408. Telegram From the Department of State to the Embassy in the Philippines1
4964. From Robertson. Had luncheon with Romulo 21st. Warned him that buildup of hopes of large financial assistance which could not be realized would make whatever is accomplished appear insignificant and give President’s visit label of failure which would be damaging to Philippine-American relations and probably to Garcia’s political popularity at home. Romulo agreed. Reminded him that amount of DLF not yet known but in any event applications on worldwide basis would far exceed amount funds available even with favorable action by Congress.
Romulo stated what Garcia desired was long-term credits. I replied I could not speak for Treasury but at best Treasury credits, if any, would be in limited amount. I further stated that I could only speak in generalities as we had not yet been informed for what purposes funds were to be requested only that total would run several hundred million dollars. Urged Romulo impress upon Garcia necessity of making visit political success rather than financial failure.
- Source: Department of State, Central Files, 796.11/5–2258. Confidential. Drafted and approved by Robertson.↩