860c.516/9: Telegram

The Minister in Poland (Gibson) to the Secretary of State

184. My 58, February 2, 6 p.m. and Department’s 67, February 13, 4 p.m. Representatives of American Express Company have signed agreement of which I was informed only subsequently. They are to turn over United States currency to the Polish State Bank, which [Page 414] will make payments through the postoffice as heretofore the only [omission] being that the American Express Company is [now] allowed to provide, at its own expense, personnel in the State Bank and some postoffices to do the actual clerical work. I am informed by representative of another American banking concern that American Express Company does business on a different basis from regular banks as it receives payment for transmission on a commission, not on an exchange basis. Therefore, regard foregoing [no?] solution of the problem.

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