Trading with the Near East PDF ePub eBook

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Trading with the Near East free pdf Excerpt from Trading With the Near East: Present Conditions and Future Prospects The establishing of a Constantinople branch of the Guaranty Trust Company of New York brings forcibly to mind the growing importance of the Near East to American foreign trade. Before the war merchandise from the United States was a negligible factor in the business life of Constantinople, and a vessel flying the Stars and Stripes was a rare sight. Today one will find four or five American liners in the Golden Horn at all times. In addition, there are one or two steamers each month which stop on their way to and from Batoum, where they discharge Near East Relief cargoes. Then there are the irregular visits of American tramp steamers. Today a dozen important American corporations have permanent offices there and many other American concerns are represented by local agents. Up to the present time American business in Constantinople has been seriously handicapped by the absence of American banking facilities. Our traders were forced to rely on British, French, or other foreign banks for their financial transactions. This was not only inconvenient but it was devoid of that business secrecy which is so necessary in exploiting new fields. Old Turkish Empire Destroyed The old Ottoman Empire, which has held sway over all that mixture of races from the Adriatic to the Persian Gulf, and from the Balkans to the deserts of Tripoli and Cyrenaica, has been materially reduced. New states are in the process of formation in Arabia, Mesopotamia, Palestine, Syria, Cilicia, Asia Minor, Anapects tolia, Khurdistan, Armenia, Thrace, Macedonia and Albania. Constantinople, that "bridge between Europe and Asia," across which from the earliest times have passed and repassed the forces that were to determine the course of civilization, is becoming once more the scene of an active and ever growing commerce. Harbor Gives City Preeminence The importance of Constantinople rests almost entirely upon its position as a center of water transportation. The local industries are unimportant and few in number, consisting mainly of manufactures of morocco leather, saddlery, tobacco pipes, fez caps, arms, perfumes, and gold and silver embroideries. The railroad which connects the city with interior Europe and the Anatolian railway which terminates at Haidar Pacha have never been extensive freight carriers. It is the constant stream of ships - ships of all kinds and all flags passing in and out of Constantinople harbor - that gives the port its position of preeminence in the Near East. Situated at the junction of the Bosporus and the sea of Marmora, Constantinople is practically an aggregation of three towns - Stamboul, Galata-Pera, and Scutari - besides numerous suburbs scattered for a distance of about twelve miles along both sides of the Bosporus. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully- any imperfections that remain are intentionally left to preserve the state of such historical works."

About Guaranty Trust Company of New York

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Details Book

Author : Guaranty Trust Company of New York
Publisher : Forgotten Books
Data Published : 27 September 2015
ISBN : 1331720044
EAN : 9781331720041
Format Book : PDF, Epub, DOCx, TXT
Number of Pages : 30 pages
Age + : 15 years
Language : English
Rating :

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    Download Ebooks From Library. Excerpt from Trading With the Near East: Present Conditions and Future Prospects The establishing of a Constantinople branch of the Guaranty Trust Company of New York bri