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The Minister in the Dominican Republic (Russell) to the Secretary of State

6. In the matter of the Santo Domingo Water, Light and Power Company, further interview with the President, and he states that [Page 672] he does not think that the two million loan should be subordinated to the matter of bonds for delivery to Light and Power Company. As it appears the former is not authorized, all public works will have to be shut down next month. He states that he is also disposed to arrange with Light and Power Company and provide for reasonable settlement in some other way.