882.51/1056
The Secretary of State to the National City Bank
Gentlemen: The receipt of your letter of January 22, 1920, is acknowledged and I note with pleasure that you consent to act in the capacity of fiscal agent in the United States for the Republic of Liberia.
You inquire regarding the securing the preliminary approval of this Department or the Treasury Department before making disbursements in this connection. In reply you are advised that it is desired that this Department be given an opportunity, before each disbursement is made by your Bank as fiscal agent for Liberia, to express its objection in case any should exist.
I am [etc.]
Second, Assistant Secretary