File No. 861.51/450a
The Acting Secretary of State to the Secretary of the Treasury (Glass)
My Dear Mr. Secretary: Referring to our conference yesterday regarding Russian bonds and obligations in this country, I believe the situation is such that it would be unfortunate if we offered any objection at this time to the payment of interest on the $50,000,000 of Russian bonds due January 10, 1919. I believe political considerations should prompt us to acquiesce in the payment of this interest and shall be glad to know that you concur. It strikes me as especially important that no action should be taken which might affect Russian interests unfavorably until the general question of the relation of ourselves and the other Associated Governments towards Russia is more clearly defined.
I am [etc.]