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3.
O LA IN
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by London office.
*Sanders care Sarrecord New York" is the address.
I have
In my letter of the 2uth ulto., I have Lade you a clear pro-
posal of terms, which are the best terms we can possibly offer. I
have fully explained why, and why they are fair and equitable.
also put before you, in that letter, the plain facts of the case unvar-
nished because your Hongkong manager adopted the same attitude and I
had to deal with him, you having shifted the venue to Hongkong; in fact
Lr. Holyoake went much further in his desire to reach a settlement to
this liking, vide the cables from him which you passed on to my Company
in your letters of the 21st & 24th January. I ask you to re-read
these letters and then judge for yourselves whether what I wrote was not
justified in face of kr. Holycake's attitude.
Even so, however, I stated in my letter that ir. Holyoals
was probably misinformed about the real position; to which I add today
that he was probably also prejudiced, and his mind poisoned, by the ab-
surd and malicious rumors in Hongkong about my Company.
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←
I should like him to visualize most of all the important
fact - which seems to have been little appreciated that the Texas
Jompany an American Company are the predominant people in this,
their own, business; and, this being the case, that both Lesers. Reiss
& Co. and the Hong kong bank, with all their combined prestige and
power. with their justified pride, looking backwards, must perforce
take second place in this matter not to mention uy own little Company.
Jonsider please that this Texas Company is in business for
purely utilitarian purposes and that all they care about is to sell
their goods through my Jompany, their agents by contract.
are we their agents by contract, but this fact has been consistently
Only on the 25th of last month,
*
upheld by all that passed under it.
Not only