Foreign Relations of the United States Diplomatic Papers, 1932, The American Republics, Volume V

825.6374/1023: Telegram

The Ambassador in Chile (Culbertson) to the Secretary of State

Santiago, August 29, 1932—noon.
[Received 1:20 p.m.]

194. Serious discussions looking toward the reorganization of Cosach will begin next week when Whelpley arrives. An organized attack by influential Chilean interests is being planned on American interests, particularly those in the Lautaro.⁵⁰ The attitude of the Government officials appears to be friendly but they have adopted the policy to withdraw from Cosach and, since they believe that the necessities of the situation require the Government to obtain some tangible results from the reorganization, we can anticipate some serious complications.

Culbertson

50. The Lautaro Nitrate Company, Ltd., a subsidiary of Cosach.