550.S1 Monetary Commission/15: Telegram

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

120. Your 110, July 7, 11 a.m. enclosing message for the President from Pittman. The President does not see any objection to the adoption of the resolution referred to in its modified form. Both the President and the Delegation have already stated the position of this Government on temporary stabilization. We, therefore, do not see any advantage in making the proposed explanatory statement which will tend to reopen a subject closed by the President and which [Page 703] may be construed as modifying previous statements. You may, however, in agreeing to the resolution, make a statement that it is the opinion of the Delegation that it does not conflict with the public statement of the President of the United States under date of July 3, 1933, or the statement of the Delegation of the United States of America of July 5, 1933, both of which are filed with the Secretariat General.

Phillips