Mr. Wos y Gil to Mr. Gresham.
Washington, October 26, 1894.
Excellency: I have the honor to inform your excellency, in compliance with instructions I have received, that my Government acquiesces in the rescission of the commercial arrangement of June 4, 1891, which has been effected in virtue of one of the alternatives of termination contained in a clause of the said arrangement.
The existence of the aforesaid treaty of commercial reciprocity has had a great influence, most excellent sir, in the development of the commercial relations of the two countries, so that it is legitimate to hope that the mutual benefit flowing from its practical operation will not be diminished otherwise than by the natural consequences of its revocation; and that the trade and industry of the one and the other country may find in the new financial situation advantages and benefits proportionate thereto.
I improve this opportunity, etc.,