853.51/351: Telegram

The Minister in Portugal ( Dearing ) to the Secretary of State

19. My telegram number 18, April 6, 10 a.m.17 It developed in long conversation with Xavier today that Portuguese Government desires American holders to accept payment in three installments April-October 1926, April 1927, as agreed with all other holders fearing, since there are not enough funds on hand or in sight to settle all claims in full at once, that bonds held by others will be passed into American hands for immediate collection [if] American claims are completely satisfied now. I made no commitment.

Xavier verbally conceded points specified in the Department’s telegram 12, March 22, 8 p.m. Full report by mail.17

Dearing
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