Newspaper Page Text
2
You and every one else worth
reaching reads The Daily Georglan
and Sunday American. 1’»-( is one
of the reasons why they are
THE SOUTH'S
GREATEST
NEWSPAPERS
We present our compliments
to our hosts of patrons and
wish them prosperity and hap
piness during the New Year.
We thank them for their
patronage during this year,
and hope to serve them even
better in 1916,
BRANCH BANK
CORNER MITCHELL & FORSYTH STB.
For January Investment
State of Georgia 4!/ 's, 1945,
State of Georgia 31, s, 1927.1934.
City of Griffin, Ga., s's, 1922.1926.
City of Decatur, Ga., s's, 1036.
City of Canton, Ga., s's, 1932.1937.
City of Commerce, Ga., s's, 1932,
City of Covington, Ou., s's, 1938,
The above issues are representative of the class of
bonds we deal in and we are continually acquiring other
similar issues. If bonds of this character interest you, we
will be glad to mail you our circulars as we issue them.
For January Investment
20 shares Third National Bank.
15 shares Fourth National Bank
10 shares Lowry National Bank.
10 shares Fulton National Bank
| ————————" - ————————
.
Robinson-Humphrey-Wardlaw Co,
Dealers in Investment Securities
Third National Bank Bldg. Telephone vy 316
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GOOD INTENTIONS will not push you forward unless you
act on them. Intending to better yourself is one thing. doing it
another.
Getting money in the bank requires mtemmn&-—-& The prac
tical way to acquire a goodly sum is to save little sums Being a
Weekly Saver at the American National Bank will give you an
opportunity to act on your good intentions
LET THIS BE YOUR NEW YEAR'S RESOLUTION
RESOLVED, That Preparedmess would be s
good » policy for me as for Uncle Sam.
?’N:’!m- Nfln:su today, 1 shall become »
| Wee saver and deposit & certain sum every
i mh’iu A n:mp sccount at the American
| National Bank .
Alabama and Broad Streets
ATLANTA, GA.
I —————
You and every one else worlh
reaching reads The Daily Geor
glan and Sunday American, That
Is one of the reasons why they are
*
The South’s Greatest
Newspapers
Trade Divorced From
Politics, Asserts Peel
“I hear people say occasionally that
national politics in 1916 is going to af
fect business, but I don't belleve this is
true,” asserted W. 1.. Peel, president
of the American National. “Business
has become so big and powerful that
it 18 now practically independent of
politics, Uncertainty which precedes
the continuance of an administration
or a change of administration may
cause a little bit of speculation, but
it does not penetrate deep enough to
work real harm.
“Panics and prosperity move In
cycles, A panic is nothing but a
checking-up perlod in which a coun
try counts its follles In speculation,
bad business judgment and living be
yond the means., When a country is
prosperous, the people spend money
more freely and grow careless In other
ways. We swing from one extreme to
the other. Last year and the first part
of 1915 we were at the panlc extreme.
Now we are on middle ground and
moving steadily, but not too fast, tu
ward the prosperity extreme,
“When the greatest war in history
started, the bottom dropped out of
cotton, and the South was badly
scared, That situation had never
arisen before. We Immediately went
down to hardpan and then wa began
to bulld up again. I expect unulu;!l{
prosperous times through hard wor
and economy. In spite of adverse
conditions, our Atlanta bank clearings
are ahead of the last two years, which
business men of all lines are agraed
is most remarkable.”
