The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1913-08-06
CROP MOVEMENT
TO BE DISCUSSED
MCAdOO Calls on Bankers
for Conference.
FOUR ARE INVITED
FROM THIS STATE

ence of Fifty Nine Bankers 10 BE
Held Some Time In August To Dis
cuss Distribution of $4,000 900.
Washington, Aug 4-Representa
tive bankers of 80 large cities i'm the
agricultural regions of the South. Mid
die West and Pacific coast today were
invited by Secretary McAdoo to come
10 washington to confer with the
treasury department regarding the dis
tribution of the $4,000 10000 of gov.
ernment funds about to be deposited
in national banks of those districts to
facilitate the marketing and move
ment of the crops
This unprecedented step, which will
call to Washington bankers from the
centres that will finance the handling
of the great crops soon to be liar
vested, is designed to give the secre-
tary first hand information and adj
vice as to the specific and relative
needs of each of the farming districts.
1t has been decided to place the de-
posts in the SO cities to be repre-
sented at the conference. Invitations
were sent by telegraph to the presi-
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.
SOutherners Gene First.
The conference with the represen-
tatives from the Southern cities will
be held at the treasury department
Thursday August z, with those from
the West Friday, August S, and with
those from the Pacific Thursday,
August IA.
These cities have been invited to
he represented: Birmingham, Mobile
Montgomery. Ala; Little Rock Ark;
Los Angeles, San Francisco, CAL; Den
yer. Col; Tampa, Jacksonville, Fla;
Atlanta, Savannah, Ga. Chicago,
Evansville. Fort Wayne, Indianapolis,
Ind; Des Moines, Siouy City, Iowa;
Kansas City, Wichita, Kan; Louis
vile. Ky; New 0fleans. La; Balti-
more, Md; Wcksburg, Meridian,
Miss; st. Louis, Kansas City, Mo.
Minneapolis, St. Paul, Min; Detroit,
Mich; Charlotte, Wilmington, Raleigh,
N. c.; Omaha Neb.; Oklahoma City,
Muckogee, Okla; Portland Ore;
Cincinnati, Cleveland, Columbus,
Ohio; Charleston Columbia, Spartan
burg, Greenville, S. c.; Chattanooga,
Knoxville, Memphis. Mas hvillc, Tenn
Dallas, Galveston, Houston, San An
tonic, Texas; Richmond, Norfolk,
Roanoke, Lynchburg, Va; Wheeling,
w. Va Seattle. Spokane, Wash. Mil
waukee, Wis.
Can't Have More.
Secretary McAdoo announced that
ii was not practicable to increase the
number of cities and that he believed
those selected We're thoroughly rep
resentative of the agricultural sec
tons.
Treasury officials declared the entire
$50, 100000 will be deposited If the
situation demands it. 1t was ex.
planned that care will be taken to
prevent any undue imitation Of the
circulating volume Of money and that
the government would deposit only
what was reedeG to assist in moving
the crops. with tie stipulation that it
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 to
begin making the deposits before the
close of August and gradually to- feed
the money into the selected centres
rs the demand grows through the crop
moving period.
Reunion of Co. +.