Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-12
MORE CITIES |NDORSE
ALLAN IA FOR BAN

Elberton, Newman, Carrollton ant
Stockbridge had stepped int.
line Saturday afternoon to sup
port Atlanta for the regional baul
OF the Southeastern district added to
the long and rapidly growing list OF
cities that have put themselves or
record as believing in, and working
for Atlanta as the head Of that finan-
cial district under the new Fedora
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
mttee be respectfully requested
to select Atlanta, Ga, as one of
the sites for a Federal reserve
bank. as this city Is centrally To-
Gated and viii conveniently serve
large territory of the Southern
States
Atlanta Is the terminal of sew
eral of our largest railroads, and
on account of its transportation
facilities 1t is the commercial and
banking center of an extensive
territory, embracing Georgia and
parts OF all adjoining states,
We feel that Its bank clearings,
pOstofiice receipts and CONNER
cial Importance entitle 1t to the
location Of one of the Federal
reserve banks.
CarroIlton, 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
nancial center OF this section, it is
the most desirable place in the south
east for one OF the regional banks"
This resolution was adopted Sat
1lrday by the Elberton Clearing House
Association, signed by l.. M. Heard,
president, and II. +. Hunter, secre-
tary, and wired to Robert f. Maddox:
Elberton Backs Atlanta.
The following resolution was adopt
ed at q meeting to-day:
Whereas, 1t is considered that the
interest of this section would be, best
gional bank in Georgia, and Atlanta
being the logical location, therefore
BE II resolved, That the Elberton
Clearing House Association strongly
4 ecommends the location of re-
Rional reserve bank at Atlanta, and
urges the matter before the Reserve
Bank Organization Committee"
Following is the resolution en-
which was based the telegram re-
Ceived 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.
thorough and impartial con-
sideration of the subject drives
us to the conclusion that Atlanta
is the logical location, and as such
will be 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 p Blinn, Jr..
president of the Massachusetts Bank
ers' Association, that the bank
ers of that State believed firmly that
the Southeastern States should con-
stitute reserve district and that
Atlanta should be the regional bank
ing city.
Robert f. Maddox, of the commit
tee in Atlanta, said that the Boston
announcement was one OF the most
favorable things that could have hap
pened at this stage of the campaign.
Eastern Support Apprec
The fact that both New York and
Boston, between whom there Is nat
urany a brisk war for supremacy in
the East, should agree that Atlanta
ought to have a bank Is a most con-
vincing testimonial to the justice OF
Atlanta's claims" Mr. Maddox said.
In fact, II Is with some surprise as
well as a great deal OF encourage
ment that the Atlanta bankers see
the warm interest taken in Atlanta
as one of the prospective regional
banking points in two great cities OF
la 10 81 n.L..-h .1.i..L. .....LL