812.51/1607: Telegram
The Ambassador in Mexico (Morrow) to the Secretary of State
[Received July 24—12:30 a.m.]
157. I was advised by telephone this morning by Mr. Lamont of the present state of the negotiations in New York between the International Committee and the Mexican Minister of Finance. I will send by the pouch full memorandum of this conversation.9 From this information it appears that no agreement has yet been reached but that there is an even chance that one may be signed. It further appears that the contemplated agreement would be an independent one between the Committee and the Mexican Government and not made conditional upon the adoption of a generaL program making provision for all creditors.
Having in mind the Department’s instruction No. 1737 [578?] of March 27, 1929,9a and Secretary Stimson’s oral statement to Mr. Lamont on October 2, 1929, as covered in the Department’s memo for file of the same date,9b I advised Mr. Lamont that the State Department and the Embassy must look at any agreement that may be made from the point of view of whether or not it contributed to the stability of the Mexican Government and also from the point of view of its effects upon the claims of Americans other than those represented by the Committee.
- See despatch No. 2647, July 25, 1930, from the Ambassador in Mexico, p. 467.↩
- Foreign Relations, 1929, vol. iii, p. 461.↩
- Not printed.↩