832.51/1508: Telegram
The Ambassador in Brazil (Caffery) to the Secretary of State
[Received 10:15 p.m.]
215. For Under Secretary. Department’s 125, July 6. Aranha says that he is convinced that if they send a representative to the United States to undertake the negotiations, the negotiations will have no chance of success. He said “… I am willing to supply the necessary [Page 367] funds for the expenses and work of a representative of the American bondholders incidental to his coming here. As soon as the Bondholders Committee is ready to give us the dates the Brazilian Government will be glad to announce the opening of the negotiations on the date the Committee chooses. I repeat that the negotiations in the United States would get absolutely nowhere. I am so deeply involved in this business that I want them to prosper”.