ders and industrial empire builders have not
gone alone into the foreign field. The bankers have accompanied them.

Several of the great financial institutions of the country are
advertising their foreign connections.

The Guaranty Trust Company (_New York Times_, Jan. 10, 1919) advertises
under the caption "Direct Foreign Banking Facilities" offering "a direct
and comprehensive banking service for trade with all countries." These
connections include:

1. Branches in London and Paris, which are designated United States
depositories. "They are American institutions conducted on American
lines, and are especially well equipped to render banking service
throughout Europe." There are additional branches in Liverpool and
Brussels. The Company also has direct connections in Italy and Spain,
and representatives in the Scandinavian countries.

2. "Direct connections with the leading financial institutions in
Argentina, Uruguay, Chile, and Brazil." A special representative in
Buenos Ayres. "Through our affiliation with the Mercantile Bank of the
Americas and its connections, we cover Peru, Northern Brazil, Columbia,
Ecuador, Venezuela, Nicaragua, Honduras, Guatemala, and other South and
Central American countries."

3. "Through the American Mercantile Bank of Cuba, at Havana, we cover
direct Cuba and the West Indies."

4. "Direct banking and merchant service throughout British India,"
together with correspondents in the East Indies and the Straits
Settlements.

5. "Direct connections with the National Bank of South Africa, at Cape
Town, and its many branches in the Transvaal, Rhodesia, Natal,
Mozambique, etc."

6. Direct banking connections and a special representative in Australia
and New Zealand.

7. "Through our affiliations with the Asia Banking Corporation we
negotiate, direct, banking transactions of every nature in China,
Manchuria, Southeastern Siberia, and throughout the Far East. The Asia
Banking Corporation has its main office in New York and is establishing
branches in these important trade centers: Shanghai, Pekin, Tientsin,
Hankow, Harbin, Vladivostok. We are also official correspondents for
leading Japanese banks."

The advertisement concludes with this statement: "Our Foreign Trade
Bureau collects and makes available accurate and up-to-date information
relating to foreign trade--export markets, foreign financial and
economic conditions, shipping facilities, export technique, etc. It
endeavors to bri