825.516/141: Telegram

The Acting Secretary of State to the Ambassador in Chile (Culbertson)

37. Your 89, June 14, 5 p.m. National City Bank are meeting drawings of the Central Bank. Guaranty Trust Company states that additional pressure is being put on them. Your telegram under reference has been communicated to them and they now state that in order to arrive at a decision they need further information on questions whether operation of Bank has been interfered with by any acts of revolutionary Junta apart from supposed decrees. Whether, if so, such interference continues and who are persons from whom present officers receive instructions. They feel that they can not resume payments without official confirmation on these points. They also inquire whether the legal personality of the Bank as it existed prior to June 3d has been impaired de facto by any acts of revolutionary Government and whether operations of the Bank since June 3d have been at all times controlled by directors elected by and representing its stockholders in accordance with its charter. Please cable reply on all above points.