Copy of Cable to Benjamin Strong Jr.
Title
Copy of Cable to Benjamin Strong Jr.
Creator
Armour
Identifier
WWP18712
Date
1919 August 15
Description
A copy of a Treasury Department cable sent to Benjamin Strong Jr. concerning the sale of German gold.
Source
Benjamin Strong Jr. Papers, New York Federal Reserve Bank
Language
English
Text
Ammission,
Paris.
54.
Received the following from Department today, Aug. 13, 9:00 p.m. Following is for Benjamin Strong from Treasury. “It may be necessary or desirable to ship gold to Spain in connection with Ifinal settlement of peseta credits opened for the Treasury through New York banks. Treasury is making inquiry through Department of Stqate as to whether Bank of Spain would, if requested, be willing to accept gold earmarked in Paris, London or New York with proper allowance for shipment charge, thence to Spain. French Government has expressed willingness to furnish up to $10,000,000 in Napoleons in return for German gold adelivered in Paris, accepting German gold on the basis of 999.4 of fineness. Can you ascertain and cable:
1. Cost of shipping German gold from from Belgium to Paris.
2. Same inquiry from Amsterdam to Paris.
3. Cost of shipping Napoleons from Paris to Madrid.
4. Cost of shipping gold from London to Madirid.
5. Earliest date upon which Napoleons shipped from Paris to Madrid against Gefrman gold shipped from Belgium or Amsterdam to Paris can be counted on to reach Madrid.”
Armour
Paris.
54.
Received the following from Department today, Aug. 13, 9:00 p.m. Following is for Benjamin Strong from Treasury. “It may be necessary or desirable to ship gold to Spain in connection with Ifinal settlement of peseta credits opened for the Treasury through New York banks. Treasury is making inquiry through Department of Stqate as to whether Bank of Spain would, if requested, be willing to accept gold earmarked in Paris, London or New York with proper allowance for shipment charge, thence to Spain. French Government has expressed willingness to furnish up to $10,000,000 in Napoleons in return for German gold adelivered in Paris, accepting German gold on the basis of 999.4 of fineness. Can you ascertain and cable:
1. Cost of shipping German gold from from Belgium to Paris.
2. Same inquiry from Amsterdam to Paris.
3. Cost of shipping Napoleons from Paris to Madrid.
4. Cost of shipping gold from London to Madirid.
5. Earliest date upon which Napoleons shipped from Paris to Madrid against Gefrman gold shipped from Belgium or Amsterdam to Paris can be counted on to reach Madrid.”
Armour
Original Format
Letter
To
Strong, Benjamin, 1872-1928
Files
Collection
Citation
Armour, “Copy of Cable to Benjamin Strong Jr.,” 1919 August 15, WWP18712, Benjamin Strong Jr. Papers, Woodrow Wilson Presidential Library & Museum, Staunton, Virginia.