The Washington times., 1913-08-10

Interest in Washington, as elsewhere,
continues TO center about the Govern
ments policy of distributing s5o.ooooo.
of Treasury funds in the South and
West. to be used in moving crops. All
week, bankers from different sections OF
the country have been in Washington
comforting with Secretary McAdoo and
other Treasury officials. Others Will
appear here this week and discuss the
proposition with these men.
Washington being the gateway to the
South from New York, naturally VIII
be benefited by the scheme. Many WASH
ington bankers anticipate a reasonable
increase in local business as result
of this distribution.
Treasury officials have given out fig
ures 10 show that the Eastern States
In the past have gotten the bulk or the
emergency appropriations. Even when
the money went for the movement or
crops the Eastern banks got most OF IL,
desplte the fact the crops are raised in
the South and West. II was TO correct
this. the Treasury officials declare. that
Secretary McAdoo offered to turn over
S50 600 600 to the Southern and Western
bankers alone.
The figures issued by the Treasury
cover a period of twenty years. and
show the highest and lowest amounts
sent into the three sections OF the count
try the East, the South, and the West.
The greatest amount ever sent TO the
West was 900, during the panic
Of 1907. The least was $4,O1G0. South
ern bankers got $5S0oOoO one year, ana
SIG O0O, 900 was the low mark. In the
East. however, $l34, ,0o0, 900 was the great
est amount loaned, and Sl200OoOUo the
smallest. The money sent East for crop
moving purposes was without interest
and was loaned to banks in the south
and West, II is said.
Treasury clerks have been Dusy Ior
the last several days preparing data FOR
the distribution Of the $4,000, which will
be made soon after the conference with
the Pacific Coast bankers. which will
be next Thursday. Crop reports. bank
conditions, and territory are to be con-
sidered in the apportionment.
The condition Of the United States
Treasury yesterday was:
Net balance in general fund. $l3l.527,-
69s
Total receipts Friday. 81, 1872, 1853
Total payments Friday. &,93 81.
The deficit this fiscal year is S9,7l0,4 ,42S
against a deficit of 1855, 4l9 last year, ex-
elusive OF Panama Canal and public
debt transactions.
Answers to the twenty-three questions
asked OF the various telephone Compa-
nes of the country by the Interstate
Commerce Commission, regarding the
conduct of their business to the close
of last December. must be received by
the commission by October !. Some Of
the questions are: Whether the COM
pany holds a 25 per cent interest in any
other corporation; II so. how the stock
is held, by proxy or otherwise; list OF
ten largest holders of stocks or other
voting securities; the amount OF free Sur
reduced toll service furnished. financial
statements. pole and wire mileage. ex-
change rates with other companies. and
a description OF all telephone stations In
use
Trade prospects for the fall and win
ter continue optimistic In tone. No
where is any deep depression reported,
and merchants and railroad heads In
general declare the outlook is excellent.
Slime little lrregularlty exists In certain
quarters. owing to the uncertainty OF
the corn crop. but this Is largely offset
BY the prospect of a bumper yield Of
wheat. The money situation reflects
less tension. with better understand