838.51/4043: Telegram

The Chargé in Haiti (Sparks) to the Secretary of State

161. The Fiscal Representative reports that Mackey37 telephoned this morning that coffee prices declined further as a result of a report to the effect that Brazil plans to dump its best stocks of coffee on the American market and that, therefore, he could not recommend that Haiti should attempt to sell for the present. In view of terms of development the Fiscal Representative recommended to the Haitian Government to begin immediately negotiations with the American Government for a loan of 1½ to 2 million dollars to finance the new coffee crop. The Minister for Foreign Affairs has just handed me a note in this sense.

  1. C. A. Mackey, coffee importer, New York City.