POSSIBLE ATTEMPT BY GUATEMALA TO PURCHASE ARMS; REPORTED APPLICATION FOR LOAN T

Created: 1/8/1954

OCR scan of the original document, errors are possible

HISTORICAL REVIEW PROGRAM RELEASE JN FULL

January loft

PjRi

Contact OlTialoc

Attempt by Guatemala to purchaseeported application for loan to Bank of America, San Francisco,

1* Por tha confidential infonaation of your Division and your Sen Francieoo office, taa have Juateport (of undetermined reliability) fron the State Department to the effect that the Ouatamalan Minister of Eaonomy Roberto Fanjul and the private secretary to President Arbeos, Umber-to Oonsales Juarea, arrived in San Francisco on oranuary for tbe purpose of applyingoan from tha Bank of amerloa. The amount of tbe loan la said to be very substantial, in the neighborhoodnd lt la further reported that tha money la to be uaed for the purchase of am*.

3. Sone additional credibility for this report lsthe fact that ve have learned within Um past fewan entirely different aourceatin Americanhaa been seeking to purchase large quantities ofdealers ln th* United St*tea for the aooount ofAaterlcan government believed to be Quatawala. la aleo confidential and ahould be kept within

3. Both the state Department and tbis Agency are very interented to know whether the Bank of America baa received any application or apnroacr, ln connectionoan for Ouatemala and If so whether the purposes of the loan have been ln any way Indicated by the applicants. Our ecu tacts ln tha Stat* Empartawmt have aald that normallyoan of thla aisa would be granted by an American bank the Department of State would be Informedbut that no word haa been received by the Department thus far.

L. Thisatter of sufficient iaportanoa in my Judgment to warrant your requestingrancisco of rice to attempt

to ss certain the indicated informationiatter of urgency. If any information on this natter la developed prior to Monday,anuary, will you pleaae communicate it directly to Colonel j. C. King, Chief of our Wee tern Hemlephere Division who baa been in contact with the State Department.

cci DCI

c/m

FRANKISHER Deputy Director (Flans)

S!

C/PP (Tofte )^

Original document.

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