The Caucasian. (Shreveport, La.) 1900-192?, 1910-09-25

pan HlldllSISlo " DC IOISdi HISd.- NOW
what are the American fnanciers going
to do to prevent disaster from coming
and undermining the Republic?
LONDON AND CONTINENTAL
BANKERS.
A dispatch from New York on Sep
| TENDER ii conveys the intelligence that
! London and continental bankers refuse
to accept cotton bills of 1ading and will
make no statement as to why they re-
fuse
Now can the American Bankers As
ISOLATION cotton bills committee give
forth. any reason why London and con
tinental bankers should take this stand
Why this call down?
From the cotton exporters with
headquarters at Memphis: 1T is the
concensus of opinion, that a satisfactory
arrangement will be made before the
expiration of the present agreement, Oc-
tiber 81, and that the cotton trade be-
tween the two countries will suffer but
| little"
Now, which country is going to get
the suffering? It stands to reason that
American should not get it..
This country has. the cotton and the
American Bankers Association cotton
bills committee should not be overawed
by the London and continental bankers
Let them go hungry for that cotton Let
them want Foreign influence is per
nicious and it is unfortunate that the
conference is to be held in London. It
| is hoped that the Americans sent to at
tend will not be sacrificed on cotton
bales.
When it is declared important for
many reasons to comply with the Euro
pean bankers suggestion that American
banks guarantee the American bills of
lading, it can be asked: Is that what the
Americans want?
Now look here. Why is it important
to comply with a foreign suggestion
which will not be to the advantage of
the United States?
1t would seem that American hnan-
ciers have gotten little mixed up on
banking propositions.
Also on September IA came the news
that big New York banks lose thous-
ands in loans to hop dealer, Rothbarth
& Co., with offices in London, Frank
fort and St. Petersburg, has since 1907
been furnished money by the New York
banks. Now listen American bankers
lent to a foreign firm, Rothbarth & Co.,
sums such as $4,000, $4,000, 100000,
without the least conjunction of CON
science. But the London and continent
tai bankers fatty refuse to honor Amer
lean cotton bills of 1ading
Presumably the foreigners has it all
his way
Now hops are used in making beer.
Would the New York banks lend so
freely to any american firm?
Let us put this and that together and
note the result.
On September IA, 1910, the New York
banks lose thousands of dollars in Eu-
rope and England
On September ii, 1910, the London
and continental bankers refused to ac-
cept cotton bills of lading
Certain sure, the willy London and
continental bankers are not fiat footed.
1t was so nicely polite for the London
and continental bankers not to rudely
wape up the dazed American bankers
by telling them: You have been looted
of SO much money that we can't afford
to trust you. There is not gold enough
in your country to meet its demands and
our demands.
It seems to be generally acknowl-
edged that there must be a gold reserve
to insure prosperity.
Can not the New York banks, who
so kindly accommodated Rothbarth &
Co, get gumption enough to keep the
gold in their own country?
Turn the London and continental
bankers down. Uphold the American
cotton growers.