839.51/3942: Telegram
The Secretary of State to the Minister in the Dominican Republic (Schoenfeld)
25. Your 37, September 13, 1 p.m. When Mr. Newman called on me recently he stated that the surplus is available and ready at all times to be turned over for amortization purposes but that the Dominican Government was desirous as soon as opportunity arose to proceed with the refunding plans in the hope that eventually it might be able to utilize some of the present surplus for emergency internal improvement purposes.
I made no commitment whatever but stated that I believed the Dominican Government should at once, on its own initiative, make a substantial remittance from the surplus in the emergency fund for amortization purposes.
No “financial plan” was submitted to me and, therefore, I did not approve one.