811.51632 National City Bank/12: Telegram
The Ambassador in Brazil (Morgan) to the Acting Secretary of State
[Received 4:47 p.m.]
10. Department’s No. 12, March 11, 4 p.m., and No. 13, March 11, 5 p.m. Hart and I agree that our immediate efforts should be applied to obtaining permission of the Minister of Finance for the bank to sign a “termo de responsabilidade” for the payment of the fine. The Foreign Minister, whom I saw again this afternoon, will support the proposal to sign a “termo” with the President of the Republic and Minister of Finance.
The contents of the Department’s telegram No. 13, March 11, 5 p.m., will be held in reserve until signature of “termo” is settled.
The Foreign Minister recognizes the international feature of the case and deplores the precipitous action of the bank examiner. Desire that the Department send me a friendly message for the Foreign [Page 470] Minister, the text of which I can transmit as representing your views of the case especially as bearing on the financial situation of Brazil abroad.