Evening star., 1932-08-22
S49,711,056 LOANED
BYR.F. c. IN PERIOD
FROM JULY q TO 81.
First Report Made by House
Clerk Shows Borrowers
by Cities and States.
DENIES POLITICS ENTERS
INTO PUBLICITY DECISION
Representative Treadway's Charge
Answered by Trimble-Banks
Largest Bsne6ciaries.
By the Associated Press.

BY the Associated Press.
A little less than $50,000,000 was
loaned by the Reconstruction Corpora
tion during the last 10 days of July to
banks, building and loan associations,
railroads and States.
The figures. made public today by
South Trimble, clerk of the House,
showed that 437 loans totaling s45, 5,057,-
556 had been made in the period to
banks building and loan associations
and railroads. In addition. s3,o0o,0 900
loan was made to Illinois and 81 $685. 500
of increases were made in loans pre-
viousiy authorized.
The loans were distributed as fol-
lows: Banks and trust companies, in
cluding receivers, $32 1890, ,l80; agricul-
tural credit corporations, $1O4,309;
building and loan associations, So ,088,-
$50; insurance companies, S2,247,5 500;
joint stock land banks, 100000; live
stock credit corporations $3.50, TIC;
mortgage lean companies, $747,0O0;
railroads, S6,862, 700.
Average Bank Loan Stated.
The majority of the bank loans were
under 5o,OoO. Seven banks, two rail-
roads, one mortgage loan company ana
two insurance companies received loans
OF more than half a million dollars.
At the same time the statement OF
the condition of the corporation at the
end of July was made public. rms
showed that since the corporation be-
gan functioning it had loaned $685.
O47.52287 and had authorized S223,-
882. .599.17 in loans which have not been
disbursed.
Loans to banks and trust companies
amount to $505, 129, ,665.56, to credlt
unions. s369,6S4; building and lean as
sociations, s56,867, ,230.38; insurance
companies, $4s,142,315.17; Federal land
banks, So 900 900; joint stock land
banks. sl,126,29466 live stock credit
corporations, S6,846, ,287.38; mortgage
loan companies, 2,80I, ,S96.33; agri-
cultural credit corporations, S6S1, ,552 .63,
and railroads, including receivers, sl64,-
O82, ,59676 These leans are less repay
ments.
Some Loans Not Disbursed.
Loans authorized but not yet dis
bursed include $ll8,68l ,8l086 to pank
and trust companies, S3l ,648 10 creoli
unions. S9.816,52872 to building and
loan association, S16,187, ,611.68 to in
surance companies, $17,000,000 to Fed
eral land banks, $269, 1908 to joint
stock land banks, s435, 1918 to live
stock credit corporations, S5,306 ,343 81
to mortgage loan companies, S78,752O3
to Agriculture Credit Corporation and
S57,075, ,532.50 to railroads.
The report showed that $97 500 000
had been allocated to the Secretary oi
Agriculture. This goes into farm loan
fund.
Besides the capital stock of $500 ,0oo,-
900 the report showed that the boaro
had issued S475,000,0 900 in 312 per cent
notes. The corporation had $39,396,-
48l.3l on deposit with the Treasurer ci
the United States and had in custodian
banks s1,494 ,56532.
Replies to Treadway.
Trimble in making public the report
following his decision last Thursday
that he had no other choice under thE
law. took exception to a statement by
Representative Treadway Of Massachu-
setts, a conferee en- the relief bill, thai
his decision to make public the reports
was to gain favor with Speaker Johr
N Garner.
Such a charge is ridiculous" Trim
bic said. The law gives me no dis
cretion in the matter.
Speaker Garner has never attempted
to influence me in tae discharge o
nv duties. 1 have considered ever
objection raised to the publishing o
the reports and no one has cited u
me single decision of the court U
support such objections.
MY attorney, South Trimble. jr
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