Salt Lake Herald-Republican | 1913-08-27 | Page 11 | Funds Allotted to Western and Southern Banks

FUNDS ALLOTTED TO WESTERN AND SOUTHERN BANKS Treasury Treasury Ready to Make Deposits Deposits Deposits De De- De- De posits Amounting to 4 as Desired I Ii HAr AUK AUK- 26 G. Secretary WAT I w McAdoo announced today the apI ap- ap I R a as fur far a as it ft had I been completed of ot the to toI Ibe be deposited b by tho the government In hi national na- na hanks banks an of ot th tho Vest and south to I facilitate the movement and market market- Int of ot crops Th Tho total amount alI al- al I to date IB Is of ot which l t goes OC to banks In tho the fourteen fourteen four- four teen i western states and to I Ip the thIrteen southern and the 7 DI District of Columbia their The share t southern of the huan hanks funds S have haVO bo he aSked deposited that I In In August and arid September and those in inthe the tIie west want tho the monny monay apportioned to thorn curing September October and anI November The money moner will be allowed to to remain on deposit on an average average- of or four tour or 01 five rive months All of It Is to be bo returned not later then next April 1 1 and the southern bankers bonker who aro are to Ket get their mono money first will begin turning turn- turn ing Ins It back into the treasury treasur in month month- I ly r Installments in December 1 l I McAdoo ItI IX II Statement I t In a statement announcing the ap- ap Secretary McAdoo l said The funds runds are arc deposited in the thet t t banks bonks in the west welt and south at this I 1 4 r time because It Is Ig i believed that L I there is a special demand for tho tha I b money mone to assist in marketing of or the crops which are aro now being being- harvested In these tholo particular sections sec sec- i j J but if It In the east and elsewhere elsewhere else else- j where It should be shown that i i IK there is I need for the temporary I f f UlC c of oC funds for fOI similar legitimate f 1 t L purposes the government go will be bo quite as ready to extend similar fl I aid Id t. t 4 In each depositary city the government govern govern- m ment nt has chosen a special Ithe tie who will serve sen in conjunction with a clearing house committee of the fhe fl e to pass pas on all aU commercial paper I recommended as security for tor deposits and all papers be before foro being accepted must bo be unanimously I recommended by t f this committee fr t Following arc the amounts amount allotted J to each of the western estern states the cities designated as depositaries and a partial par- par list of or the governments government's 7 V Colorado Colorado Denver Dener Richard H H. r. r Malone t- t California Los Angeles and San Francisco L I. r Chicago J J. V. V Farwel Far ell I. I r r Indiana Indiana Evansville E J J. J W W. Boehne Fort Wayne ane William R. R Br n Indianapolis William I. I L. L Elder iowa Des Moines Sioux 1 C City U- U Martin J Wade ade J Kansas Kansas Kans Kansas s City and l Minnesota Minnesota Minneapolis P. I M. M r. r St. St Paul PaulO A. A M. M Peabody and ind Duluth Pl Fise c Million for i t Missouri Kan Kansas ls CIt City and St St. Loul Louis E E. C C. Simmons I T r T Nebraska Nebraska Omaha and Lincoln A. A S S. Tibbetts Oklahoma Oklahoma Muskogee Franci Francis Francis Fran Fran- ci cis B. B FIte File Oklahoma City Hubert L. L Bolen Boien Ohio Ohio Cincinnati Franklin Alter Iter Cleveland Cleeland E. E H. H Baker Columbus Colum- Colum bus Butler Sheldon Oregon Oregon Portland Henry T Teal aJi aJ I i Washington Seattle I kane cane ane Daniel M. M I. I Drumheller Wisconsin Milwaukee I j