File No. 817.51/868

The Secretary of State to Minister Jefferson

[Telegram—Extract]

Your December 31, 3 p.m.3 and January 12, 4 p.m. Matter of Ethelburga proposition discussed with bankers in New York yesterday, who are cabling to find out if bondholders will agree to even better terms than they already offered.

Matter of appointment of Financial Adviser and formation of commission demand immediate attention.

Lansing