862.51/2108: Telegram
The Ambassador in Germany ( Schurman ) to the Secretary of State
[Received 4:30 p.m.]
194. First question Department’s 196 November 11, 6 p.m. Gilbert says that in response to insistent request from Chicago Daily News correspondent here he made the following statement to him:
“The Transfer Committee has consistently told American bankers from the beginning of operations under the Dawes Plan that it was not in a position to give assurances concerning the payment of interest or amortization on German loans that might be floated abroad. This position has not changed. American bankers who have inquired have been referred to the experts’ plan and the London Agreement for a statement of the powers and responsibilities of the Transfer Committee and I believe that American bankers interested in German loans fully understand the Committee’s position.”
If there are any additional comments in the article they are personal opinions of that correspondent.