852.75 National Telephone Company/1–1345: Telegram
The Ambassador in Spain ( Hayes ) to the Secretary of State
[Received January 15—12:06 p.m.]
87. In the course of my formal farewell interview with General Franco69 I took occasion to say that I was glad that the negotiations between the appointed representative of the Spanish Government and the representatives of the IT and T70 were making progress and I expressed the hope that the Spanish Government would do its part to bring them to a successful and speedy conclusion. Franco said that he too was aware that progress was being made in the negotiations which he hoped would terminate successfully for both parties because he was most anxious that American capital and technical facilities would be made available to Spain to help in its reconstruction and that he realized that the successful termination of these negotiations were not unconnected with such a development.