Office of the Historian

550.S1 Monetary Commission/5: Telegram

The Chairman of the American Delegation (Hull) to the Acting Secretary of State 62

London, June 20, 1933—9 p.m.
[Received June 20—4:34 p.m.]

47. For the President from Warburg. Discussion in second committee of Monetary Commission was centered entirely on our resolution63 introduced yesterday. At today’s session committee unanimously accepted sections (a) and (b) and referred remainder of first half to subcommittee appointed for working out technical details of an eventual permanent gold standard and referred second half of resolution relating to silver to second subcommittee under chairmanship of Pittman. This result highly gratifying and precisely what [Page 651] we were working for. First committee has so far debated resolution introduced by Chamberlain64 on immediate monetary and credit policy which closely resembles first half of our corresponding resolution. We have not joined debate since through Cox chairmanship we can get in our work more easily in drafting committee which will probably be appointed tomorrow. [Warburg.]

Hull
  1. Transmitted to President Roosevelt, aboard U. S. S. Ellis, as telegram No. 5, June 20, 6 p.m.↩
  2. See fourth resolution in “Memorandum on Policy for American Delegation,” pp. 622, 626; for discussion, see Journal of the Monetary and Economic Conference, pp. 66–67.↩
  3. Neville Chamberlain, British Chancelor of the Exchequer.↩