Rensselaer Semi-Weekly Republican, Volume 39, Number 104, Rensselaer, Jasper County, 6 September 1907 — U. S. CASH TO AID CROP MOVING. [ARTICLE]

U. S. CASH TO AID CROP MOVING.

Secretary of the Treasury Cortelyou Will Relieve Money Market. ■Secretary of the Treasury Cortelyou, according to the New York Times, has decided again to come to the relief of the money market and distribute government funds to aid the movement of crops this year. The plan pursued last year is to be followed, with some modifications, but in general it will be that adopted by Secretary Shaw in his regime. One of the ideas in the minds of the officers of the Treasury Department is that the government should place its funds in the banks subject to withdrawal by check. It is not expected that anything like the amount needed last year will be called for this season. If it is the treasury will be in better shape to meet the call, as under an act of the last Congress customs receipts may be deposited in the banks. Under the new method the customs receipts will be used for the relief of the smaller institutions, while the larger fund will be sent to the centers of distribution. New York will, as in the past, get a large share of the amount to be released.