The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1913-08-13
BANKERS INVITED
M'AD0O ASKS THEM TO HELP AR.
RANGE PLAN
FOR FINANCIAL NEEDS
Bankers of Fifty-Nine
Large Cities in the Agricultural Re-
pions of the South and West Call
ed to Washington to Consult With
the Secretary Of the Treasury.

e0 10 washington W SOuouse "Aoh
the Secretary of the Treasury.
Representative bankers Of fifty
nine large cities in the agricultural
regions of the South, Middle West and
Pacific Coast Monday were invited by
Secretary McAdoo to come to Wash
ington to confer with the treasury de-
partment regarding the distribution
of the s5O,OOO,000 of government
funds about to be deposited IN nation
al banks of those districts to facilitate
the marketing and movement of the
crops.
This unprecedented step, which
will call to Washington bankers from
the centres that will finance the han
ding of the great crops soon to be
harvested, is designed to give the Sec
retary first hand information and ad-
vice as to the specific and relative
needs of each of the farming districts.
It has been decided to place the de-
posits in the SO cities to be repre-
sented at the conferences. Invitations
were sent by telegraph to the rresi-
dents of the clearing house associa-
tions in each of the cities asking them
to send representatives or committees
to Washington to discuss arrange
ments for depositing the big sum
The conference with the represen
tatiyes from the Southern cities will
be held at the treasury department
Thursday, August Z, with those from
the West Friday, Angus: 8, and with
those from the Pacific Coast Thursday
August IA.
These cities have been invited to
be represented: Birmingham, Mobile,
Montgomery, Ala; Little Rock, Ark; {;
Los Angeles, San Francisco. Cal; Den
yer, COL; Tampa, Jacksonville, Fla;
Atlanta, Savannah, Ca; Chicago
Evansville, Fort Wayne, Indianapolis
Ind; Des Moines, Sioux City, Iowa;
Kansas City, Wichita, Kan; Louis
vile, Ky; New Orleans, La; Balti-
more, Md; Vicksburg, Meridian
Miss; St. Louis, Kansas City, Mo-;
Minneapolis, St. Paul, Mimi; Detroit
Mich; Charlotte, Wilmington, Raj
eigh, N. c.; Omaha, Neb.; Oklahoma
City, Muskogee, Okla; Portland, Ore
Cincinnati, Cleveland, Columbus
Ohio; Charleston, Columbia, Spartan
burg, Greenville, S. c.; Chattanooga
Knoxville, Memphis, Nashville, Tenn
Dallas, Galveston, Houston, San An
tonic, Texas; Richmond, Norfolk
| Roanoke, Lynchburg, Va; Wheeling
| W. Va; Seattle, Spokane, Wash; Mil
wauke, Wis.
Secretary McAdoo announced that
it was not practicable to increase the
number of cities and that he believed
those selected were thoroughly rep
resentative Of the agricultural sec.
tions.
Treasury officials declared the en-
tire $50, 100000 will be deposited II
the situation demands it. II was ex'
planned that care will be taken tc
prevent any undue initiation OF the
circulating volume of money and thai
the government would deposit only
what was needed to assist in moving
the crops, with the stipulation that ii
must be returned to the treasury as
soon as that need shall have passed
At the conference with the bankers
Secretary McAdoo will discuss the
amount needed and the dates to be
named for the gradual return OF the
money to the government.
The treasury department expects te
begin making the deposits before the
close Of August and gradually to feee
the money into the selected centre:
as the demand grows through the
crop moving period.