Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-10
MORE CITIES ENDORSE
ATLANTA FOR BANK

Elberton. Newman, Carrollton an;
Stockbridge had stepped int,
line Saturday afternoon to sup
port Atlanta for the regional banl
Of the Southeastern district, added tC
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 imam
cial district under the new Fedora
reserve law
The Newman Clearing House sem
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
10 select Atlanta Ga as one OF
the sites for Federal reserve
bank. as this city 10 centrally To-
Gated ard viii conveniently serve
a large territory Of the Southern
States
Atlanta is the terminal of sew
eral 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,
postoff1ce receipts and CONNER
cia importance entitle 1t to the
location of one of the Federal
reserve banks.
Carroiiton, 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, 1t is
the most desirable place in the south
cast for one of the regional banks.
This resolution was adopted Sat
urday by the Eiberton Clearing House
Association signed by j.. M. Heard
president, and FL P. Hunter, secre-
iary, and wired to Robert I. Maddox:
Elberton Backs Atlanta.
The foiiou-ipg ragoIptiop ya adnnt
ed at a meeting to-day:
Whereas. II is considered that the
interest of this section would be best
served by the establishment of re-
sional bank in Georgia, and Atlanta
being the logical location therefore
BE II resolved, That the Elberton
Clearing House Association strongly
recommends the location of re-
gional reserve bank at Atlanta. and
urges the matter before the Reserve
Bank Organization Committee"
Following is the resolution on
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
efHl regional ndnhS.
4 thorough and impartial con-
sideration of the subject drives
us to the conclusion that Atlanta
is the logical location. and as such
win De 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 tine meeting of
the reserve bank organization com
mittee in Boston the day before had
oeen 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 a reserve district and that
Atlanta should DE the regional bank
ing city
Robert +. Maddox, of the commit
tee i'm 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 Appreoi ated.
The fact that both New York and
Boston, between whom there is nat
urally a brisk war for supremacy in
the East, should agree that Atlanta
ought to have a bank is most con
Vincing testimonial to the justice OF
Atlanta's claims" Mr., Maddox said
In fact, 1t is with some surprise as
we'll 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
the East, which might well be ex-