822.51/792: Telegram

The Minister in Ecuador (Long) to the Secretary of State

21. In connection with my letter of March 31 to Mr. Welles regarding Ecuador’s desire for loan I wish to add that the present administration seems friendly to our Government and is stronger now than it was a few weeks ago before the strike of university students reported in my despatch No. 396, March 20, 1939.4 If a loan could be made and the proceeds be expended intelligently and productively, I think it would be a good thing.

The Foreign Minister said yesterday if one large enough loan were available it might be refunding.

If deemed more desirable make it small I think 5 million dollars would be greatly appreciated.

  1. Not printed.