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considering New York discount quite three percen-
tum lower London, propose we draw three months your New York office, as (an) exception; or, if preferable, we draw National City, docu- ments for collection your bank, approximate value hundredeighty thousand gold (dollars), including half freight willing finance but is considering my condition that business China remains your hands, not International; kindly infom Carroll." to which I added in the evening:
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National
"As drawing National City would set dangerous precedent for Texas insisting finance subsequent cargoes American Banka entirely, strong- ly recommend my alternative our drawing your New York Office." to the avoidance of which precedent I thought it adviable to draw
your particular attention. In fact, if I find another bank to do the financing, should you prefer not to let us draw upon your office here, I think we shall avoid the National even if we have to pay a higher
coumission.
I went to this bank because they know us (having financed our South American business) and particularly in order to lose no time by getting introductions to other banke, seeing that the Texas Company Leg at any time remind me that they are still waiting for this credit.
In this case I can tell them definitely that, should you answer in the negative, I would have another bank for them to fall back upon. I
am now trying to get some good introductions to other bankers.
I may add what I took the liberty to suggest to Mr. Gardner,
namely that I do think it advisable in order to meet the new American
spirit of competition for your Bank over here to grant American ship-
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pere, in exceptional circumstances and for bigger amounts, this alter- +
native facility or finance,