550.S1/676: Telegram

The Chargé in France (Marriner) to the Secretary of State

175. From Norman Davis. At the conclusion of a long talk this morning with Daladier67 on disarmament problems he briefly referred to the financial problem created by our going off gold.68 He said he was not personally perturbed but that some of his collaborators were. He remarked that he had predicted such a move two months ago and felt it was the inevitable answer to British monetary policy and the fluctuating pounds (sterling) and if it resulted in a final monetary agreement between France, England and the United States it would be well worth while.

In view of the somewhat hysterical attitude of the press here concerning which Marriner is reporting separately and reports reaching here of near panic among French party with Herriot,69 I felt Daladier’s attitude was most significant. Absent Ministers have been called back from vacation for Cabinet meeting tomorrow. [Davis.]

Marriner
  1. Édouard Daladier, President of the French Council of Ministers.
  2. Executive Order No. 6111, April 20, 1933.
  3. Édouard Herriot, Head of the French mission to Washington for conversations preliminary to the Monetary and Economic Conference; for correspondence concerning these conversations, see pp. 494 ff.