^ The Loan and its Consequences 



of these at any rate were disavowed and cancelled by the 

 Liberian Government. 



It cannot be said, however^ that Chinery or the bankers 

 associated with him profited by their share in the enterprise. 

 The bankers received only paper for their money, and were 



71. GENERAL R. A. SHERMAN 



not of course responsible for the defalcations of President Roye, 

 and soon afterwards they went into liquidation. Chinery's 

 commission as Consul-General was revoked, and he was replaced 

 by another Englishman, who brought an action against him in 

 the Courts at the instance of the republic.^ 



' Little or no satisfaction was obtained by these proceedings. Chinery went 

 out to Sierra Leone and there made the acquaintance of Dr. E. W. Blyden, who 



263 



