Mr. Combs to Mr. Hay.
Guatemala and Honduras,
Guatemala, September 20, 1904.
Sir: I have the honor to inclose a copy of decree No. 647, withdrawing decree No. 639, called the gold decree, of December 22 last, which excited so much alarm in business circles.
I felt sure, after the vigorous representations made by this legation immediately upon the issuance of the decree to the Guatemalan Government and its response thereto, reported to you in dispatch No. 131 of January 11, 1904, decree No. 639 would never be enforced in the terms feared.
Its formal recall, however, is most satisfactory.
I have, etc.,