The Acting Secretary of State to the Chargé in Ecuador (Belt)
Your January 15, 2 p.m.
Department cannot understand statement of Minister of Foreign Affairs to you that 25,000 pounds sterling remitted to London is result of daily deposits. Please immediately ask Minister for definite [Page 177] statement regarding amount which has already been deposited or remitted to London out of the sum of $859,740 which the Government of Ecuador promised to pay to meet the bond interest out of the proceeds of the sale of 14,000 tons of cacao, which undertaking on the part of the Government of Ecuador was reaffirmed by the Ecuadorian Minister in Washington in his note dated January 9.7
You will forward to Department by cable substance of memorandum re issuance of bonds promised you by Minister of Foreign Affairs.
The Department considers that it is not necessary for the Legation to make any statements to the Government of Ecuador in regard to the appointment of a joint commission. Nevertheless, you will continue to report to the Department whatever information you may obtain in this connection.
Confidential. If the railroad company can settle all its differences with the Government of Ecuador without the necessity of calling upon the aid of the United States Government, it would be more satisfactory to the Department.
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