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

800.51/806

Memorandum by the Under Secretary of State (Phillips)

[Washington,] May 17, 1933.

I discussed this matter with the President this afternoon. He agrees entirely that it would be wise to have the personnel appointed by outside associations and so avoid giving the impression in foreign countries that the personnel represented the Government of the United States. He did say, however, that the salaries and fees of the personnel should be approved by the Trade Commission. I told him that word had got about that he was beginning to favor Senator Johnson’s amendment,² which allegation he denied explicitly.

William Phillips

2. The amendment was passed as Title II of the Securities Act of 1933, 48 Stat. 74, 92.