Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-11-18
Georgia Banks Pledge ST.
O88,5O0j Tennessee, Flor
ida, Alabama and Other
States Also Respond
BY RALPH SMITH
(Staff Correspondent of The JournaD

MACON, Ga, Nov. 17.-With 1884,
9oO actually subscribed and $253.55O
tentatively pledged. making a total
OF Sl,OSS,500, il is regarded as certain
that Georgia's quota of $1,5OO,00O Of
the capital stock of the Federal In
ternational Banking company will be
Forthcoming within the time limit
fixed by the organizers of the insti-
tuition at their New Orleans meet
ing.
The chances are good that the
banks. exporters and Wholesalers of
Georgia will subscribe exceeding the
quota allotted the state. and if the
response in other southern states IS
equally as successful the big export
bank will begin business with :,
capital stock of more than $4,000. 600
The success of the international
bank in so far as Georgia Is CON
cerned was assured at the extraordi-
nary session of the Georgia Bankers
association here Tuesday. Every
banker present at the meeting wrote
MS name on the dotted line. either
subscribing outright or agreeing ~
subscribe per cent of. the CAPITA
and surplus of his bank to the cant;
tai stock of the export enterprise
subject to the approval of his board
of directors.
NO banker present at the MEETING
here recalls ever having attended :,
more earnest and enthusiastic assem-
Oily or business men. After formal
hdorslng the international bankin.
company. by the passage of reso1,,
ton, the bankers, in their eagerness
10 put it over in Georgia, dispensed
win the set program and suspended
the rules so that every man preseni
might announce the purpose of his
bank
Two subscriptions, other than from
oanks' We're received at the meeting
w. V. Davis, Of Savannah. after an
nouncIng the subscription of his
bank. personally subscribed $1,000
and the Garbutt Cotton company. of
fitzgerald. by NJ. V. Garbutt. sub
scribed $4,000.
one hundred and sixty-five banks
located in seventy-three different
counties, were represented at the
meeting.
Group Chairmen Named
Inc membership of the Georgia
Bankers association is something
over 800. so. that the subscriptions
taken yesterday include only a small
proportion of the banks of the state.
lt is the belief that every one of
them will subscribe when they fully
understand and appreciate the pur-
pose OF the International Banking
company.
Robert F. Maddox, of Atlanta.
CHAIRMAN of the state campaign COM
mittee, with the approval of the
bankers association, will make
systematic canvass of the banks of
the state, and each will be offered an
opportunity of participation in the
export bank.
in order to facilitate the campaign
work IN Georgia. it was decided at
yesterdays meeting. to make the
canvass under the group system.
The state is divided into five groups,
and of each group Mr.. Maddox, yes
terday, appointed chairman to as
sist him in the campaign work.
The group chairmen are:
First Group. p. Doolan. Hi
bernia bank, Savannah.
Second Group-Rufus H. Brown,
Georgia Railroad bank, Augusta.
Third Group-Ely r. Galloway.
LaGrange National bank, LAGRANGE.
Fourth Group. S. Peters, Bank
of Manchester. Manchester.
Fifth Group-C. E: Martin, Citi
nf Vol
Under arrangements with Mr.. Mad
doX, these group chairmen will keep
in daily touch with him, and will re-
port the progress of their campaign
work. Announcements will be made
daily concerning new stock sub
scriptions.
List of Subscribers
The subscription received here
Yesterday including the subscr1p
tions of Atlanta banks heretofore
published in The Journal, follow:
Merchants and Farmers: Willacoo-
Williamson, $3.50; Merchants ara
Farmers, Milledgeville, $4,000; Bankf.
Of Gainesville, Gainesville. $4,000!
First National bank. Gainesville, $4.-
800; Exchange National, Fitzgerald,
$1,000; First National bank. Fitzger-
con, $1,000; Fourth National bank, d.
Macon, $1,000; Macon National bank
Macon, $500; Luther Williams
Banking company, Macon, $500
Pembroke National bank. Pembroke.
$4,000; Citizens bank. Waynesboro,
Waynes boro, $3.50; First National
bank, Waynesboro. $3.50; jackson
Banking company, Jackson $1,000:
Jackson National bank. Jackson. So
900; Farmers and Merchants, Jack
son, $4,000; Bank of Arlington Ar
Two fnT 0f
son. $1,000; Hammock-Rish bank. Ed
isOn. $500; Bank of Meter, Meter.
81 800; Citizens bank Meter, $1,50G
American Bank and Trust company.
Savannah, $4,000; Chatham Bank and
Trust company, Savannah. $4,000:
$1,000; Exchange bank, Savannah
$1,000; Hibernia bank. Savannah, $15.-
900; Liberty Bank and Trust com
pany. Savannah, $4,000; Savannah
Bank and Trust company, Savannah.
$4,000; Bank of Fort Gaines, Fort
Pittard Banking company. Winter
vile, $1,000; Bank of Jonesboro,
Jonesboro, $500; First National
Bank. Marietta, $4,000; MoultriN
Banking company. Moultrie. $4,000:
National Bank, New
nan, $4,000: American Bank and
Trust company, Cordele. $4,000: Elk
change Bank. Cordelc, $4,000; Balm
bridge State Bank. Bairbridga.
$1,000: CitiZeuS = ark and
1'ru2t company. cambridge. S3,6U0
First National Bank. cambridge
$4,000: Citizens Banking company.
Eastman, $4,000; Merchants and
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