Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-28
ERA
AHEAD, SAYS
BANKER
McCord, Sunshine" Recruit,
Praises Currency Law and
Predicts Good Times.

Uniting himself with the Atlanta
sunshine Club, Joseph A. McCord, of
the Third National Bank, processes to
he a member who believes not only
in plenty of sunshine, but also in
the reasonable conservation of it,
Things look so good here in At
anita and all over Georgia" Mr. Nc
Cord said. that I'm afraid there is a
title temptation to plunge, as it were
For example, notice there is great
demand for mules all over the State.
That indicates to almost a certainty
that a bumper crop of cotton is being
planned.
Now. if carefully carried out, and
not injured by unreasonable drouth
or other climatic element, that plan
is very fine indeed. 1t is encouraged
by the experience last year. The
year before that a short crop of cot
ton in Georgia was pitted against
long crop in Texas. Low prices re-
suited, and the State went $50,000,000
in debt.
Banker Praises Currency Law.
Last year the reverse was true.
off the big debt and put Georgia in
grand shape for the coming twelve
months.
Things certainly look good. This
new currency law is sure to provide
a stable basis for all conservative
and legitimate business operations.
The man who does business wisely
and legitimately may face the future
with all confidence.
Another good thing about the law
is that it will by no means offer en-
enlargement to bankers to spread
themselves in a reckless extension OF
credit. The measure is designed TO
protect conservative, legitimate busl-
ness, and it will do exactly that. No
wildcat banking will be encouraged.
Take it all around, | see great
deal to- encourage us as we face the
rest of the year 1914. Especially can
| see that Southern business, and
particularly Georgia business, Is on
sound and prosperous basis. l look
forward to a great year, with great
Urospects, needing only a wholesome
tincture of conservatism to restrain
the desire to plunge induced by glow
ing prospects. oL
Secretary Cooper Joins Chorus.
w. G. Cooper. secretary of the Al
lanta Chamber of Commerce-whlch
is a very advantageous position IN
which to count the pulse beats oil
business and commerce-sees IN pros
pect the biggest year Atlanta ana
Georgia ever have had
I'VE are getting a running start,
YOU might say, and by next July al
the outside we should be going at top
speed" Mr.. Cooper said.
For instance we got away with
our best foot first. The big cotton
crop and the top-notch prices 1t
brought effected a sweeping payment
of the fall obligations such as has
never been seen in this section be-
fore. The Atlanta banks were
crammed with money. Everybody got
away to a good start, and, now that
q regional bank looks sure to come
to us. | really can't see anything to
hold us back.
Realty Market Booming.
One sample of the stimulation of
general business is to be found in the
renewed activity of the Atlanta real
estate market. Last fall there was
sort of quiescence in the SITUATION.
Now you have hard work to get hold
of a real estate man long enough TO
buy a piece of property before some
body else can beat you to 1t.
All that locks mighty good TOT the
future, Whatever clouds may have
dimmed the sunshine in the past now
seem TO have been swept far beyond
the range of our vision. If they hover
al all it is on the other side of our
horizon"