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United States Department of State / Papers relating to the foreign relations of the United States, 1919

Ecuador,   pp. 171-200 PDF (10.0 MB)

Page 172

By way of information only, I take pleasure in informing you also
that I am officially advised that the deposits daily made to meet the
payment of the bond-holders of the Guayaquil and Quito Railway
Company, now amount to three thousand sucres, which is a result of
the improved economic conditions in the country, due to the suspen-
sion of commercial impediments.
I avail myself [etc.]                      R. H. ELIZALDE
The Acting Secretary of State to the Ecuadoran Minister (Elizalde)
No. 44                        WASHINGTON, January 10, 1919.
SIR: I have the honor to refer to the Department's note of Decem-
ber 26, in which it was stated that of the 14,000 tons of cacao stored
in Ecuador, 10,875 tons had already been sold or shipment arranged
for and that the Department therefore hoped to be informed by
you in the near future of the payment on the coupons of the
Guayaquil and Quito Railway Bonds of the larger part of the sum
of $859,740, which the Government of Ecuador promised to pay out
of the proceeds of the sale of the 14,000 tons of cacao.
I now take pleasure in stating that the Department has received
information to the effect that the remainder of the 14,000 tons of
cacao has been sold. Will you be so good, therefore, as to inquire
of your Government whether it has already made the entire payment
of the sum of $859,740 on the bonds.
Accept [etc.]                             FRANK L. POLK
The Charge' in Ecuador (Belt) to the Acting Secretary of State
No. 344                         Qurro, January 11, 1919.
[Received February 1.]
SIR: I have the honor to inform the Department that during the
last ten days there has [have] been numerous conferences between the
General Manager of the Guayaquil and Quito Railroad, Mr. J. C.
Dobbie, and the Government officials here with regard to the general
railroad situation.
The principal points involved consist of an order on the part of the
Government for a cancellation of the 10 and 5% increases in the pres-
ent passenger and freight tariffs previously agreed upon between the
railroad and the Government as effective October 1, 1917, although
in fact this increase became effective on October 20th. of that year.
From the information I have been -able to secure during the short
time I have been in charge, it would appear that at the end of July

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