Office of the Historian

832.51 Sa 6/26

The Secretary of State to Mr. Earle Bailie

Washington, August 21, 1925.

Sir: With reference to your visit to the Department on August 19 [sic], during which you inquired whether the Department would have any objection to a projected loan by your firm to the Paulista Institute for the Permanent Defense of Coffee of São Paulo, I beg to say in reply that in the light of the information before it, the Department cannot view this financing with favor.

I am [etc.]

For the Secretary of State:
Joseph C. Grew

Under Secretary