Show international BANKER A MYTH otto H kahn refutes idea that foreign finance activities dull allegiance to america Arn edca BANKING REFLECTS BUSINESS international farmer and other business men who sell bell to foreign marker markets create demand for inter national financial service the idea that bankers engaged in lu financing foreign trade and in ban han dung ming foreign bond are a particular cull cult of international bankers actuated by nio motives tives differing from those thone of other bankers was refuted recently hi otto 11 kahn of new now york in an address before tho the roch cater eater chamber of commerce there Is no such thing as an international ter banker in america aa as the meaning of the term Is go generally y understood mr hir kahn said he exists in the imagination of people all ton too nume numerous roup but bo he does not exist in tho flesh you might just as well speak of 0 the international farmer because the farmer ells sells a certain percentage tago of his crops to europe or of the international ter manufacturer tho the banker maintains and cao can Mala maintain t Ou aau conduct international business only to the extent that american industry commerce and 1 agriculture are international true the banker must take within his purview continuously the conditions of affairs and the current of things thinas throughout the world but eo so must tho the exporter and importer and so must the farmer take into account the prices and tendencies of the world market in liverpool banking mostly homo Hom Business Bus lne the america m bankers market la in the homo market his success Is con dit toned upon the cara capacity city and will of the american investor 0 absorb the securities anich he often offers his very existence depends upon the confidence and cooperation of the public and of his fellow follow hankers bankers and any banker whose activities would justly create the impression that he was actuate dby by cosmopolitan rather than by american interests would very soon lose that confidence and following the business which he does tor for his own account in with or tor for europe Is inconsiderable as compared to the business he does in america his ills prin cipal functions in relation to europe aro are to provide the banking facilities tor for export and import and for travelers that parr part of hie his functions which consists in financing loans of foreign governments or industries has hitherto been with sporadic exceptions of relatively 1 proportions ro portions as compared to the vastness of the volume of his transactions in financing american industry corn com morce marce and enterprise necessity for foreign credit credits in saying this I 1 do not mean to imola hat there Is anything thaL for apology in eno a boating of or foreign loans in america and tn in the loaning 0 american funds to europe provided such loans are considered sound is to security and are made for leglu legitimate constructive purposes indeed such loans ought to and I 1 believe will be made in increasing measure when conditions tn in europ europe will have bave become such as to warrant it 11 itla IC Is manifest that the promotion of our export trade including of tit course the export of farm products requires us under the as they now are and are likely to remain for some time to aid the pur chasing power of or other nations by ex tending to them financial facilities to a reasonable extent it Is the function of the banker to be instrumental in carrying ing out uch transactions in doing so bo be Is tb the means of serving a useful national purpose just as he served a useful indeed a it highly important national purpose in being the tho means of attract tag fag and bringing Eu european rovean capital to america in former years when conditions were reversed and such capital was nothing less than vital to the do of this country and th the of its opportunities why worry over your lost complexion pl exion you can always buy another some men spend more time in trying to imitate than it would require to be the real thing |