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Paul Moritz Warburg, Liberia, banking, loans
The document is a carbon copy of a typed letter from the Assistant Secretary of State to Paul M. Warburg concerning the possibility of American bankers providing a loan to the Republic of Liberia.
Francis Mairs Huntington-Wilson
Paul M. Warburg
Folder 1-10, Document 17
January 15, 1910.
Dear Mr. Warburg:
Referring to your letter to the Secretary, of January 7th, in which you expressed the hope that the Department would be able to avail itself of your services in the Liberian loan matter, I have the honor to inform you that the Department is now engaged in formulating tentative plans with a view of affording assistance to Liberia, and I would be pleased to have you, if convenient, call upon me at the Department on Wednesday next at eleven a.m., to talk over the financial situation of Liberia and the terms of a loan which could be floated by American bankers to pay off the Liberian indebtedness.
The loan, which would be subject to the conditions outlined in the Department's letter to you of December 29th last, would amount to about $1,300,00.00 and should be upon such terms as to not be too much of a burden upon the customs revenues of the country, which amount to something under $400,00.00 per annum at the present time.
Yours very faithfully,
Mr. Paul M. Warburg,
New York, N.Y.
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Huntington-Wilson, Francis Mairs, "Letter From Francis Mairs Huntington-Wilson to Paul M. Warburg, January 15, 1910" (1910). Other Correspondence. 201.