CO129-440 - Others & Individuals - 1916 — Page 662

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Mr, Fade Gardner

May 3rd, 1916.

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of the business be handled by your Bank and successfully upheld this in spite of the Trust Company's subsequent justified request to waive this demand of mine.

I am therefore at a loss to know what to do in regard to thin point, and will see you about it, as it is obviously my duty to infor the Guaranty Trust people, who will of course inaist more than before to let the Hongkong part of the business be handled by the American bank referred to.

As to the second part of the cable:

"Hongkong Government refuses port and osble facilities any agency in which Sanders Rehders are consered"

I so far did not tell you may thing

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purposely as you know - about our negotiations with Messrs. Heiss & Co. and the Texas Company in regard

to the appointment of the former, jointly with us, as the agenta of the latter. I only told you that Messrs. Reiss might not omtinue to handle this business after the 30th June and the Quaranty Trust Company wrote you to the amme effect.

However, in view of this cable, it now is sy painful duty to inform you that your Hongkong friends are lending themselves ** noon- sciously of course - to help Mesara. L. Reiss Broa, & Jo., London, and in turn desara, Heiss & Co., Hongkong, not only to commit a serious breach of contract, but wrongfully, and under pressure of the threats contained in this cable, to exclude us from a business which we placed trustingly into their hands.

I put the London fim first, because it was only on the 4th March last that the Hongkong fimm cabled both to the Texas Jompany and Be their acceptance of the proposed Texas Agreement jointly with us.