Newspaper Page Text
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IBG Group
To Hear
Of Projects
Georgia’s small-townbanks,
which felt threatened when the
state’s legislative balance
tipped to the metropolitan
areas, incorporated in 19G9
to hold the line on big-bank
branching and holding company
expansion.
But three year after the In
dependent Bankers Association
of Georgia was formed, the gr
oup’s activities no longer fall
exclusively into the "agin”
category.
The IBG is "for” a number of
self-initiated projects, all of
which are designed to keep the
small bank ablive and compe
titive against the spread of the
giants from Atlanta.
IBG members —212 strong—
include the Bank of Cumming
and the Forsyth County Bank.
When officers of these banks
convene at Callaway Gardens
Sept. 12 -14 for their annual
meeting, they will hear about the
group’s new retirement plan,
offered not only to member
banks, but also to their business
customers.
Members will also learn
about the group’s new blanket
bonding program, devised in the
face of growing small-bank ro
bberies which have made it
difficult for the banks to obtain
individual bonding.
The bankers will also be in
formed about the continued
growth of several cooperative
data-processing centers thr
oughout Georgia which are
speeding the financial records
of the banks at reasonable cost.
And, of course, the IBG’s
political-action arm is still at
work, persuading the legisla
ture that unlimited branching of
big banks and ownership of sc
ores of banks by large holding
companies is not in the best
interest of Georgia’s citizens.
W hat does this activity really
mean to the average John Q.
Citizen?
Many financial experts, as
well as small-town bankers,
have long maintained that when
large banks can spread at will
and small banks are forced out,
small businesses and indivi
duals who need financial back
ing inevitably suffer.
Nunn , Gambrell Debate Sunday
ATLANTA— Senator David
Gambrell and State Representa
tive Sam Nunn will go before
the WSB Television cameras S
unday night, Aug. 27, at 6:30 to
"debate the issues” for what
may be the last time prior to
the run-off election Aug. 29.
The two aspirants for the sen
ate seat, previously held by the
late Richard Russell, have been
crisscrossing the state since
the primary election and have
engaged in many live television
debates.
The experience gained should
make this debate the most in
teresting and informative of the
run-off race.
The debate will be moder
ated by WSB Television News
man John Pruitt and questions
recorded on film and on audio
tape, from news media people
from around the state as well
as questions from man-on-the
street interviews will be sub
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The branch office of a large
bank in a city, perhaps hundreds
of miles away, cannot be as
concerned about the businesses
and people of a smaller comm
unity as were the bankers who
lived in that community. Indi
vidual bank loans drop; small
town business slows down.
The IBG believes that healthy
small banks mean a healthy
Georgia economy.
The retirement plan, most
ambitious of the projects, was
first offered this spring and
includes both pensions and
profit-sharing. It is designed to
aid small banks in attracting
bright young executives and in
offering a more fruitful "golden
years” to long-time employees.
The plan will handle all book
keeping for the banks and of
fers trust services to banks too
small to have their own trust
departments.
In addition to the banks, the
retirement plan is open to the
bank’s corporate customers,
offering them the same indivi
dualized, tailor - made pro
grams.
To develop this plan, the IBG
is working with such prestigious
companies as Reynolds Sec
urities Corp. and Thorndike,
Doran, Paine and Lewis. The
latter, an investment counsel
ing firm, handles only large
accounts and sees unlimited po
tential in the IBG project.
The blanket bond will sub
stantially reduce costs of bond
ing to the individual banks, with
financial savings alsotheaimof
the cooperative data-process
ing. The cooperative centers
are also doing check-printing
and advertising.
This fall, the IBG is looking
forward to sponsoring a series
of seminars for the small-town
banker, showing him ways to
offer better services to his cus
tomers while maintaining a
healthy financial foundation.
In retrospect, the legislative
reapprotionment, viewed with
dismay be all rural residents,
may have been a mixed bles
sing, spurring the small-town
banker to think of his business
future in a more positive way.
mitted to Nunn and Gambrell.
The candidates will not know
what the questions are until
they are asked during the de
bate.
The hour-long debate will al
so give the candidates an oppo
rtunity to question each other
with moderator Pruitt making
sure the questions and answers
don’t turn into political
speeches.
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BOBBY (.11 111 K I
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PAGE 4
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I would like to take this opportunity to express my sincere appreciation to the voters of
Forsyth County for the confidence they placed in me on August 8 by casting the largest
number of votes for me for the office of Tax Commissioner. I also appreciate the reception
which I received from you while campaigning for this office. I also appreciate the manner in
which my opponents ran their campaign. I feel they ran a clean campaign with the interest of
Forsyth County in mind. It will be impossible for me to see each of you before the run-off
election, therefore I am again asking for your vote and support in the Democratic Primary
run-off August 29. Remember and support me again on August 29 and I will remember
and support you for the next four years as your Tax Commissioner.
DONALD M. MAJOR
Your Vote and Influence Appreciated
IF ELECTED AS FORSYTH COUNTY TAX COMMISSIONER
I will make every effort possible to eliminate the waiting lines for paying property
taxes and purchasing auto tags.
1 will carry out the duties of Tax Commissioner in a courteous, business-like
manner.
I will assist all the taxpayers in obtaining maximum benefits due them as set forth
by our existing state laws.
1 will make every effort possible to collect the taxes that are due the county*
I will work with the tax assessors in obtaining equal taxes for all our citizens,
I will work with you, the taxpayer, and assist you in resolving your problems.
Your problems will be my problems if I am elected as your Tax Commissioner.
The office of Tax Commissioner will be open extra hours during rush periods, to
better assist our citizens who have public jobs.
REMEMBER AND SUPPORT ME ON TUESDAY AUGUST 29,
AND 1 WILL REMEMBER AND SUPPORT YOU
FOR THE NEXT FOUR YEARS AS YOUR TAX COMMISSIONER.
X VOTE FOR DONALD M. NAIOR
IS X VOTE FOR THE TAXPAYERS
OF FORSYTH COONTY
Vote For
DONALD M.MAIOR
FOR TAX COMMISSIONER
FORSYTH COUNTY
DEMOCRATIC PRIMARY
RUN-OFF AUGUST 29