The Minister in Salvador ( Schuyler ) to the Secretary of State
[Received August 14, 6:20 p.m.]
37. Your telegram number 23, August 11th, 5 p.m. The President has just received cable from Keilhauer stating that he expects definite answer from the bankers next Thursday2 and is unwilling to extend time before then as the money urgently needed. He states that he has been promised 3 million pesos payable on expiration of option on the same conditions. Banker referred to recently told me he would lend nothing except on terms approved by me. If the Keilhauer group will immediately agree to lend 3 million on the terms of option the President will extend time for the remainder.
- August 18.↩