840.51 Frozen Credits 35/104: Telegram
The Ambassador in Argentina (Armour) to the Secretary of State
[Received October 25—8:02 p.m.]
2520. Reference Department’s 1644, October 24, 8 p.m. Prebisch this morning insisted upon his resignation and the board unanimously accepted it, hoping that this might postpone further intervention by the Government. However, feeling among the directors and in other financial circles indicates that the ultimate objective of the Government is to obtain control of this institution.
It is hoped that no final decision will be taken regarding the Embassy’s recommendations until the receipt of its views, which will be telegraphed in full tomorrow.