The weekly tribune and the Cape County herald. (Cape Girardeau, Mo.) 1914-1918, 1914-12-18
E. ]. DEAL Gets
INSTRUCTIONSON
BIG COTTON POOL
Cape Banker Explains Huge
Task of Financing The
Southern States
Committeeman SERVE
BUT WITHOUT SALARY.
Fund of 100000 90 Will Be
Used to Relieve Depression
in Cotton District

Mr.. e. J. Deal, President of tn
Southeast Missouri Trust Co., of thi
city, who was recently appointed
member of the Cotton Pool Commit
tee, yesterday received the following
communication from w. P. Holl!
Secretary of the Cotton Loan Com
mittee:
E. ]. Deal, ESQ,
Southeast Missouri Trust Co.,
Cape Girardeau, Mo.
Dear Sir:
AS you are undoubtedly aware,
the Plan for the Cotton Lean
Fund contemplates the selection by
the State Committees Of Local
Committees in their respective
States, the number of and the To-
calities to be served by which are
to be determined by the State
Committees. The functions of the
Local Committees will be to OBJ
tain information with respect to
each applicant for loan, the Sc
curity offered, including the char
acter of the warehouse in which
the cotton may be stored, the suf-
ficiency of the insurance policies
and a variety of other details,
which can be more readily ascer-
tanned by those in touch with 4
particular locality than by the
State Committee. No particular
number of members for Local
Committees has been prescribed.
as it was considered that the State
Committees would probably wish
to vary the number in accordance
with the probable amount of bust
ness to be transacted in The re-
spective localities. Please have in
mind, however, that the members
of all Committees must be ap-
proved by the Central Committee
in Washington.
AS the selection of Loca! Com
mittees is most important func-
ton of the State Committees, and
one which will, no doubt. receive
their careful consideration, we
send you this preliminary COM
munication in order to be as fore
handed as possible in arranging
for the administration Of the
Fund, and request that the State
Committees will at once take up
the appointment of the Local
Committees.
The Cotton Loan Committee is
working out as rapidly as possible
all of the details considered es-
sential IN connection with the
practical administration of the
Fund, which include the formal
delegation of authority 20 the
State Committees, who will, in
turn, when they have sufficiently
considered their particular prob
lens, delegate authority to the
oooI To,,,,,,it+ooc A. coc,, &c
these details have been completed
we will send you the formal dele
CATION of authority by this Com
mittee and hope at the same time
to send you instructions in detail
with respect to the approval au-
Identification, etc, of applications
for loans. Meantime, for your
general guidance, We are cnclos-
ing a COPY of the completed Plan.
Since it is considered that it
will be advisable to arrange so
that two or three members of
State Committees may approve
applications for loans, it will be
advisable for US to have on file
the signature of each member of
each State Committee; and in or
der that this point may be cover
ed at the outset, we are enclosing
herewith d card for your sigma
ture, which we shall be obliged if
you will sign and return at your
earliest convenience.
In order that all may be advis-
ed, we are sending copy of this
letter to each member of each
State Committee.
Very truly yours,
w. P. Holly,
Sec'y Cotton Loan Committee.