Show WILL ADVANCE CASH CASHON CASHON CASHON ON COTTON RECEIPTS W WASHINGTON Jul July 15 Federal 15 Federal reserve banks In tho the cotton producing sections already have hn authority to ad advance advance ad ad- vance or more If It necessary necessary sar sary upon customary paper secured L by warehouse se for tor cotton Governor Governor Governor Gov Gov- V. V W. W P P. P G. G Harding Harding- of ot the federal feder feder- al reserve board today wrote Representative Representative c Fulmer o of South Carolina The Tho directors In each case caso however howe must be the tho sole Judges of oC the soundness soundness sound sound- ness and desirability o of the tho paper paper offered of- of ter d he added Mr r. r F imer had In Inquired or l wh why such loans could not be authorized through Sou Southern thorn banks |