Mr. Finch to Mr. Hay.
Montevideo, Uruguay, March 16, 1904.
Sir: I inclose copy of a communication from United States Consul Hopley, of Montevideo, dated March 12, 1904, relating to the commercial, financial, and industrial condition in and about this capital created by the pending revolution.
In this connection I will add that the Government continues to assert its belief that the insurrection will soon be suppressed and on its own terms, unconditional surrender. The revolutionary leaders say they will not disband their forces until the Government meets them on a peace basis which at least will stipulate for full pardon and satisfactory assurances of a free ballot and an honest count.