822.61334/135: Telegram

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

14. Department’s telegram 16, September 16, noon. I have received direct assurance from the President that the Mercantile Bank matter will be arranged satisfactorily. The President favors last year’s bill providing for liquidation of the Association and continuation of tax, and is opposed to budget article providing for denial of obligation of the state after December 31st, 1925.