University of Wisconsin Digital Collections
Link to University of Wisconsin Digital Collections
Link to University of Wisconsin Digital Collections
Foreign Relations of the United States

Page View

United States Department of State / Papers relating to the foreign relations of the United States, 1920

Haiti,   pp. 760-853 PDF (33.4 MB)

Page 853

November 22nd, this capital of $13,750,000 shall guarantee an amount
of interest equivalent to that of the loan of $11,000,000 at 71/2 per
cent and which shall have been paid during the first [five] following
year[s]. If the Haitian Government accepted the issue of a loan
at 6 per cent greater than the amount of $13,750,000 which it
proposes it would thereby grant an unjustified advantage to the
lending bankers, an advantage for which the Haitian people would
demand a reckoning from their Government.
The Haitian Government is the more persuaded that its just and
equitable proposition will be agreed to by the American banks be-
cause the Department of State has been good enough to inform it
that it would make known to the bankers what an interest it attached
to the success of this loan and because the Financial Adviser who
will be charged with the operations will have the entire support of
the Government of the United States.
When, as it earnestly hopes, the issue of the $13,750,000 will have
been recognized as sufficient, the Haitian Government will hasten to
give with its full approbation of the operation of the loan the
official authorization to contract in its name.
(See volume I, pages 295 ff.)

Go up to Top of Page