710.J/4–848: Telegram
The Ambassador in Colombia ( Beaulac ) to the Acting Secretary of State
Delbog 50. Daily Report No. 8. Plenary session speakers Belt (Cuba) Bonilla Lara (Costa Rica) and Meany (Guatemala). Belt made following points: Foreign capital, compelled by lack investment opportunities own country and burdened by high taxes, sought through usury and greed obtain safe investments Latin America with greater privileges than national capital. Even sought armed and economic aggression to protect interest. Intervention stopped in 1933 but Good Neighbor Policy not been sufficient to create confidence. Following steps necessary: Condemnation economic aggression, determination conditions and guarantees for foreign capital and conclusion treaty assuring cooperation and prosperity Latin America. Meany urged abolition colonies as only way achieve hemisphere unity.
[Page 36]Spanish translation President’s message to Congress regarding Export-Import Bank’s increase1 then read by conference Secretary General, 6:30 p. m. Little outward evidence affirmative reaction.
Committee II: Debate continued regarding grant political powers governing board, Cuba and Colombia supported essentials draft Organic Pact. Mexico proposed two categories specialized organizations: permanent, created by treaties and temporary, created by governing board. Colombia and Uruguay opposed Mexican amendment and defended articles draft Organic Pact.
Committee III: Venezuela, Colombia, Ecuador favor compulsory jurisdiction ICJ, latter only if five of fifteen judges are from American Republics. Ecuador, Guatemala, Venezuela, Chile favor compulsory arbitration non-juridical disputes, latter excepting domestic matters.
Committee IV: Maroglio (Argentina) stressed that US and Argentina only countries also extend financial help for economic development other American Republics. Pledged Argentina’s help. Proposed IA bank. Mexico and Colombia took view that $250,000 each for budgets ECLA and IA ECOSOC too small.
Committee VI: US submitted resolution on recognition. Daniels stated US position as follows: (1) decisions regarding recognition up to each state; (2) refusal establish relations does not constitute intervention; (3) IA consultation is useful as means resolve problems arising from overthrow established governments; (4) establishment diplomatic relations is separate matter from severance relations in compliance collective obligation under Rio treaty or UN charter; (5) adoption US resolution would further IA cooperation and contribute continuity interchange through official channels. Opinion divided over treaty versus declaration of human rights. Greater sentiment now favors declaration. Guatemalan proposal for IA court to enforce human rights opposed by Bolivia, Mexico, Chile, Ecuador.
- For text of President Truman’s message of April 8, see the Department of State Bulletin, April 25, 1948, p. 548.↩