Papers Relating to the Foreign Relations of the United States, With the Address of the President to Congress December 2, 1913

File No. 817.51/577.

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

New York, October 2, 1919.

Dear Sir: Complying with the request contained in your telegram of September 17th, we hand you herewith drafts of the following proposed contracts with the Republic of Nicaragua:

1. Collateral Trust Agreement between Nicaragua and the United States Mortgage and Trust Company, for the purpose of securing an issue of $1,060,000 Treasury Bills.

2. Agreement between Nicaragua and ourselves for the purchase by us of the Treasury Bills above mentioned.

3. Agreement between Nicaragua and ourselves regarding the purchase by us of 51% of the capital stock of the Ferrocarril del Pacífico de Nicaragua, the increase of the capital stock of the National Bank of Nicaragua, and the acquisition by us of 51% of the capital stock of said Bank.

4. Agreement between Nicaragua and the National Bank of Nicaragua, Incorporated, relating principally to the increase of the Currency Exchange Fund and the maintenance of the present currency system.

5. Agreement between Nicaragua and the Ferrocarril del Pacífico de Nicaragua.

Wishing to comply in all respects with your request, we have not committed ourselves with Nicaragua to the acceptance of the above contracts, but have notified Señor Cuaclra, Financial Agent of the Republic, that our action with reference to said contracts must depend upon whether or not they receive your approval.

Awaiting your reply [etc.]

Brown Brothers & Co.
J. and W. Seligman & Co.