Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-16
BANK MEET FOR
CITY DEPENDS
On HOTELS
National Association Secretary Is
Here to See if Atlanta Can Fur
nish Adequate Quarters.

Fred E. Farnsworth, secretary of
the American Bankers Association
for the past six years. is in Atlanta
to determine whether the city's hotels
can give adequate accommodations to
the National Bankers Convention in
the autumn of 1914.
There is no doubt that Atlanta can
do everything else handsomely in the
way of entertainment" says Mr.
Farnsworth. I'VE know all about
Southern hospitality and we know the
atlanta bankers. But Atlanta is grow
ing so rapidly that its hotels are busy
all the while. The question is, can
all other business be turned away to
take care of the 5000 or more bank
ers?
Bankers Want the Best.
You know bankers want the best
Of everything. They won't take rooms
without baths. and they positively
VIII not double up.'"
Mr.. Farnsworth is Just from Wash
3ngton, where he has been working
hard to assist the bankers in getting
what they regard as vital amend
ments to the Owen Glass currency
bill.
II do not believe the Administra-
ton currency reform plan will pass
in its present FORM" he says. 1T will
pass the House practically as it
stands. but, in my belief, It will be
amended considerably in the Senate
The temper of the Senate is shown
by the fact that while the bankers
were to have had a siX-hour hearing
before the committee, they were kept
four and a half days by the eager
questioning of the committeeman,
hich covered not only the currency
bill but all manner of subjects di-
rectly and indirectly connected with
finance.
Bill To Be Debated.
The currency bill undoubtedly will
be the leading topic of discussion at
the Boston convention which opens
October g. The currency commission
of the association will make a report,
and general debate will follow. South
ern Members of this commission are
Joseph McCord, of Atlanta, and Sol
Wexler, Of New Orleans.
The bankers objection to the plan
as outlined are fOurfold Govern
mental control governmental issue of
lark notes, the disposition of reserves
end disposition of the 2 per cent
Government bonds"
Mr.. Farnsworth sees good times
ahead.
Autumn has not developed the ex-
pected stringency of money" he says.
THE crops are moving without undue
strain. and prospects are for healthy
conditions to follow. The South in
particular seems to be in good shape"
Dinner Is Planned.
J. K. Ottley, of the Fourth National
Bank; Haynes McFadden, secretary
of the Georgia Bankers Association,
and Fred HOuser, secretary of the At
lanta Convention Bureau, met Mr..
Farnsworth at the Terminal Station
Monday morning at 11:15 o'clock Mr..
Farnsworth was taken to the Pied
mont Hotel. Monday night there will
be a dinner in his honor at the Ansley
Hotel. He remains until Tuesday aft
ernoon.
The convention bureau has secured
pledges of 1871 rooms which will be
set aside for the use of the Bankers
Convention in the Atlanta hotels. 1t
is believed this pledge will be salts
factory.
81 think the association will take
kindly to the idea of coming to At
lanta, as it did in 1895" says Mr..
Farnsworth. The only question is
one of accommodations"