The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1913-09-05
U. S. AIDS FARMERS.

crop. 1909
About fifty million dollars have been
sent out and the following are the
amounts allotted to states, and the
cities designated as repositories:
Colorado, 81 100000; Denver, -
California, $3,QO0,OOO; LosAngeles and
San Francisco.
Illinois, $4,0OO,OOO Chicago.
Indiana, s1,O5O,OOO Evansville, Fl
Wayne and indianapolis.
Iowa, s1,OOO,OOO; Des Moines and
Sioux City. 80
Kansas, s55O,OQ0; Kansas City and
Wichita. ~ ,%-,s
Minnesota, s2OOOOOO; Minneapolis,
st. Paul and Duluth.
Missouri, $5,OoO,OOO; Kansas City and
st. Louis.
Nebraska, s1,3OO,OOO; Omaha. and
Lincoln. ........ 49,.
Oklahoma, $3.50; Muskogee and Okla.
homa City.
Ohio, $2,1O9,0OO CINCINNATI, Cleve.
land and Columbus.
Oregon, $500, 900; Portland.
Washington, s1,15OOOO Seattle and
Spokane.
Wisconsin, S1,OOO,OOO, Milwaukee.
| Following are amounts. allotted to
southern states and cities designated
as Repositories:
/ Alabama, $l,5OO,OOO, Birmingham, and
Montgomery.
Arkansas, 100000; Little Rock. =.
Florida, 81, 1901 600; Jacksonville, Pen
sacola and Tampa.
| Georgia, s1,7Oo,OOO; Atlanta, Savannah
Augusta and Macon.
Aentucky, $1,650,000; Lexington, ant
Louisville.
Louisiana, s2,6O0,OOo, New Orleans
and Shreveport.
Maryland, $2.8OOOO; Baltimore.
Mississippi, 100000; Jackson, Me
ridian,. Vicksburg,
North Carolina, $1,S00,000; Charlotte
Greensboro, Wilmington and Raleigh
South Carolina, $1,3OO,00O; Charles
ton, Columbia, Greenville and Spartan
burg.
Tennessee, $1,5oO,OOO. Chattanooga
Knoxville, Memphis, Nashville. y
Texas, S2.5OO,0OO; Dallas, Fort Worth
Houston, Galveston, San Antonio.
Virginia, S1,45O,OO0; Lynchburg, MOI
] folk, Richmond and Roanoke.
District of Columbia, $50O,00O, Wash
: ington.
) The Fourth National Bank of NeV
York has issued a statement to il
customers declaring that the action
2 Secretary of the Treasury McAdo'
) placing large government deposit
2 with the banks of the South and We!
3 will benefit the money market. TIL
3 statement says:
! 1.-THE money market situation hs
. been benefited by the action of Il
, Secretary of the Treasury in offerir
J : to place free from s5O,OO0,OOO to s16
9 100000 with the depository banks. II
D distribution of these deposits will do
4 great deal of good in enabling Il
3 banks of the South and West to pr
q vide for the crop moving demands wi
8 much less difficulty than seem
g probable few weeks ago. The mon
= will be used to good advantage, as t
81 treasury has been careful to stipula
= lust what uses it should be put to
9 the effort to relieve the tension viii
o SO often develops during the harve
= ing season.
e 1.-THE operation marks a most int
20 esting departure in the acceptance
e collateral to secure the deposits. Unt
sA The new ruling the banks can put
" high grade commercial paper for
~ norton of the collateral required w
~ the understanding that it be accep
81 at 65 per cent Of its face value and Z
81 the paper thus offered be approved
q a committee of Clearing House bank
De in the various reserve centers VIII
" the distribution is made.
" .This change is most interesting,
81 while the terms OF the offer are n
x there is no doubt that high or
SS commercial paper is perfectly saft
" collateral for such deposits. Well
N lected paper of that class offers
Dc best security in the world for BAN
50 invest in and If under certain
&c ,litions it be accepted by the gov
e ment as collateral for public depo
20 the market for paper will be exter
w and the banks viii be able to purci
X Lit to a larger extent than ever bel
= - AZ / nf tho fi1pripa