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when I gave Hongkong the required P/A, the Texas Company wrote me:
"Meantime, this Power of Attorney will in no way alter the arrangement between your firm and the Texas Company, as per our Agreement of 1915, or of the responsibility of your firm to the Texas Company under auch Agreement, at least until such time, if at all, as Mesars, Reiss & Company and your fira jointly enter into a superseding agreement with the Texas Company. 11
and it goes without saying that the new cargo has not been consigned to your Hongkong House but to my Company, and that my Company is, as just stated, responsible to the Bank the Guaranty Trust Company which accepted my bill1 of 375,320.14.
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Const der further that the difficulties caused to the Texas Company by Shewan, Toles & Jo., by kr. Cheetham's resignation, by
r. Douglass' cable that my own Company was going to be declared a German firm and by the same gentleman's cable that the Hongkong Bank would close the Texas Co.'s godowns and suspend the agency (!) have irritated them considerably.
Picture all this to yourself, if it is possible for you in London to do so, and you will get some idea of the extraordinarily difficult and unpleasant position all this has put me into, who has to bear the brunt of it. And, as if my cup of bitterness is not full enough, no sooner had I financed the cargo with this AI AI American bank, of which New Yorkers including the Texas Co. are justly proud a concern with a capital of twenty million and surplus of twenty mil- lion when I was told that it had been put on the British blacklist ! The fact that this ban was promptly removed, 1.9. within thirty-six hours (by the Foreign Office), makes it not less repellent, nay as- centuates the absurdity. I dare say, our Secretaries of States have
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