811.51632 National City Bank/23: Telegram

The Ambassador in Brazil (Morgan) to the Acting Secretary of State

14. Department’s 17, April 1, 6 p.m. Please assure National City Bank that Embassy is actively supporting before the Brazilian Foreign Office their contentions. Conferred again with that office on March 31st. Foreign Minister fully appreciates bank’s viewpoint which he is recommending to acceptance of Minister of Finance.

Improbable that modification of fine can be arranged without delay, although I am convinced that a satisfactory adjustment will eventually be made. Bank more likely to obtain substantial modification if it does not press for immediate solution, a course which may antagonize the authorities who are handling the case.

Report follows by mail.