File No. 837.61351/126
The Minister in Cuba ( Gonzales) to the Secretary of State
Your March 21, 5 p.m.1 After several interviews with Mr. Potter2 I took him to the President this afternoon. President accepted, without suggesting change, detailed plan for loans prepared by Mr. Potter, and will himself give it official publication. At conference with me, last Saturday, President had accepted plan appointee of bankers or of a United States official joining Cuban Government official in signing storehouse certificates for plantation storehouses. To-day Mr. Potter suggested another plan used here to some extent whereby borrower leases storehouses to lender who remains in charge. Either plan acceptable to the President. Mr. Potter not determined which he prefers. The machinery for either can be inaugurated in a few days.
Mr. Potter somewhat disturbed by fact that large amounts cheap money from London are coming into this market.