for a successful coup d'etat, I would guarantee, from my personal fortune, a certain amount of
money for the accomplishment of the end in view.  He then stated that it was not a question of a
sum which I could provide from my own funds, since the amount involved would be considerable,
pointing our that it ouwl be a question of life and death for many Bulgarian leaders, and the
problem of supporting their families if they were killed.  In addition, he remarked that as a private
individual I could not supply the armament and munitions that would be needed since, at the
present time, all Bulgarian military stocks are rigidly controlled by the Germans.  In this
connection, however, he told me it would be entirely possible to corrupt the German officers in
control of Bulgarian army supplies and that in fact he had already perfected arrangements to that
end, but that he lacked the essential funds.  He also said that given a signal from the Allies that
they were ready to land in reasonable force, his arrangements were such that he could encircle the
German troops as they were then disposed in Bulgaria, and effect their capture or destruction by
the Bulgarian army.
 
     3.  I asked Monsier Balabanoff what specific assistance in money and material would be
needed.  He replied he could give noe exact estimate but that a possible measure would be
sufficient funds to maintain the army for three months.  As the present military budget represents
about $200,000,000 this would mean about $50,000,000 to which should be added some
$10,000,000 for use with high non-military officials.  Obviously most of these funds would be
spent in Levas but dollar exchange of perhaps $10,000,000 should be reserved for payments
outside Bulgaria.  These estimates are on the basis of a coup d'etat against the Regency.  If the
Regency can be persuaded to participate in the new government, some provision must be made
for their support.  I might point out that for payments in Levas a special issue of currency could
be printed in Washington and that this would require the provision of no immediate dollar
equivalent.  If necessary, I can assure you, in the strictest confidence, with the names of the army
and government officials through whom Monsieur Balabanoff would make the necessary
arrangements.