Pine Bluff daily graphic. (Pine Bluff, Ark.) 1893-1942, 1913-08-16
LETTERS EXPLAIN
government AID
Senator Robinson Writes He
is Trying to Get Fund
for Pine Bluff
TAYLOR WRITES, TOO
Congressman Says Nothing Can BE
Done for Pine Bluff.-Inserts
Secretary's Letter.
TAYLOR WRITES, TOO

Letters have been received by VI.
| E. Bloom, manager of the Pine Bluff
Clearing House Association, who took
! up the matter of securing some of
! the Treasury Departments $5O,O00,-
900 crop moving fund for Pine Bluff
and it's planters, from Senator Joe
T. Robinson and Congressman S. NJ.
Taylor, in which they explain the
plan adopted by Secretary of Treas
ury iMcAdoo in the distribution of the
crop moving fund" Congressman
Taylor says that he has been in
formed by Assistant Secretary John
Shelton Williams, of the Treasury
Department., that Little Rock was to
be the sole depositary for the crop
moving fund in Arkansas, and that
Pine Bluff banks would draw their
shares of the government aid from
the Little Rock banks.
In the same mail Mr.. Bloom receiv-
ed letter from Senator Robinson in
| which he says:
In reply to your letter, I will at
once take up with the Secretary of
the Treasury your request that an eff
fort be made to have the government
deposit 100000 or $1,OO0,O00 with the
banks of your city, with commercial
paper as the basis collateral. I am
informed that the Secretary has
decided to select Little Rock as the
reserve deposit city for Arkansas and
not to make deposits in other cities
of our state. Concerning this you
will be advised fully hereafter"
Congressman Taylor in his letter
says that he and other congressman
from Arkansas talked with the Treas
ury department officials, but that he
believes nothing can be accomplished
to aid local bank or banks, as the
plan has already been adopted by the
Department of the distribution of the
fund. His letter follows:
Letter to Mr.. Bloom
my dear Mr.. Bloom: Your favor
of the ninth in which you make in
curry as to whether a Pine Bluff
bank will be made a depository of
the money proposed to be distributed
throughout the country to aid in
moving the crop will say. that in the
very beginning and so soon as it was
definately known that this action
would be taken by Secretary McAdoo,
I became at once actively interested
to the end that Little Rock be not
the sole depository city in Arkansas.
This l did not because of any I'M
friendliness to our capital city, but
believed that other small cities in the
state be permitted to share in the
handling of this fund, but was
promptly informed that it would be
Impossible to secure change in this
respect. Several of our Arkansas
delegation, including mself, visited
the Treasury Department insisting
upon change, but in this we failed.
Only national banks are eligible to
receive these deposits, and we were
informed that these banks as also
country banks in Arkansas could be
accommodated through Little Rock,
New Orleans, Memphis, Chicago, New
! York, st. Louis, and in other cities
by their bank correspondents in these
cities respectively. We We're also as
sured that there would be no doubt
that in the appointment Arkansas
would be accorded it's fair appoint
ment. The Department seems to be
fully advised as to our cotton crop
and the money required to move 1t.
No apportionment to the different
| states has as yet been made and for
this reason l am sorry that 1 am un-
able at this time to tell just what
sum our state will be awarded Your
letter I read to Hon. John Shelton
Williams, assistant secretary OF the
Treasury, and who will largely be In
charge of the distribution OF this
money, under the direction and ad-
vice of Secretary McAdoo. For your
further information hand you below
the copy of letter written to me
by Assistant Secretary of the Treas
ury ON yesterday, and which is as fol
lows: