The sun. [volume] (New York [N.Y.]) 1833-1916, 1913-12-29
FEDERAL INQUIRY ON
Refusal to Take Part in San
Francisco Fair Is
Part of Plan.
BATTLE IN SOUTH AMERICA
Opposition in Argentina to New
York Bankers Plans Laid
to the Fight.

W tUc TISUus
WASHINGTON. Dec - -- Information
has rea"iied Washington that Great Brit
offensive and defensive commercial all
ance against tho United States These
two Powers, according to Information re
ceiNed here. are operating under an asres
mont that is designed to check the
growth OF American commerce in ever!
market III which il competes with Ger
man and British interests
/, is UNDERSTOOD that ths Government:
has instituted AN inquir: through d.plo.
matte channels to determine just how
far reaching is the score and purpose o.
tbs Anglo-';erman alliance.
Two recent developments hearing on
American trade are said to point con.
clusively to the existence of AN agree
ment between Great Britain and Ger
many to resist to the utmost the endeav-
ors of this country to broaden and cx.
tend it's foreign market
The first was the refusal OF Great
Britain and Germany to participate 10
the exposition to be- held in San Fran
cisco in 1915. The second was the abau-
donment by the National city Company
of New York OF its plan 20 establish n
big branch III the Argentine Republ,,
Despite the denial made by President
Nauderlip OF the National City Bank tn
statement is made here that this insti
tuition was threatened by German and
British interests and that accordingly II
abandoned. temporarily at least, its pur-
tine Republic for the henefit of American
trade
Work shust-r Had Done.
The statement is made further tina, "
Morgan Shuster who went 10 South
America for the National City company.
had progressed SO far in his work rs to
have obtained subscripG from wealth:
Argcntnians and that lie was dissuadeN
from continuing further by representa-.
tions made by officials of the Bank or
the River Plate OF Buenos Ayres an insti
tuition controlled by the British.
Other circumstances are cited in sun
port Of the contention that Germany ana
Great Britain have combined to wage :,
trade war on the United States II /,
represented that Lord Cowdray head o.
tn" Pearson Company, who recently at
tempted to secure oil concessions in Co.
iombia aid who Withdrew from that field
of operations Il is unde. stood only after 4
protest had been made by this Govern
ment had the support Of Germany a.
well as OF Great Britain.
Another cause for alarm on the pa,
Of Germany and Great Britain. 1t is said,
was the action Of tho United States Con
sress in passing law giving American
vessels free passage through the Panams
Canal while proposing 10 levy tolls on al.
foreign ships
The statement ID made that the aeIee.
ment entered into by Germany and Gres,
Britain was perfected at a conferenc.
held in Belgium. 1t is represented tina,
Sir Edward Grey acted for England anu
that Chancellor Won Bethmann-IIollweg
as the representative OF GeY-
many.
The statement 10 made in quarters close
to the state Department that the people
Of England and Germany are not ap-
prised OF the alliance thus effected by
their Governments
governments Ftrst suspiciOns.
II is understood here that this Govern.
ment first became suspicious Of an Anglo
ierman agreement when these Govern.
ments gave notice that they would no,
be represented at the San Francisco expo
sition. The British Government refused
to reconsider its determination in this
regard despite strong urging by Sir
Thomas Upton and others interested in
trade with the United States
With the new currency law. which mas
a provision authorizing the establishment
II foreign branches by American nationa,
banks, 1t is expected that the contes,
between the financial interests OF the
United States and those OF Great Britain
and Germany will be renewed
For the first time I'm the history Of thu
United States American bankers are now
n position TO give American exporters ana
,thers with trade interests in foreign coui-
ries the kind of banking accommodat
which their competitors enjoy.
There is no doubt that the biggest ba,.
les in this contest will he waged in South
America That is where American trad
interests are increasing most rapidly AMI
I IS the field to which all financial and
Exporting houses in the United States are
giving the most attention.
In this they have the support OF the
Jaited States Government In the STATE
Department and the Department Of Com.
norce. This field, however, is also tn"
lc.d where German and British inanC,al
ma trade interests haze for "A scncratior
,njoyed supremacy which has heer
little short OF a toiut monopoly Consr.
,uently there Is no doubt that the ad
iance Of the American bankers undeG taG