422.11 Am 8/8: Telegram

The Secretary of State to the Minister in Ecuador ( Hartman )

22. Your 33, November 14, 11 a.m. [p.m.].3

Inform President as follows: Amsinck and Company states it is desirous of doing all it can to solve present difficulties and as a prerequisite to starting negotiations regarding exchange wishes to make certain as to correctness of its assumption that debt as stated is acknowledged by municipality and that decree fixing arbitrary rate of exchange will not be applicable in this case; also that Company asks that 48,110.39 sucres held by Banco Comercial y Agricola and 120,000 sucres of Cedulas Hipotecarias deposited in said bank to guarantee drafts of which Company was notified by Bank’s letter of October 11, be placed in trust or otherwise secured for Company pending result of contemplated negotiations.

Cable report.

  1. Not printed.