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The Origins of the American Banking Empire in Latin America: Frank A. Vanderlip and the National City Bank

Published online by Cambridge University Press:  02 January 2018

Robert Mayer*
Affiliation:
Department of History, Newark State College, Union, New Jersey

Extract

The world's a battle-ground for all

Go forth and conquer if you will

But if you win or if you fall,

Be each, please God, a gentleman.

With these ringing words, Colonel Henry L. Kincaide, at the 1913 Convention of the American Manufacturers Export Association, urged his fellow manufacturers into battle. The adversaries were England and Germany; the prize, world trade (Faulkner, 1924; Beard, 1934; Williams, 1959; LaFeber, 1963).

The speech came at an opportune time, because just three months later Congress was to pass the Federal Reserve Act and thus sanction a trade aid for which exporters had been lobbying for many years-the legal establishment of American branch banks in foreign countries (Chandler, 1911; Holmes, 1912; Bankers Magazine, 1913; Ring, 1913).

Type
Research Article
Copyright
Copyright © University of Miami 1973

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