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New-York tribune. [volume] (New York [N.Y.]) 1866-1924, October 05, 1922, Image 16

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83030214/1922-10-05/ed-1/seq-16/

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How business men are finding the way Then the Bill-of-Lading Department of
to lower costs and increased profits his bank sets in motion an expert service
which locates his merchandise in a few
through the services of a National Bank
ANEW YORK merchant faced a de?
mand which called for expansion o?
his business. Yet, to increase the capital
invested offered serious problems. He
consults an expert in his bank and dis?
covers a more efficient way of handling
his credits which releases a large amount
of capital constantly tied up in merchan?
dise. The way is thus opened to increased
volume and larger profits.
An importer had an opportunity to
close a profitable deal involving a ship?
ment from one foreign country to another.
But the sellers demanded payment upon
loading, and the owner of the steamer
asked for guarantees in advance. With
the deal hanging in the balance, he turns
to his bank for assistance. Through its
world-wide facilities, satisfactory guaran?
tees are furnished by cable to all parties
concerned. The transaction is put
through with promptness and security.
A merchant was in urgent need of a
carload of produce, five days overdue.
Routine methods had failed to bring relief.
hours and safeguards his margin of profit.
Incidents such as these point to the in?
creasing importance of commercial banks
in business, which is leading to new econo?
mies in the use of working capital?
By giving expert advice in financing
and in handling credits,
By eliminating delays in collections
and in shipments,
By furnishing world-wide facilities for
ascertaining promptly reliable infor?
mation on market conditions at home
and abroad.
Pre-eminently commercial for over
seventy years, the Irving National Bank
has built up many highly specialized de?
partments?all designed to help its cus?
tomers use their capital more efficiently.
A visit to the nearest
Irving Office and a talk with
the Officers in charge will
suggest how these facilities
can serve in your business
and personal affairs.
Offices in Manhattan:
Woolworth Building
42ND Street, Opp. Grand Central
Fifth Avenue at 32nd Street
81-83 Fulton Street
92 West Broadway
Some special Irving services designed
to eliminate delays which tie up capital
AT the disposal of the business man is the Irving
- special Bill-of-Lading Department organized
to trace shipments, to locate freight cars, to elimi?
nate every delay in releasing capital invested in
goods in transit.
Maximum speed is secured for Irving depositors
by direct private wires to important cities, and well
established connections with banks in every part o?
the country.
Quick, accurate service in collections, in transfer
of funds and in securing credit information abroad
is assured through the Irving's correspondents or
special representatives in more than 5,000 foreign
cities and through direct cable connections with
every trade center of the world.
All the resources and facilities of the Irving
are available at its nine offices ? located in New
York's important business centers. Every office is
equipped to give a banking service complete in
every detail.
Eighth Street at Broadway
? Offices in Brooklyn:
350 Fulton Street
Flatbush and Linden Avenues
New Utrecht Avenue at 53 rd Street

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