Show n of Edge Plan By Ira C. C Tichenor st t Federal Foreign Banking association the first financial incorporated in the United l. l States to provide the a aVIce a avice VIce of credit facilities for fot export and import trade provisions o r th fr S so called New York Tork the caled Edge la law v has opened for fored ed d a that that hat several other similar Institutions will wi be formed within months and It i is expected that i the f plan will wt supply the one by which export and import business and Incidentally foreign be placed on such a basis t that t bais American traders will acquire wi Ing ag g In the world mar markets ets with competitors In wih In the most favored favored pointed out the Edge law law passed by congress congre last winter am am ain modifications made necessary through American domestic ins to guarantee to banks In pms is this country countr that their proper proper si sit wiM wll not b Toa drawn on to furnish resources es for tor foreign trade tade same ee ic time assure the commercial al community a degree of bank foreign business equal in every respect to that enjoyed by Icing Ing Ing under the tha regulations of ot the federal reserve board certain that the so called caled Edge banks will wi be able ible to funds of which there are said to be vast vat amounts amounts av available lable no hurry hurr for tor use Some of of- of the the larger Industrial concerns and andt t of of lesser magnitude e often oten are compelled to do o a banking seasons outside their thel usual work by loaning on n discount In ln mortgages mortgage acceptances and every ever form torm of ot banking collateral alone aone it is expected that enough funds can be obtained iny ny fly federal foreign baks banks cooperation of important Independent commer commercial ial and ad financial l lis fi le is confidently expected that there will wi be developed through a aB B a a permanent and wide foreign commerce |