New-York tribune., 1913-11-25
FIRST BALKAN
LOAN ANNOUNCED
o.d Features of Currency Bill
Crop Moving Fund.

y,,praly opposition to several provi-
embodied in the proposed currency
''Ds .,,,s will not cease while there Is any
msSS,;. s,,;.,, for Improvement. The deposit
pOS''N feature, said to be in contem-
sDa, ,,,u be among the most obJec-
pAuy'i% psio Of the Bills provisions. Possibly
- we'll 10 allow as many bad sec
- 70 be Incorporated in the measure
u'"s ,ssible. so long as untried theories
~ p,.s,ired TO become part of the new
ne The way to bring about an improve
~" g., bad law is to enforce It, and
n' ,rblic will soon tire of a currency
''' inre so full Of visionary provisions.
Stimulating the Farmer.
Tho United States is rich in its farm
ard its agricultural output, but
@i o,1 the boundless acres of cultivated
VIZ nrcultiyated land. we are still i'm
az D..ers Of agricultural products. All inn
E..o,ions Of this sort are reflection
our agricultural economics. and the
.,, lies at the doors of American farm
i1r pecent movements in different states
.nsed 70 stimulate the farmer to raise
liter crops have been fruitful Of good
results.
~, Corn Exchange Bank of Philadel-
"a IN the early spring this year offered
-,onsv prizes for corn grown in the ter
.,.,rv contiguous 10 Philadelphia, embrac-
49, The four states New Jersey, Penn
'vlvania. Delaware and Maryland. and on
n..amber 4th. 9Th and 9th, Philadelphia
An have an agricultural conference at
hitch will be considered the relations OF
q. city and the country, covering the
-,rkst situation in all sorts OF farm
.,odpce. Various speakers Of national
.,outatlon will be present, including ex-
arts along agricultural lines and 1900
ns,o how corn growers will attend. Ef-
,,-,s Of this kind will soon result in
added Improvement in acreage produc-
son OF crops and add to the financial
income Of the farmer.
The First Balkan Loan.
II. initial announcement OF Balkan
s,a,ss loans has come from the Ruma-
nan government. which was one OF the
Pskan States that suffered the least
rom the late hostilties. while benef1ting
very considerably in the concessions OF
,rdtory by Bulgaria. The new loan an
,oupced by Rumania amounts TO about
wOo,Ooo and the Offering is distributed
between England, Germany, Belgium
Rumania and this country. The bonds
,re made to bearer and call for interest
At the rate of AZ per cent. The returns
from this loan will be used for reclaim
fng land, making roads, lettering the
school system and repaying floating
debts, and the bonds are repayable in
haK-yearly drawings at par for a period
q forty years. Rumania's financial con-
dition for the last five years shows con-
Siderable improvement. surplus has
been exhibited for each year, and this
loan Is thought to be an attractive one,
although affected by the complications at
tending Balkan politics as a whole.
The Crop Moving Fund.
II is reported that the Secretary of the
Treasury will not ask for any of the
money loaned to banks for the movement
Of crops until next month, and at the
present time about two-thirds Of the s5o,-
0l00 set aside for the banks in the crop
section has been distributed In the dis
tribution Of these funds Missouri has re-
eeiyed the largest allotment, amounting 70
A15CD0, while Illinois is second with
10000. The lowest apportionment has
been to New Mexico and California, each
having received $4,000. About N,50O,0O0
has been returned TO the Treasury Depart
ment by banks as a result Of the matur-
Ing Of commercial paper which was put
up as security. The banks preferred TO
return the Treasury loans rather than
provide new security. When the plan
was first outlined for the distribution Of
government funds. it contemplated Treas
ury deposits remaining with the banks
about six months, but there is so little
demand for crop moving money now, that
The account IS practically idle.