Alling, Paul H. [Washington]. To the Secretary [Cordell Hull].
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University of Delaware Library, Museums and Press
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Walther Funk, German Minister of Economy, reported to have declared in Istanbul that Germany was negotiating with U.S. for conclusion commercial treaty; purpose of Funk's visit to Turkey was to extend credit of $60,000,000 for Turkish purchases in Germany; offer probably made to counteract impression made several months ago when Britain extended $80,000,000 credit to Turkey that Turkey had been brought into the British camp; official of German Foreign Office reported to have doubts that Turks would accept much German credit; Turks trying to escape close commercial relations with Germany and seem anxious to obtain satisfactory agreement with U.S.