The Acting Secretary of State to the Minister in Portugal (Dearing)
2. Your telegram No. 2, January 12, 6 p.m., and No. 3, January 13, 7 p.m.:
While the Department appreciates Dr. Teixeira’s suggestion that all tobacco bonds held by Americans be concentrated in one bank in the United States and one bank in London, the Government of the United States feels that it would be inappropriate for it to take any steps in that direction until it has been able to scrutinize provisions of the decree referred to by Dr. Teixeira in order to determine whether it safeguards satisfactorily or not interests of the American bondholders, and until after decree has been published.
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