Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-29
ERA
AHEAD, SAYS
BANKER
McCord, "Sunshine" Recruit
Praises Currency Law and
Predicts Good Times.

Uniting himself with the Atlanta
sunshine Club, Joseph A. McCord, of
the Third National Bank, processes 10
be a member who believes not only
in plenty of sunshine, but also in
the reasonable conservation of it,
Things look so good here in At
lapta and all over Georgia" Mr. Nc
cord said, that I'm afraid there is a
little temptation to plunge, as it were.
For example, notice there is a great
demand for mules all over the State.
That indicates to almost a certainty
that bumper crop Of cotton is being
planned.
Now, if carefully carried out, and
NOT injured by unrea sonable drouth
or other climatic element, that plan
Is very fine indeed. 1t is encouraged
by the experience last year. The
wear before that a short crop of cot
ION in Georgia was pitted against a
long crop in Texas. Low prices re-
suited. and the State went $4,000, 900
in debt.
Banker Praises Currency Law.
Last year the reverse was true.
a good crop at top prices squared
nff the big debt and put Georgia in
grand shape for the coming twelve
months.
Things certainly look good. This
new currency law is sure to provide
. stable basis for all conservative
and legitimate business operations,
The man who does business wisely
sind legitimately may face the future
with all confidence.
Another good thing about the law
Is that it will by no means offer en-
coura cement to bankers to spread
themselves in a reckless extension of
,,redit The measure Is designed TO
pro+ect conservative, legitimate bust
ness, and it will do exactly that. No
wildcat banking will be encouraged.
take it all around, | see great
deal to encourage us as we race the
rest of the year 1914. Especially can
see that Southern business, anu
particularly Georgia business, Is on
sound and prosperous basis: look
forg,ard to a great year, with great
rrospects, needing onlv wholesome
fincture of conservatism to restrain
The desire to plunge induced by glow
ing prospects"
Secretary Cooper Joins Chorus.
" G Cooper, secretary of the At
lanta Chamber of Commerce-Whlch
Is a very advantageous position IN
which to count the pulse beats OF
business and commerce-sees IN pros
pect tine biggest year Atlanta and
Georgia ever have had.
we are getting a running start
you might say, and by next July at
the outside we should be going at top
speed" Mr.. Cooper said. 49,,
For instance, we got away with
our best foot first. The big cotton
crop and the top-notch prices II
brought effected sweeping payment
of the fall obligations such az has
never been seen in this section be-
fore The Atlanta banks were
crammed with money. Everybody got
away to good start, and, now that
regional bank looks sure to come
10 us, really can't see anything TO
mold us back.
Realty Market Booming.
One sample of the stimulation OF
general business is to be found In the
renewed activity of the Atlanta real
estate market. Last fall there was a
sort of quiescence in the situation:
Now you have hard work to get hold
Of real estate man long enough to
buy piece of property before some
body else can beat you to 1t.
All that looks mighty good for the
future. Whatever clouds may nave
dimmed the sunshine in the past now
seem to have been swept far beyond
the range of our vision. If they hover
at all, ii is on the other side of our
horizon"