As a _quid pro quo_, the bank was to lend to the Republic the
sum of five hundred thousand dollars, at six per cent. The President
was at the time floating a loan of one million dollars for the purpose
of works at the harbor of Whittingham. This astute ruler had, it
seemed, hit on the plan of instituting public works on a large scale
as a corrective to popular discontent, hoping thereby not only to
develop trade, but also to give employment to many persons who,
if unoccupied, became centers of agitation. Such at least was the
official account of his policy; whether it was the true one I saw
reason to doubt later on. As regards this loan, my office was purely
ministerial. The arrangements were duly made, the proper guarantees
given, and in June, 1880, I had the pleasure of handing over to the
President the five hundred thousand dollars. I learned from him on
that occasion that, to his great gratification, the balance of the
loan had been taken up.
"We shall make a start at once, sir," said the President, in his usual
confident but quiet way. "In two years Whittingham harbor will walk
over the world. Don't be afraid about your interest.
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