New-York tribune., 1913-08-05
NJ 'AD0O CALLS BANKERS
TO CROP FUND COUNCIL
Fifty-nine Cities in Farm Re-
qions Invited to Send Dele
gates to Capital.
$50, ,OOO, 900 LOAN BY u. S.
Entire Amount Will Be Distrib-
uted if Conferrees Declare
Situation Demands
Such Action.

Washington. Aug f.-Representative
bankers of hftv-nine large cities I'm the
agricultural regions OF the South. Middle
West and Pacific Coast were invited by
Secretary McAdoo to-day TO come TO
Washington TO confer with the Treasury
Department regarding the distribution Of
the $50 10000 II government funds about
to o." deposited in the national banks Of
those sections 70 facilitate the marketing
and movement OF the crops.
This unprecedented step. which Will cali
20 Washington bankers from the centres
that Will finance the handling Of the great
crops soon 10 be harvested, Is designed 70
give the secretary first hand information
and advice as 10 the specific and relative
nee Is of each - the farming districts. II
has been tentatively decided TO place the
deposits in the 1fty-n!ne cities TO be rep
, resented at the conferences
Invitations were sent by telegraph tc
the presidents Of the clearing house as
sociatons g. each OF the cities, asking
them 10 send representatives or commit
toes 10 Washington 10 discuss arrange
ments for dopositing tho big sum. The
conference with the representatives from
the Southern cities will he held at the
Treasury Department on Thursday, Au-
gust :; With those from the West on Fri
day. August s and with those from the
Pacific Coast on Thursday. August Il.
The following cities have been invited
10 be represented
birmingham. Mobile and Montgomery.
Ala. Little Rock. Ark. Los Angeles and
san Francisco. Cal. Denver. col. Tampa
and Jacksonville. Fla: Atlanta and Sa-
vannah. Ga. Chicago. III; Evansville,
Fort Wayne and Indianapolis. Ind. Des
Moines and Sioux city. Iowa. Kansas
city and Wichita. Kan. Louisville, Ky;
New Orleans. La. Baltimore. Md. ,
Vicksburg and Meridian. Miss. St Louis
and Kansas city. Mo. Minneapolis and
St Paul. MINI, Detroit. Mich. Char
lotte. Wilmington and Raleigh. n. C.;
Omaha. Ncb, oklahoma city and Mus
kogec Okla. Portland. ore: Cincinnati.
Cleveland and columbus OHIO; Charles
ton. Columbia, Spartanburg and Green
VILE :. g.. Chattanooga, Knoxville Mem
pills and Nashville. Tenn; Dallas. Gal
weston Houston and San Antonio Tex.
Richmond. Lynchburg. Norfolk and -Roa-
uoke Va: Wheeling. w Va. Seattle
and Spokane. Wash and Milwaukee.
Wis.
Secretary McAdoo announced that IL
was not practicable to increase the num-
ber OF cities and that he believed those
selected We're thoroughly representative
OF the agricultural sections
Treasury officials asserted that the en-
tire $50 90. 600 which has been offered would
be deposited IL the situation demanded II.
II was explained that care would be
taken 10 prevent any undue imitation Of
the circulating volume of money and that
the government would deposit only what
was needed 90 assist In moving the crops
with the stipulation that il must be re-
turned 10 the Treasury as soon as that
need should have passed. At the confer
ence with the bankers Secretary McAdoo
will discuss the amount needed and the
dates named for the gradual return of the
money 10 the government
The Treasury Department expects to
begin making the deposits before the
close of August and gradually to feed
the money into the selected centres rs tho
demands grow through the crop moving
period.