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-