Box 12

Scope and Contents [Pedro] Martinez Fraga says one thing in Havana and another in Washington; before Cuban delegation left for Washington he told Havana press that U.S. loan to Cuba had already been agreed upon in principle and that only details remained to be worked out; he told Batista and others in government he had been assured Cuba could have all she asked for; received translation of memorandum Cuban delegation presented to Department as justification for loan; going over it carefully and will shortly...

Scope and Contents

Memorandum submitted by Cuban Technical Economic Commission to U.S. Treasury Department and Federal Reserve Board, setting forth plan of operation with regard to proposed $50,000,000 loan.

Scope and Contents Had long talk with [Jose Manuel] Cortina on Oct. 23 and two-hour talk with President the next day; Cortina, in public addresses and private conversation commits himself strongly to cooperation with U.S.; the treaty he had in mind would make Cuba practically a part of U.S. economic system; a treaty along broad lines for long-range period could be desirable arrangement; had impression Cortina not forgetting his personal interests; he has unrealistic attitude toward American banks,said they...

Scope and Contents Enclosed with No. 1409. Cuban delegation initiated discussions with officials of Treasury and Agriculture; discussions with [Warren Lee] Pierson of Import-Export Bank should be held shortly; offers following suggestions for Welles' conversations with Ambassador [Pedro] Martinez Fraga: (1) extension of Decree-law 522, (2) reform of Cuban Treasury, (3) curb of Nationalistic legislation harmful to American interests, (4) carry out draft Treaty presented to Cuba in Mar. 1939, (5) settle claims...

Scope and Contents

Enclosure: See No. 1408. Enclosing copy of memorandum prepared in Division of American Republics on discussions with Cuban delegation in Washington; will keep Messersmith informed on conversations with [Pedro] Martinez Fraga; Messersmith's analysis of Cuban political situation interesting and his despatches a decided help.