891.51/346
The Minister in Persia (Kornfeld) to the Secretary of State
Teheran, May 21,
1924.
[Received June 25.]
No. 510[Received June 25.]
Sir: I have the honor to advise the Department that Mr. James Grant Forbes of Blair & Company, New York, left Teheran on May 19 for America to confer with his company regarding the loan which the Persian Government seeks to obtain in America. Before his departure, Mr. Forbes had a conference with the Prime Minister, Dr. A. C. Millspaugh, Administrator General of Finances, and the Minister of Finance at which it was decided to pledge all of Persia’s revenues as security for this loan.
I have [etc.]
Joseph S.
Kornfeld