838.51/1028: Telegram
The Secretary of State to the Minister in Haiti (Bailly-Blanchard)
108. Your 95, November 23, noon.
You may inform the President that with the following exception the proposal of the Haitian Government as conveyed in its reply to the Department’s recommendations contained in its 104 of November 16, 6 p.m., meets with the approval of this Government. You may state that the Financial Adviser will communicate the proposition of the Haitian Government to those banks which it is believed may be interested and will proceed at once, pending receipt of formal authorization, with negotiations for the flotation of the loan. You should impress upon the Government, however, that while the Department hopes that American banks will be willing to accept the proposition of the Haitian Government on the terms communicated in its latest statement, it is by no means certain that the $13,750,000 bond issue, authorized by the Haitian Government for collateral, will be considered sufficient. You may state further, that the Department [Page 852] assumes that if it is found that no banking interests in this country will take up the loan on that basis, the Haitian Government will authorize a bond issue of $15,000,000 to be used as collateral instead of the lesser amount which they now insist upon. The Department desires you to make it plain to the Haitian Government that the Department’s interest in the notation of this loan will be made evident to the bankers and that the Financial Adviser will have all proper support from this Government.