The Secretary of State to Messrs. Marvin & Pleasants

Gentlemen: The receipt is acknowledged of your letter of December 29, 1921, with regard to the flotation of a possible loan to the Government of Greece.

Inasmuch as the regime now functioning in Greece is not recognized by the Government of the United States, I beg to say that the Department of State could not look with favor upon such a loan.

I am [etc.]

For the Secretary of State:
Henry P. Fletcher,

Under Secretary