I
26..
Ir.
$.8
.......
..
Jiver
310 L
SMOGLJ JE¡ _:..
H. & 3. B. 0.
3
Suth. Feb. 1916.
573
in order to keep this, the China and the most important part of the business in your hands.
All this is referred to in my various letters to Mr. Hade Gardner, including the point that I have made no promise whatever to the Guaranty Trust Company as to future cargoes. I have also written him that it was understood, of course, that your Hongkong friends would be given the preference for all remittances to New York (in couverture of the N.Y. acceptances), and that, as a matter of form, I would write Messrs. Heiss & Co. to this effect, particularly necessary as this appeared to be in their case.
As to the pending arrangement with Messrs. Reiss & Co., I have not, as I wrote you, acquainted Mr. Gardner with this matter, beyond telling him in a general way that we were at variance with them over it; and as to this matter, I can do no better than hand you enclosed copy of my yesterday's letter to Messrs. Reiss in London, together with copy (enclosed therein) of my letter of the 25th to Mr. Hade Gardner, because this letter deals with the fresh difficulty which has arisen from the blacklisting of the Guaranty Trust Company.
Short-lived as this was, it put me again into a most embarrassing position with all people concerned, including the Texas Company, who, as all New Yorkers, look with pride upon these big institutions of theirs.
However, as I wrote Messrs. Reiss, I am in hopes of righting also this matter, expert as I have become by now in this line. In doing so, I shall have to take upon myself, on behalf of my company, a rather serious responsibility and risk which is no less than that, should, for reasons which nobody can foresee, the Guaranty Trust Company be once more blacklisted - absurd as this would be in all the circumstances - your Bank might be compelled to hold up the funds collected or
F
¦
1
I
26..
Ir.
$.8
.......
..
Jiver
310 L
SMOGLJ JE¡ _:..
H. & 3. B. 0.
3
Suth. Feb. 1916.
573
in order to keep this, the china and the Lost important part of the busi
ess in your hands.
All this is relerred to in my various letters to r. Hade Card- ner, including the point that I have Lade no promiss whatever to the Guarunty Trust Jompany as to muture cargoes. I have also written him that it was understood, of course, that your dongkong friends would be
iven the preference for all remittances to New York (in coverture of the M.Y. acceptances, and thut, as a matter of foru, I would write LOESTS. Heiss & Co. to this effect, larly necessary as this appeared to be in their oase.
48 to the pending arrangement with Lesurs. Leisa & Co., I have not, as I wrote you, aoquainted Mr. Gardner with this matter, beyond tell ing him in a general way that we were at variance with them over it; and as to this matter, I camet do better than hand you enclosed copy of my yesterday's letter to Lessra, keiss in Lendon, together with copy (en- closed therein, of my letter of the 25th to ur. Hade Gardner, becaus e this letter deals with the fresh diificulty which has arisen from the blacklisting of the Guaranty Fruet Jompany.
Short-lived as this was,
it put me again into a most embarassing position with all people emoent-
ed, including the Texas Company, who, as all New Yorkers, look with pride upon these big institutions of theirs.
·
However, as I wrote Lesers, Reiss, I am in hopes of righting also this matter, expert as I have become by now in this line. In do ing so
I shall have to take upon myself, on behalf of my company, a rather serious responsibility and risk which is no less than that, should, for reasons which nobody can Loresee, the Cuaranty rust Jompany be once more blacklisted absurd as this would be in all the circumi-
stances
-
your Bank might be compelled to hold up the funds colleoated or
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