862.51/2849b: Telegram

The Acting Secretary of State to the Ambassador in Germany (Sackett)

[Paraphrase]

28. For Gilbert. Lee, Higginson have told me that the British are suggesting that part of the issue be subscribed for by British banks, that the French are considering a similar request, that neither is objecting in principle. At the present time we are hardly in a position to close our markets to every request for capital from abroad. Do you hold to your conclusions in the face of this information? Reply tomorrow by 10 o’clock.

Cotton