839.6463/137: Telegram
The Minister in the Dominican Republic (Russell) to the Secretary of State
[Received January 29—6:54 p.m.]
5. Your telegram no. 3[1], January 26, 6 p.m. Government’s position is that Mr. Hunt had always insisted that amount necessary to place plant in working condition could never exceed $50,000 and that article 4 of the contract stipulated $60,000 but that Mr. Hunt in a letter to the Minister of the Interior agreed to induce Government [company?] to advance for this purpose an amount not to exceed $75,000 so that Government never had the least [expectation?] that repairs would cost any such sum as reported by expert but that the entire amount for settlement in bonds including estimated value of plant would be in the neighborhood of $500,000 and this was what municipalities had in mind.