File No. 711.21/200.
Bogotá, October 8, 1913.
Sir: In reference to your telegraphic instructions dated September 29, I have the honor to enclose herewith copies of the original Spanish [Page 322] text and English translation of the Minister for Foreign Affairs’ note of the 6th instant in acknowledgment of mine dated October 1st, in which, pursuant to your instructions, I made a formal offer of twenty million dollars in full settlement of all our pending differences with Colombia, to include also any claims Colombia might have against the Republic of Panama.
I have reason to know that the terms in which my note was couched, made a most favorable impression upon the President, the Minister, and the Committee on Foreign Affairs.
With the help of the Committee and under the President’s direction, the Minister will now proceed to draft a counter-proposition and in order that it may come as near being acceptable as possible to the Government of the United States, Dr. Urrutia will confer with me regarding the respective points to be contained therein.
I understand that the counter-proposition will consist of a note transmitting the essential conditions desired by Colombia in the form of a project for a treaty. This draft treaty will consist of at least four articles embodying the following cardinal points: one, moral reparation; two, preferential privileges in the Canal; three, fixation of boundary line; and four, money indemnification. In discussing these several features it will be my earnest endeavor to keep the Colombian demands within reasonable bounds.
I have [etc.]