Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-10
18C|T|ESL|NE Up
WITH ATLANTA
FOR BANK
Boston and New York Officials
Also Pledge Aid to Local
Committee.

The Atlanta Regional Bank com
mi'lce resumed its work Saturda'
with many signs OF encouragement;
over recent Developments The rush
of Georgia cities to sCk Atlanta in
the coming contest was one great
feature
Another was that the meeting Of
the reserve bank organization com
mittee in Boston Inc day before had
been assured by Charles r Blinn, Jr,
president Of the Massachusetts Bank
ers' Association, that the bank
ers Of that State believed firmly that
the Southeastern States should cor
stitute A reserve district and tina
Atlanta should be the regional bank
ing city
Robert r. Maddox, NJ the commit
tee in Atlanta, said that the Boston
announcement was one OF the most
tsvors bic things that could have hap
pened at this stage OF the campaign.
Eastern Support Appreciat ed.
The fact that both New York and
Boston, between whom there Is nat
lrallv 4 brisk war for supremacy in
the East, should agree that Atlanta
ought to have bank Is a most CON
vincing testimonial 10 the Justice Of
Atlantas claims Mr. Maddox said.
I'm fact. il is with some surprise as
well as a great deal or 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 cX-
pected 10 look out for their own in
terests without bothering about At
lants"
The point seems 10 be" said Hen
~ Davis. cashier OF the Lowry Ma
tional Bank. chat Atlanta's position
as the head OF the Southeastern dis
trict is so logical that no good plan
Tor districting the United states un-
der the Federal reserve law can over
look Atlanta and its claim to one OF
tho banks"
Eight More Cities Back Atlanta.
Eighteen Georgia cities we're en-
rolled by Saturday morning In sup
tort of Atlanta as a regional bank
location Those signlfying their ap-
prevail the day before were Gaines
vile. Washington Americus Kirk
wood Lithonia. Albany, Augusta and
Milledgeyille.
Previous enlistments were those OF
Columbus Macon. Athens, Rome, La
Grange. Griffin, Newman. Dalton, Cor
dele and Forsyth.
The pledges OF support from Au-
Eusta and Albany were particularly
welcome, in that there was a few
DAYS ago a strong sentiment in those
cities to support Savannah in its
claim for the location OF the regional
bank 1t now is generally believed
that Atlanta constitutes Georgia
hope OF a regional bank. No other
city In the State has a chance for
the appointment. and unless 1t Is
awarded 10 Atlanta the chances are
that the South and the Southeast will
be split into two sections, with bank
ing centers. for instance at Rich
mond and New orleans. so that Geor-
gia would not get the bank at all
Milledgeville's Endorsement
The following telegram was re-
ceived Friday night from Mllledge-
Vile
The Minedgeville Chamber OF
Commerce strongly indorses the
proposition of naming tine Southeast
as one of the Federal reserve bank
ing districts. with Atlanta as the To-
cation for the reserve bank Reso-
lutions indorsing the plan have been
forwarded to the organization COM
mittee appointed under the new cur
rency bin, and TO the joint commit
tee from the Atlanta Chamber of
e. commerce and the Atlanta Clearing
House Association
The banks Of this city are very
anxious that Atlanta should win the
reserve bank and are using their in
fluenCe to aid in that direction"