839.51/4850: Telegram
The Minister in the Dominican Republic (Scotten) to the Secretary of State
[Received 5:55 p.m.]
149. From Wilson. “My 148, August 28, 6 p.m. At lunch today Despradel told Scotten and me again that the Dominican Government had the fullest intention to carry on the pensions; that they merely objected to a domestic obligation being incorporated in a treaty dealing with a foreign loan. He added that the American Government could include in the proposed exchange of notes on the subject any provisions that might seem desirable to afford absolute guarantee for the pensions including the provision that the representative of the bondholders should receive the sums due for pensions before clearance was given to Dominican disbursements.
He further suggested that the notes might include a statement to the effect that the exchange of notes had the same force and validity as the convention itself and that the Dominican Government obligated itself and succeeding Dominican Governments not to modify or revoke the law which would establish the pension payments.”