CO129-440 - Others & Individuals - 1916 — Page 574

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Jiver

310 L

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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

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your Bank might be compelled to hold up the funds colleoated or