Imperial Valley press., 1914-08-18

B. r. Brundage, president of the
Security bank, is making an effort
to secure from the government a spe-
cial fiscal agent for the valley to ad-
vance money on the cotton grown
here.
The cotton people of the South
have taken up with the federal gov
ernment the matter of making ad-
vances to the cotton growers from
government funds, and this will ap-
rarently be carried through, but I'M
rerial valley is outside of the zone
covered by the federal reserve banks
of the South and cannot get aid
through them.
The Pacific coast bank will not be
in operation soon enough to be of as
sistance to the cotton industry here,
and when it is in operation it will
not be in the control of men famil-
lar with the cotton industry.
Mr.. Brundake took the matter up
with Stoddard Jess of the First Ma
tional Bank of Los Angeles, and it
was decided the best procedure would
be to ask the federal government to
appoint fiscal agent to make ad-
vances in this valley direct, and Mr.
Brundage has now taken this pro-
rosal up with Congressman Kettner,
the two senators from Oklahoma, with
whom he is well acquainted, and with
ether congressman of his acquain-
tance. He believes there is good
prospect for the government carrying
cut this plan and thus putting this
valley in line with the Old South in
receiving government aid.
The government has sent out the
following circular setting forth its
plans:
Washington, Aug. 1S.-An appeal
to all cotton growers Of the South:
"Your senator's and representatives,
alive to the situation and its vital inn
portance arising out of the European
war, and especially as it affects your
cotton crop, met few days ago and
organized for the purpose of co-oper-
ative and continued action in yo1r
interests.
"a number of committees were ap-
pointed to study various details of the
problems confronting us. The under
signed were appointed as an execu-
tive committee in connection with this
work and We're also charged with com
municating with you through the
press. In the discharge of this duty
we leg to submit the following
views:
owe recognize the fact that cotton
is the money crop of the southern peo-
pie and any situation which vitallv
affects its values must be felt by all
lines of commercial and Industrial
activities.
"While the condition of war in Eu-
rope gives rise to situation which
is serious, we believe that it can be
greatly overcome if all agencies, na-
tional, state and local, promptly and
vigorously respond to their respective
duties.
"Your president, the several execu-
tive branches of the government and
your senator's and representatives are
exerting every effort to devise means
by which the cotton crop may be mar
keted at a price warranted by nor
NAL law of supply and demand, and
not by condition caused by the Eu-
Iopean war.
'"Tho important problems involved
in this situation are:
"First-Transportation 1t is essen
tial that lint cotton and cotton manu-
factured goods should reach foreign
markets where they are consumed.
We are confident congress will pass
within few days an amendment to
our shipping laws which will greatly
facilitate transportation. We have
no doubt transportation facilities will
be available for cotton and cotton
manufactured goods within a very
short time.
"Second-Consumption of cotton
The European war must necessarily
reduce temporarily the demand for