President Wilson to the Secretary of State

My Dear Mr. Secretary: The argument of this paper seems to be unanswerable, and I thank you for setting it out so explicitly and fully.

This will serve us as a memorandum when the time comes, and the proper occasion, for making a public declaration of policy in this important particular. Just now, I take it for granted, it is only for the guidance and clarification of our own thought, and for informal discussion with our Latin American friends from time to time, semi-confidentially and for the sake of a frank understanding.

Faithfully Yours,

W. W.