The cotton barter deal with Germany sponsored by George N. Peek, head of the Export-Import Bank, may be revised to meet the objections of Secretary of State Hull, it was learned today.
Secretary Hull has objected to the proposed barter pact on the ground that it was not consistent with this country’s already established trade policy. This objection was transmitted to President Roosevelt who, it is understood, suggested that Peek revise the plan.
PLAN STILL ALIVE
That Peek’s cotton barter plan is still alive, was indicated by Secretary of Agriculture Henry A. Wallace. The secretary pointed out that the problem involved was not easy of solution.
“Some of us have been working to see if we could discover a formula that would be satisfactory
Help ensure Jewish news remains accessible to all. Your donation to the Jewish Telegraphic Agency powers the trusted journalism that has connected Jewish communities worldwide for more than 100 years. With your help, JTA can continue to deliver vital news and insights. Donate today.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
