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United States Department of State / Papers relating to the foreign relations of the United States, 1922
(1922)

Bolivia,   pp. 640-650 PDF (3.8 MB)


Page 640

BOLIVIA
CONTRACT FOR A LOAN TO BOLIVIA BY AMERICAN BANKERS,
MAY 31, 1922
824.51/93
Messrs. Curtis, Mallet-Prevost & Colt to the Secretary of State
NEW YORK, March 27, 19?9?.
[Received March 29.]
SIR: Stifel-Nicolaus Investment Company, Spencer Trask & Co.,
and The Equitable Trust Company of New York, for whom we are
acting as counsel, contemplate the purchase of $19,000,000 of a new
issue of bonds of the Republic of Bolivia of a total authorized issue
of $33,000,000. $7,000,000 of the balance of the issue are to be issued
in exchange for a like amount of bonds now outstanding and the
remaining $7,000,000 are to be used for contemplated railroad im-
provements. This new issue is made in pursuance of the agreement
between our clients and the Republic of Bolivia dated December
5, 1921,' providing for a temporary loan of $1,000,000, the details
of which were submitted to your Department by a representative
of our office before the execution of said contract. For your con-
fidential information we hand you herewith the Proposal of the
Bankers and the Financing Plan submitted by them to the
Republic.'
As the proposed loan tends to assist American industry and to
promote foreign trade, providing, as it does, for additional rail-
way construction in the Republic of Bolivia and for the payment
of obligations of the Republic now held by American citizens, our
clients would be glad to know if the purchase by them of the issue
above referred to meets with the approval of your Department and
we respectfully request an expression of your views in this subject.
As this matter is urgent we take the liberty of requesting an early
reply and remain,
Very respectfully yours,
CURTIS, MALLET-PREVOST & COLT
824.51/93
The Secretary of State to Messrs. Curtis, Maltet-Prevo'st & Colt
WASHINGTON, April 11, 1922.
GENTLEMEN: The Department is in receipt of your letter of March
27, 1922, in which you state that Stifel-Nicolaus Investment Com-
Not printed.
640


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