When our branch was established at Whittingham there had been an arrangement made between ourselves and the Government, by the terms of which we were to have the Government business, and to occupy, in fact, much that quasi-official position enjoyed by the Bank of England at home.  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.  Your directors never made a better investment.”

I thanked his Excellency, accepted a cigar, and withdrew with a peaceful mind.  I had no responsibility in the matter, and cared nothing whether the directors got their interest or not.  I was, however, somewhat curious to know who had taken up the rest of the loan, a curiosity which was not destined to be satisfied for some time.

The works were begun and the interest was paid, but I cannot say that the harbor progressed rapidly; in fact, I doubt if more than one hundred thousand dollars ever found their way into the pockets of contractors or workmen over the job.  The President had some holes dug and some walls built; having reached that point, about two years after the interview above recorded he suddenly drew off the few laborers still employed, and matters came to a dead stop.

It was shortly after this occurrence that I was honored with an invitation to dine at the Golden House.  It was in the month of July, 1882.  Needless to say, I accepted the invitation, not only because it was in the nature of a command, but also because the President gave uncommonly good dinners, and, although a bachelor (in Aureataland, at all events), had as well ordered a household as I have ever known.  My gratification was greatly increased when, on my arrival, I found myself the only guest, and realized that the President considered my society in itself enough for an evening’s entertainment.  It did cross my mind that this might mean business, and I thought it none the worse for that.