710.G Economic and Financial Problems/21: Telegram

The Acting Secretary of State to the Chairman of the American Delegation (Hull)

99. Your 67, December 18, 5 p.m. I have consulted the President who approves of Dr. Puig’s resolution as it stands. With regard to Mr. Braden’s statement the President suggests that we may not be in a position to discuss definite plans at the Santiago Conference if held within the next few months—certainly not within 6 months at least.

Assume Mr. Braden has checked accuracy of statement regarding “greatly increased exports” of principal countries of South America to the United States since June.

Phillips