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

The Atlanta Regional Bank Com
mittee resumed its work Saturday
with many signs of encouragement
over recent developments. The rush
0f Georgia cities to back Atlanta in
the coming contest was one great
feature.
Another was that the meeting of
the reserve bank organization COM
nittee in Boston the day before had
been assured by Charles p. Blinn, Jr.,
president of the Massachusetts Bank
ers' Association and that the bank
ars VI that State believed firmly that
the Southeastern States should con-
Sritute a reserve district and thai
Atlanta should be the regional bank
ing city.
Robert F. Maddox, of the commit
tee in Atlanta, said that the Boston
announcement was one of the most
favorable things that could have hap
pened at this stage of the campaign.
Eastern Support Appreciated.
The fact that both New York and
Boston, between whom there is nat
uraiiy brisk war for supremacy In
the East, should agree that Atlanta
ought to have a bank is a most con-
vincing testimonial to the justice OF
a.
In fact, it is with some surprise as
well as great deal of 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 we'll be ex-
peCted to look out for their own in
terests without bothering about At
lanta"
THE point seems to be- said Hem
~ Davis, cashier of the Lowry Ma
tional Bank, that Atlanta's position
as the head of the Southeastern dis
trict is so logical that no good plan
for dstricting the. United States un
der the Federal reserve law can over
look Atlanta and its claim to one of
tho banks"
Mere Cities Back Atlanta.
Eighteen Georgia cities were en-
rolled by, Saturday morning in sup
rOrt of Atlanta as a regional bank
location. Those signifying their ap-
prevail the day before were Gaines
Vile Washington. Americas, Kirk
wood. Lithonia Albany, Augusta and
MiNedgeviIle.
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 Georgias
hope Of a regional bank No other
city in the State has a chance for
the appointment, and unless it is
awarded to 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
MilIedgevIIe's Endorsement.
The following telegram was re-
reived Friday night from Milledge-
Vile:
The MilledgevilIe Chamber of
Commerce strongly indorses the
proposition of naming the 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
mtttee appointed under the new cur
renCy bill, and TO the joint commit
tee from the Atlanta Chamber of
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
huence to aid in that direction