The Ambassador in Brazil (Caffery) to the Secretary of State
[Received January 15.]
Sir: With reference to the Department’s telegram No. 249 of December 29, 7 p.m.,2 authorizing me to participate informally and independently in debt discussions with the Brazilian authorities for the purpose of ascertaining what terms the Brazilians are prepared to offer, I have the honor to enclose copies of a letter3 and memorandum that I have sent to the Minister for Foreign Affairs3a following my recent conversation with him on the subject mentioned in my telegram No. 461 of December 30, 10 p.m.4
No discussions are being carried on with the Europeans at present.
I have the honor to suggest that the Treasury Department be informed appropriately.