File No. 817.51/873
The Secretary of State to Minister Jefferson
Washington, January 26, 1917, 4 p.m.
Your January 18, 4 p.m. The inclusion of mixed claims awards in investigation had reference only to awards which had changed hands for purposes of speculation. Department has felt that speculators are not entitled to full value of award if bought at low figure [Page 1114] for purpose of great gain. What are your views and those of Nicaraguan Government?
The three propositions of the President are being carefully considered. But it is felt that No. 1 must wait for decision until result of investigation is known.
Does No. 2 contemplate an additional 150,000 dollars out of Canal fund after 250,000 dollars is paid and 240,000 dollars released after payment of Ethelburga interest?