819.51/190: Telegram

The Minister in Panama (Price) to the Acting Secretary of State

Panaman Secretary of Treasury yesterday signed contract effective as of February 1st with Fiscal Agent Ruan with assurance of approval of Panaman President providing for a two years term and an American assistant at a salary of $6000. Panaman authorities attempted to reserve right of dismissal at any time by payment of two additional months salary but this was changed so as to require payment of salary for balance of term. I gave dinner at Legation last night to Fiscal Agent, Panaman President and Cabinet, officials of Canal Zone, of association of commerce, of Panama railway, and managers of all banks being present.