File No. 422.11 G93/471.]
The American Chargé d’Affaires to the Secretary of State .
Quito , May, 14, 1912 .
The Ecuadorian Government, in a note received today from the Foreign Office, offers to pay a lump sum of 280,000 sucres to cancel revolutionary bills: 86,000 cash; 14,000 draft at 90 on the Consul General, New York; and 50,000 monthly until extinguished; deducting therefrom value of combustibles supplied by the Government, and items objected to in account for damages. If railway company refuses, Government of Ecuador reserves right to appeal to arbitration. Also insists on review of the bills previous to revolution.
Ecuador offers to pay 100,000 sucres without further delay and refer to arbitration all points under discussion.