832.51/1692: Telegram
The Secretary of State to the Ambassador in Brazil (Caffery)
Washington, January 18,
1940—noon.
13. Your 27, January 17. Assuming that the Brazilian Government makes clear that its offer is not a permanent settlement, you may, while avoiding any responsibility for the action of the Brazilian Government, indicate to Aranha that if the Brazilian Government should make an offer of one-half of the payments scheduled for the last year of the Aranha Plan, with the indicated progression in subsequent years that this Government would regard it as a step forward.
Hull