Office of the Historian

837.51/1551: Telegram

The Ambassador in Cuba (Guggenheim) to the Secretary of State

Habana, March 28, 1933—11 a.m.
[Received 12:50 p.m.]

26. My telegram No. 21, March 23, 4 p.m. Mortgage moratorium bill passed by the Senate last night and prompt approval by the House of Representatives is expected. Opinion regarding measure is very mixed. Foreign banking interests are naturally very much opposed to it.

The Senate also passed a bill authorizing the President to arrange for a delay in payments of amortization on Government debts both foreign and internal.8

Guggenheim
  1. The law, approved April 3, 1933, was published in the Gaceta Oficial, April 4, 1933.↩