814.51/294: Telegram
The Chargé in Guatemala ( Thurston ) to the Acting Secretary of State
[Received May 25, 245 a.m.]
See despatch number 506 dated April 30, 1918, enclosure number 1.9
A commission has just been appointed for the purpose of devising means whereby a national bank may be established.
I am reliably informed that the proposed issue of 60,000,000 pesos has been canceled and that only 10,000,000 will be given the Banco Americano.
In the opinion of bankers this renewal of interest in the national bank indicates tendency in favor of a foreign loan since it is not felt the necessary capital could be commanded locally for its establishment.