File No. 422.11G93/975a
The Secretary of State to the Minister in Ecuador ( Hartman)
General manager in Ecuador of Guayaquil & Quito Railway Co. has telegraphed Norton as follows:
Department advised by telegraph action Congress railway.
Council of Foreign Bondholders, London, wires Norton:
If no prospect better arrangement, suggest you do what you can with State Department’s assistance, if obtainable, to support in Ecuadoran Congress Finance Minister’s proposal to pay arrears in new bonds.
Cable Department what action Ecuadoran Congress is considering taking with regard to railway and with regard to arrears in payment of railway bonds.