. .
rThnft Saved Section,
\ e —
F. 8. Etheridge, president of the
Atlanta Trust Company, says the war
munitions trade will do less for pros.
perity in the South than this section’s
agriculture. He spald: |
“The outiook for business for the
yvear 1918 is, Indeed, very promising,
but we have only In an indirect way
felt the booming prosperity that has
come from the export of supplies and
war munitions. The basis of our pros
perity must come from our agricul
tural interests, |
“Our present prosperity Is due to
the fact that economy has been prac
ticed during the past year. Farmers
have ralsed their own supplies, bo--
rowed less money, received a better
price for their cotton, cotton ssed,
ete, and, of course, they have had
money to spend and business has been
good
“If our prosperity is to continue, the
policy of economy must continue, and
the “thrift campalgn’ now on must be
agitatedoand practicnd. The fear and
warning is that prosperity breeds »x.
travagance, and there never was a
time when our people need to be more
circumspect and cautious than now,
“The war has not ended, and we
must not forget the Invasion of the
boll weevil is before us, and it be.
hooves our people to raise food for
themselves and go In debt as little ns
possible, If this policy is pursued,
prosperity will come to stay, and wo
will be prepared for any and all
emergencies ™
Plenty of Money in
Banks, Says Donovan
“There is At present plenty of
money for constructive business en
terprises, and | expect the new year 1o
continue a steady upward climb.” de
clared George R Donovan, cashier of‘
the Atlanta Natiopal Hank. “Aas fu‘
As Atlanta is concerned, her holiday
trading showed just how prosperous
mompknn I was amaszed at
walk along Peachtree and White.
hall to see the great crowds of people
thronging the stores, and 1o hear ‘he
reports of merchants on the business
they had transacted |
“Proof that there is lots of money
for business is found In the fact that
the national banks have been borrow.
Ing very little, If any, from the Feld.
eral Reserve Rank. The member
banks have demonstrated that they
can stand on their own resources, but,
SRRt S I & sttt vep
great " A payc way
“The :lnkhc business has been
mtiafactory during the war ps
m and everything points to better
times ™
HEARST'S SUNDAY AMERICAN, ATLANTA, GA., SUNDAY, JANUARY 2. I¢l6
BANKERS PREDICT ERA -OF
I .
|
1
" PROSPERTY N NEW YEAR
i%(‘nttnn and Munitions Money Gives South Great
| Opportunity for Extensions—Continuance of
i Keconomy Urged as Section’s Greatest Need
. bv Financiers of Atlanta.
] Continued From Page 1.
‘months hence the same amount will
\
‘be paid.
~ The large corporations have also
sent out fat checks. Of the known
dividends, there is $624,051 on stocks,
and the bond clippings are estimated
at $1,376,000, .
Atlanta banks have more money in
their vaults than ever before. Last
year they did not have the money and
the interest rates were higher; this
year a flood of money came in from
Europe for cotton and munitions, and
Eastern money at low rates made it
impossible for the banks to get their
former rates.
Economy ""F to Business,
The average 1015 rate is said to be
6 per cent on commercial. loans,
which is 1 per cent lower than last
year. There is plenty of money for
loans on good security or where bank
balances justify short time accom
modations. Businesses are needing
less help this year because they have
been through a season of economy,
but there is sufMicient money for them
and for new enterprises. Salaried
people are better able to pay up their
notes than last year. There are
fewer extensions, but extensions can
be had when the circumstances war
rant, .
Much less money has been borrow -
ed from the Federal Reserve Bank
because the member banks do not
need ald this year. The Government
bank has created more confidence,
however, and If it is ever needed in
& crisis its great funds will be ready.
Savings D:‘%)sits in
“Eight months of scrupulous sav.
ing by the people in this gection has
fut them back to the normal corfli
torr existing before the ocutbreak of
the European war,” declared A J.
Hansell, cashier in charge of the say
ings department of the Third Na
tional Bank.
“My institution now has more sav-
Ings deposits and a greater total in
them than ever before. We are at
present galning from 300 to 400 ac
counts a month, and 1 don't expect a
let-up. We have never fallen behind
Confidence is now restored and we
are on the eve of a great industrial
ern.
“1 hear that the merchants sxpect a
heavy demand for thelr new spring
stocks and that the real estate men
look for a revival in all kinds of buy -
ing and trading. This is true of other
lines. 1 have talked with hundreds
of savings depositors, and they are
practically of the same mind ™~
U. 8. Prosperity Seen
. .
