Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-11-23
ENTERPRISE That Foretokens
Ne1o PROSPERITY for Georo;o

I N mastering their influence and resources
I to the movement for promoting foreign
sales of Southern products the banks of
Georgia are doing the Commonwealth an in
valuable service. Their primary purpose, as
embodied in the recently formed Federal In
ternational Banking Company, is to facilitate
cotton exports and thereby help maintain an
active market for the South's chief money
crop. This alone is important beyond meas
ure, and of itself would mark the enterprise
But there are divers other products-rice,
sugar, lumber and manufactured articles, to
take few examples-the foreign sales of
which can be continually increased by means
OF the Federal International Banking Com
pany. Indeed, there is no field of our pro-
ductive and commercial interests that will
not benefit from this broad-based undertake
ing.
1t is fair, then to expect that all Georgia
banks will do their full part in subscribing
the States quota of the six million dollars of
capital stock with which the company is on
begin operations, and moreover that they will
ers and exporters whose business will be en-
be reinforced by the merchants, manufacture
riched through the development of foreign
trade. 1t shoul, be noted that at the recent
meeting of the Georgia Bankers Association,
called specially to consider this matter, the
enterprise was unanimously adjudged to be
practicable" 'benfiecial to our section and
| profitable to the stockholders" With such
an Endorsement, backed ~ large subscriptions
from the leading banks of the State, along
with those of the South at large, the project
will appeal more than ever keenly to all who
relish opportunities to combine business ad-
vantage and public service.
There could be no happier omen for the
material interests of Georgia and the South
than the celebrity with which this exports
banking company is being organized and
financed The support it is enlisting be-
speaks breadth of thought and purpose, a
sensibility to the needs and obligations of the
time, and readiness to go forward with
great plans for the common good, that are
highly significant and heartenng. Without
this breadth of view and this spirit of cooper
alton neither Georgia nor the South could at
tain their full stature of prosperity and their
full stride OF progress. They must look far
beyond their own mountain and sholes into
the markets of the world if they would Sc
cure a profitable outlet for the increasing
products of factory and field; and they must
re prepared to grant reasonable credit ac-
pommodations to responsible customers
abroad in order to meet competition and keep
| the tides of trade freely moving.
| Every movement that serves constructive
ends like this should be sped literally for
ward. Every opportunity whereby business
| or banking house can increase it's service
| ableness should be grasped--an obvious duty
which recalls the fact that in this State and
region there still are numbers Of banks
which have not yet joined the Federal Re-
serve system and which, so long as they do
not avail themselves of that high advantage,
are not in position to do all that they could
for their patrons and communities Only
broad thinking and generous pUrpOsing, along
with vigorous action are worthy of so great
Commonwealth as ours and of SO great a
country as the South