23 to 28 December 1914 · Haitianspan
A clerk slams the vault and asks the magistrate if he can be of service
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After the gold went to New York, and after the Banque Nationale and the foreign merchants refused the newsprint gourdes, the Haitian government moved against the bank. On 23 December 1914 it took away the Banque's contract to handle the treasury. On the twenty eighth an investigating magistrate walked in with a warrant and a file of soldiers behind him. Desrue, the French assistant manager, saw what was coming, heaved the main vault door shut, threw the tumblers, spun the dial, then turned around and politely asked the magistrate what he could do for him. The cash drawers and lock boxes yielded 66,910 dollars in gold, and that is what the state carried out. Behind the sealed door lay 400,000 dollars, the remainder of the currency retirement fund. The manager reckoned it would take five or six days of work to open it. With the bank paralysed, Haitian public finance stopped, and on 29 January 1915 the republic announced default on its foreign debt.
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