411.12/1596: Telegram
The Ambassador in Mexico (Daniels) to the Secretary of State
[Received 3:24 p.m.]
85. I called on the Minister of Foreign Affairs Saturday afternoon and told him that I had read his memorandum (see my telegram 73, April 22, noon)8 and that I was heartily in accordance with his view that an en bloc settlement is desirable.
Dr. Puig said that Mr. Pani9 did not expect to initiate en bloc negotiations in Washington but would be prepared to stress the discussion of economic and monetary matters. He said that he was preparing a memorandum giving his concrete proposals for an en bloc adjustment [Page 800] which he would present to me sometime next week. I am sending a full report of my conversation with Dr. Puig by the next pouch.
I believe that it would be unwise for the Department to enter into discussion with Mr. Pani on en bloc settlement until after Dr. Puig presents his promised suggestion of a means of arriving at such settlement and you receive my recommendation after study of Puig’s forthcoming memorandum.