832.5151/610: Telegram
The Chargé in Brazil (Gordon) to the Secretary of State
[Received 2:20 p.m.]
122. Since drafting my 121, May 7, 10 a.m., I have the Department’s 81, May 6, 6 p.m. I am glad to know that the idea of the [Page 373] exchange of communications has been abandoned; as my telegram under reference showed there was little faith in the idea even here.
On the other hand I am at a loss to understand the apparent preference of the Council to take securities similar to the British rather than Bank of Brazil interest-bearing obligations if we can induce the Brazilians to issue them. I can once again assure the Department that the sentiment of local American business interests is overwhelmingly in favor of the latter.
It is obvious that as a result of the Department’s telegram under reference the aide-mémoire which the Minister of Finance requested me to submit must differ radically from what he and I expected it to contain as a result of our conference this morning. Accordingly I shall not submit it until I receive further instructions from the Department.