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

By WILLIAM HoSTER.
Five hundred banks, representing
every section of Georgia, have unan-
,f710jisly approved resolution pro-
posed by H. T. Powell, of Macon, in
forsing Atlanta's claims to one of the
regional banks to be established I'M
der the new currency system.
This action was taken at lunch
con rendered the bankers of Georgia
bv the Clearing House Association of
Atlanta at the Capital City Club. The
resolution was adopted with a shout.
4 good day was selected by the
bankers for thus sending out word to
the nation that Georgia is standing
yolidlv behind Atlanta. 1t was the
birthday of Robert Z. Lee, and while
ali Georgia celebrated outside, the
bankers put the seal or their approval
upen Atlanta's claims.
Starts Fight OF Right.
This unanimity of sentiment ena-
dIes Atlanta now to face the Federal
Reserve Committee with confidence
in the outcome, when they reach here
next month. 10 listen in detail to At
lqnta'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 been voiced by financial experts
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
M
he laid before the Secretary of the
Treasury and his colleagues when
they come here in February. 1t may
rot be amiss to recite some of them
row in the Hearst newspapers. which
have been requested by the citizens of
Atlanta to assist in having regional
sank established here
There was general commentator
7mong the bankers to-day of the
manner in which Mr. Hearst has
thrown open the use of his publica-
lions for Atlanta and her cause.
Cooper Cites Advantages.
W :. Cooper, secretary of the At
Ianta Chamber of Commerce, gave
formal expression to these views in d
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
g. tie facts which will cause the or
sanitation committee to locate a re-
efonal bank here, and | take pleas
uTe in outlining briefly some of these
facts
Atlanta is the center of all the
great interests of the Southeast-ag-
riculture manufactures, railroads,
trade, finance insurance, telephones,
le'egraphs, 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-
eIon 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
ANITA 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 well balanced ter
illolE, with all the elements of civil
Izatlon. If a Chinese wall We're built
around it, it would be a self-sustain-
ing country, with more varied in
dustries and interests than any area
In the United States.
In this territory more than half
the cotton crop and one billion dol
lars worth of factory products origi-
nate. 1t includes practically all the
cotton mills and iron industries of
the South, with large proportion of