422.11G93/1711: Telegram
The Secretary of State to the Minister in Ecuador ( Gonzalez )
27. By airmail instruction77 Department is sending a copy of a memorandum78 of conversation between officers of the Department, the Ecuadoran Minister and Mr. Sherwell, a representative of the Manufacturers Trust Company of New York. Mr. Sherwell stated that he had received word from the Ecuadoran Government that this Government had lodged a protest with the Government of Ecuador concerning the proposed settlement of the Guayaquil and Quito Railway bonded indebtedness. The Department informed the Minister and Mr. Sherwell that it was not aware that you had made any protest and gave them the gist of the Department’s telegraphic instruction No. 23 of July 7. Unless the Ecuadoran authorities themselves should raise the matter it is not believed advisable that any further observations be made by you without previous instructions from the Department.