821.51/25543/9
Memorandum by the Acting Chief of the Division of the American Republics (Bonsal) to the Under Secretary of State (Welles)
[Washington,] November 28, 1940.
Mr. Welles: Last Saturday the Colombian Ambassador called upon Mr. Duggan and informed him that the Colombian Government is now ready to go ahead with the foreign debt settlement along the lines agreed to last July.
It is Mr. Duggan’s suggestion that you may wish to get in touch with Mr. Jesse Jones and with Secretary Morgenthau and arrange a meeting with Mr. Traphagen in order to secure a favorable, or at least a passive, attitude on the part of the Foreign Bondholders Protective Council.