814.51/297: Telegram

The Chargé in Guatemala ( Thurston ) to the Acting Secretary of State

Department’s June 5, 6 p.m. This afternoon President Cabrera requested me to inform the Department that he accepts with pleasure the appointment of Professor Kemmerer and that the salary arrangement and that regarding the time to be devoted to the work are satisfactory. He further stated that every assistance will be given Professor Kemmerer.

The Banco Americano has been given 6,000,000 pesos and expects 4,000,000 more. Four banks dominated by the Government have drawn up petition requesting issuance of the 60,000,000 under greatly modified version of decree number 1003. Nevertheless President Cabrera again assured me this afternoon this issue will be withheld.

Thurston