290 SELLING LATIN AMERICA 
manded it, France, Italy, Spain and Switzer 
land entered the field but on a much smaller 
financial basis, at the same time restricting 
their activities so as to confine them more to 
the home countries and to persons of their 
own nationalities engaged in this field of com 
merce. 
Only recently have statutory and business 
conditions warranted the advance of the 
American banker into this sphere of finance. 
To-day in Latin America our banking institu 
tions may be found in the Argentine, Brazil, 
Panama, Cuba, Santo Domingo, Porto Rico, 
Mexico and to a small extent in Haiti. As it 
becomes apparent that our merchants and those 
of other countries require financial organiza 
tions to further and facilitate trade with the 
United States, additional establishments will 
be opened in these lands until ultimately the 
dollar will be so enthroned in the estimation 
of the business world that it need pay no hom 
age to the Pound Sterling, which up to the 
present has been Emperor Supreme in the 
Realm of Finance.