551.5F1/158: Telegram

The Secretary of State to the Minister in Switzerland ( Wilson )


108. Legation’s 128, September 14, 11 p.m. The application of you and Davis to the task of bringing a silver conference resolution before the League Council is highly appreciated. Your telegram of September 14 refers to the readiness of India to cooperate toward a stabilization of silver prices. Since opinion in Britain seems to favor cooperation on this issue, our belief is that the resolution you plan to offer might delay matters beyond the time set in our telegram 101 of September 3, 4 p.m. Please advise whether you feel that a study by the Finance Committee would prove harmful, should resort be made to direct negotiation with interested Governments. If so, our suggestion is for you to informally request Davis to proceed no further.