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Industrial and commercial South America

Chapter 288: Branches and Affiliations
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About This Book

The author delivers a systematic, country-by-country survey of South America’s economic and commercial landscape, pairing physical geography with political and statistical sketches. Chapters address area, population, government, topography, ports, transportation networks, and principal industries, and evaluate mineral, agricultural, and manufacturing resources alongside export and trade patterns. Emphasis is placed on infrastructure, ports, and practical figures useful to traders and investors, while the regional organization permits comparative assessment of development, resources, and commercial opportunities across the continent.

APPENDIX II
LEADING BANKS OF SOUTH AMERICA

Including the branches and affiliations of American banks and banking houses, British banks, and the most important local banks of each country.

United States Banks

The National City Bank, 55 Wall St., New York City, which led the way, has branches in six of the South American Republics,

The Mercantile Bank of the Americas, 44 Pine St., New York,

The American Foreign Banking Corporation, 53 Broadway, New York,

W. R. Grace and Company’s Bank, 7 Hanover Square, New York,

The First National Bank, 70 Federal St., Boston,

The American Express Company, 65 Broadway, New York, with offices in Buenos Aires, Argentina; Montevideo, Uruguay; and Valparaiso, Chile; and with correspondents in other cities, performs some banking service.

British Banks

Important banks with New York offices and with many branches in South America are:

The Anglo South American Bank, 49 Broadway, New York, affiliated with

The British Bank of South America, and with

The Commercial Bank of Spanish America, 49 Broadway, New York;

The London and River Plate Bank, 51 Wall St., New York,

The London and Brazilian Bank, 56 Wall St., New York,

The Royal Bank of Canada, 68 William St., New York.

Branches and Affiliations

National City Bank, Branches: Argentina, Buenos Aires, Rosario; Brazil, Rio de Janeiro, Santos, São Paulo, Pernambuco; Chile, Santiago, Valparaiso; Peru, Lima; Uruguay, Montevideo; Venezuela, Caracas.

Mercantile Bank of the Americas: Affiliated Banks: Colombia, Banco Mercantil Americano de Colombia, Bogotá Barranquilla, Cartagena, Medellín, Cali, Girardot, Manizales; Peru, Banco Mercantil Americano de Peru, Lima, Arequipa, Chiclayo, Callao, Piura, Trujillo; Venezuela, Banco Mercantil Americano de Caracas, Caracas, La Guaira, Maracaibo, Puerto Cabello, Valencia; Agency in Ecuador.

The American Foreign Banking Corporation: Argentina, Buenos Aires; Brazil, Rio de Janeiro.

W. R. Grace and Company’s Bank: Argentina, Buenos Aires, W. R. Grace y Cia.; Bolivia, La Paz, W. R. Grace and Company; Brazil, Rio de Janeiro, Grace and Company; Chile: Santiago, Grace y Cia., Valparaiso, W. R. Grace and Company, Iquique, Nitrate Agencies, Ltd.; Ecuador, Guayaquil, Guayaquil Agencies Company; Peru, Lima, W. R. Grace and Company; Venezuela, Caracas, Venezuela Commercial Company.

The First National Bank, Boston: Argentina, Buenos Aires.

The Anglo South American Bank: Chile, Antofagasta, Chillán, Concepción, Copiapó, Coquimbo, Iquique, Punta Arenas, Santiago, Talcahuano, Valparaiso; Argentina, Buenos Aires, Bahia Blanca, Comodoro Rivadavia, Mendoza, Puerto Deseado, Rio Gallegos, Rosario de Santa Fé, San Julian, San Rafael, Santa Cruz, Trelew; Peru, Lima; Uruguay, Montevideo.

The British Bank of South America: Argentina, Buenos Aires, Rosario de Santa Fé; Brazil, Rio de Janeiro, Bahia, Pernambuco, Porto Alegre, Rio Grande do Sul, São Paulo; Uruguay, Montevideo.

The Commercial Bank of Spanish America: Colombia, Bogotá, Barranquilla, Medellín; Ecuador, Guayaquil, Manta; Peru, Iquitos; Venezuela, Caracas, Puerto Cabello.

The London and River Plate Bank: Argentina, Buenos Aires, Rosario de Santa Fé, Mendoza, Bahia Blanca, Concordia, Córdoba, Paraná, Tucumán; Brazil, Rio de Janeiro, Pará, Maceió, Pernambuco, Bahia, Santos, São Paulo, Curityba, Pelotas, Porto Alegre, Rio Grande do Sul; Chile, Santiago, Valparaiso, Antofagasta; Colombia, Bogotá; Paraguay, Asunción; Uruguay, Montevideo, Salto, Paysandú.

