Messersmith, G.S. Memorandum to The Secretary [Cordell Hull].

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University of Delaware Library, Museums and Press

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Has been informed that trade agreements with Germany will be discussed again in the Department; believes it unwise to give Germany encouragement; all U.S. would get from Germany would be assurances, not payment of debts; Germany's policies have not changed; with the removal of Schacht as the one restraining influence in the economy, the situation has worsened.

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