422.11G93/1717: Telegram

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

29. Department’s 28, August 1, 1 p.m. Please transmit the following message from the Foreign Bondholders Protective Council to the appropriate Ecuadoran authorities:

“The Foreign Bondholders Protective Council, Inc., has learned with great satisfaction that the Government of Ecuador is prepared to discuss with the Council an adjustment of the matters concerning the Guayaquil and Quito Railway Company. The Council wishes to express its appreciation of this decision of the Ecuadoran Government. The Council regrets it must say that it is not possible for the Council to send a representative to Ecuador to carry on its negotiation and the Council has no one already in Ecuador whom it might appoint as its representative. In view of the foregoing the Council ventures to suggest that the Government of Ecuador be good enough to designate someone in the United States with whom the Council might carry on the negotiations. The Council will approach these negotiations with no desire other than to reach an adjustment which shall be fair and equitable both to the government and the holder of the company’s securities.”

Please send by telegraph for transmission to the Council the reply of the Ecuadoran Government.

Hull