837.51/1509: Telegram

The Chargé in Cuba (Reed) to the Secretary of State

57. Chase Bank Manager informs me $20,000,000 public works credit was today extended for additional 60 days.

Decree published yesterday orders payment of $1,793,000 still due Warren Brothers for road work. Payment to be made at the rate of $50,000 per month from unobligated ports improvement revenues. This would indicate that proposed issue of $10,000,000 treasury notes referred to in the Department’s instruction No. 548, April 30,87 has now been abandoned since no other revenues are available as security.

  1. See footnote 82, p. 550.