Bankers at Play

It has occurred before that considerable business is sometimes transacted by prominent financiers during their vacations. Just now the number of Wall Street bankers enjoying an outing in Europe is distinctly noticeable. Practically all the chief banking firms now have representatives abroad: Kuhn, Loeb & Co. is represented by Otto H. Kahn; the Guaranty Trust Co. by Charles H. Sabin, Francis H. Sisson, Willis H. Booth; the Chase Bank by E. R. Tinker; the Bankers' Trust by Fred I. Kent. Secretary of the Treasury A. W. Mellon went abroad some time ago and is now in Paris. The latest departure was that of J. P. Morgan -- to shoot grouse in Scotland.

Meanwhile the prodigiously watered German mark has sunk to an international value of more than a million to the dollar, and even the German press recognizes that a financial crisis is near at hand. If a financial catastrophe in Germany actually occurs, it will be a fortunate coincidence that so many of our ablest international firms have representatives vacationing in Europe.