DECLASSIrito Authority Stateletter Inhz By ME, NARS Cate 24981. with the President. According to Señor Peña this comference was extremely storny, for the banks took the position that if the measure were made law they would refuse to subscribe to the loan. The President is stated to have roplied that the bill was necessary to obtain funds with which to pay government employees, that the law would make subscription on the part of the banks mandatory, and that, if necessary, he would send soldiers to the banks to 886 that its terms were carried out. To this the bankers replied that if this threat wore executed the soldiers would find empty vaults whom they arrived. At this point the President appears to have weakoned, and the following day the project was withdrawn from Congressional consideration. Thereupon the President and the banking group worked out a plan whereby the Banco Nacional would lond the Government 300, 000 with which to meet current payrolls and arran mants would be made by which the banks would facilita funds to meet future payrolls in return for softain guarantees. This project is presently receiving attention of Congress.
While the opposition of the bankers to the President proposed finaneial measure should not be pion other light than that of the financial chaos ny dos pateh no. 1212 of March 24, there is no doubt that onomies of the President are leaving no stone unturned to.
embarrass the last days of his administration.
Guardia himself told me in our last conversation that is decisioŋ to maintain Senioru do odía in the office to which she was appointed was duo in large measure to his tion that it was the politicians who wore behind dents in their demonstrations. The DIARIO, as supposed, is making much of the Administration.
blunders, and the receptive attitude of the people were its campaign may be gauged in a measure bar its oireulation has risen steadily since the Presiden elections in February, while that of the TRIBUNA bon declining, COM The events outlined above hava tothe 11 to the outgoing Govorimont steadily have probably added to the foolingo many sooters is already evident to the tration of Plondo. It is becoming Locaina that tho lattor 411 hayo to pursue notr course to maintain any sonblanos or popular support only the faot that thoro 19 no strong and respeeted Londor on the opposition sido has kept the situatia coming more sorious.
18 They al de transport Tay Allen Des Portes 800 LDW mm