ever since
It is little wonder that Honduras has been in default on these loans
ever since. In its Report the Committee commented severely on the action
of Don C---- G----, the London representative of the Republic. 'He
sanctioned,' it says, 'Stock Exchange dealings and speculations in the
loans which no Minister should have sanctioned. He was a party to the
purchase of the mahogany cargoes, and permitted the public to be misled
by the announcements in relation to them. By express contract he
authorized the "additional drawings." He assisted Mr. L---- to
appropriate to himself large sums out of the proceeds of the loans to
which he was not entitled.' Very likely he had not a notion as to what
the whole thing meant, and only thought that he was doing his best to
finance his country along the road to wealth. But the fact remains that
by these actions he made his Government a party to the proceedings that
were so unfortunate for it and so ruinous to the holders of its bonds.
