the
present time advancing to their coun
try bank correspondents and the. lad
ditional accommodations which they
expect to extend to these correspond
ents: their present condition, a:
shown by the last controllers call
their outstanding circulation and thu
amount of rediscounts they may have
made in their efforts to meet the lie
; Ultimate demands upon them of Gus
toners and correspondents"
Following are amounts allotted Il
, The Southern States cities designated
, as repositories and a partial list
government representatives:
Alabama, $1,5O0,OO Birmingham
Mobile, Montgomery.
I Arkansas, $500, OO0-Little Rock.
t Florida, s1,15O,OOO - Jacksonville
: Pensacola, Tampa.
). Georgia, S1,7OO ,OO0-Atlanta, Savar
nah, Augusta, Macon.
: Kentucky. s1.65O.OOO - Lexington
Louisville.
Louisiana, $4,000, OOO-New Orlean
Shreveport.
Maryland, $4,000, Baltimore.
Mississippi, $500, OO0-Jackson, Nj
i ridian, Vicksburg.
l. North Carolina, $1,300,000 Cha
l. lotte, Greensboro, Wilmington, Ra
Ie eigh.
is South Carolina, $500, O00-Charle
a. ton, Columbia, Greenville, Sparta
Is burg.
T. Tennessee. 1880, 000-Chattanoo
Knoxville, Memphis, Nashville.
Texas, $4,000, 000-Dallas, Galvesto
y Fort Worth, Houston, San Antonio
IN Virginia, S1,450,000 = Lynchbur
De Norfolk, Richmond, Roanoke.
III District of Columbia, 100000
rd Washington.
i'd The amount apportioned to Ok
It. homa is $750,000, to be deposited
Muskogee and Oklahoma City.