Mr. Taylor to Mr. Gresham.


I have perfected agreement in accordance with last telegrams, with the proviso that it shall continue until terminated by either party upon six months’ notice, the time specified in like agreements made by Spain with other nations. As soon as approved by Cortes, it will go into immediate effect. Cortes will probably act within twenty days. May I complete agreement by exchange of notes upon terms indicated, so as to hasten presentation to Cortes?