Show I Us u. Sp S. BANKS TO HAVE BRANCHES IN SOUTH AMERICAN CITIES By y GILSON GARDNER WASHINGTON Sept 12 ln In In order to secure the tm trade e of or South America bankIng bankIng banking bank bank- ing Interests of New York and Chica Chicago o oare are planning branch banks In South American countries and application has hag been made to the federal reserve board authorities for permission to establish these concerns The National City bank of or New York Is IR In a smart competition with tho the First National and Commercial National banks of Chicago to see seo whether Eastern rn shippers arc are to get this trade or whether it will go to merchants in the West I From rom both sections o of the country commercial commercial com com- mercial agents or ambassadors are to be besent besent besent sent to supply accurate and quick Information Information Information mation as to tho the needs of or these fields and to put the tho South Americans In touch with reliable concerns In tho the United States Slates The department o of commerce has is- is issued is Ie- I sued shed a n. number of or documents containing lists of or Imports demanded by South American countries and these lists are rapidly getting Into the tho hands of or American Ameri Amen can manufacturers The prospect of or a lon long war var instead of ofa a short one has brought home the commercial commercial commercial com com- mercial opportunity as RS well as BB the economic economic economic eco eco- needs of ot tho the situation The United States is now b by the war almost completely com com- protected against any competition from European manufacturers and at the same samo time tune is offered a market In South America great eat enough to absorb any amount of foods produced An et expanding demand at home and abroad Is therefore tho stimulus for new energies In production tion That tho the business situation will put a n. astrain strain on tho the Inventiveness and enterprise enterprise enter enter- I prise o of Americans Is shown by the tile situation situation situa sItu tion lion produced In all industries using aniline ani an- line lIno dyes Germun Germany has had hod almost a a. complete monopoly of tho the manufacture of those d dyes es furnishing 85 per cent to the American trade Herman Metz of Now New York representing a branch of or the tho great reat German dyo dye trust says the United States Stats has not inventive genius enough to produce what has been heen coming cominS' from Germany As the tho supply In this country countr of or such dyes will bo bl exhausted within sixty days clays It remains to be seen whether hether American Invention Is equal to the demand de de- mand The lac lack of ships to handle South SOUl l American tr trade Is not likely to bo be met until tho the government enters rs the field with Its government owned freighters as proposed proposed proposed pro pro- posed In pending lc legislation Private In Interests In- In have shown themselves cs timid and Inadequate in the face ace of or war risks It ItIs Itis Is clearly a case of Undo Uncle Sam must do It With tho the foreign market cut oft off tho the cotton crop promises to ho bo the tho best recorded recorded recorded re- re corded for tor man many years The estimate of or ortho tho agricultural departments department's board shows tho the condition of ot tho the crop on August 25 to be this year ear as fiS compared with on Jul July 25 5 1914 and GS on Au August 26 2 25 1913 and on August 25 1912 InZ and an average of oC 73 on AU August st 25 for the past ten years cars That the river and harbor bill Is being being be be- ing Inc kept alive In part by the efforts of or a adred dred dredgers dredger's ers er's trust Is tho the latest charge brought by by Congressman Frear of Wis wis- air Mr r. r Frear has Industriously dug dul up UD Up n n. report 0 of the dredgers dredger's association made not long ago when a river and har- har lK hor r bill failed to pass pi con congress The dredgers felt Celt er very sad Bad over o thess failure allure and at their regular meeting disclosed their opinions In an official report the directors of the Atlantic and anti Gulf Gult Coast Dredge association said Your Tour board feels eels regret that tho the river and harbor harbor- bill has hns failed o of passa passage e. e and considers It all the more Important that the tho association should bo ho organized for the purpose of ot adding its Influence to ursine urging work by municipal organizations and bodies and doln doing all nil in their power to create offerings of ot work In tho the various ports porta of or entry and harbors It ItIs ItIs Is only b by persistent effort that the thel loss entailed enrolled upon us by the tho failure of or the harbor bill hili can In an any way nav bo be compensated compensated compensated sated for Your board fur further wishes to emphasize their regret that tho the annual banquet of tho the association has been al allowed nJ- nJ lowed to go o by default for tor tho the last two or three years These entertainments do donot donot not entail an any serious expense upon the association but they do create the greatest greatest great great- est possible prestige for our business In Inthe inthe the tho estimation of whose whoso favor It ItIs itis Is li to our a advantage 1 to gain Influential business men and men of public affairs having ha to do with transportation companies com com- and steamship lines are arc entertained entertained entertained enter enter- b by us on these thes occasions with the greatest possible benefit to our business municipal officers heads of or departments departments departments depart depart- ments members of or congress and legisla legisla- legislatures tures and tures-and and their favor tavor and interest Is legitimately gained and has been found oun to be of or the greatest value when circumstances circumstances circumstances cir cir- required It H. Th The Tho expense of our entertainment Is wisely expended and brings an adequate return for every dollar so spent |