Foreign Relations of the United States, Diplomatic Papers, 1933, General, Volume I

550.S1 Monetary Stabilization/5

The Secretary of State to the French Ambassador (Laboulaye)³¹

Washington, May 27, 1933.

My Dear Mr. Ambassador: With reference to the informal memorandum which you handed me on May 16th suggesting that tripartite conversations between representatives of France, England and the United States should be undertaken with a view to the stabilization of the monetary situation, it gives me pleasure to inform you that American representatives will be glad to join in conversations with the French and British Governments and the French and British central banks. The American representatives will be in London in about two weeks, at which time they will be ready to discuss these important matters, wholly independently, of course, from the program of the international conference which will then be in session.

I am [etc.]

Cordell Hull

31. Attached memorandum by Under Secretary of State Phillips reads as follows: “Dear Mr. Secretary: The substance of this letter was conveyed to me over the telephone by Professor Sprague. I told him in reply that we would send a communication along these lines immediately to the French Ambassador.”