Reader Ad Slot
Reader Ad Slot placeholder
If you would like to support SpookStack without paying out of pocket, please consider allowing advertising cookies. It helps cover hosting costs and keeps the archive free to browse. You can change this choice at any time.
Billy Carter — Part 10
Page 35
35 / 37
SQ
rer
ce)
GEORGIA AD 10 MAKE PIYCH FoR SomE ARAB OIL MONEY
. Your months from now, Come 25,000 businvas-minded Avaba wil) pick
Up A opecial edition of Forbes' Magazine and read a warm message from
@ emi}ing man
on the back cover,
“This man offers you a new world of. investment opportunities, =
the color advertisement, featuring a ckyline Picture of Atlanta, will
script. "George Busbee, Governor of the state of
say in Arabic
Georgia, welcomes Arabian investors.,.Cov, George Busbee of:
Georgia, U.S.A,"
Part of a $90,000 international advertising campai
way in Georgia, the Forbes ad signals the state's first offict:
in a worldwide game--the quest for
in Arab oi] money now ava:
able fo!
“They (the Arabs) have got- so
Somewhere, and right now they just
observed Gen,
Louis Truman, who, a
Community Development, directs the
fers you
Gn already under
al play
achunk ef the billions of dollars
r investment,
much money, they've got to put it
don't know what to do with it,”
S Commissioner of the Department of
State's investment-luring programs.
“They've made such huge profits off their oil recently,* Truman
fortinued, “and we'd certainly like to See some of that money come
ere,” . . . .
Truman is not alone in that desire, -
As Robert Chamberlain, vice President and Manager of the internationa?
the First National Bank of Atlanta puts it: “Let's face
department of
At. Anytime anybody's got t!
itis
hat much money, everybody's interested iq
Like other Georgia banks, Chamberlain explained, Pirst National has
ti
made a cor:
But, he says,
: “Historic
banks," he sai
in the world,
it's a tough, uphill
ally, the Arabs have
"and they've only
making very g.
nuing elfort to make itself known among the Arab nations,
fight.
invested their money in about 35
Geait with the very largest. banis
‘iophisticated investments in Stocks and bonds.”
Now, “Chamberlain, and other Atlanta bankers agree, there is a éreat,
in Several countries, and the expertise ary sophistica-
deal of money
tion“in dealin
“Real est:
Chamberlain sa:
Z with
‘ate people from here
‘and’ placing those funds is “quite diverse.”
are. constantly going over there,~
id. “Everybody is looking for that money,“
Some Arab money has already come to Georgia, or made an attempt
to do so.
The Hilto,
of Atlanta Mot.
ibly oil-rich little nation
And it wa:
is th:
lines at Lockheed rolling aga:
ordered,
is the
Ifa
everything they read in
Even so, another ru
at the shah has off,
m Hotel under construction on the cite of the old Heart
el, for instance, is
partially financed by the incred-
t
of Kuwait,
Steep prec recently that the shah of Iran was interested
in purchasing stock in Lockheed-Georgia, but Lockheed turned hig dong:
mor circulation in Atlanta financial circles
ered to put up $750,000 to get the C5 assembly
in, 50 he'can have the planes he has
Community develapment People hope, the Arabs believe
keep their money out of the state,
"A State with
advertisements, it would seem hard for them to
transportation and distribution facilities Providing
Global accessibility,” the Slossy ad says, “4 State with full service
Offices in Tokyo and Br
the werld.*
vssels, Serving nations and companies throughout
The sheiks will also read that Georgia {s "the location for offices
of more than 100 multi-national companies...(with) 37 consulates and
Bovernnental trade offices, fine banks and international legal and
Accounting firms,”
MARIO LEANZA REALTY COMPANY
281 12th STREET, NE,
ATLANTA, GEORGIA 30309
104) tH
S75 Gf
Community corrections
No user corrections yet.
Comments
No comments on this document yet.
Bottom Reader Ad Slot
Bottom Reader Ad Slot placeholder
If you would like to support SpookStack without paying out of pocket, please consider allowing advertising cookies. It helps cover hosting costs and keeps the archive free to browse. You can change this choice at any time.
Continue Exploring
Agency Collection
Explore This Archive Cluster
Broad Topic Hub
Topic Hub
federal bureau
fbi
investigation
two fbi agents
letter
Related subtopics
Subtopic
Subtopic
Subtopic
Subtopic
Subtopic