Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-08-22
|OLLAR TRUST IS
RULING in EUROPE
|ccording to French Claim, Is
Controlled by Number
of Yankees.
A POWERFUL FACTOR
|oreign Financiers Say They
|Are Forced 10 Accept Die
tation From New York.
A POWERFUL FACTOR

PARIS. August 2l.--The American
i liar is today the most powerful
etor In the dcStinies Of Europe. New
prk inanciers in the second year oil
g peace" WELD power more ire
.ndous than the old EnSiish money
ngs ever dreamed OF. Throgmorton
rect, London. and the Bourse, Paris.
We become mere branches or the
rat gigantic trust--thc Dollar
lust of which even the widest IL
ncinl brains ever dreamed.
These are few OF the allegations
idc by English and French bankers.
no. accustomed 10 their nutocratic
FAY of pre-war days. now chhie uh-
T. an economic restraint which be-
mes harder 10 bear dag b. day. and
no assert that their every move in
lying and selling Is dictated by the
eat golden octopus which has its
adquar,ers In New York.
Before the war American banks
gro comparatively unknown In Eu-
pc. When they existed they did SO
dercly as branches OF the parent con-
rms. established AS agencies Tor the
inks dealing abroad.
Getting Choice Sites.
L d az the Grands Boulevarda,
Ih!ch may DE termed the main street
Paris, teens with American banks.
hey have the finest Office buildings
Paris. They are acquiring prop-
;y and building on II right and lett
iflt btSI SlltH III inc
'adunny falling into American
,nds. French men say bitterly that
q reason for this is that the nigh
tc OF exchange makes even the IN
tied value OF Paris land mere bag
ellie 10 tho big United States con-
rms.
The Guaranty Trust already owns
huge building in the rue Aes TIA!
ns, just of the Grands Boulcvards.
b" Guaranty's pronts as Governmcnt
,positOry during the soiourn OF the
l.. l.. VIII probabl! never be
2aown. But they are darkly h!ntcd
by tn. banks French rivals.
The Morgan HarJes bank - the
iietcs;. but by far the most power.
ii IN Europe -Engi!shmen call II
rho Bank OF America"c-tound II.
iartcrs opposite the Opera toe
'ampeh long ago, ana led the way &c
ne aristocratic Place Nendome. pur.
las!ng a magnificent palace almost
opposite the RITZ Hotel Then cam,
he Bankers Trust, and bought th'
annual OF Portugal mot Gahy Dcs!ys
nd famed AS the stopping place o.
ing Edward Vii.
New York Architecture.
The Equitable Loan s: Trust Com
any already has what Is prObabl!
at the rue tie IA paix and the plac
G rOpcra. ana built after the New
orb fashion OF marb!e-faccd lobb!
hd Iiided elevators. The Equltabl
couples the upper floors. Lloyd:
:auH OF London occupying IN
round Moor.
Nougb, Famous Cafe.
Iut this splendid cd!hcc Is no
rough for the American bank. The!
ave now acquired the famous Vie
afc de Ia Madeleine, on the lIou!e
ard de la Madeleine. haunt OF dra
iat!s;s and stage celebrities sine
imc lmmemorial and propose tear
lg IL down and substituting in IL
lace q new bank building OF con
rcte and steel. i fashion OF building
:acticaiiy unknown in Paris. OWN;
. the difficulty In obtaining: steel.
An American and AN English banl
r. reported 10 he bidding Wild
reinst cach other for the possession
the Varieties Theater on tn
Boulevard DIES itallens. close TO In
ge:a, one of the finest sites in Paris
Almost every day the French pa
pcrs comment on the fact that 500
he world-famed cafe life OF tn
brands Boulevards Will be n thinl
Fnly OF memory. The cafes Will NJ
ave been replaced by banks. Slowl
III, sureiy the bouicvards arc suffer
ng the mctamorphosis that Broadwa
III in the seventies.