817.516/226: Telegram
The Chargé in Nicaragua ( Beaulac ) to the Secretary of State
[Received 12:10 p.m.]
287. Legation’s 283, December 6, 4 p.m. Rosenthal has been instructed by the bankers to turn over to the senior Nicaraguan officer December 26th. There is great danger that this action will produce a run on the bank with serious results. Many of the principal depositors, including the United States Marine Corps, have privately expressed their intention of withdrawing funds when Rosenthal leaves. His departure will also be construed locally as a move on the part of the present bankers to wreck the bank. I strongly urge that the Department take immediate steps before the holiday season to request the present bankers to stay on until the new group takes over.