860f.51/439: Telegram
The Minister in Czechoslovakia (Einstein) to the Secretary of State
[Paraphrase]
Prague, September 23,
1925—3 p.m.
[Received September 23—1:56 p.m.]
[Received September 23—1:56 p.m.]
54. I understand that the Czechoslovak loan now being negotiated with the National City Company will be almost entirely utilized to meet maturing short-term indebtedness, although it is needed to stabilize the currency and to establish a reserve for a bank of issue.
Legation is in possession of information that Czechoslovak Debt Funding Commission is to conclude a Government loan in Paris today, and understanding is that Dillon, Read and Company will participate.
Einstein