File No. 817.51/990
Minister Jefferson to the Secretary of State
Managua, August 8, 1917, 10 a.m.
Department’s July 31, 7 p.m. The Finance Committee of Nicaraguan Congress will report to Congress to-day for its consideration plan of Department in the form of decree.
Article one of the decree authorizes the Executive to change such contracts as may be necessary with the bankers and foreign bondholders in conformity with basis of plan.
Chamorro informed me that he would appoint as the representative of the Nicaraguan Government Ramón Enríquez, Acting Consul at New Orleans, who will proceed to Washington within a few days for the purpose of participating in the execution of a formal contract between the interested parties.
Immediately after the final passage of the plan by the Congress I shall report fully as to its status.