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Urge Revision in Cotton Plan

December 24, 1934
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to the cotton people who were interested in exports and to the broader considerations that are involved in the policies of the State Department. It is a formula that would necessarily have to govern the gold bloc countries” Secretary Wallace said. “I don’t know whether it has been discovered or not.”

TO HOLD MORE PARLEYS

Asked if it is fair to assume in that connection that Peek’s barter plan is still alive. Secretary Wallace said, “yes.”

In the process of revising the proposal to meet Secretary Hull’s objections, further conferences with German interests anxious to obtain American cotton, will be necessary.

Secretary Hull insists that any trade arrangements with Germany must be in keeping with foreign trade policies already adopted by the United States. These policies have the approval of the cabinet and President Roosevelt.

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