Papers Relating to the Foreign Relations of the United States, With the Annual Message of the President Transmitted to Congress December 3, 1912

File No. 817.51/256.

Brown Brothers and Company and J. and W. Seligman and Company to the Secretary of State.

New York, November 2, 1911.

Sir: We beg to advise you that on September 1, 1911, we entered into an agreement with the Republic of Nicaragua, by which we undertook to make a temporary loan of $1,500,000, which the Republic urgently needed. As security for this loan, Nicaragua pledged her customs receipts, and agreed, in order to make such pledge effective, that the customs should be collected by a Collector General to be nominated by us and to be approved by you. We beg to hand you herewith a copy of the agreement referred to.²

The contract having been approved by the Congress of Nicaragua and having therefore become effective, we have, in accordance with its terms, nominated Mr. Clifford D. Ham to be Collector-General of Customs of Nicaragua. Relying upon your good offices in this matter, we submit his name to you, and beg that if it meets with your approval you will so advise us.

Mr. Ham is at present Surveyor of the Port of Manila, in the Philippine Islands, and has been recommended to us as a person qualified for the position and worthy of our confidence.

Respectfully yours,

Brown Brothers and Company.
J. and W. Seligman and Company.

2. Not printed.