Q. Do you specialise in practice or do you consider propositions of various kinds?

A. All sorts of propositions, railway building, harbors, tramways, electrical enterprises, etc.

Q. Do you sometimes take an interest in business such as placing Pennsylvania Railroad and Union Pacific bonds?

A. Yes.

Q. You frequently act as managers of syndicates which might include the other banks of France?

A. Very often we take the head of syndicates.

Q. You are the leading bank in that business in France?

A. They say so.

Q. Is there cordial co-operation between the banks of Paris and the Bank of France, generally speaking?

A. Yes; business as a rule is done, when it is a big business, with several of these big societies or banks, and perhaps with all of them together.