Word: cession
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Dates: during 1930-1939
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...Olaya complained to Secretary Stimson who went in person to see the attorney of National City Co. in New York. The hankers were not urged not to be "unduly technical." Mr. Schoepperle insisted that the Colombian budget had not been balanced as agreed and as for the Barco con cession, he did not "give a damn." On June 20, 1931 the Barco concession was restored to Gulf Oil Corp., to the large satisfaction of the State Department. On June 30 Mr. Schoepperle released the final $4,000,000 installment to Colombia, again to the large satisfaction of the State Department...
...Statesman Stimson, as it appeared circumstantially, played the Barco con cession against the $4,000,000 loan and thus secured a triumph of dollar diplomacy? No, was his indignant answer. The two matters, while parallel, were separate and distinct. The State Department insisted that its sole concern in these negotiations was "the fostering of friendly relations...