Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-20
By WILLIAM HOSTER.


Five hundred banks, representing
imously approved a resolution pro-
posed by H. I. Howell, of Macon, in
Gorsing Atlanta's claims to one of the
regional banks to be established un-
der the new currency system
This action was taken at lunch
con rendered the bankers of Georgia
nv the Clearing House Association of
Atlanta at the Capital City Club. The
resolution was adopted with a shout
A good day was selected by the
bankers for thus sending out word to
the nation that Georgia is standing
Solilly behind Atlanta. 1t was the
birthday of Robert E. Lee, and while
ali Georgia celebrated outside, the
bankers put the seal OF their approval
upon Atlanta's claims.
Starts Fight Of Right.
This unanimity of sentiment ena-
hles Atlanta now to face the Federal
Reserve Committee with confidence
i'm the outcome, when they reach here
next month, 10 listen in detail to At
lanta's claims 1t starts the fight off
right The rest of the country should
know that Atlanta is enthusiastically
indicating that opinion of her which
has been voiced by financial experts
in New York, Boston, Washington
and Philadelphia in their expression
of view that, wherever else a region
al bank is placed, one should be To-
Gated here.
There being 500 bankers in at
tendance at the conference and lunch
con. there were 500 good reasons why
Atlanta should be selected in this in
stance. All of these reasons are to
he laid before the Secretary of the
Treasury and his colleagues when
they come here in February 1t may
not be amiss to recite some of them
now in the Hearst newspapers, which
have been requested by the citizens of
Atlanta TO assist in having a regional
bank established here.
There was general commentator
among the bankers to-day of the
manner in which Mr.. Hearst has
thrown open the use of his publica-
tiOns for Atlanta and her cause.
Cooper Cites Advantages.
W. S. Cooper, secretary of the At
lanta Chamber of Commerce, gave
formal expression to these views in a
statement which he made to the staff
correspondents of the Hearst news
papers outlining Atlanta's claims.
Said he;
"The people of Atlanta appreciate
the good offices of Mr.. Hearst in Civ
ing publicity throughout the country
tC the facts which will cause the or
san!zation committee to locate a re-
slonal bank here, and | take pleas
ure in outlining briefly some of these
facts
Atlanta is the center of all the
great interests of the Southeast-ag-
20, lie
trade, finance, insurance, telephones,
telegraphs, express, etc
The new banking and currency
system is intended to place money
and credit promptly at the disposal
OF every legitimate business, when it
is needed, and the issue of treasury
notes will be largely predicated on
the products and the trade of the re-
glon in which they originate. Their
security and prompt payment will de-
pend on the productive power and
accumulated capital of that territory.
Great 12Hour Hub.
More of the elements can be
reached within twelve hours from At
lanta than from any other city be-
tween the Ohio, Potomac and the
Mississippi rivers.
The antural territory of Atlanta
includes the Carolinas. Georgia, Flor
ida Alabama, Mississippi and Ten
nessee. This is a well balanced ter
ritory with all the elements of civil
ration If a Chinese wall were built
around it, it would be self-sustain
ing country, with more varied in
dustries and interests than any area
n the United States.
In this territory more than half
the cotton crop and one billion dol
lars worth of factory products origi-
nate. 1t includes practically all the
cotton mills and iron industries of
the South, with a large proportion of