817.516/181: Telegram

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

228. My 225, September 17, 3 p.m.70 Tomas Soley Guell has been appointed representative of this Government for the proposed conference. [Page 655] He is a Costa Rican reputed to be an expert in financial matters and to have been instrumental in stabilizing the currency of Costa Rica. He organized the Mortgage Bank of Costa Rica and has just completed a plan for organizing a similar bank in Guatemala. He will be fully instructed and will have full powers. He will be joined in Costa Rica by Emilio Pereira, a high official of the Department of Hacienda, who will accompany him to the United States on an early boat from Port Limon.

President Moncada has just told me that in appointing, an expert to this commission he hopes to present the Nicaraguan case with completeness and clarity and take advantage of this opportunity to terminate this controversy in a complete and satisfactory manner. He said he does not want to interfere in questions of loans but that he wishes to establish definitely the prerogative of the Nicaraguan Government. He said there should be an auditor to keep this Government informed and that he wants the bank to engage in no business activities other than those of a bank of loans and [omission?].

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