817.51/1846: Telegram

The Chargé in Nicaragua ( Munro ) to the Secretary of State

[Paraphrase]

294. Department’s telegram dated October 22, 5 p.m. In my opinion a financial survey of Nicaragua would be very useful. It would be advisable to secure the approval of both parties in advance and to emphasize the fact that the object of the financial survey is to outline a constructive program which would meet the approval of both parties and be carried out for the most part by the incoming administration. The survey should be undertaken with dispatch in order that the results thereof may have the approval of Congress before the Presidential campaign is too far advanced. Also, it would be desirable, if preferred, to proceed with a loan in order to render possible at least a partial payment of claims and the setting up of American control over internal revenue, if a plan could be devised in which the findings of the survey would be the basis for subsequent issues.

Munro