822.61334/175: Telegram

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

12. Department has received letter directly from Mercantile Bank of the Americas stating that a settlement has been reached substantially as given in your 15, May 6, 4 P.M.

You should, however, continue to report promptly by cable any important developments affecting this case.10

  1. On May 18, 4 p.m., the Minister informed the Department that an agreement between the Mercantile Bank and the Association of Agriculturists had been signed on May 15 (file No. 822.61334/178).