File No. 882.51/822

The Assistant Secretary of the Treasury ( Rathbone) to the Secretary of State

Sir: I have the honor to acknowledge the receipt of your letter of September 9, 1918, addressed to the Secretary of the Treasury, stating that upon the understandings therein set forth you deem it desirable, as a matter of policy, immediately to announce that a credit of $5,000,000 in favor of the Republic of Liberia has been established.

The aforesaid credit of $5,000,000 in favor of the Republic of Liberia has been established by the direction of the Secretary of the Treasury, and I will be obliged if you will accordingly notify such representatives of the Government of Liberia as should receive notice of the same.

Respectfully yours,

Albert Rathbone