File No. 817.51/590c.

[Untitled]

Gentlemen: Confirming the telephone conversation of even date between Mr. Thatcher Brown and me, I am pleased to note the disposition of the bankers who are about to make the loan to Nicaragua to leave for future consideration the contract between the Republic of Nicaragua and the Pacific Railway of Nicaragua, which provides for a concession between San Jorge on Lake Nicaragua and San Juan del Sur on the Pacific coast.

This Department has been informed that Nicaragua gave a similar concession a few years ago, and has telegraphed the Legation at Managua for a copy thereof.

I am [etc.]

W. J. Bryan.