Republican farmer., 1919-05-02
FRENCH BANKERS AND AMERICANS
 FORM ALLIANCE

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 New York, May 1-An alliance of French and American banking inter ests, representing combined resources of more than one and a quarter bil- lion dollars, organized to promote trade between France and the United States, was disclosed through the filing yesterday at Albany of incorporation papers for the French-American Banking Corporation Half other of the stock will be held by Ameri- can interests and half by French. The plan of operation, it is declared by the organizers, means that hereafter American business men will be able to avail themselves of banking facili- ties in France as advantageous as Frenchmep themselves enjoy
 The French participant in the al- iance is the Compton National d'Escompte de Paris, which takes half the capital stock The Ameri- can interests are the First National Bank. of Boston and the National Bank of Commerce in New York, each holding one-fourth the capital stock
 The FrenchAmerican Banking Cor poration is capitalized at $2,O00,O00, with a surplus of $500,OOo, all paid in The incorporators include James s. Alexander. president of the National Bank Of Commerce in New York; Daniel G. Wing, president of the First National Bank of Boston, and Mau- rice Sylvester, American representa- tive of the Compton National d'Es- compte de Paris. MT. Sylvester will be president. There will be twelve directors, six to represent the Ameri- can group and six the French group.
 'America's new position as the worlds chief source of capital for in ternational commerce necessitates the development of the foreign business of this country's banks to meet the unprecedented conditions" MT. Alex ander said today. This alliance of great French and American banks represents, we believe, an efficient in strumentality to facilitate and foster the trade relations between the Unit ed States and France which the new era demands. We consider it most practical way to realize the necessary cooperation between French and American banking, and to give Amer ica's business men the benefit of the experience and connections of native French bankers that could be given to them in no other way
 'The F'rench-American Banking Corporation is an organiza ton which has behind it the good will of the three great established institutions which hold it's stock. It is primar- fly a commercial, bank, as are all the institutions which control it. It is expected it will engage in the ac- ceptance business, and in general as- stst in financing trade between the Init fot French colonies in all parts of the world"
 MT. Wing said regarding the cor poration: The French-American Il Banking Corporation will foster the development of French and American trade in a broader and bigger way than has ever been possible before. The entire facilities and connections of the National Bank of Commerce in New York and the First National Bank of Boston will be placed at the disposal of the F,rench-American l Banking Corporation, which will en- able the Compton National d'Es- compte de Paris to extend the best of terms and services to the French importers and exporters who are in- terested in developing or extending their trade with America. Facili- l l4SS O4 I11S buSnCS AlTGS or The First National Bank of Boston will similarly be placed at the dis 1 posal of the Comtoir and the French 1 American Banking Corporation. In
 a like manner the National Bank of | Commerce in New York and the First | National Bank of Boston, through l the French-American Banking Cor | poration, will be able to offer unex- | celled services to the American
 merchant who is interested in foreign 1 trade.
 ] Tn addition to the two hundred l odd branches of the Compton Ma. | t1onal d dEscompte de Paris scattered l throughout France, this institution 1 has branches also in Spain, England
 Belgium. Australia, New Zealand and
 India, and is preparing to open fur. | ther branches in AIsa The i Compton also has close working ar. l engagements with the French CoIoniar | banks in Algeria, Egypt, East Africa | Madagascar, Martinique and Indo. ! China The extensive services O,
 this institution will similarly be avail. | able to the customers of the new 1 corporation and the American group.
 The capital. surplus and undivide eG | profits of the institutions back of the
 French-American Banking Corpora. l tion aggregates more than S125oOO | 900 and the resources total more thar $1,28O, ,000,0 900. The Compton Ma. | tional d'Escompte de Paris is one O, l the three greatest hanks in F>ranoo