File No. 5315/248.

Chargé Fletcher to the Secretary of State.

[Telegram.—Paraphrase.]

Mr. Fletcher states he is informed that representatives of the groups here have telegraphed their principals recommending American participation in the present loan, and adds that if such is the agreement, some one here should be authorized to sign for the American group without waiting for arrival American representative, as such delay would jeopardize successful issue.