839.6463/168: Telegram

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

56. Congress has authorized the purchase by the Government of the plants of the Santo Domingo Water, Light and Power Company for $400,000; $100,000 cash and the remainder in two years. I have stated to the President that if Government’s offer were made there was no doubt but that it would be accepted by the company and I hope this [there] will be no hitch in the matter. Minister of Fomento has been very active in Government’s settlement and has zfulfilled all of his promises to me.