Papers Relating to the Foreign Relations of the United States, 1925, Volume II

800.51 W 89 Italy/48

The Acting Secretary of State to Blair & Co., Incorporated

Washington , September 1, 1925 .

Sir: In confirmation of Mr. Young’s⁴ statement to Mr. Sheldon⁵ on August 31, in response to Mr. Sheldon’s inquiry concerning the attitude of the Department of State in regard to the flotation of Italian industrial securities in the United States, I beg to say that this Department would not view such financing with favor at the present time.

I am [etc.]

Joseph C. Grew

4. Arthur N. Young, Economic Adviser, Department of State.
5. Representative of Blair & Co.