Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-21


mort the Georgia bankers conuen-
tton.J
By WILLIAM HOSTER.
Five hundred banks, representing
every section of Georgia, have unan-
imously approved resolution pro-
posed by H. T. Powell, of Macon, in
gorsing Atlanta's claims to one of the
regional banks to be established I'M
der the new currency system.
This action was taken at lunch
con rendered the bankers of Georgia
by 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
sondly behind Atlanta. 1t was the
birthday of Robert f. Lee. and while
all Georgia celebrated outside, the
bankers put the seal OF their approval
upon Atlanta's claims.
Starts Fight OF Right.
This unanimity of sentiment sena-
bes Atlanta now to face the Federal
Reserve Committee with confidence
in the outcome, when they reach here
next month, to listen in detail to At
lanta's claims. 1t starts the fight off
right. The rest of the country should
know that Atlanta is enthusia stically
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
a! 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
be 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-
tons for Atlanta and her cause.
Cooper Cites Advantages.
w S. Cooper, secretary of the At
ldllNd ClIGlIIpCI VI gave
formal expression to these views in a
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
sanitation committee to locate a re-
sional bank here, and / take pleas
ure in outlining briefly some of these
facts. --.--.s.
atlanta is the center of all the
great interests of the Southeast-ag-
rlculture, manufactures, railroads
'rade finance, insurance, telephones
,elesraphs, 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 12-Hour Hub.
More of the elements can be
reached within twelve hours from At
.anta than from any other city be-
,Ween the Ohio, Potomac and the
Mississippi Rivers.
The natural territory of Atlanta
includes the Carolinas, Georgia, Flor
lda, Alabama, Mississippi and Ten
hessee, This is well balanced ter
fitory, with all the elements of civil
Hatlon. If a Chinese wall were built
around 1t, it would be a f-sustain-
ing country, with more varied in
'ustrles and interests than any area
the United States.
In this territory more than half
me cotton crop and one billion dol
lafs' worth of factory products origi-
nate 1t includes practically all the
cotton mills and iron industries OF