ng into touch buyers and sellers here and abroad."

The same issue of the _Times_ carries a statement of the Mercantile Bank
of the Americas which "offers the services of a banking organization
with branches and affiliated banks in important trade centers throughout
Central and South America, France and Spain." The Bank describes itself
as "an American Bank for Foreign trade." Among its eleven directors are
the President and two Vice-Presidents of the Guaranty Trust Company.

The Asia Banking Corporation, upon which the Guaranty Trust Company
relies for its Eastern connections, was organized in 1918 "to engage in
international and foreign banking in China, in the dependencies and
insular possessions of the United States, and, ultimately in Siberia"
(_Standard Corporation Service_, May-August, 1918, p. 42). The officers
elected in August 1918, were Charles H. Sabin, President of the Guaranty
Trust Co., President; Albert Breton, Vice-President of the Guaranty
Trust Co., and Ralph Dawson, Assistant Secretary of the Guaranty Trust
Company, Vice-Presidents, and Robert A. Shaw, of the overseas division
of the Guaranty Trust Company, Treasurer. Among the directors are
representatives of the Bankers Trust Company and of the Mercantile Bank
of the Americas.

10. _The National City Bank_

The National City Bank of New York--the first bank in the history of the
Western Hemisphere to show resources exceeding one billion
dollars--illustrates in its development the cyclonic changes that the
past few years have brought into American business circles. The National
City Bank, originally chartered in 1812, had resources of $16,750,929 in
1879 and of $18,214,823 in 1889. From that point its development has
been electric. The resources of the Bank totaled 128 millions in 1899;
280 millions in 1909; $1,039,418,324 in 1919. Between 1889 and 1899 they
increased 600 per cent; between 1899 and 1919 they increased 700 per
cent; during the 40 years from 1889 and 1919 the increase in resources
exceeded six thousand per cent.

The organization of the Bank is indicative of the organization of modern
business. Among the twenty-one directors, all of whom are engaged in
some form of business enterprise, there are the names of William
Rockefeller, Percy A. Rockefeller, J. Ogden Armour, Cleveland H. Dodge
of the Phelps-Dodge Corporation, Cyrus H. McCormick of the International
Harvester Co., Philip A. S. Franklin, President of the International
Me