THE INTERNATIONAL ACCEPTANCE BANK, INC. AND THE WOOL TRADE
The International Acceptance Bank, Inc., opens commercial letters of credit in South America, Australia, and South Africa for the importation of raw Wool. It is particularly well equipped to handle this business because of its intimate connection with The First National Bank of Boston, which is not only the leading wool bank of the country, but also maintains a branch in Buenos Aires. The First National Bank of Boston is one of the most important stockholders of The International Acceptance Bank, Inc.
By reason of its having as shareholders Messrs. N. M. Rothschild & Sons and The National Provincial Bank Ltd., London, as well as many other correspondents in that city, The International Acceptance Bank, Inc., is able to finance imports of wool by means of Sterling credits as well as through its own Dollar facilities.
PART THREE
SILK
By
Benjamin Strong, Jr.
of the
International Acceptance Bank, Inc.
Photographs by courtesy of
William Skinner & Sons and
the Keystone View Co.
Picking Mulberry Leaves