New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1915-04-10
AN IBERIA BOY HONORED.
Walter F. Voorhies, Cashier First
National Bank, Wins Big
Promotion.

Mr.. Walter F. VOORHEES,, cash
ier Of the First National bank, of
Shreveport, has rendered his les-
ignation to the officers Of that
institution to become manager of
the branch bank shortly to be es-
tablished by the National City
bank, of New York City, at Monte
video, Uruguay. Mr.. VOORHEES,
will leave here with his family
about May l, going first to New
York, and thence after familiariz-
ing himself with the affairs Of
the National City bank, to his
new post of duty in South Amer
lea.
There will be general regret
over Mr.. VOORHEES, departure
from Shreveport. But that feel
ing will be tempered by the
knowledge of Mr.. VOORHEES,
friends that he has been assigned
to one Of the most important posts
in the vast domain of American
banking. Expressions of sincere
good wishes for his welfare are
mingled with congratulations on
the recognition of his merit
which the new assignment dis
closes.
1t is difficult to exaggerate the
Importance of the selection of
Mr.. Voorhies for the manager
ship of the new American bank
at Uruguay. This branch bank,
like a number of others now be-
ing arranged for, Will constitute
an important unit in one Of the
most extensive trade movements
of modern times.
For many years the United
States has been rather weak
competitor for South American
trade. Germany, England, Aus
tria and other European countries
had left Uncle Sam far behind in
the cementing of profitable trade
relations with the people Of
South America. The pending il
ter-national struggle, which al
most obliterated German and
Austrian trade lines, and greatly
reduced the competing power of
England in the South American
trade game, opened the door of
opportunity to the exporters of
the United States, and a onne~
effort is being made to turn the
tide Of fol eign commerce of South
America in this direction.
One Of the chief impediments
to proper trade relations with
the United States was found t.,
be lack Of media for qrick ey-
change Of currency in the Low"
Latin-American republics. Eu-
rope had its branch banks on the
ground, whereas American bank
ing with South America was done
by long distance. In order to
remove this barrier to closer bus
mess relations, congress passed
an act authorizing the esta blisb-
ment Of branches Of nationa'
banks in South America. It is to
the managership Of one Of these
branch banks that Mr.. VOORHEES,
has been assigned.
The selection of Mr.. Voorhies
is a compliment to his ability, to
the local financial interests he has
served so faithfully and well. and
to the city of Shreeport itself. Al
-hough still a very young man
Mr.. VOORHEES,. who came here
about five years ago from New
Iberia, where he had considerable
1ankin~ experience, has risen ran
dly ard begins his new career in
!, foreign cline under auspices
hat practically insure success.
To en intimate knowledge Of
Mr.. Voorhies adds ex-
.eptional Judgment in the matter
# credits and an affabilitv and
'venness of temperament that
will be of distinct service to him
elf and the inter ests he is to rep
'esent in his new field of aetivitv
Those. who have watched Mr.
Toorhies' Shreveport career are
convinced that the National CITY
Bank. which has deposits of $3.50
10000. and is rated Americas S
.reatest banking institutions has