611.1731/19: Telegram
The Secretary of State to the Chargé in Nicaragua (Thurston)
69. Your 38, March 15, 11 a.m. You are requested to inform the Minister of Foreign Affairs that this Government is prepared to enter [Page 514] into a modus vivendi, to be effected by an exchange of notes. Upon assurance of a reply, mutatis mutandis, in the same terms, you are authorized to present to the Government of Nicaragua the following note:
[Here follows text of note which, as presented by Mr. Thurston on June 11, is printed infra.]
The reply of the Government of Nicaragua should set forth the same statements, and should Nicaragua ask for alterations in the purport of the notes, you should telegraph for instructions. The Department desires that a modus vivendi be concluded as promptly as possible.
Under Section 4 Article I of the Financial Plan24 an arrangement of the nature proposed would apparently require the approval of the bankers and the High Commission. The Department has informally ascertained, however, that the bankers will raise no objection to the conclusion of the modus vivendi when their opinion is asked by the Nicaraguan Government, and it is prepared to suggest to the American members of the High Commission that they give their approval to the proposed arrangement if the Nicaraguan Government makes the same suggestion to its representatives on the Commission.
- A financial agreement made in 1920 between the Government of Nicaragua and the two New York banking houses of Brown Brothers & Co. and J. W. Seligman and Co.↩