Papers relating to the foreign relations of the United States, 1928, Volume II

837.51 Chase National Bank/7

The Secretary of State to the Chase National Bank

Washington, June 20, 1928.

Sirs: With reference to letters of Messrs. Rushmore, Bisbee and Stern²² addressed to the Department under dates of May 22 and June 14, 1928,²³ regarding your interest in negotiating a credit arrangement with the Cuban Government, I beg to inform you that, in the light of the information at hand, the Department desires to offer no objection to this proposed financing on the terms and conditions set forth in the Supplemental Agreement enclosed with the above-mentioned letter of June 14.

You of course appreciate that, as pointed out in the Department’s announcement of March 3, 1922,²⁴ the Department of State does not pass upon the merits of foreign loans as business propositions nor assume any responsibility in connection with such transactions, also that no reference to the attitude of this Government should be made in any prospectus or otherwise.

I am [etc.]

For the Secretary of State:

Francis White

Assistant Secretary

22. Legal firm, New York.
23. Neither printed.
24. Foreign Relations, 1922, vol. i, p. 557.