File No. 817.51/1060
[Untitled]
Washington, November 22, 1917.
Most Excellent Sir: I hereby confirm my previous notes of the 20th and 21st [22?] instant by which in compliance with the provision in the Chamorro-Bryan Treaty as to the expenditure of the three millions, agreement was to be reached by the two High Contracting Parties, as has been duly done, payment of that money having already been ordered as follows: [Page 1150]
- $500,000 to the Government of Nicaragua for the payment of overdue salaries.
- $485,000 to Messrs. Brown & Co., as interested parties in the Emery claim and agents of other claimants.
- $111,404.83 paid to the National Bank of Nicaragua, amount of principal and interest due to it.
- $530,000 paid to Brown Bros. & Co. and J. & W. Seligman & Co., being half of the principal owed them.
- $211,184.14 paid to the same bankers, being the interest on all the principal owed them up to the first of this month.
- $26,512.66 paid to the aforesaid bankers on account of expenses incurred and
- $799,720.23, the equivalent of £168,008.4/7 to be paid to the Foreign Bondholders. All these disbursements are in accordance with the contracts signed at New York on October 20 and approved by the Congress of Nicaragua on the 14th instant. The total amounts to $2,663,821.86 which, deducted from the $3,000,000 leave a balance of $336,178.14 which I beg your excellency to deposit in a bank to be disbursed, like that held by the Receiver General of Customs up to November 30, in paying the internal debt as agreed in the contracts.
As the disbursement of the money stipulated in the Chamorro-Bryan Treaty which since its conclusion was lawfully held in deposit by the Treasury of your Government will thus be brought to an early termination, may I be permitted once more to express in behalf of my Government thanks for the valuable part you have taken in winding up this matter in which with spontaneous zeal you have proved yourself the most zealous guardian of Nicaragua’s interests.
With assurances [etc.]