Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-20
By WILLIAM HOSTER.

sNS hundred banks, representing
e,.rv section of Georgia, have unan-
,rously approved a resolution pro-
rossd bv II. T. Powell, of Macon, in
dorsing Atlanta's claims to one OF the
raqfonaI banks to be established un-
der the new currency system.
This action was taken at a lunch
eon rendered the bankers of Georgia
bv the Clearing House Association of
Atlanta at the Capital City Club. The
resolution was adopted with shout
good day was selected by the
bankers for thus sending out word to
t1e nation that Georgia is standing
soIidIv behind Atlanta. 1t was the
birthday of Robert E. Lee, and while
all Georgia celebrated outside, the
bankers put the seal or their approval
upon Atlanta's claims.
Starts Fight OF Right.
This unanimity of sentiment ena-
HES 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 enthusiastically
indicating that opinion of her which
has 0eeQ NOit6u ny ca pei -
in New York, Boston, Washington
and Philadelphia in their expression
of view that, wherever else a region
Al 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
thew 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
lanta Chamber of Commerce, gave
formal expression to these views in a
statement which he made to the staff
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
&c the facts which will cause the or
eanizatiOn committee to locate re-
gional bank here, and | take pleas
IRE in outlining briefly some of these
facts.
atlanta is the center of all the
sr4+. -
Ticulture, manufactures, railroads
trade, finance, insurance, telephones
teiesraphs, 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-
gion 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
lanta than from any other city be-
tween the Ohio, Potomac and the
Mississippi Rivers.
The natural territory of Atlanta
Includes the Carolinas, Georgia, Flor
Ida, Alabama, Mississippi and Ten
nessee. This is a we'll balanced ter
rltory, with all the elements of civil
Hatlon. If a Chinese wall were bull;
around it, it would be a self sustain
ing country, with more varied in
oustres and interests than any area
IN the United States.
In this territory more than hall
me cotton crop and one billion dol
ars worth of factory products origi-
nate 1t includes practically all the
cotton mills and iron industries OF
me South, with large proportion OF