The Minister in Poland (Gibson) to the Acting Secretary of State
[Received March 19—4:20 p.m.]
148. My telegram of February 2, 6 p.m. and 118 of March 1, 6 p.m.39 Trade commissioner has received following summaries of Dept. of Commerce and Labor which should I think be considered in connection with the two telegrams referred to.
“American banks having difficulty explaining clients why Polish banks refuse honor long outstanding drafts. Unless immediate thorough action taken leading American banks will notify correspondents and clients they will not accept further payments Poland. Such action would greatly injure Polish interests. Cable list Polish banks thoroughly reliable and so organized they can pay least possible delay drafts from America. Suggest Polish Government approve lists. Is commerce bank Warsaw in good standing.”
Van Norman40 is taking matter up with Minister of Commerce and I shall hand Patek41 informally first two sentences merely for his information.