File No. 817.51/256.
Brown Brothers and Company and J. and W. Seligman and Company to the Secretary of State.
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
[Page 1079]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,
J. and W. Seligman and Company.
- Not printed.↩