al City Bank has branches in Argentina, Brazil, Belgium,
Chile, Colombia, Cuba, Italy, Porto Rico, Russia, Siberia, Spain,
Trinidad, Uruguay and Venezuela, all of which have been established
since 1914.

A portion of the foreign business of the National City Bank is conducted
by the International Banking Corporation which was established in 1902
and which became a part of the National City Bank organization in 1915.
The International Banking Corporation has a total of twenty-eight
branches located in California, China, England, France, India, Japan,
Java, Dominican Republic, Philippine Islands, Republic of Panama and the
Straits Settlements. Under this arrangement, the financial relations
with America are made by the National City Bank proper; while those with
Europe and Asia are in the hands of the International Banking
Corporation and the combination provides the Bank with 75 branches in
addition to its vast organization within the United States.

The National City Bank of 1889, with its resources of eighteen millions,
was a small affair compared with the billion dollar resources of 1920.
Thirty years sufficed for a growth from youth to robust adulthood.
Within five years, the Bank built up a system of foreign branches that
make it one of the most potent States in the federation of international
financial institutions.

11. _Onward_

Exploiters of foreign resources, manufacturers, traders and bankers have
moved, side by side, out of the United States into the foreign field.
Step by step they have advanced, rearing the economic structure of
empire as they went.

The business men of the United States had no choice. They could not
pause when they had spanned the continent. Ambition called them, surplus
compelled them, profits lured them, the will to power dominated their
lives. As well expect the Old Guard to pause in the middle of a
charge--even before the sunken road at Waterloo--as to expect the
business interests of the United States to cease their efforts and lay
down their tools of conquest simply because they had reached the ocean
in one direction. While there were left other directions in which there
was no ocean; while other undeveloped regions offered the possibility of
development, an inexorable fate--the fate inherent in the economic and
the human stuff with which they were working compelled them to cry
"Onward!" and to turn to the tasks that lay ahead.

The fathers and grandfathers of these Twentiet