The Acting Secretary of State to the Ecuadoran Minister ( Elizalde )

No. 44

Sir: I have the honor to refer to the Department’s note of December 26, in which it was stated that of the 14,000 tons of cacao stored in Ecuador, 10,875 tons had already been sold or shipment arranged for and that the Department therefore hoped to be informed by you in the near future of the payment on the coupons of the Guayaquil and Quito Railway Bonds of the larger part of the sum of $859,740, which the Government of Ecuador promised to pay out of the proceeds of the sale of the 14,000 tons of cacao.

I now take pleasure in stating that the Department has received information to the effect that the remainder of the 14,000 tons of cacao has been sold. Will you be so good, therefore, as to inquire of your Government whether it has already made the entire payment of the sum of $859,740 on the bonds.

Accept [etc.]

Frank L. Polk