With Peace or in War
-
A B Bimms, vice president of the
Fulton National and one of the
:oual-! Atlanmia bank ofMicials in a
igh position, declared that he ex
pects the next three years to set a
new record in the prosperity of Amer.
e peaen e cclaredger
» t peace e war
continues™ sald Mr. Simms, “it wil!
make no difference with business in
the United States. We are in an un
usually strong position to feed and
clothe the world and at practically
our own prices
“The South's recuperative power in
the cotton situation has been won
derful, and now we find that we are
able after & hard year 1o finance fu
ture crops puccesafully. High cotton
Prices, A great increase in savings
oash for goods bought and better sal.
Aries for many workers who are help
ing to supply BEurope will contribute
10 the result ™
. .
Big Business Ahead
Continued From Page 1.
of s manufacturing concerns and
18 general policy mm in
this direction is y 10 meet the
m-um that conditions have
t into s way.
As 1o the wholesalers, these ho'd
the same views and are as it weie,
the mediums through which Atlanta
made producie are distributed Every
one, both mn-m‘:m and whole
waler, foels that, by Tational co-opers -
tion, patronage of home trade firs
and continaed enterpries Atlanta witt
Increase phanomena’ly ite manafac
turing faciiities during the com'ne
your and, by so dolng. wi'l add
the general wealth of the enlire
Bouthoast = , 2
STATE OF GEORGIA 4!,°. Bonds, due 1945
CITY OF AUGUSTA, GA., 4. Bonds, due 1944.
CITY OF CAMILLA, GA., s',' ' Bonds, due 1927.28.
CITY O;PAVO. GA., 5° . Bonds, due 1917.1923.
CITY OF NICHOLS, GA., 5. Bonds, due 1938,
CITY OF BLUE RIDGE, GA., 57 Bonds, due 1938,
CITY OF ALBANY, GA., 4" Bonds, due 1931
CITY OF ADEL, GA., 5. Bonds, due 1937.
.Olfld olg“mwxmmu GA., 57 Bonds,
| ue .
CITY OF OCILLA, GA., 5 Bonds, due 1923.32.
CITY OF ARLINGTON, GA., 5. Bonds, due 1923.24.
FLOYD COUNTY, GA., 4', - Bonds, due 1921.1045.
SOUTHWESTERN RAILROAD STOCK.
GEORGIA RAILROAD & BANKING CO. STOCK.
- JOHN W. DICKEY
i AUGUSTA, GA
Asa G. Candler, head of the Cand-‘
ler interests, expressed to The Amer
lcan his belief that an era of great
prosperity i{s in store. He said there
might even be danger that too much
prosperity would be passed around
and the producers would suffer from
“baths in blubber.”
Preparedness Help to Trade.
Mr. Candler considers preparedness
against war necessary to the suc
cess of American commerce, and
along this line he sald:
“No man who has extensive busi
ness interests feels safe as long as
there {s a prospect that a foreign
horde will start an Invasion. We pay
taxes for protection, and we want to
feel safe against dangers. It is not
%0 much a question of how much we
pay, but whether we get adequate
protection. American commerce and
trade will not come into their own
until the Government spends enough
money to protect its merchant ships
with an adequate navy and its coast
cities with the proper fortifications.
“If fleets of the other nations are
superior to ours, we should build suf
ficlent submarines and we should
equip ourselves properly with air
craft. Nobody is apt to bother us as
long as we can take care of our
selves, but if we are weak we are
apt to find enemies in any quarter.
I can easily conceive hdw it would be
possible for New York, the heart of
America, to be captured, and | think
.that with our commercial extensions
we should consider the proper means
ol‘rrotecuon." :
he opinions of other leading bank
ers are given herewlith,
-
A, P. Coles Sees High
.
Prices for Cotton
“There can be no doubt that the
keneral hysiness olitjook fer the com-
Ing year is far better than was anticl
pated a few months ago,” declared A.
P. Coles, vice president of the Central
Bank and Trust Corporation, and
manager of the Candler warehouse.
