Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-08-05
MOVEMENTS Of CROPS
TOPIC OF DISCUSSION
Secretary McAdoo Invites Rep
resentatives of Southern
Communities to Conference.

To confer with the Treasury Depart
ment regarding the proposed distribu-
ton of the $5O,OO0.000 of government
funds to be deposited in national
banks Of the south, middle west and
Pacific coast for facilitation OF the
marketing and movement of crops,
Secretary McAdoo of the Treasury De-
partment has invited to Washington
representatives of fifty-nine large
cities in the agricultural regions Of
these sections.
| This unprecedented step, which will
call to Washington bankers from the
| centers that will finance the handling
| of the great crops soon to be harvested
| is designed to give the Secretary first
| hand information and advice as to the
| specific and relative needs of each of
| the farming districts. 1t has been ten
| tatively decided to place the deposits
| in the fifty-nine cities to be represented
at the conferences.
Invitations by Telegraph.
Invitations were sent by telegraph to
| the presidents Of the clearing house asso-
| Citations in each OF the cities asking them
to send representatives or committees to
Washington to discuss arrangements for
depositing the big sum. The conference
with the representatives from the south
| ern cities will be held at the Treasury
Department Thursday. August z, with
| those from the west Friday August 8,
and with those from the Pacific coast
| Thursday. August IA.
| These cities have been invited to be
represented:
Birmingham, Mobile, Montgomery, Ala J;
Little Rock, Ark; Los Angeles, San Fran
| cisco, Cal: Denver, Col: Tampa, Jack
sonville, Fla; Atlanta. Savannah. Ga. :;
Chicago. ILL.,: Evansville. Fort Wayne,
indianapolis Ind; Des Moines. Sioux
City. Iowa: Kansas City Wichita. Kan;
| Louisville. Ky: New Orleans. La; Balti-
more, Md: Nicksourg Meridian, Miss:
ct. Louis, Kansas City. Mo-; Minneapolis.
st. Paul. Mimi: Detroit, Mich; Charlotte,
| Wilmington, Raleigh, n. c.: Omaha, Neb.:
Oklahoma City. Muskogee. Okla: Port
land, Ore: Cincinnati, Cleveland. Column
bus, Ohio; Charleston Columbia. Spar
| tanburg, Greenville s. c.: Chattanooga,
Knoxville, Memphis, Nashville, Tenn;
Tex. Richmond, Norfolk, Roanoke.
| Lyncnburg, Va: Wheeling, W. Va;
| Seattle, Spokane, Wash, and Milwaukee.
Wis.
was not practicable to increase the num-
Der OF cities. and that he believed those
selected were thoroughly representative
Of the agricultural sections.
Deposit of $50, OO0, 900, if Needed.
Treasury officials declared that the en-
tire $50.000,000 which has been offered
will be deposited if the situation de-
mands 1t. 1t was explained that care
would be taken to prevent any undue
imitation of the circulating volume of
money, and that the government would
deposit only what was needed to as
sist in moving the crops, with the stip-
ulation 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 dis
cuss the amount needed and the dates
to be named for it's gradual return 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 centers as
the demands grow through the crop
moving period.