811.51632 National City Bank/5: Telegram
The Acting Secretary of State to the Ambassador in Brazil (Morgan)
8. Your February 28, noon. National City Bank advises Department of the receipt of cable from manager of São Paulo branch stating they are confidentially informed that on February 28, the Minister of Finance issued General Order prohibiting giving guarantees instead of making a cash deposit when appealing fines in the future. Cable adds that if this information is correct the order apparently was issued to apply to the bank’s case and that the Department should call for extraordinary activities on the part of Embassy in order to avoid that one official could levy such a large fine and demand such a large deposit based on his personal judgment which is so openly prejudiced.
Please investigate and report also please use your good offices with the Government for an extension of time and also in view of the fact that the National City Bank is a responsible institution that it not be required to make the deposit of guarantee. Cable results.