File No. 817.51/598.
Brown Brothers & Co. and J. & W. Seligman & Co. to the Secretary of State.
Sir: We received yesterday morning your telegram of the 27th instant, and have accordingly notified the Nicaraguan Government at Managua that the $200,000 referred to in your telegram, out of the $400,000, was subject to its disposal.
We understand, unofficially, that Mr. Cuadra has drawn a check to the order of yourself and Mr. Charles A. Douglas for $100,000 on Brown Brothers & Company which has not yet been presented for payment. When this check is deposited for collection, we beg to advise that it will be necessary to send us instructions to pay it out of the $200,000 now held in reserve, as per your telegram of the 27th instant; also that it will be necessary for Mr. Cuadra to give instructions to the same effect.
We have [etc.]
J. W. Seligman & Co.