Bank of Monrovia Liberia Walter Logan Fry 1934 1935 1930-1940

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