Bolo's affairs were promising well. He had brought with him from Paris a letter of introduction to the New York manager of the Royal Bank of Canada, stating that he was the publisher of _Le Journal_, which required a large quantity of news print paper every day, and that he had been commissioned by all of the other large newspaper publishers in Paris to arrange a contract for 20,000 tons monthly. Bolo confirmed his intention to perform this mission when he deposited in the Royal Bank of Canada $500,000 which Hugo Schmidt had drawn from the German government deposits in the National Park Bank and had given to Pavenstedt, who in turn checked it over to the French traitor. It was not the purchase of print paper which interested him, however, but the perversion, through purchase, of as many French newspapers as he could lay his slimy hands on; once in his possession, they could be made to carry out a sinister propaganda for a separate peace between France and Germany. Germany had offered, through Abbas Hilmi, to yield Alsace-Lorraine in return for certain French colonies, and to evacuate the occupied portions of French soil, and by painting such a settlement in bright colors to the people of France Bolo could have served Germany's ends effectively either by actually accomplishing some such settlement, or by weakening the morale which was so largely responsible for holding the German drive against Verdun, then in the first stages of its fury. On March 17, the Deutsches Bank wirelessed to Schmidt: "You may dispose on Fred Hooven (the Guaranty Trust Company) on behalf Charles Gladhill (von Bernstorff) $1,700 (which meant $1,700,000)." Bolo had his million and three-quarters, which he had asked. He had made disposition of it through the Royal Bank, setting a portion aside to his wife's credit, depositing another portion to the credit of Senator Charles Humbert (part-owner with Bolo of _Le Journal_) and holding a reserve of a million dollars in the Royal Bank subject to his call. Then he took ship for France. His final arrangements with Pavenstedt prompted von Bernstorff to send the following message on March 20 to the Foreign Office: "No. 692, March 20. "With reference to telegram No. 685 please advise our Minister in Berne that some one will call on him who will give him the password Sanct Regis who wished to establish relations with the Foreign Office. Intermediary further requests that influence may be brought to bear in France so far as possible in silence so that things may not be spoiled by German approval. "(Signed) BERNSTORFF."