812.51/1549
The Ambassador in Mexico ( Morrow ) to the Secretary of State
[Received January 9, 1930.]
Sir: I have the honor to refer to the Department’s instruction No. 1737 [578], of March 27, 1929, laying down certain principles and pointing out certain precedents for my guidance in connection with such steps as the Mexican Government may take to reach an agreement or agreements with any or all classes of its creditors.
No occasion has as yet arisen to make any formal or informal official representation to the Mexican Government, in pursuance of the Department’s instructions, but, in unofficial and personal conversations with various officials of the Mexican Government, I have consistently urged for more than two years such financial measures as would properly recognize and protect the rights of all creditors as [Page 473] their interests and priorities might appear and also help to reestablish the financial stability and credit of the Mexican Government itself.
. . . . . . .
I have [etc.]