The Birmingham age-herald., 1916-08-06
CITIES WILL PRESENT UNITED FRONT
 FOR FARM LOAN BANK
Birmingham Montgomery and Mobile to Loyalty Support Claims of State and Subordinate Individual Aspirations Conference of Land Bank Committees of Three Ala
 bama Cities Yesterday Terminates Satisfactorily

gressive Farmer. We support a state fair which grows in importance year by year in assembling exhibits of farm prod ucts and live stock raising.
 We believe we are in a stronger posi- ton to contend for the location of tho bank than any other city in Alabama, or than any other city which may be To- cated in the district in which Alabama will be placed.
 '"It takes two sides to make up suc- cessful financial transaction. The federal land bank of this district will need to have a lot of farmers utilizing its facili- ties as borrowers, but it will likewse need those who would be willing to pur- chase it's bonds, which are necessary to the operation of the bank. After it lends out It's capital 1t issues bonds. These will be purchased largely by people in the district in which the bank Is To- cated Our industrial condition will con- tribute to the purchase of those bonds by those who are now savings depostors and who are among that portion Of our wage earners and salaried men when they have learned to regard the value of federal farm land bank securities, and in no wise will the existence of an indus trial condition In the locality hamper that bank, but, rather, will greatly assist 1t. .rWe are of the opinion that the spirit of the people of Birmingham in subscrb- ing for the capital stock of the bank will be a good argument in favor of this city; not only in value of subscription to the stock in dollars and cents. but the evil dence of the support that our people are willing to accord to it and the value of
 such subscriptions to the bank in having it become established in the confidence of the general subscribing public by the attitude of those citizens who are willing to sub scribe to its stock in the beginning. COMMERCIAL SUPREMACY
 Because of our position and commer- cial supremacy we will naturally be able 1 to give to that bank if located here, a greater impetus than any other city in this district could give 1t. We don't be- lieve 1t possible for the bank to be lo- cated better than in Birmingham.
 "In the absence of an agreement at the luncheon today, 1t was decided by tho representatives that there is no reason why we should not present a solid front of loyalty for Alabama, and I believe tho real benefit of the conference is in the concentration of that spirit of harmony which will characterize the manner in which the claims are presented for the bank, and which will enable us to show an unbroken line of loyalty for Alabama in the presentation of our applications to the federal farm loan board. We may go even to the extent of turning 1t to ac- count in that three of Alabama's cities are sufficiently interested in the federal farm loan act to want to see one of the banks located within their borders.
 we shall seek to impress the federal farm loan board with the fact that this is not matter of internal dissension. and
 that whatever it's decision might be, there will be no further displeasure on the part of the contending cities What we want to do is to locate the federal farm loan bank in Birmingham if possi- ble; if not in Birmingham, then in an- other Alabama city. We certainly want it for Alabama. and that will be the atti. tude of the other cities contending."