CO129-440 - Others & Individuals - 1916 — Page 585

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their hands pretty full in stopping all the Lischief caused by our ultra-patriots. The present mischief emanated from Shanghai.

Loathing as I do my extended stay over here amidst all the se

difficulties, which keep me from returning to my post of duty, at the head of the business and by the side of my family, in these times of

all times, a redeeming feature is, perhaps, that I am living in an atmosphere leas clouded by prejudice and egotism than that prevailing in the belligerent countries of Europe. This makes for a clearer

perception and enables one to deal with matters objectively; and I can only say that, putting an American Bank like this one on the "blacklist

subscribers as they are to the Anglo French loan, offering it even now to their clients for investment is absolutely inexousable, and

that, when the economic history of the war is written, these and simi-

lar incidents will not redound to our credit. We should really leave

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such stupid ultra-patriotism to the Germans.

However, to return to this fresh difficulty, as you will see

from the enclosed copy of my last letter to Mr. Wade Gardner (25th inst.))

all my endeavors to keep the important China part of the business in British hands entirely in yours/ours and the H. & S. B. C.'s have

once more been upset, although I hope to right also this matter, having

by now become quite an expert in this line. The Guaranty Trust, re-

senting this aspersion, has now asked me to withdraw my condition,

striot as it wea, that the Hongkong Bank retain this business; and their ground is a reasonable and strong one (see paragraph 1 on page 2 of the copy).

Mr. Carroll writes me that you resented having been rushed

into our present agreement and signed the clause debarring you from

touching this business without our consent, The fact of the matter

t