This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
Political connections bail out Georgia banking giant
The Farmers Home Administration backed a 90 percent guarantee on a Delta Diversified loan for carpet maker James Barbie after intervention by an aide to Senator Herman Talmadge and meetings with FmHA and Agriculture Department officials. The loan, tied to prior C&S financing, aimed to salvage the troubled Delta and repay earlier loans, but the government faced a potential $2 million loss. Barbie’s ties to Carter allies and C&S actions drew sharp criticisms as the bank later faced renewed pressures and Delta collapsed.
MENTIONED IN THIS ARTICLE
Bruce Ingersoll
Chicago Sun-Times
Atlanta
Farmers Home Administration
Citizens & Southern National Bank
Herman E. Talmadge
D-Ga
Michael McLeod
Senate Agriculture Committee
Talmadge
Agriculture Department
Fmba
Toppeal
C&s
Carter
FEC
Barbie
Delta
Georgia Ports Authority
Fmha
Better Government Association
C&s Financial Corp
Farmers Home Boys
Barbre
FIHA
Delta Diversified
Richard Kattel
Kattel
U.S
FKHA
McLeod
Jim Barbie
Hamilton Jordan