Foreign Relations of the United States, Diplomatic Papers, 1933, The American Republics, Volume V

825.6374/1210: Telegram

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

Santiago, January 8, 1934—11 a.m.
[Received January 8—10 a.m.]

2. Department’s telegram No. 8, January 6, 4 p.m.⁸⁷ Copy of nitrate bill as finally approved by Congress was forwarded by air mail January 6th.⁸⁸ Representative of American interests says the plan appears to be a workable foundation but it is not certain how it will work out in reorganization of the capital structure with relation to the various classes of bondholders. He adds that he is recommending that no assistance through diplomatic channels be requested at present. Repeat to Department of Commerce.

Sevier

87. Not printed.
88. For text of law No. 5350, see Diario Oficial No. 16,767, January 8, 1934.