835.51B861/68: Telegram

The Ambassador in Argentina (Bliss) to the Secretary of State

107. Your 81, December 13, 7 p.m. Minister of Finance of Province of Buenos Aires, an old friend, came to see me informally twice last week about his proposed plan for payment of provincial debts. I went thoroughly into the subject with him sustaining American bankers’ position and pointing out especially discrimination his plan would work against American bondholders.

I am informed that Minister has now referred the matter back to French and British Council of Foreign Bondholders and that representative of American banks in London is working on the matter. I am keeping in close touch with the situation and if it seems advisable will take up subject with Minister for Foreign Affairs.