822.61334/139: Telegram

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

18. Your 15, October 7, 3 p.m. You should discuss this matter again earnestly with the President at the earliest opportunity, stating that the Department relies on the assurances given by ex-President Tamayo, who in his letter of February 5, 1922, to Minister Hartman11 declared that if in 1925 the credit of the Mercantile Bank of the Americas has not been extinguished the tax will be extended until its cancellation.

You should impress upon the President the importance which the Department attaches to the matter and reiterate that the Department relies on his assurances mentioned in your 14, September 22, 4 p.m. and that the Department therefore confidently expects that he will use his influence to have a law passed extending the tax until the debt is paid.

You may also point out the decidedly adverse effect upon the credit of Ecuador, should it fail to provide for the payment of its debts, as was recognized by President Tamayo in his letter above referred to.

  1. Not printed.