800.51 W 89 Italy/48: Telegram

The Ambassador in Italy ( Fletcher ) to the Secretary of State

[Paraphrase]

132. Referring to Department’s telegram 101, August 19, 2 p.m. Representative of banking firm of Blair & Co. is here carrying on negotiations for the floating in New York of at least 10 million dollar bond issue to finance hydroelectric and industrial enterprises in Italy. He seems to have the impression that the State Department will not object to floating the loan at this time, and I have therefore suggested that the firm consult the Department before proceeding further. It is probable that they will do so in the next few days.

Fletcher