File No. 763.72112/5525
The Delegate to the Inter-Allied Council ( Crosby) to the Secretary of State
[Telegram]
London,
November 15, 1917, 6 p.m.
[Received 9.30 p.m.]
[Received 9.30 p.m.]
No. 4 for Secretary of the Treasury:
The Treasury here reports that financial embargo plan presented by British Government has been favorably considered in Washington. There are serious objections to this plan. It is now being studied here. Cravath and American bankers and some English bankers who have been consulted agree that modifications should be worked out before our Government joins in the plan as proposed. Will wire you further on this in a few days.
Crosby