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...Señor Tijerīno; then purported to explain the nature of the "loan contract." He alleged that a 1,000,000 credit was set up in Manhattan on which the Nicaraguan Government pays 6% annual interest, plus a 1% commission interest on the whole amount, whether any of the credit be withdrawn...
...Señor Toribio Tijerīno, onetime Nicaraguan Consul General at New York, recalled last week to Manhattan newsgatherers the fl, 1,000,000 loan negotiated between the present Nicaraguan Government (upheld by U. S. marines) and the Manhattan firms of J. &. W. Seligman & Co., and the Guaranty Trust Co. (TIME, May 16). Said Señor Tijerīno: "The loan contract was entered into with the knowledge and approval of the State Department of the United States...
...Nicaragua, Inc., and the Pacific Railways of Nicaragua, Inc., a position which they allegedly made use of to transfer some 3,500,000 of funds belonging to these institutions from the Royal Bank of Canada to the Guaranty Trust Co. and J. & W. Seligman & Co. Upon these deposits, Señor Tijerīno; alleged that only 2% and 2½% interest is being paid...
...Lastly Señor Tijerīno; (whose statement to the press was in the form of an open letter to Senator Henrik Shipstead*) declared...
...Mexico City next morning a huge crowd awaited the bier of Señora Calles which was transferred from the train to a hearse by members of the Cabinet and high army officers. President Calles entered his limousine, which followed the hearse at a walking pace as it passed along the magnificent Paseo de la Reforma, a tree-lined boulevard extending in an absolutely straight line for over a mile from the centre of the City to Grasshopper Hill...