The London and Brazilian Bank: Argentina, Buenos Aires, Rosario; Brazil, Rio de Janeiro, Manaos, Pará, Maranhão, Ceará, Pernambuco, Bahia, Santos, São Paulo, Curityba, Rio Grande do Sul, Pelotas, Porto Alegre; Uruguay, Montevideo.

The Royal Bank of Canada: Argentina, Buenos Aires; Brazil, Rio de Janeiro, Santos, São Paulo; British Guiana, Georgetown, Rose Hall (Corentyn); Colombia, Barranquilla; Uruguay, Montevideo; Venezuela, Caracas, Ciudad Bolívar, Maracaibo, Puerto Cabello.

Most if not all of the banks mentioned have correspondents or agents in the chief cities of the countries where they have no branches and some have connections in the smaller cities.

The Irving National Bank, Woolworth Building, New York, has correspondents in the principal cities of South America.

The Guaranty Trust Company, 140 Broadway, New York, is affiliated with the Mercantile Bank of the Americas and has other correspondents.

Other Important Banks in South America

Argentina: Buenos Aires, Banco de la Nación Argentina, with 18 branches in as many Argentine cities, Ernesto Tornquist and Company, Banco de la Provincia de Buenos Aires, American Bank of the River Plate; La Plata, the Central Bank of the Provincia de Buenos Aires, which has branches in many cities of the Province.

Bolivia: La Paz, Banco de la Nación Boliviana, branches in Cochabamba, Oruro, Potosí, Tarija, Uyuni; Banco Francisco Argandoña, also in Cochabamba and Oruro; Banco Mercantil, also in Cochabamba, Oruro, Potosí, Tarija, Tupiza, Uyuni; Banco Nacional de Bolivia, branches in Cochabamba, Oruro, Potosí, Tupiza, Uyuni.

Brazil: Rio de Janeiro, Banco do Brasil, with branches in most of the Brazilian cities, Banco Nacional Brasileiro; São Paulo, Banco Commercial do Estado de São Paulo; Bahia, Banco de Bahia; Pará, Banco de Pará; Pernambuco, Banco do Recife; Bello Horizonte, Banco Hypothecario e Agricola de Estado de Minas Geraes; etc.

Chile: Santiago, Banco de Chile, branches in many cities; Banco Español de Chile with branches; Banco de A. Edwards y Cia.; Valparaiso, Banco de Chile y Argentina, branches in Punta Arenas, and also in San Julian and Santa Cruz, Argentina.

Colombia: Bogotá, Banco de Bogotá, Banco de Colombia. These banks have fewer branches, if any, than the Bancos de la Nación Argentina, de Brasil, or de Chile, Medellín has the Banco de la Mutualidad, Banco Dugand, and Banco Lopez, found also in Bucaramanga, and in other cities.

Ecuador: Guayaquil, Banco Comercial y Agricola, Banco del Ecuador, Mercantile Overseas Corporation, Juan Marcas y Cia., correspondent of the Guaranty Trust Company.

Guiana: British, Georgetown, Colonial Bank of London (22 William St., New York), branches in Henrietta and New Amsterdam; Dutch, Paramaribo, De Surinaamsche Bank; French, Cayenne, Banque de la Guyane.

Peru: Lima, Banco del Peru y Londres, branches in most of the Peruvian cities, Credito Hipotecario del Peru.

Paraguay: Asunción, Banco Mercantil del Paraguay, branches in Concepción, Encarnación, Pilar, Villa Rica; Banco de la Republica, branch in Encarnación.

Uruguay: Montevideo, Banco de la Republica Oriental del Uruguay, with branches in many cities of the country.

Venezuela: Caracas, Banco de Venezuela, many branches; Banco de Caracas, some branches.

Other American Banks

with facilities for South American Trade are:

New York, American Exchange National Bank, 128 Broadway, Bank of New York, 48 Wall St., Battery Park National Bank of New York, 2 Broadway, Canadian Bank of Commerce, 16 Exchange Place, Lincoln Trust Company, 7 Wall St.

Boston, The Merchants National Bank, 28 State St.

Chicago, Central Trust Company of Illinois, 125 West Monroe St., Great Lakes Trust Company.

Cincinnati, The Fifty-Third National Bank.

Detroit, The Peoples State Bank, Fort & Shelby Sts.

Philadelphia, The Philadelphia National Bank, 421 Chestnut St.

Pittsburgh, Mellon National Bank, 514 Smithfield St.

San Francisco, The Crocker National Bank.

Additional banking information may be found in the Exporters’ Encyclopaedia, annual edition; in Commercial Travelers’ Guide to Latin America, containing lists of banks for each city; and in the Bankers’ Almanac and Year Book, London, annual, with complete lists of banks in the cities of all countries.