“Money Is plentiful throughout the
entire country. Business has been
good during the Christmas holidays,
and everything points to a continua
tion of activities. |
“High-class securities have made
material advances, and indications
point to even h:m prices.
~ "The cotton situation in the South
is satisfactory. A large percentage of
the 1915 crop is still in first hands, and
‘lhmummd reason why farmers
and merchants should not realize
higher prices for the remainder of
the crop.
“American mills are not well u:;
plied, and in a short while will
forced to go into the market and buy.
Europe is rapidly consuming its stock
of cotton, and will have to lpok to
America to replenish. The cotton
goods market is active and advanc
ing, and stocks have become consid
erably depleted. Increased cotton
acreage is improbable.
“Purchases of mules have been
modest, and it is impossible for farm
ers 1o secure rau.b for fertilizers,
--mn::.:n nto consideration, cot.
ton s p At the present prices,
and appreciation of cotion values will
add to the general Increasing pros
perity of the South™
.
Showcase Business
.
Outlook Is Bright
By P. J. MeGuire, of the Atiants
Showecase Co.
The ‘ast three months of 1915 were
very prosperous In the showcase
business with usa But the greater
part of the year was unceriain and
poor. This was due to the low cot
ton prices and general hard times.
Collections, however, were fine. Al
present we are receiving nice orders
and things rapidly are resuming &
normal state. We anticipate a big
business the coming year ‘
At 'I.I: time of m':::”fl.m
tourist business starts are
m:u‘u will be nr:..o‘ One :
ihe drawbacks s 1 high price
giass and the other material used
in the manufacture of our line. The
;‘om imported from Belgium and
ranes, can not be obtained swing to
the mum-g.Mu of the factories
there and t shipment of the prot.
uct of the American factories abroad
The mun'tions bDusiness hurts us
in that 1t has put the cost of Drass
and other esssentials out of sight
Neither can the mabhogany stain be
put on showcases nm...u- the Tm.
roasibility of oblaining the necessary
ol dye Prom OQermany.
; .
Pendulum Has Swung 1
. . |
Its Swing, Says Davis
)
e |
Henry W. Davis, vice president of
the Lowry National, thinks the de
pression pendulum has “swung itsi
swing.”
" “I believe this country to be on the
eve of the most prosperous era it has
ever experienced,” he declared. “Hav
ing gone for the last three years
through a period of great depression,
we begin now to feel %each day the
effects of giant strides in the field of
large and varied business interests.
“The nation having recovered from
the financial upset and uneasiness re
sulting from the unsettled conditions
abroad, it has started on a period of
renewed confidence In itself and its
own resources. We are feeling again
the throb of renewed energy and ac
tivity in all branches of commercial
life, and there seems to be no reason
why conditions should not continue
to improve from this time on. ‘
“From all sections comes news of
great strides forward in business.
There is no longer any mark-time
movement in our business life. Parts
of the South known heretofore only
for cotton production have taken up
diversification with a vim, and good
results are sure to come,
“The warehousing plan started by
the banks makes it possible for the
farmer to hold and sell his crop to
better advantage and to meet a move
ment in other sections to depress the
price.
“With the strength and security of
the Federal Reserve Bank behind
them, the national banks feel much
more confident in dealing with condi
tions which otherwise might cause
them embarrassment.
“Every sign points to a good yvear
ahead and a steady climb into a pros
perity that this country has never
known before” 3
Saving by People Is
Needed, Says Ottley
“There is every reason to belisve
that 1916 will ke a very successful
year in nearly all lines of business,”
declared Johm K. Ottley, vice presi
dent of the Fourth National. As far
as the South is concerned, cotton has
come back into its own and made p
for the drops which followed the doc-‘
larations of war in Europe; our farm
ers have diversified their crops and
sent less money out of this section;
the banks have loaned large sums An‘
cotton and enabled the farmer 1o
finance his future crops, and !ho‘*
South has had a fair part of the mu
nitions money that Eufope has poured
into the United States. - |
“And now we hear that a French in
dustrial commisison has started a tour
of the United States and will come 1o
Atlanta next month tc place orders for
machinery to set France quickly back
into her former state economically.
