Foreign debt of Guatemala—the United States declines to join with other powers in coercive action, but will reserve for United States citizens all rights secured by such action.a

a. See also under Guatemala.

Pro memoriâ.

The council of foreign bondholders in London, which is seeking to make a new arrangement with the Government of Guatemala respecting the foreign debt of that country, has suggested that the proposed arrangement ought to be acknowledged by the most interested powers, Germany, United States, and England, in order to induce the Government of Guatemala to stick to the new arrangement.

The Imperial German embassy would be much obliged if it could be informed whether the United States Government would be inclined to join in a proceeding of the above-mentioned kind should it be adopted by the German and English Governments.

Washington, April 3, 1902.

[395] Mr. Hay to Mr. von Holleben.