812.51/2217: Telegram
The Chargé in Mexico (Boal) to the Secretary of State
[Received 8:50 p.m.]
197. Reference your instruction 1628 of July 1484 and copy of telegram from Suarez to J. P. Morgan and Company.84 Lockett conferred with Suarez today in order to clarify statements therein. [Page 690] Suarez explained that he had indicated in his telegram his desire that Bankers’ Committee send him drafts of both railway and foreign debt agreements so that he might make his counter proposals and then if agreed to by Bankers’ Committee he would sign them immediately. He did not state the nature of his counter proposals. Suarez said that last sentence in paragraph 3 of his telegram meant that delay in consummating agreements was due to Mexican Government’s desire to not sign agreements until it was confident of its ability to fulfill them permanently.