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H. & S. B...
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29th. feb. 1916
572
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*34:
I stated in my letter to Sir Charles, of the oth instant, that the "Tancred" was loading, that I expected every moment to be presented with the documents of the cargu and that this would compel we to pay the Texas Company immediately; that is to say whether this Latter as between Lessrs. Reiss and my Company had been arranged or not, particularly as a second breach of our contractual obligations towards the Texas Jompany would probaoly have had disastrous conse- quences, not only for my Company but for all of us for British in- terests the first breach having been that my Company did not fur- nish the Jexas Company with a credit before loading. I referred
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to the matter again the following mail, the 14th instant, but this mail was probably not before you at the time you despatched your cable of the 22nd instant.
meanwhile, ur, ade Gardner will probably have told you that the documents were presented to me on the 21st instant, i.e. a day be- fore you despatched your cable. To my greatest regret I hadthus no option but to avail myself of the alternative to call upon the Guaranty Trust Company of this city to accept my bills, with which Company I had just previous (on Saturday the 19th instant) made a provisioml ar- rangement to do so. I had thld then frankly that, being in loyalty bound to finance the whole business through your Bank, I had to wait un- til the last moment for a definite reply to my letters to London.
This last moment arrived on Londay the 1st, as just mid, and it was only on this day that ur. Vade varaner wrote the letter to the G.T.0. I had asked him to write, signifying his assent to do the collecting part of the business; wlion condition I had from the beginning made a "sine qua non" with the quaranty rust Company (as I did in my conversation with the Lational wity wank, as I wrole you at the tile),
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