Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-10

cities that have put themselves on
record as believing in, and working
for. Atlanta as the mead OF that fnau-
cial district under the new Federal
reserve law.
The Newman Clearing House sent
In its formal declaration, promised
earlier, pledging the support of the
banks composing that body-the First
National. the Coweta National, the
Manufacturers National and the
Newman Banking Company.
Serves Large Territory.
The resolution reads:
Resolved by the Newman Clear
ing House Association, That the
Reserve Bank Organization Com
mittee be respectfully requested
TO select Atlanta Ga, as one of
the sites for Federal reserve
bank. as this city is centrally 10
Gated ana will conveniently serve
large territory Of the Southern
States
Atlanta Is the terminal of sew
eral of our largest railroads, and
on account of it's transportation
facilities ii is the commercial and
banking center of an extensive
territory, embracing Georgia and
parts OF all adjoining States
We feel that It's bank Clearings,
postoffice receipts and CONNER
rial Importance entitle it to the
location of one of the Federal
reserve banks
Carrollton, Too.
The Carrollton Clearing House
sent this brief message, much TO the
point; signed by Grady Cole, chair
man:
The Carrollton Clearing House
unanimously indorses Atlanta as the
site for the regional bank in the
South"
c. NJ. Power sends this message
from StoCkbridge
in view of the fact that Atlanta
is the geographical and the logical
nanciai center OF this section, IL is
the most desirable place in the south
east for one of the regional banks
This resolution was adopted Sat
urday by the Eiberton Clearing House
Association. signed by l.. NJ. Heard.
president, and II. +. Hunter. seCre-
tary, and wired to Robert +. Maddox:
Elberton Backs Atlanta.
The following resolution was adopt
ed at a meeting to-day:
Whereas. 1t is considered that the
interest of this section would be best
served by the establishment of "A re-
gional bank in Georgia, and Atlanta
being the logical location, therefore
BE ii resolved, That the Elberton
Clearing House Association strongly
recommends the location of a re-
gional reserve bank at Atlanta, and
Bank Organiza ton Committee"
Following is the resolution on
which was based the telegram re-
oeived from the Columbus Board of
Trade Friday:
Resolved, That we indorse the
application of the bankers and
business men OF Atlanta for the
location there Of one OF the Fed
eral regional banks.
A thorough and impartial con-
sideration of the subject drives
us to the conclusion that Atlanta
Is the logical location, and as such
will oe most convenient to the
largest number of bankers and
business men. as well as the
public generally
Rush to Back Atlanta.
The Regional Bank Committee
resumed its work Saturday with
many signs of encouragement
over recent developments. The rush
OF Georgia cities to back Atlanta in
the coming contest was one great
feature.
Another was that the meeting Of
the reserve bank organization com
mittee in Boston the day before had
been assured by Charles Blinn, Jr.,
president of the assachusetts Bank
ers Association, that the bank
srs OF that State believed firmly that