822.51 Et 3/18: Telegram

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

20. Department’s 19, December 7, 6 p.m. While opinion is still strong that the loan will not be floated and Dillon21 has stated that he would not sign the final contract I had reliable information that the Government was proceeding with negotiations to sign final contract in London. I therefore sent the President note verbale in the sense of Department’s 17, November 6, 3 p.m. In his reply he evades direct answer by stating that he cannot deal with public matters unless presented through Minister of the Interior. He adds however that the Ecuadorean Government will always respect and comply with its contracts.

  1. Luis Adriano Dillon, representative of the Ethelburga Syndicate, Ltd.