862.51 D 481/29
Memorandum by the Assistant Secretary of State (Harrison)
The Secretary handed me back the attached papers this afternoon and informed me that this matter of the potash loan had been discussed with the President and Mr. Mellon (Mr. Hoover being absent), at Cabinet this morning. In the circumstances, it was decided that our policy should remain unchanged.
By direction of the Secretary, I telephoned Mr. Jerome D. Greene, of Lee, Higginson and Company, that our policy remains unchanged. Mr. Greene stated that he regretted that this was so.
All the papers may now go to IB for indexing and file.