Selling Latin America

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Monograph

Identifikator:: 101030657X

URN:: urn:nbn:de:zbw-retromon-41609

Document type:: Monograph

Author:: Aughinbaugh, William E.

Title:: Selling Latin America

Place of publication:: Boston

Publisher:: Small, Maynard & Company Publishers

Year of publication:: 1915

Scope:: 1 Online-Ressource (VI, 408 Seiten)

Digitisation:: 2018

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

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Document type:: Monograph

Structure type:: Chapter

Title:: XXV. Finance and credits

Collection:: Economics Books

308 SELLING LATIN AMERICA all the manifold resources of a great, wealthy newspaper, it was absolutely impossible for it to remit money to the United States to get the war news so essential for its readers. Cables to Europe were cut, as the world knows, there by preventing it from getting reports from this source. Its position was desperate. After finding that efforts to obtain the desired serv ice from the press agency were useless and that no credit would be extended, the South Amer ican editor, in despair, cabled me, and I financed the paper for five months, paying weekly the bills incurred. With the opening of the National City Bank in Buenos Aires, re mittance in full with interest was made for the money I had advanced, the draft sent me being one of the very first issued by that insti tution. This American news association had a great opportunity to establish a profitable connection in a country where a service of this kind is badly needed, for the favorable atti tude of the press is of the greatest benefit in developing both business and friendly rela tions between nations. Instead of taking ad-

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