The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1917-07-10
Mission From National City Bank
Of New York Passing Through
On Way To Russia
WALL STREET INSTITUTION
, !, PLANS a MOSCOW :sl BRANCH
ina viii Be Parent Organization Of
Vast Network Of Similar
Banks In New Republic

One Of the first fne financial tentaclei
which the United States is stretching
out for the gigantic trade of Russia
reached Honolulu yesterday in the form
of a mission from the National City
Bank Of New York. This mission /,
headed by Harold A. Dreher. With
Mr.. Dreher on board the s. s. vene
zucla, are B. Q, Hart and H. A. .Koelsch
and they are all on their way TO Mos
COW, where they are going to open up
the first branch Of their great institu.
tion in Russia. ..... ,.. y.
But back of, the financial aspect OF
this movement of American capital is
the certainty that the shrewd Wall
Street finaDciers are satisfied that Rus
STA as q Republic has come to stay,
is certainly not fly by night gov
eminent, but staunch enough to war
rant gooi American dollars being loan
cd to assist in the phenomenal devel.
opment that will assuredly follow the
close Ct, the Great War and the open
ing ut the flood gates of trade once
n,Ure. In the meantime Wall Street is
getting in on the ground floor, which is
one of the salient characteristics of
all successful inhabitants of Wall
Street .. " ,s,.. &c.,.
Financial Early Bird So"
The National City Bank is making n
pow bid for this business and max ]
ing it bctimes. It wants a hand in
the making of the la CERT Republic in
the world, Russia, and il is goinr I'd
have hand If gold judiciously min
gled with brains can.dO the trick.
Mr., Dreher is the special cOmmission !
er for the bank, and last night he said
that the plans are fully matured for a
steady Increase in the power and pres |
tige Of the bank as soon as conditions
ywarranted. Arrangements will be madd
with the Bankers Guild, one of thd
most powerful in Russia, for obtaining
well informed Russian ofIicials and EN-
ployes of the new institution as soon as
the preliminary details are settled dc! !
Gnitely. f.''
From the parent branch, which is I'd
be established in Moscow, the sentiI
mental, religious and commercial center
Of all things Russian, the American
fnancicrs are planning to extend their
organization until every worth while
city in The new Republic has a repre-
sentative there at work for America
and Russia.
Confident Of Future -. '.'.s .. ;
owe would not be going unless We
were convinced of Russia's future. l
am not at liberty to say what assur.
ances the National City Bank and the
government have that Russia's future
is safe, but may state that we are
highly optimistic in regard to the DO.
ltical and economic situation. ! draw
attention to the fact, however, that we
intend to locate our bank at Moscow
the industrial, commercial and senti.
mental heart of all Russia. Also, Mos,
COW is the great railroad center and
terminal. We fully expect that within
the next few years the development of
Russia will duplicate the great devel,
opment history Of our own country.
The lS70-lS90 period of the United
States economical growth is about I'd
be repeated in Russia. 4
"Our ambition will he to serve Rus,
STA as well as the United States. !.
'Our new enterprise must be of
special interest to Honolulu. II you
people here work thingt correctly you
will make of your city the great front
door into Russia for trade between tho
United States and Russia \
Dreher formerly was cashier of the
National City Bank in New York. He
will be manager of the Moscow Bank,
and it is stated that he has full auI
thority to exercise his judgement in
regard to the operations of the Nation
al City Banks branch in Petrograd.
The Moscow Bank will be the principal
bank. ...
Dreher is about thirty five years of
age. fh5 Er'# ~