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

Elberton. Newman, Carrollton anc
Stockbridge had stepped I'M.
line Saturday afternoon TO sup
port Atlanta for the regional banE
of the Southeastern district, added tC
the long and rapidly growing list OF
cities that have put themselves or
record as believing in, ana WORKING
for. Atlanta as the head of that finan-
clal district under the new Fedora
reserve law.
The Newman Clearing House seni
in its formal declaration, promised
earlier. pledgirg 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, Ca. as one Of
the sites for a Federal reserve
hank, as this city is centrally 10
Gated and viii conveniently serve
4 large territory of the Southern
States
Atlanta is the terminal of sew
erai of our largest railroads, and
on account of its transportation
facilities II Is the commercial and
banking center of an extensive
territory. embracing Georgia and
parts OF all adjoining States.
We feel that its bank clearings,
postoffice receipts and CONNER
cial importance entitle it to the
location Of one OF the Federal
reserve banks,
csrrolltSn. Too.
The Carrollton Clearing House
sent this brief message. much to the
point: signed by Grady Cole, chair
man:
The Carrolton Clearing House
unanimously indorses Atlanta as the
site for the regional bank in the
South"
from Stockbridge:
is the geographical and the logical
nsncial 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
urday by the Eiberton Clearing House
Association, signed by l.. NJ. Heard,
president. and II. T. Hunter, secre-
tary, and wired to Robert F Maddox:
EIberton Backs Atlanta
The following resolution was adopt
I'd 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-
slonal bank in Georgia, and Atlanta
being the logical location, therefore
BE it resolved. That the Elberton
Tearing House Association strongly
ecommends the location of a re-
sional reserve bank at Atlanta, and
urges the matter before the Reserve
Bank Organization Committee"
Following is the resolution on
= iiicii vas based the telegram re-
elyed 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-
siderat ton Of the subject drives
us TO The conclusion that Atlanta
is the logical location, and as such
will ne most convenient TO the
argest number OF bankers and
business men. as well as the
public generally.
Rush to Back Atlanta.
The Regional Bank Committee
MANY signs of encoura cement
If Georgia cities to back Atlanta in
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
erF Association, that the bank
ers Of that state believed firmly that
the Southeastern States should CON
stitute reserve district and that
Atlanta should oe 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 Appreciated.
The fact that both New York and
Boston. between whom there is nat
urally a brisk war foe supremacy in
be East, should agree that Atlanta
ought TO have bank Is a most con
NiOCipp Testimonial IN thp I'm StjSa nj