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  3. Foreign Relations of the United States Diplomatic Papers, 1939, The American Republics, Volume V
  4. Document 375

832.51/1502: Telegram

The Ambassador in Brazil ( Caffery ) to the Secretary of State

Rio de Janeiro , July 5, 1939—5 p.m.
[Received 9:03 p.m.]

211. Second paragraph my 209, July 1, 2 p.m. The Minister for Foreign Affairs tells me that at the meeting held yesterday the President stated that he had definitely decided that a settlement should be made with the holders of Brazil’s dollar bonds and he had suggested that a representative of the Foreign Bondholders Protective Council come to Rio in the near future to that end. The Cabinet unanimously approved his decision. The President went on to say that he had definitely decided also on a policy of entire cooperation with the United States. The Cabinet again unanimously approved. The meeting was attended by the full Cabinet and the principal members of the Armed Forces. This of course represents an entire change of the attitude on the part of the President and army from that of a year and a half ago.

Aranha added that they were intensely annoyed with a telegram he had received from the Foreign Bondholders Protective Council.

Caffery