839.6463/149a: Telegram
The Secretary of State to the Minister in the Dominican Republic (Russell)
Washington, March 5,
1924—6 p.m.
4. Your No. 1, January 1 [7], 12 noon.43
You will please inform the Dominican Government that this Government authorizes the issuance of a further issue of $2,000,000 par value of bonds remaining out of the total issue of $10,000,000 authorized in 1922 provided that $951,000. par value bonds thereof shall be held in escrow by the Fiscal Agent of the Dominican Government pending an agreement between the Government and the Power Company. In this connection consult with Mr. Welles to whom detailed instructions are being sent today.
Hughes