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Billy Carter — Part 10

37 pages · May 21, 2026 · Broad topic: Politics & Activism · Topic: Billy Carter · 37 pages OCR'd
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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
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