THE INTERNATIONAL ACCEPTANCE BANK, INC. AND THE COTTON TRADE
The International Acceptance Bank, Inc., offers to Cotton Exporters a unique service. It is not only equipped to finance shipments to all parts of the world, but, because of the fact that it has as shareholders the leading banks and bankers of Europe, it is in a position to obtain unusual service, advice, and information for its clients.
The International Acceptance Bank, Inc., is constantly in touch with conditions abroad, and maintains extensive credit files on European cotton merchants and spinners. It not only finances millions of dollars of cotton exports every year for its domestic clients, but opens credits for an even larger amount in favor of American shippers by order of its clients abroad.
The International Acceptance Bank, Inc., deals actively in foreign exchange, and by reason of the large orders it receives from abroad, is often in a position to purchase foreign currency drafts of cotton shippers at exceptionally fine rates.
PART TWO
WOOL
By
James Paul Warburg
Vice-President
International Acceptance Bank, Inc.
Photographs by courtesy of
The American Woolen Co.
Grading fleeces