HW Sloan Company to William G. McAdoo
Title
HW Sloan Company to William G. McAdoo
Creator
HW Sloan Company
Identifier
WWP18492
Date
1914 December 18
Description
The HW Sloan Company writes William G. McAdoo regarding sale of cotton to Sweden.
Source
Benjamin Strong Jr. Papers, New York Federal Reserve Bank
Language
English
Text
COPY OF TELEGRAM
Secretary of Treasury McAdoo,
Washington, D. C.
We can sell large quantities of cotton for shipment on neutral vessels to Gothenberg, Sweden. Payment in New York on arrival of cotton at Gothenberg, payment guaranteed by first class bankers. Local banks refuse to handle business as war risk cannot be obtained to cover loss by detention by the allies. Will the Government insurance bureau cover this clause and will the regional banks handle this business.
Reply by telegram as we have business pending.
Secretary of Treasury McAdoo,
Washington, D. C.
We can sell large quantities of cotton for shipment on neutral vessels to Gothenberg, Sweden. Payment in New York on arrival of cotton at Gothenberg, payment guaranteed by first class bankers. Local banks refuse to handle business as war risk cannot be obtained to cover loss by detention by the allies. Will the Government insurance bureau cover this clause and will the regional banks handle this business.
Reply by telegram as we have business pending.
Original Format
Letter
To
McAdoo, W. G. (William Gibbs), 1863-1941
Files
Collection
Citation
HW Sloan Company, “HW Sloan Company to William G. McAdoo,” 1914 December 18, WWP18492, Benjamin Strong Jr. Papers, Woodrow Wilson Presidential Library & Museum, Staunton, Virginia.