◆ SpookStack

wh ty bade, NY 46-2507 ; ee ee oe DEPARTMENT ITEM NUMBLRA 21 This item requests that it be ascertained whether any eee were made at the Chuse National Bank by USPC on the 1,875,000.00 note and, if so, how much was paid and was eny interest paid. I The following investigation was conaucted by SA Qi 7 ) oo It is to be noted, in connection with this item, the Department refers to pxhibit number 20 of the United States Maritime Commission report, dated May 24, 1951. This exhibit is a carbon copy of a promissory note aated March 24, 1948, in: : ghich USPC prom ses'to pay to the oraer of Ariona the sum of: Bae Se et 875,000.00 “at--the-of fice. of-the Chase National Benk of. the... ity of New York. The installment dates ana amounts are set : forth and the interest rate is stated as three percent per annum. . HAROLD 0, ERCKER, Treasurer and Assistant Secretary of USPC, was questioned concerning the foregoing promissory note. BECKER reviewed the records of USPC and produced a photostatic copy of the vromissory note in question and such photostat is _. being submitted with this report as enclosure number 1. It is to be noted, in connection with the promissory note produced by BECKER, that it is datea March 29, 1918 and states that USPC promises to pay to the order of Ariona tne sum of $1,875,000.00 ana such »ayments are to be mage at the office of the company in the City of New York, BkECibn also producea a ~~ so photostetic copy of a letter aated January 26, 1949, from Ariona, to USPC. A photostatic conv of this letter is being submitted with this report as enclosure number 2. This letter makes refer- -_- a et ed te gp ee a oy Po wt a . . ve ere + eee ea “ Pe ee Pt Slee” Se Fa oy Re” ee Mle Se Ce be s. ghd oat BET