Office of the Historian

No. 727.
Señor Camacho to Mr. Evarts.

[Translation.]
New York, February 7, 1881. (Received February 9.)

Sir: Referring to the last interview I had the honor to have with your excellency, I beg to present herewith a project of convention between the United States of America and the United States of Venezuela for the distribution of the monthly payments to be made by the latter into the legation of the first at the city of Caracas.

I hope that it will meet your approval, and beg your excellency to appoint a day, at your earliest convenience, to discuss, and, if possible, conclude the subject.

I take advantage of this opportunity to renew to your excellency the assurance of my highest consideration.

SIMON CAMACHO.

project of a treaty.

[Translation.]

The United States of Venezuela and the United States of America being equally desirous of facilitating the distribution of the monthly payments that the Government of Venezuela is making to its foreign creditors, have agreed to celebrate a convention for such purpose, and, therefore, the Secretary of State of the United States of America and. Simon Camacho, chargé d’affaires of the United States of Venezuela, have agreed upon the following articles:

  • First. The Government of the United States of Venezuela will pay monthly into the legation of the United States of America, at the city of Caracas, a sum equal to the 13 per cent, of the forty units of its customs receipts.
  • Second. The United States of Venezuela agree to augment the monthly payments, which are now estimated to amount to 960,000 bolivars, to 1,040,000 bolivars per annum, paying the difference between the aforesaid sums on the 31st day of December of each year.
  • Third. The United States of America, through their legation in Caracas, will receive the monthly payments made by the Government of Venezuela, and the difference referred to in the precedent article, and will distribute them among the foreign creditors of Venezuela, that is to say, Denmark, France, Germany, Great Britain, Holland, Spain, and the United States of America, pro rata, at the present rate of distribution, or such other as may be established.
  • Fourth. The two contracting parties mutually agree to severally exert their good offices and friendly influence to have this convention accepted and ratified by the aforesaid creditors of Venezuela.