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

File No. 839.51/937.

The Secretary of State to the American Minister.

[Telegram—Paraphrase.]

Department of State,
Washington, January 30, 1913.

Jarvis represents to the Insular Bureau that the National City Bank contract would pay in excess of 7 per cent, according to his calculations, and is therefore illegal, under the specific congressional authorization. The matter will be studied and settled with all possible promptness.

Knox.