Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-03-18

and directors OF the association
upon arrival in Dallas, the first
person I sought was the active
head of the biggest and most
influential bank in the south
west-Nathan Adams, vice pres
ident of the American Exchange
National bank.
Mr.. Adams is more than SYM
pathetic with the movement; he
is one of it's earnest advocates,
who has been convinced. by ex-
perience that it is both practical
and advantageous, not alone to
the farmers, but to the bankers
and merchants. His views will
be amplifed, and should prove
interesting and invaluable to the
business men and farmers of
Georgia, whose attention just
now has been arrested by a cot
ton cooperative movement fash
toned after the organizations in
Texas and Oklahoma.
J. A. Pondrom, president of
the City National Bank OF
Dallas, perhaps the second larg-
est financial institution in Tex
as, discussed the cotton associa-
ton freely for the benefit OF
readers of The Atlanta Journal.
Indeed, it was Mr.. Pondrom's
suggestion that took me to Fort
Worth, to "a convention of the
Texas Bankers association, to
hear the cotton cooperative
marketing association discussed
both formally and informally,
by bankers, big and little, from
all over this great state.
The. views of the biggest cot
ton exporters in Texas were
sought-exporters who have had
actual business dealings with
the cooperative associations of
both Oklahoma and Texas, and
who have formed estimates and
conclusions concerning the adj
vantages and disadvantages OF
the undertaking. Interviews
with these men will be publish
ed in connection with a study
Of cooperative cotton market
ing in Texas.
A visit to College Station,
where is situated the Texas Az
ricultural and Mechanical col
lege, served to inform me as to
the attitude this great educa-i
tional institution has assumed
toward the cooperative move
ment. An interview with DR..
7. o. Walton. head Of the farm
extension bureau, eliminates
nany new and interesting
,loaSoe, nf fhn movement.
Close Scrutiny Welcomed
After assembling a masS Of in.
formation from bankers, eTt
porters and other Outsiders" as
to the coop ative movement
in Texas, officers Of the Texas
association were approached,
and it is only fair to observe
that they proved to be as frank
and fair in their attitude as did
Carl Williams and the gentle
men I interviewed in Oklahoma
CITY. Indeed, it was apparent
that the Texans welcome the
closest scrutiny Of their associa-
ton. They feel that their eXpe-
rience has indicated the wis
dom of their departure, and are
anxious to encourage the organi-
cation of a cooperative associa-
ton in Georgia.
Bankers in Georgia, especially
city bankers, are familiar with
the American Exchange Ma
2 tional Bank of Dallas, and know
something about the standing OF
Nathan Adams as banker. For
the benefit of the smaller banks
of Georgia and for the benefit OF
those rot fully informed, 1T is
appropriate to remark that the
American Exchange National
bank has a capital of $780,
GEO; a surplus fund of $1,000
900 and undivided profits
amounting to S1,552, 672. 81
some bank. Its total deposits.
as of date of December 1. last,
were $2S,798, 593.6S, of which
$21,916,955.3S were individual de-
posits.
Nathan Adams, although. vice
president, is recognized general
Iy in Dallas and all over Texas
as the active head of the 1nst1-
tuition. He is without a superior
in the state of Texas as bank
err and business mana far
sighted, progressive citizen,
whose activity for the material
development of Texas is temper
ed only by q measure Of con-
serYatism that has placed him in
the front rank Of the banking
fraternity.
Mr.. Adams Enthusiastic
Nathan Arams believes IN
the cooperative marketing OIL
cotton. He believes that the IDEA
is inherently sound in principle.
It's success, he thinks, depends,
first of all. on efficient manage
ment and freedom from politics.
and, secondly, upon the co-opera-
ton of bankers, business men
and farmers Throughout the
south.
"Do you know said Mr.:
Adams, eff I were situated
somewhat differently ] would
like very much to take over the
management of the cotton coop
erative movement in the south!
feel sure that I could make
a success OIL the unueE LdhA1lS
not a success from a selfish
standpoint, but the sort of sue
cess that would be reflected IN
the material happiness and pros
perity of every cotton grower IN
our country"
Efforts were made by the pro-
moters Of the cooperative move
ment in Texas to engage Mr.
Adams as the active executive
head of the organization. They
were willing to provide a salary
amply large enough to compen-
safe him for his, services, but he
was unable to accept the propo-
sition, although. as he says HIM
self, he was sorely tempted.
It is said that no man Of
prominence in the great state of