Mr. Sickles to Mr. Adee.

No. 58.]

Sir: In answer to Department dispatch No. 29, dated July 17, 1899, referring to “certain coupons of renta perpétua de España,” which were issued by the Spanish Government in pursuance of the convention of February 17, 1834, between the United States and Spain, and which were distributed among American citizens thereto entitled in settlement of their claims against the Spanish Government, I have the honor to report that, in reply to my official communication, the minister of state has transmitted to this legation an official letter, a copy and accurate translation of which I beg to inclose.

I have, etc.,

Stanton Sickles,
Chargé d’Affaires ad Interim.
[Inclosure.—Translation.]

Mr. Dupuy de Lome to Mr. Sickles.

My Dear Sir: Your note No. 32, of the 9th instant, transmitting the contents of a dispatch from the Government of the United States relating to the debt arising from the agreement of February 17, 1834, has been duly received by this ministry.

In reply thereto I have the pleasure to state to you that the Government of His Majesty has already given its attention to this matter, carrying its prevision and good faith to the point of providing the necessary sum for the payment of the interest of this debt in the budget lately presented to the Cortes of the Kingdom.

It is my duty, however, to remind you, that you may do likewise to your Government, that, this debt arising out of a treaty which was suspended in virtue of the late war, this matter can not be resolved until the important point of the renovation of the agreements celebrated between the two countries has been decided by the Governments of Spain and the United States.

It is plain that in the protocol of the conference held in Paris on December 8, 1898, between the Spanish and the North American commissioners the latter proposed the inclusion of an article in the treaty of peace renovating all the former treaties, to which proposition the Spaniards objected, because according to them, “some of the treaties were already obsolete or referred to conditions no longer existing, for which reason it was necessary to make a more careful study of each one of them than could be done by the commission.”

The Secretary of State of the United States asked very recently if the Government of His Majesty preferred to treat of the matter of the renovation of the treaties in Washington or in Madrid, and, upon having given the preference to Madrid, it was decided that it should be so.

From all that precedes it follows that the Government of His Majesty will resolve as to the payment of the debt of 1834 at the same time that the subject of the renovation of the treaties is considered.

The Government of His Majesty, wishing to give a proof of its constant good [Page 710] faith, has already taken the proper steps in order to completely guarantee the interests of the holders of the debt of 1834, without this resolution prejudicing in the least the matter which must be resolved by common agreement between the two Governments concerned.

I avail, etc.,

E. Dupuy de Lome.