871.6363/204: Telegram
The Minister in Rumania (Jay) to the Secretary of State
[Received August 7—1:11 a.m.]
54. Department’s telegram 34, July 30, 5 p.m., only received on August 2, 7 p.m. Your paragraph 2. There appears no immediate prospect of further action in Baldwin case pending arrival from America of company’s representative. I firmly believe however present intention of Roumanian Government is to effect as far as possible mutual settlements, as they realize importance attached by us to this question. Regarding negotiations with Equitable and Chase banks see my telegram 53, August 4, 9 p.m.36 I called by appointment yesterday afternoon on Minister for Foreign Affairs who is incidentally also acting Minister of Finance in the absence of Vintila Bratiano and had long and personally friendly interview.
Your paragraph 3. I have informed Minister for Foreign Affairs that I propose to leave on Sunday next and have given him your intentions regarding publicity adding that Legation will refuse press interviews and that I will merely let it be known [that I am going?] home on leave during which I will visit Washington. I added that I believe my presence at Washington would be helpful in reaching a solution of many vexatious questions provided the Roumanian Government continued to show the same good will manifested in recent negotiations. Minister for Foreign Affairs has asked me to see him day before my departure for final conference. …
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Minister for Foreign Affairs informed me Minister of Finance has returned to Paris but we did not discuss his visit to London which [Page 629] [omission?] local press however quotes London Financial Times as stating he refused loan from an oil group owing to unfavorable terms.
I gave the substance of paragraphs 5, 6, 7, 8 to Minister for Foreign Affairs. During my conversation he read me part of a telegram dated August 1st from Roumanian Minister at Washington reporting his latest interview with Department and confirming above information your paragraph 7. Minister for Foreign Affairs asked me to designate member of Legation to meet Secretary General of the Minister of Finance tomorrow to receive suggestions and propositions of Roumanian Government for settlement of private debts. I am sending commercial attaché who has been in correspondence with various American creditors and Secretary Dennis who is leaving Bucharest Friday. Their report will be duly communicated to you.
[Paraphrase.] It is my impression that the present Liberal Government will not continue in power beyond this fall, due to the attitude of our Government and that of Great Britain and to the hitherto unsuccessful visit abroad of the Minister of Finance. [End paraphrase.]
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