721.23/1747: Telegram
The Ambassador in Peru (Dearing) to the Secretary of State
[Received May 20—12:48 a.m.]
148. 1. Polo at Foreign Office has just informed me Benavides and Lopez have practically agreed to accept League proposals. Only a few details remain to be settled he says and publication of settlement is expected possibly by Sunday. The news is being noised about and an atmosphere of satisfaction is prevalent.
2. From another source Embassy hears agreement also providing for payment an indemnity by Peru to Colombia and that Benavides has requested that the amount of the indemnity be settled by the United States Commission.
3. Rumored that plan will be put up to both Cabinets tonight and be published tomorrow if approved. Lopez reporting to Olaya by telephone as [at?] 10 o’clock tonight. Details will be telegraphed as soon as possible.