There is no reason why Southera
manufactories should not make a g 0.4
portion of this machinery, and If they
do they will probably get cash for it
“In all lines there is evidence of &
business reawakening that promises
great things. 1 do not look for a boom
n‘r because of unsettied conditions,
t 1 expect a good measure of proa
perity for rooplo who work hard,
spend Judiclously and save part of
what they make.
“If there is any one thing 1 would
recommend to the average individual,
It IBto be conservative. When finan
clal stringency or uncertaints comes,
it is poor time to live beyond our
means ™ .
Buyers Anxious for
.
Bargains, Says Adair
“The real estate market is not so
resilient as the stock market, and,
therefore, is much slower in recov
ering. That It is recovering, how
ever, no one doubdbta™ declared For
rest Adailr, of Forrest & George
Adalr. “Throughout all the depres
slon, a period of three years, there
WAS A strong spot-holding disposi
tion, and few owners were willing to
sacrifice. The truth is that any good
property offered at a real sacrifice
immediately found a buyer, and came
into possession of strong hands.
“The real estate purchaser of to
day has a clearer outlook, has fewer
obstacies to becure his vislon, than at
Any time in years. The speculative
clement fa gone, and vaives are flg
ured on an investment basis or on
that of actual use
i “Right now renting mpn{ is in
‘dc-and. and sells readily. Vacant
iots are net In much demand, but at
tractive homes offered at concessions
find ready u:g- Money is 80 plen
tiful in the fers, crops so Abun
dant and profitable, the metal indus
tries 8o overrun with work, that abso
lute recovery Is only & matter of time
“Bullding statistics, rising bank
clearings. increased postal receipts
are symptoms that can not be in
nored. Localising these conditions, |
o::uu say that Atlania real estate
tas for aLn time been on the dead
conter, and the year 19146 will see it
teginning to move ™
T}\e Fourt}\ Natmnal Banlc
Extencls New Year Greetmgs
to the thousands of friends. old and
new. with whom it has had the honor
of doing business during the past year.
May the very best success and happi
— 7Y DEOt success and happi
ness ln tlu ]ot of uck anJ a" of tlum
Juring Nineteen Sixteen.
Fourtl\ Natlonal Banlc
WYATT COLLIER ESTES, BARRY COTHRAN,
ESTES & COTHRAN
Cotton, Oil, Stocks, Grain, Provisions, Coffee, Sugar
. Members
New York Cotton Exchange,
New Orleans Cotton Exchangje.
New York Produce Exchange.
Chicago Board of Trade.
Offices:
Atlanta: 229.230 Candler Building. Shreveport, La,
Ceorrespondents:
Shearson, Hammill & Co,, Shearson, Hammill & Co.,
New York. Chioage.
Thorn & Maginnis, New Orleans.
»
Right--Save Money
( Only you who found yourselves without money
at the close of 1915 know and appreciate the mean
ing of your failure to save.
( Don’t be among the sad ones when 1916 is over.
~ Get in line NOW! Start the New Year RIGHT—
‘ {Open a Savings Account at the THIRD NA.
TIONAL BANK. One Dollar starts it; after the
start the rest is easy.
(We are going to distribute over $15,000 in in
terest to our savings depositors right away. Come
in now and share in the next July and January dis
’ tributions.
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f‘ \’s.mflflmm~ LR 2 SNy
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- LA R 2187
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? v Xflr Savings Safe Here
Third Nati
Third National Bank
| Marietta and Broad Streets.
l Capital, Surplus and Profits $1,930,000.
| 508 Tots & Urwint Gomatie. A o Sudonts, Jona W. Srens. J. o L
Ayers. W. B. Symmaers and A, J. Mansell .
TR
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\"(.J:%(;’7
Best wishes to our friends and
patrons for the coming year.
The Lowry
L
National
Bank
Pryor and Edgewood
Atlanta