Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-09
REGIONAL BANK
RALLY HERE ON
/. JANUARY 10
700 Financiers From Over State
viii Meet to Boost Atlanta
as Reserve Center.

The next high place in the cam
paign to bring one Of the regional
banks to Atlanta is to be January 10
Lees birthday and a Southern bank
holiday-when a representative of
every bank in Georgia will be invited
to come to Atlanta as. the guest of
the Atlanta Clearing House Associa-
ton.
The object of the assembly, Of
course, will be to discuss ways and
means for making Atlanta the 1oca-
ton of the Federal reserve bank for
the Southeastern section Of the Unit
ed States.
The gathering should number at
least 700 bankers. In Georgia there
are lis national banks and more than
900 State banks. The representatives
are to be entertained by the Atlanta
Clearing House Association at a
luncheon at the Capital City Club, at
which meeting Senator Hoke Smith
and Senator Bacon will speak con-
corning the new currency bin and the
desirability for gaining one of the re-
gional banks for Georgia.
HhI0Isa Siiy ofo'SS'
It is granted among Georgia bank
ers and business men generally that
Georgia's sole chance of getting one
of the big banks is to get it for At
lanta. 1t is well known that no other
Georgia city has a chance, and the
plan now is to put up solid front,
with all the bankers and business
men in the whole State standing to-
gether on the claim that the regional
bank for the South should be estab-
lished in Atlanta.
The big meeting of the bankers was
decided on at a meeting of the Clear
ing House Association Thursday, and
invitations are to be mailed out Fri
day TO all the banks in the State.
Coincidental with the gathering of
the bankers in Atlanta on January
10, the annual meeting of the Ma
tional Currency Association of Geor-
gia is to be held.
Twenty-siX Georgia banks are
members of the association, which
was formed under the Aldrich-Vree-
land bill some years ago, the law to
remain in effect until July, 1915. In
der this law a reserve fund of $780,
100000 is available should financial
conditions arise that would demand
it. At the annual meeting officers
Will De SleClSu, new lllSulUeIS pIO-
posed, and an earnest discussion will
be held as to the best manner of
backing Atlanta in the regional bank
contest.
Atlanta's Support Grows.
The number of Georgia cities guar
anteeing Atlanta support in the con-
test was increased to ten Thursday
afternoon, with the prospect of at
least that many more lining up Fri
day
The method of rendering support
was usually through the resolutions
of clearing house association, cham
Der of commerce or other civic COM
mercial body. The resolutions state
that Atlanta is considered the best
Southern city for the location of re-
gional bank, and that its claim will
have the support of the city adopting
the resolution.
Up to Thursday night the cities
lining up for Atlanta were Macon,
Athens, Columbus, Rome, LAGRANGE,
Griffin, Forsyth, Newman, Dalton and
Cordele.
Encourag ing messages were re-
Ceived from Senator Smith and Con-
gresham Howard Thursday. ,Sena-
tor Smith said:
Sentiment in Capital Favorable.
Sentiment here Gin Washington
generally recognizes Atlanta as the
city in the Southeast in which there
will be located a regional reserve
bank. | congratulate you upon action
of Macon and Columbus clearing
houses"
Congressman Howard expressed
himself in a letter received Thursday
by ]. X. Orr chairman of the joint
committee of the Chamber of Com
merce and the Atlanta Clearing House
Association. He said:
Am just in receipt of your letter
relative to the establishment of a re-
gional reserve bank in the city of
Atlanta.
NO one realizes the great import
ance of the establishment of this
banking institution in Atlanta more
than l do, and, of course, Atlanta be-
ing in my district and the capital of
my State, | am enthusiastic in my
efforts to secure this bank for At
lanta.
Mr. McAdoo and his party, as you
are probably aware, will arrive in At
lanta the middle of February to take
evidence relative to the establishment
of this bank, and / know that Atlanta
VIII make such a splendid showing at
THIS hearing that she will prove her
self entitled to the one bank to be
established in this section of the
country
Assuring you that hold myself in
readiness to cooperate in any con-