File No. 5748/2–3.
American Legation,
Buenos
Aires, September 25,
1907.
No. 614.]
[Inclosure.—Translation.]
The Minister for Foreign
Affairs to Chargé Wilson.
Ministry for Foreign Affairs and Worship,
Buenos Aires, September 24, 1907.
Mr. Chargé d’affaires: In its note of May
29, last, the legation under your charge requested information
concerning certain 6 per cent gold bonds of the Entre Rios Eastern
Railway Company, which, according to the indorsement on same, enjoy
the guarantee of the Argentine Government, and in reply to your
request I have the honor to communicate to your excellency the
following information that has been sent from the proper section of
the ministry of public works:
“The National Government, by law No. 1551, of October 7, 1884, made
Messrs. Javier Arrufó & Co. grantees of the Entre Rios Eastern
Railway Company, which runs from Concordia to Gualeguaychú, and this
concession was confirmed by the decree of the government of the
Province of Entre Rios on August 23, 1872, which province guaranteed
6 per cent annually on the effective cost, fixing the cost per
kilometer of this railway at $23,557.50 national gold money by
decree of November 12, 1886. However, as the grantees did not
fulfill the contract, and by virtue of law No. 2716, of September 5,
1889, by which all concessions whose terms had not been fulfilled by
the grantees were canceled, said concession was therefore canceled,
because the first section of the above-mentioned line that ought,
according to the contract, to have been opened for public service in
November, 1889, was not opened, the work having been abandoned
shortly after having been begun and the grantees restricting
themselves to works of slight importance. August 19, 1907.”
I avail, etc.,