882.6176 F 51/23: Telegram

The Secretary of State to the Clerk in Charge of the Legation at Monrovia ( Wall )

[Paraphrase]

3. Your telegram No. 5, February 23, 2 p.m. Department would not be inclined to pass on projected loan before matter is submitted through usual channels by American bankers interested. Refer to enclosure in Department’s circular instruction dated May 16, 1922.22 [Page 417] Terms of loan contracts are primarily subject of business negotiation between Liberian Government and American interests concerned. The position of the Department with respect to any loan to Liberia has been made clear to Firestone. Mr. Hood is fully informed. Discussion of details of any projected loan is considered premature prior to approval of rubber concession. However, this seems a matter for decision of Liberian Government and Firestone.

Kellogg
  1. See press release issued by the Department Mar. 3, 1922, ibid., 1922, vol. i, p. 557.