Show LARGE LOANS QUICKLY MADE great sums often ra sed by wall street banks at hours notice an interesting question often ask ed in wall concerns the amount of capital that a large bank could raise at an hour hours s notice that Is how much accommodation could a bank extend a customer un expect edly confronted with pressing need or for the purpose of financing a great deal A banker of internal lional experience Is authority for the statement that wall streets street s facial ties in this regard are superior to london s in that a large under tak ing could be financed here with much greater dispatch than on the other side said an officer of one of wall streets most important banks it Is no trouble at all nowadays to rale 5 or 6 within an hour I 1 have seen it done too often to think for a moment that it would tax seriously a large banks resources five times that sum say 25 can be raised at twenty tour four hours notice it has been done of course no one bank could do it but the great wall street institutions are linked together in such a way as to provide almost unlimited re sources for the financing of any safe deal the large banks think little of 1000 1 or 2 10 loans ans these days whereas in former years they attracted general attention foi such large amounts were released only after considerable negotiations but that has all changed now new york evening post |