838.51/2748: Telegram

The Acting Secretary of State to the American Delegation to the Seventh International Conference of American States

42. Your No. 20, December 2, 8 p.m.81 As of possible interest in connection with the proposal of the Haitian delegation for withdrawal [Page 774] of American control over Haitian finances through the designation of the National Bank of Haiti in place of the Financial Adviser-General Receiver, you are informed that the National City Bank has offered to sell the entire capital stock of the National Bank of Haiti to the Haitian Government at a figure understood to be in the neighborhood of two million dollars.

The Department is not informed as to the attitude of the Haitian Government toward the offer. The Financial Adviser-General Receiver has reported to the Legation that he would regard the acquisition of the Bank as not being in the interest of Haiti’s finances.

Phillips
  1. See telegram No. 85, December 4, 3 p.m., to the Minister in Haiti, supra.