Papers Relating to the Foreign Relations of the United States, With the Address of the President to Congress December 5, 1916

File No. 822.51/212

Chargé Belden to the Secretary of State

[Telegrams]

American Legation,
Quito, August 1, 1916.

Your July 12. Minister of Finance resumed duties a few days ago. Great reserve regarding loan negotiations is maintained.

Without definite information, I am inclined to think it is the intention of the Government to present to Congress a proposal for a loan of $25,000,000 to pay internal debt and purchase of railway bonds. Am endeavoring to obtain information of a more definite character. Norton arrives to-morrow.

Belden