The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1913-09-03
SENDS OUT MONEY
CROP FUND IS DISTRIBUTED BY
TIE TREASURY
In SOUTH and west

AlV VOO IL AAAeU u AVS
Government Agents in This State,
Major Henry Schachte in Charles
ton, Henry W. Briggs in Greenville,
August W. Smith in Spartanburg,
and VIM. H. Lyles in Columbia.
Secretary McAdoo announced Tues
day the apportionment as far as it
had been completed Of the s50,0O0,-
900 to be deposited by the govern
ment in national banks Of the West
and South to facilitate the movement
and marketing of crops. The total
amount allotted to date is s46,500,-
600, of which s21,S00.000 goes to
banks in the 13 Southern States and
the District of Columbia, and S24,-
100000 to fourteen Western States.
Southern banks asked that their
share of the funds be deposited in
August and September and those in
the West want the money apportion-
ed to them during September, Octob-
er and November. The money will
be allowed to remain on deposit on
| an average Of four or five months.
All of 1t is to be returned not later
than April and Southern bankers who
get their : ney first will begin turn
ing it bach into the treasury in
monthly installment.
In statement announcing the ap-
portiorment, Secretary McAdoo said:
"The funds are deposited in the
banks in the West and South at this
time because it is believed there is a
special demand for the money to as
sist in marketing of the crops which
are now being harvested In these par
ticular sections, but if in the east OF
elsewhere it should be shown that
there Is need for the temporary use
Of funds for similar legitimate pur-
poses the government will be quite
as ready to extend similar aid"
Many factors were taken into con-
sidera:ion In arriving at the aDpor-
tionment Of deposits in the West and
South. among these" the secretary
said, "were the immediate needs OF
the localities as reported by the COM
mittee Of clearing houses in the con-
ferences held with them In Washing
ton, the capital Of the different ma
tional banks and the character OF
business transacted by them The
amount of money which these banks
are at present time advancing to their
country bank correspondents and the
additional accommodations which
they expect to extend to these CORE
spondents; their present condition as
shown by the last comptroller's call;
their outstanding circulation and the
amount of rediscounts they may have
made in their efforts to meet the
legitimate demands upon them OF
customers and correspondents"
In each depository city the govern
ment has chosen special representa-
tive who will serve In conjunction
with the clearing house committee OF
five to pass on all commercial paper
recommended as security for deposits
and all paper before being accepted
must be recommended by this COM
mittee.
Following are the amounts allotted
to each Southern State. the cities des-
| ignated as repositories and partial
list of the governments representa-
tives:
Alabama, s1,50O,0O0; Birming.
ham, E. NJ. Tutwiller; Mobile, Albert
Bush: Montgomery, W. A. Gayle.
Arkansas, s600,000; Little Rock
W. NJ Kavanaugh.
Florida, s1,150,00O; Jacksonville;
Pensacola, J. B. Mcneil; Tampa.
Georgia, s1,700,0o0; Atlanta, W
X. Orr; Savannah, J. R. Anderson;
Augusta, William H. Barrett; Macon
William H. FELTON, Jr.
Kentucky, s1,650,0Oo; Lexington
J E. Cassidy; Louisville.
Louisiana, s2,6o0,000, New Or
leans, W. T. Hardie; Shreveport.
Maryland, s2,800.O00; Baltimore
William c. Page.
Mississippi, s6,e0O,OQ0: Jackson
W. @. Cole; Meridian, ]. H. Wright;
Vicksburg, P. NJ. Harding.
North Carolina, s1,300,000; Char
lotte, E. R. Preston; Greensboro, R
r. King; Wilmington, Hugh McRae;
Raleigh, Charles E. Johnson.
South Carolina, s1,500,00O; Char,
lesion, Maj. Henry Schachte; Colum'
bia, William H. Lyles; GreenVille
Henry W Briggs; spartanburg, Au'
gust ". Smith.
Tennessee, s1,95O,o0o; Chatta'
nooga, W. F. Kalb; Knoxville, Sam
uel B. Lutterell; Memphis, Samuel P
Read; Nashville, Joseph H. Thomp-
son.
Texas, s2,5OO,oOO; Dallas, Alexan:
ler Sanger; Fort Worth; Houston;
Galveston, I. H. Kempner; San An
tonic.
Virginia, s1,45o,00O; Lynchburg
A. S. White; Norfolk, Walter H. Tay-
lor; Richmond, E. L. Bemiss; Roam
oke.
District Of Columbia, $500,0OO;
Washington, ]. Selwin Tate.
Bridge Built in Twelve Days.
One of the most important bridges
! near New York city was rebuilt, after