Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-11-18
CREDIT BANK PLAN
To FINANCE PEACH
CROP IS ADOPTED


with g capital of 500, 600 to finance
the 1925 peach crop of Georgia; to
take immediate steps to insure the
proper grading of the crop and stand
ardizStion OF packing, and to so
mo,hty the Georgia Peach Growers
exchange as to make 1t of service
to every grower in the state, was
reached by the committee of ten
!. appointed to organize the peach in
dustry in the state at a meeting at
the Atlanta Biltmore hotel Friday
afternoon and night.
1t is confidently believed that the
projected plans of the committee,
when carried to completion, will in
sure the state against the heavy
losses experienced In handling the
1924 peach crop. Those losses, it
was estimated. amounted to more
than $6,000,000, this figure being
said to be conservative.
At the outset of the meeting, w.
3. Baker, chairman the commit
tee and president of the Atlantic Ice
g. Coal corporation, of Atlanta,
stressed the Importance Of proper
grading and uniform packing in the
handling of peaches, declaring that
improper methods ,lsed in the past
have reacted to the detriment of the
entire peach industry in the state.
Shipments Suspected
cat present" said Mr.. Baker, 'the
peach buyer in the northern or east
ern city, as well as in southern
cities, look upon carloads of Georgia
peaches with suspicion. They have
no way of knowing whether the fruit
is properly graded or whether the
pack is honest until they have thor
oughly inspected all the crates.
1--WE should have rigid government
inspection and classification of
grades, and rigid supervision in
packing"
1t was stated that an effort will
be made to secure the cooperation
Of the railroads and to induce them
not to accept for shipment any
peaches that are improperly graded
and packed unless charges are pre-
paid. 1t was also decided to press
for passage before the general as
sembly law which will insure prop
err grading and packing and provide
for curtailment of shipments when
the market becomes flooded with a
surplus of the fruit.
On motion of c. B. Lewis, presi-
dent of the Fourth National bank,
Of Macon, Chairman Baker was en-
powered to appoint seven men to act
as a temporary board of directors Of
the proposed Federal intermediate
Credit bank, the resolution making
the provision that Mr.. Baker him
col r ofnY Of
the Georgia Peach-Growers eX-
change, serve on the directorate.
Directors Appointed
Mr.. Baker appointed Mr.. Lewis
and T. r. Turner, president Of the
Bibb National bank, of Macon, on
the directorate, and requested them
to submit the names Of three other
men. The board of directors will
have charge of the bank and will
organize and direct an immediate
stock. No difficulty is expected in
raising the capitalization.
With this capital, it was stated |
the bank may discount with the |
parent intermediate Credit bank, at |
the rate of ten to one. 1t will thus |
be in q position to discount 81 000,
900 of paper in ample time to assist |
those peach-growers who need help |
In financing the 1925 crop.
Another resolution that was |
unanimously passed urged that all
trees of the Uneda Mayflower, Victor !
Red Bird, Quenn of Dixie and Arp |
Beauty varieties be pulled up, rs
these varieties are discreditable to
the Georgia peach industry: are un-
h. n 1f1JJ off
on the sale of varieties that follow"
All of these are early varieties and.
according to a peach census in the |
hands of the committee. there are
about 1870 800 trees of them in the |
state. The total peach acreage of |
the state includes about - ,000,0 900 !
trees.
Present at the meeting were the
following committeeman: M. Baker,
Mr.. Lewis, Mr.. Turner, w. c. Bewley |
secretary of the committee and for
mer assistant general manager of the
Georgia Fruit exchange; B. Is.
Murph, of Marshallville, and j. j.
Belts, of Woodbury., well-known |
peach growers; Warren Grice, wide !
1y known Macon attorney and peach |
grower; A. T.. Bird, Jr., cashier of the
Citizens & Southern bank of Macon;
l.. X. Glenn, president of the Atlanta
& Lowry National bank; C. f. Martin
vice president of the Citizens Bank
OF Fort Valley.
Following luncheon at the Bit
more and a session that lasted al |
afternoon, the committeeman were
guests of the Atlanta Presidents |
club at dinner, after which they
reconvened to complete their discus
sion.
Resolution Gives Needs
Following is a resolution, unanim-
ously passed, in which the commit
tee outlined the needs Of the indus
try, with suggested remedies:
First: That there should be some
organization in Georgia whose mem
bership should be composed if pos
sible of all the peach growers and
all the distributors of Georgia
peaches.
Second: That the present Geor-
gia Peach Growers Exchange all
ready has the organization which,
with certain notifications, can ac-
complish the desired purpose; the
idea being that the exchange should
itself sell the fruit of such of it's
members only as desire the same to |