The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-13

our en- 6uteS tneiT enemies, practlcaily
all gave US their strong moral support
Even Colombia, Colombia which feels
that 1t has suffered much at the hands
OF the United states
THE Colombian Senate a few months
after we entered the war and In spite or
insid.ous German propag inda passed
strong resolution condemn!ng the inhu-
man submarine warfare OF our enemies
ard their constant violations of irterna-
tional law. / was in Colombia at the
tire. and can testify that the general
public regret was that the resolution was
not still stronger.
Banks Already Established.
ut is a source OF qualification to ne
to be able /, announce that there Ia at
last chain OF American banks at all
strategic points in Colombian commerce.
ready to render a comprehensive banking
service to American banks, exporters,
importers and manufacturers ready to
aid In the development OF trade between
tho two countries and ready at the same
time 20 render complete local banking
facilities TO Colombian planters and mer-
chants, sc.
1.-THE American Mercantile Bank of
Colombia (Banco Mercantil Americana
February G9lS under the auspices OF
the Mercantile Bank OF the Americas, but
1t has already established eight Offices
at BoGota, the capital Of the country: at
~ '"'n. the second city of the republic.
80. ,-....e of an important agricultural.
/ hing and industrial region NJ the two
chief ports on the Atlantic. Barrarqu!lIa
and Cartagena AZ Lanizales. the centre
oe one OF the most thriving ami rapidly
growing interior regions AZ Honda an !
,iirardot. important river ports On the
Magdaloua. and at Call. the commercial
centre Of the rich Cauca Valley ana Pa
cihc coast section.
The lack OF transportation facilities
and the geographical ISOLATION Of the dt-
ferent parts OF tho country made II I'M
peratiye, I'm order TO render the full bank
ing service required for the needs OF
American trade and for local business, to
make every effort to cope with the cnor-
nous strain OF organizing ali these
branches at time Of extraordinary df-
ficulty.
1T may not be out Of place to tell YOU
something of the parent Organization,
the Mercantile Bark OF the Americas
an American bank for foreign trade. II
was organized in 1918. Its shareholders
are group OF banks and bankers
throughout the cOuntry-BrowN Bros. *
Co, J. & w. Seligman & Co. the Gudt-
anty Trust Company and the Central
Union Trust Company OF New YORK, the
National Shawmut Bank of Boston. the
Anglo and London Paris National Bank
Of san Francisco and the Iibernia Bank
and Trust Company OF New Orleans. 1t
has in this short time established direct
branches in France and Spain and has
affiliated institutions, subsidiary banks
IlFu ?
Nicaragua and Cuba, besides its own
representatives, agents and direct cor
RESPONDENTS IN many other countries.
THE bank operates under the super
vision OF the Federal reserve system
and enjoys the advantages possessed by
members As Il does not accept local
deposits. tits in an advantageous position
To cooperate with banks throughout the
United States. with whom 1t does not
compete for deposits, and It's services
are freely open TO such banks. who can
feel that In dealing with its affiliated in
stitutlons abroad they are dealing al
most with their own branches IT forms
! A connecting link. therefore, between
| the North American banking system and
the banking system OF the various coun-
tries where It Is operating.
J Investment Possibilities.
| "Of course there were banks IN Co
lomb.a before, but they operated only in
| n single City--there was no unity, nc
approach to a banking system and all
were made M OF purely local capita
not ENJOYING the benefits of large for
e!gn credits or connections
The Department Of Comm-rce has
recently published book on Poss'hlll'
ties for Investments in Latin America,
by Mr.. Ialsey, spscial agent. which
recommend to your attention
THE possibilities for investment may
be grouped rs follows:
| Ca) Government and public loans
generally.
(b) Transportation and public
utilities generally.
(c) Agricultural and cattle and
manufacturing.
(d) development Of the natural re-
souyces Of mines and forests
"Ihe Government OF Colombia ha
lheen rapidly establishing an improved
credit standing. 1t has ever since III
administration of I'rcsdent Reyes fl
1905 been meetinea The service on IT.
foreign debt Its foreign and interna
debt per capita IL one OF the smallcs
Of the world and ia present outsta ndin
foreign obligations. as we'll as any
lnAy put out hereafter under prope
safeguards and under proper bauk!n
auspices would be we'll worthy of sc
rIous attention on the part OF an In
weston
COLOMBIA has only a few railroads
all short lines. There is no road frnI
the coast TO the capital A great de3
OF money could be put into railroads
the country. A few OF the protecte
lines would probably pay from tho star
hut most OF them would not have ira
nc enough at the beginning To NAH
them pay without Government supper
Public utilities. municipal Improvement
electric light and power plants. dock ar
lharbor and river improvements, wat
supply. tramways. sewerage system