“To whom?”
“Katsuma and Company.”
“Japs, eh?”
“They’re good.”
“Financial rating is unquestionably splendid. Know anything about the moral rating of a Japanese business firm?”
“They’ve always met their business obligations.”
“Any Jap will—until the meeting of them becomes burdensome or unprofitable. Ninety day paper, I suppose.”
Casson smiled triumphantly. “No, not with Katsuma and Company. Sight draft against bill of lading, payable at the Philippine National Bank.”
“Well, that’s better than I had expected. Unfortunately the cargo has to be loaded aboard ship before that draft will be cashable. That means thirty days of suspense—and I do not like the financial aspect in the East. Prices must come down—and once they start downward they may develop into an economic avalanche. It’s an unhealthy situation and I don’t like it. Where’s your contract with Katsuma and Company?”
Casson handed it to him and Dan scanned it carefully, nodded his approval, rang for the chief clerk and gave the contract to him to be placed in the safe.