819.51/233: Telegram

The Secretary of State to the Chargé in Panama ( Offutt )

Your August 24, 2 p.m.

Department will withhold its sanction of loan proposed by Owens until Fiscal Agent Ruan has had ample opportunity to consider the project and report to the Department. Department is taking up with Panaman Chargé d’Affaires question of million dollar loan for refunding internal debt.