Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-11-13
Banks of Atlanta
Pledge $228,OOO
For Export Plar,
Rapid Roadway Made in
Forming Huge Corpora
ton Which viii Relieve
Farmers of South

Within less than forty-eight hours
following the formal launching of
khe project, four Atlanta banking
Institutions had subscribed for $22S,-
boo of the capital stock of the Fed
raj Foreign Finance Corporation,
which was organized at New Or
cans last Saturday with a capital
tock of S12.000,000, of which S.
100, 900 will be paid in. 1t is conf
bently believed that other Atlanta
banks will fall in line and that with
IN the next few days Atlanta's quota
q the capital stock of the big ex-
port bank will have been fully sub
tcribed.
ave approved the project and sub
cribed their quota to the capital
took Of the corporation follow:
Fourth National :. .. =. $9o,ooo
Atlanta National .. e. .. 75,ooo
fulton National - =. .... So'ooo
ATLANTA Trust Co. oo''oV
Under the plan of organization the
banks in the cotton states are ex-
heir capital and surplus to the stock
# the export bank, and the subscrlp-
HONS of the above-named Atlanta
banks were voted by their boards Oh
directors at special meetings in ac-
ordance with the aforesaid plan
The board of the Fulton National
nd the trustees of the Atlanta trust
company met in special session wed
esday afternoon, and the boards Oh
he Atlanta National and Fourth Ma
ional held their meetings Thursday
noon. The Central Bank and
rrust Corporation will hold its meet
hg Friday, and the directors OF the
,owrv National will meet Monday to
consider subscriptions to the FED
raj Foreign Finance Corporation
rbe matter will be presented to the
Ulcers and directors of the Trust
company of Georgia, on Tuesday
nd the directorate of the Citizens
nd Southern bank will meet at Sa-
hannah. next Thursday.
Georgia Bankers Meeting
The matter will be presented to
he members of the Georgia Bankers
association, in a special meeting at
Macon next Tuesday. The call for
his meeting was issued Wednesday
fternoon by H. Warner Martin
reAaent of the association and vice
resident of the Lowry National
ank. He gave out the following ex-
Sanatory statement in connection
With the, call:
Purpose of Meeting
."rhe purpose of the meeting are:
First. To inform the members of
he Georgia Bankers association
ully upon the plans for organizing
he Federal Foreign Banking COM
any. which was undertaken il New
orleans on November 3.
Second. To give the Endorsement
sf the Georgia Bankers association
o the said corporation, after due
Consideration.
Third. To enlist the active coop
ration and support of the bankers
II Georgia in raising Georgia's quo
a of the capital stock of the cor
oration.
THE purpose of the corporation is
o create a foreign market for Geor-
ia products, particularly cotton, In
which the state IS SO vitality inter-
sted.
THE plan of organization is more
uIly set forth in the accompanying
laa, as adopted at New Orleans.
Every bank in the state of Georgia
5 urged to send one of its principal
Ulcers to this meeting, clothed with
lower to act. 1t is also urged that
hey bring with them as many di-
ectors as may be interested in hear
hg a full discussion of the proposed
Xport corporation.
This is the greatest financial
movement that has been undertaken
Vince the establishment of the fed
Kral reserve system, and no bank
ban afford 20 ignore the benefits
which it will bring to our state"
The eagerness and enthusiasm with
Which the banks of Atlanta are lin
ing I'D in support of the Federal For
ign Finance Corporation is typical
If the interest and approval with
Which the projected enterprise is re-
Earded by financiers throughout the
outh.
The quota of the banks of Georgia
o the capital stock of the corpora
ion, as announced. is $1,500,0O0 1t
confidently beliveed that banks
throughout the state, approaching
he Importance of the foreign finance
roporation as an agency for stimu-
ating the growth and development
# the south, through providing
redit facilities for the expectation
f cotton and other products. will
ubscribe readily to the capital stock
Il the export bank, and that Geor-
has full quota will be raised within
he time limit, which expires Deem
per 10.
FORT WORTH BANKS
SUBSCRIBE TO STOCK
FORT WORTH. Texas. Nov. IL
Foat Worth banks IL q meeting last
hight subscribed three per cent OF
their capital stock 10 the Southern
Export corporation. recently organ
zed in New Orleans.
AL NI~., c>n:-l