During the post-War trade boom, one of the favorite sports of business men was organizing foreign banks. The country then enjoyed a tremendous export trade, and the thought was that an extension of American banking facilities abroad would serve to hold open the channels of this foreign buying of our goods and raw materials. The near-panic of 1920 perceptibly cooled the enthusiasm for foreign banks, and subsequent years have seen their gradual disappearance. The recent retirement of the Asia Banking Corporation, whose business has been taken over by the International Banking Corporation,...
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