832.5151/129: Telegram

The Ambassador in Brazil (Morgan) to the Secretary of State

33. Department’s telegram No. 37, February 21, 5 p.m. Director of Exchange Bank of Brazil,29 who speaks for Minister of Finance, tells me that pending the liquidation of the present Rothschild short-term loan within the next 3 months he is negotiating with Stefani, Rothschild’s representative here at present, for a long-term loan which will be applied to alleviating accumulated commercial exchange. Bank is paying 20,000 pounds (sterling) a day under the present short-term loan which will be reduced to 8,000 pounds (sterling) a day under the short [long?] term. This statement the exchange director has repeated to reliable witnesses including Mallet-Prevost of New York City with whom he had an interview last week.

  1. Carlos de Figueiredo.