File No. 861.51/463
The Assistant Secretary of the Treasury
(Rathbone) to the Acting Secretary of State
Washington, December 11,
1918.
Dear Mr. Polk: In view of a talk which the President
had with the Secretary of the Treasury just before he left, I judge
that the Treasury should not consent to the payment of any further
interest on Russian privately owned obligations held in this country
unless the interest on the Russian obligations held by the United
States Government is first paid or an arrangement satisfactory to
the Treasury for this payment be secured. Accordingly I have written
Mr. Ughet a letter, of which I
enclose herewith a copy.
Very truly yours,
[Page 54]
[Enclosure]
The Assistant Secretary of the Treasury
(Rathbone) to the Russian
Financial Attaché (Ughet)
Washington, December 11, 1918.
Dear Mr. Ughet: In view of the fact that no part
of the interest due on November 15 last on the obligations of
the Russian Government held by the United States has been paid,
I do not see how the Treasury Department can consent to the
payment of interest on the obligations of the Russian Government
privately owned in the United States. I understand that an
interest payment will fall due on the first of January. If you
desire I shall be very glad to talk with you in regard to the
matter when you are next in Washington.
Very truly yours,
