825.6374/1095: Telegram
The Ambassador in Chile (Culbertson) to the Secretary of State
[Received 5:20 p.m.]
27. Referring to my telegram No. 26, February 6, 10 a.m. Whelpley says that considerable progress was made in today’s conference; that Minister of Finance was more conciliatory toward American interests and while maintaining that some distinctions should be made between the bonds serviced by the 60 peso charge he said that if the project of law could not be satisfactorily amended it might be allowed to sleep in the Senate. The Minister even suggested the possibility of a commission composed of all interests for the formation of a plan. We must avoid any optimism at this time but this conference gave evidence of progress toward the achievement of the Embassy’s efforts to bring about cooperation among all interests in the nitrate industry for the purpose of formulating a complete and equitable plan of liquidation and reorganization.