837.61351/282a: Telegram
The Secretary of State to the Chargé in Cuba (Cable)
153. For General Crowder:
Rumors to the effect that efforts are being made in Cuba to have the Cuban Sugar Finance Commission dissolved are circulating in New York according to information the Department has received from New York bankers. If the Commission were disbanded and the sugar now held in Cuba were thrown on the market great losses for these banking interests would result, as it is stated that New York banks and their associates have lent over $100,000,000 on Cuban sugar.
Protests have been filed with the Department by certain interests opposed to the operations of the Commission, asserting that it is an economic menace to Cuba and questioning its constitutionality. The Department would appreciate an expression of your opinion on this subject, assuming, however, that no radical change is imminent.