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Texas bankers backplan to market distress cotton at six percent
Fort Worth July 13 President B B Cain of the Commercial Secretaries and Business Men's association reports strong banker support for lending on distress cotton at 6 percent. Large Texas banks signaled willingness to finance the plan, with many cotton districts agreeing to cooperate. Cain cites a $40 million target to handle the distress cotton and notes farmers profit if they own the crop under the plan.
MENTIONED IN THIS ARTICLE
Fort Worth
Tex
B. B. Cain
Commercial Secretaries’ and Business Men’‘s Association
Texas
Farmers’ Union
Cain
Mers’ Union
D. E. Waggoner
Guaranty State Bank of Dallas
I. H. Kempner
Texas Bank and Trust Company of
Galveston
San Antonian
George W. Brackenridge
San Antonio
J. T. Scott
First National Bank of Houston
Scott
James Garrity
Corsicana
First National Bank
T. A. Phillips
Bowie
Cc. O. McCauley
First State Bank of Childress
Franz Groos
Groos National Bank of
W. D. Lacy
Citizens’ National Bank of
Waco
Lacy
G. L. Blackford
State National Bank of
Denison
Alba Heywood
San Benito
Heywood
Royal A. Ferris
American Exchange National Bank
Dallas
R. EB
Broo
Houston
J. A. Thompson
Corsicana National Bank
W. D. Fant
Weatherford
J. L. Cunningham