500.A15A4/1849: Telegram
The Secretary of State to the Ambassador in Great Britain (Bingham)
98. For Davis. The President has made it perfectly clear to Doctor Schacht,81 during a conference with him on May 6th, that the United [Page 131] States will insist that Germany remain in status quo in armament and that we would support every possible effort to have the offensive armament of every other nation brought down to the German level. The President and Doctor Schacht discussed only land armament and not naval; the President intimated as strongly as possible that we regard Germany as the only possible obstacle to a Disarmament Treaty and that he hoped Doctor Schacht would give this point of view to Hitler as quickly as possible.
- Hjalmar Schacht, president, German Reichsbank; German delegate, Preliminary Economic Conversations, Washington, May 5–12.↩