The Secretary of State to the Minister in Liberia (Hood)
34. 1. Inform the Liberian Government as follows:
By action of the Senate on November 27 the Joint Resolution to authorize a loan of $5,000,000 to Liberia was recommitted to the Senate Finance Committee without instructions. In view of this action the proposed loan has no prospect of success. The Department, therefore, cannot encourage the Liberian Government to delay further its efforts to arrange the desired financial aid from other sources which may be available.
2. You may add orally and informally that certain private American bankers who have had no connection with earlier loans have indicated [Page 633]an interest in the possibility of making a loan to Liberia, but that this Government, of course, can give no assurance as to whether such a loan can be arranged.