The Archive · 1930

Setting a Precedent

Chinese compradores have served the branches of the bank in Japan for scores of years, continue the writers, and have rendered excellent] services. Indeed, they are responsible for the prosperous condition in which the bank's branches in Tapan find themselves to-day.

1f, the letter continues, the National City Bank set a precedent by employing only native employees its branches in foreign countries, then the local branch (Shanghai) of the bank should conform with this tendency by. substituting Chinese employees for all its Portuguese American and non-Chinese employee In conclusion, the lotter requests the manager of the local branch of the bank to telegraph to the head office in New York to reject this proposal when it is submitted for Consideration by its Japanese bran. che "At the same time, the Associated Chambers have telegraphed to Dr.

Wa, Chinese Minister to. the United States, requesting him to take this matier up with the head office of the bank in New York so as to effect the cancellation of the proposal.

Text read from the printed page and cleaned; old type leaves the occasional error.

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