Cotton loan fund discussed at Federal Reserve conference
Discussions at a Federal Reserve conference highlighted the need for cotton producers to access rediscount facilities through member banks. Governor Wellborn urged banks in cotton states to offer lending to producers with Federal Reserve support. Meyer of the War Finance Corporation reviewed cotton financing, while Governor Strong noted NY banks might back a cotton loan fund if needed.
MENTIONED IN THIS ARTICLE
Richlone
Daf- Man
Gevyen
Federal Reserve’ System
Federal Reserve Banks
Federal Reserve Board
Wellborn
Meyer
War Finance Corporation
Governor Strong
Federal Reserve Bank of New York
New York
Federal Reserve Bank
New York City
Federal Reserve
Congress Urged to Probe Board Enlarging Action
Governor Harding criticizes a proposal by Senator Kenyon to enlarge the board by adding an agriculture representative. He calls it unwise, subversive, and class legislation, questioning where it would stop. The discussion centers on duties and expansions prior to committee hearings.
MENTIONED IN THIS ARTICLE
Kenyon
Iowa
Agriculture
Harding
Harding Defends Board Over Cotton Loans Amid Taxing Criticism
Governor Harding argues the board aided agricultural interests despite accusations of coercion and cotton sales. He cites Atlanta district loan increases from 608000 to 5412000 by mid 1920 as cotton sold around 40 cents a pound, while loans climbed to 10927000 in July and peaked near 17 million later that year. Senator Watson seeks to remove board members, accusing the board of unlawful money contraction and harming Americans.
MENTIONED IN THIS ARTICLE
Harding
Baston
New York
Chicago
Atlanta
Critiagm
Glass
Watson
Barré
Georgia
Morgan, Steel, Packers
Peneter Watson
Financing Cotton Advances Raise Wool of Trade
Advances by Sappeur and allies total tens of thousands of bales, with commitments to finance 20 000 to 360 000 bales across several transactions. Loans mature within the cotton year to support orderly marketing and curb speculative holdings. The federal reserve is weighing policy and may convene to discuss financing options, including War Finance Corporation and regional funds to bolster retailer, wholesale, and mill stock turnover.
MENTIONED IN THIS ARTICLE
San & Algo
Federal Serve Board
Million Dollar Cotton Credit Arranged With Berlin Bank
The American Products Export and Import corporation of Charleston and the Darmstader bank of Berlin arranged the first million dollar American cotton export credit. The Berlin bank guarantees repayment based on three six month credits on the dollar basis.
MENTIONED IN THIS ARTICLE
Berlin
Associated Press
American Products Export and Import Corporation
Charleston
Darmstader Bank of Berlin
Fulton lawmaker presses charter board reform in city government
Holloway backs council control of city departments over charter boards while opposing mayoral appointment of new councilmanic boards. Bill to abolish boards introduced by Rep Wirlyn B. Moore, with a substitute increasing local tax to 150 and mayor borrowing power to 1 million. Senate fate to follow. abolition movement in flux amid legislative changes.
MENTIONED IN THIS ARTICLE
Cll
Council
Holloway
General Council
Moore
Wirlyn B. Moore
Fulton
Free Text Books For The Children In State Policy
A historic debate outlines granting women jury duty rights, with Mrs. Emily McDougald of Atlanta backing the measure as broadly endorsed by women’s clubs. The committee favors local option on county matters to ease legislature workload, and a new Piedmont circuit of superior courts is proposed, shifting Banks to Walton county. Streetcar segregation proposals were tabled after opposition from rail interests and Preston Arkwright warned of rising costs risking company viability.
MENTIONED IN THIS ARTICLE
Ellis
Blug
Johns
Twenty Seventh
Piedmont Circuit
Gwinnett
Barrow
Jackson
Walton
Athena
Banks County
Kol
Golucke
Preston Arkwright
Georgia Railway and Power Company
Dusiness
Georgia firm receives 500000 loan for cotton shipments
Mr Meyer states a Georgia firm will secure a $500,000 loan tied to cotton handling. He notes several spot dealers and exporters concur. The War Finance Corporation has agreed to advance funds to finance 100000 bales of long staple cotton in the program.
MENTIONED IN THIS ARTICLE
Georgia
Meyer
War Finance Corporation
Highway Department Fight Ends As Davis Bill Debate Continues
Lawmakers clash over how to allocate auto license funds with Davis proposing four percent to collection and the rest divided by county post road mileage after expenses. Supporters of the highway commission press for continued control, while others cite expanded authority for road construction oversight. A separate note from Calhoun, Georgia reports a two week revival at First Baptist, led by local speakers and ending as a major town event.
MENTIONED IN THIS ARTICLE
Highway Department
Automobile Tax Fund
Davis
McMichael
Lankford
Toombs
Bowden
Carnwell
Arnold
Rutherford
Calhoun
First Baptist
McD. Weams
E. Dillard
Charles S. Henderson
Atlanta
Daniels Scored for Probe Plans In Naval Scandal Report
Washington reports reveal former Secretary Daniels and ex Assistant Secretary Roosevelt denounced for methods in investigating the Newport training station war time scandal. The majority committee finds navy enlisteds used in immoral acts to secure evidence for dismissals, while Roosevelt defends lack of hearing and waits for minority report.
MENTIONED IN THIS ARTICLE
Washington
Daniels
Roosevalt
Navy
Newport
Senate
R. L
Providence Journal
Journal
Roosevelt
Ball
Delaware
Keys
New Hampshire
King
Utah
Franklin D. Roosevelt
Also Mentioned on This Page
Columbia Records
Wyoming
Madeline
Yingus
Agsonebair
Reardon
Mellor
Lizzie Mary Stafford
Mary Stafford
Dance Records
Fox
Ted Lewis
Cherie
Metropolitan Dance
Hickman
Art Hickman
Waters of
Killarney
Prince's Dance Orchestra
The
Happy
Dana
Dwarter Marble Halls
Charles Hackett
Lucy Gates
Emey Gates
Rosa Ponselle
Ams
Hawaii
Har
Riccardo Strocciari
Duci de Kerekjar
Welch
Desias
United States
Columbia Desler
Columbia
Columbia Graphophone Company
Paverty “£Urniture Co
Auburn Avenue
Congress
Acta
J. BH. Conay
Ekeeley
Woodward Ave
Tanta Ga
Smoke Stachelberg
A&p
Pillsbury
Whitehall Street
Daniels Scored
Eiseman
Keer
Carey
Carey Board
R. O. Campbell Coal Company
Georgia Distributors
Carey Products
Marietta Street
Atlanta, Georgia
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