Fitzgerald leader enterprise and press. (Fitzgerald, Ben Hill County, Ga.) 1921-1964, 1926-12-16
FINANCIERS REPRESENTING EIGHTEEN
BILLION DOLLARS FIND THAT GEORGIA
AND SOUTHEAST HAVE VERY GLOWING
POSSIBILITIES; SEE GREAT EXPANSION
Optimistic and Interesting Opinions Expressed
By Men High in Affairs of Country

The "other man" often sees more
about US than those of US who are
here every day. A group of forty
investment and commercial bankers
of New York, Boston, Philadelphia
and Chicago, representing a combin-
ed investment capital of $18.000,-
100000, recently visited Georgia,
Alabama and Mississippi and inspect
ed our vast resources. They are men
whose training is to give them insight
into solidity of development and safe
ey of investment; substantial founda-
ton rather than boom. 1t is a reve-
iation, the picture they took back to
their homes with them, after their
inspection trip through the South
eastern states. Doubtless no more
dependable word picture has been
painted of this part of the South than
in the words of these forty men of
affairs, in letters they have written
of their impressions, gained on their
visit.
Robert Haydock, of Tucker, An
thony & Co., New York: 'It seems to
me that these sections have all the
requisites for sound industrial growth
natural resources, favorable eli
mate, an abundant supply of Ameri-
railroad and shipping facilities and
can-born, low living cost, improved
an ample supply of power. I was
also much impressed by the attitude
of all the public Officials whom we
heard speak. They all seemed to
agree that everything possible would
be done to give outside capital invest
ing in the South square deal, or,
as they stated it, "fifty-fifty
break"
William H. Putnam, of Putnam &
Co., Hartford, Conn.,: II think l was
most impressed with the people in
these states. They seem to be under
such personal discipline and to have
a tremendous energy and determine
ton to improve themselves. So much
SOL believe the territory offers UNI
usual opportunities for young men
and women to carve out a home and
fortune for themselves"
H. M. Addinsell, of Harris, Forbes
& Co., New York: "When one con-
siders the industrial development that
was achieved by such states as Mass
achusetts without raw materials,
where in the early days factories had
to be located near mechanical water
powers, one realizes the opportunity
that lies before this section with its
great water powers, it's great coal
fields and other natural resources,
and it's network of transmission lines
which make is possible for factories
to be located at stategic points"
S. A. Mitchell, of Bonbright & Co.,
New York: "With dependable power
at reasonable rates, unusually good
water and rail connections, coal and
iron deposits, climatic and geographic
cal advantages, and an American
Alabama and Georgia
should be leaders in the industrial de-
velopment of the South"
E. w. Stetson, of Guaranty Trust
Co., New York: "All along our trip
we found that people were enthusiast
tic about the progress of their section
and were cooperating in every way
with officials of the various subsidiar-
les. We found that Atlanta, as the
center of Southeastern commercial
and financial development, was quite
prosperous and were delighted to see
some of the industries of that mag
nificent industrial city of Birming-
ham,"
Rollin P. Grant, of Irving Bank &
Trust Co., New York: "The conclu-
sions which seemed to be unanimous
with the party at the end of the trip
were most favorable to the possibili-
ties of the sections visited. The pub
lie officials of the states Of Georgia,
Alabama and Mississippi were most
definite to the effect that not only
would outside capital be welcomed
in the development of the Southeast
ern resources, but would be carefully
guarded as well. 1t is not often that
we find such an excellent basis of
between the public
utilities, communities they serve and
those in position of official response
bility. Clearly the Southeastern part
of the United States is coming and
will continue to come fast. :"
George N. Tidd, of American Gas
& Electric Co., New York: "An en-
pire with a matchless climate and
great natural resources, traversed by
high tension power lines, vitalized by
power from it's many rivers, combined
with plentiful supply of one hun
dred percent American labor, can
not but surely bring about the bal
ance of industry and agriculture
which makes for health, happiness
and prosperity for ALL"
John C.. Maxwell, of Tucker, An
thony & Co., New York: "While it
might not be pertinent, the thing
which impressed me most were those
men / met who are running the va
rious units of the different properties.