862.51/2849b: Telegram
The Acting Secretary of State to the Ambassador in Germany (Sackett)
[Paraphrase]
Washington, March 24, 1930—6
p.m.
28. For Gilbert. Lee, Higginson have told me that the British are suggesting that part of the issue be subscribed for by British banks, that the French are considering a similar request, that neither is objecting in principle. At the present time we are hardly in a position to close our markets to every request for capital from abroad. Do you hold to your conclusions in the face of this information? Reply tomorrow by 10 o’clock.
Cotton