CO129-440 - Others & Individuals - 1916 — Page 616

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Hessrs. Reiss & Co., Hongkong.

14th April 1916.

Fare 5.

615

I sent these demands, namely to bind them, in spite of your acceptance of their regular form of contract jointly with us, to a contract of 3 to 5 years. Moreover, I granted London 1/2 % more than what you accepted, well as I might have withdrawn this offer because London, in spite of it, refused to accept and came forward with new demands ¦

Well, the Texas Company do indeed resent these and are Ereatly dissatisfied that this simple matter is not settled even now, and they will most decidedly not assent to any other contract but the Joint Agency Agreement proposed to you by them and my Company.

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Apart from these two letters of mine, Nos; 4 & 5, I showed them both the June 1915 Agreement between you and my Company and the one proposed to your London people, sa embodying the terms enumerated on page 3 of my No. 5; including the clause four in both agreements, all of which they find quite reasonable, as would of course everyone who does not expect of the other to accept conditions which are unrea- sonable and which he himself would not accept of anyone. Etwever bạn

objection;

anyone expect to have cancelled a fundamental olause like this clau se four of all clauses, a clause signed at the time without the least

just, usual and reasonable as it was and is at all times.

Some one in London, in whose judgment we have great faith, has suggested to my partner, Mr.Carroll, that your London people's insis- tence on a contract for a fixed term of years, frou three to five years, arose perhaps because they feared that the Texas Company's disinclination to give a contract for more than a year at a time covered a design

to return the business to the Germans after the war; and I was glad,

indeed, to be able to put forward to the Texas Company at least some ex- planation of London's strange demands.

Business people, like the

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