862.51 D 481/–

The Secretary of State to the Secretary of Commerce ( Hoover )

My Dear Mr. Secretary: With reference to your consideration of the proposed loan of $25,000,000 to the German Potash Syndicate, of which I spoke to you some days ago, I am enclosing a copy of the advance prospectus which was received from Lee, Higginson and Company.40

It has occurred to me that the desire of the German syndicate to obtain a loan might perhaps offer occasion for an inquiry as to what assurances they can give against restriction of production or taking of other measures that might raise the price of potash marketed in the United States. I shall be glad to receive such comment and suggestions in the matter as you may care to make.

I am [etc.]

Frank B. Kellogg
  1. Not printed.