550.S1 Monetary Stabilization/58: Telegram
The Acting Secretary of State to the Chairman of the American Delegation (Hull)
Washington, June 28,
1933—6 p.m.
79. For Sprague from Acheson. Please cable at once for Treasury’s information your views;
- (a)
- Of imminence of going off gold by Holland, Belgium, Switzerland and France, and the consequences of such action internationally and upon our domestic situation.
- (b)
- As to whether immediate action desirable by us and if so whether you recommend attempt to regulate exchange transactions or temporary unilateral stabilization transactions or temporary tripartite action or combination of any of these.
Please cable Treasury daily regarding imminent events and your judgment concerning them. [Acheson.]
Phillips