822.51 Et 3/15: Telegram

The Minister in Ecuador ( Bading ) to the Secretary of State

19. Your 17, November 6, 3 p.m. In view of the general opinion that the loan will be a failure and that the final contract will not be signed, I have not thought it desirable to bring the matter to the President’s attention unless again instructed to do so by the Department.

Bading