This set of photos shows the Bank of Monrovia, and its
staff; as well as the interior of Walter Logan Fry's residence
in Monrovia, overlooking the Mesurado River. Note especially
the Ldamie figure shown in the detail of one of the photos. Now more about the Bank of
Monrovia:
Walter Logan Fry graduated from Ohio University in 1931. Between 1931 and January, 1934, he was a clerk for
the First Central Trust Company of Akron, Ohio, working
in all departments of the bank. The United States Trading Company [USTC] hired him in January, 1934 for the recently formed Bank of Monrovia.
In a document prepared August 20, 1953, Mr. Fry described
his duties for the Bank
of Monrovia, as follows:
"All business of Liberia passed through me during the
time that I resided there either as: exports of The United
States Trading Co. on which B/L [bills of lading] and invoices
had to be drawn and executed and for which consular invoices
and permits had to be obtained; imports of the The United
States Trading Co. on which declarations had to to be made
and duty paid; sales by The United States Trading Co. within
the country; imports of all other businesses secured by
bills or drafts attached to B/L, which were made payable
to my office, the official depository of the country [of
Liberia].
"Some of my duties were to audit the work of the twelve
bookkeepers and clerks; balance the foreign exchange accounts;
transfer funds by cable between our New York and London
accounts; order money shipped between London and Liberia
as the use of money expanded or contracted; transfer funds
into a local account after advice of a deposit in one of
our foreign accounts; arrange for transportation by coding
and sending cables requesting that a ship be ordered to
call at the Port of Monrovia, and decoding cables advising
the arrival of a ship and requesting that the proper port
officials and stevedoring company be on hand to meet her;
and accept payment on drafts and bills.
"The currency of Liberia was the English Pound Sterling.
However, bills and drafts drawn in the currency of many
nations were accepted and paid in my office."
- W. Logan Fry
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