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31 -14-
Q There has been a loan made to Russia and there has
been a discussion that it is the first step toward
recognition. Is that in your mind?
THE PRESIDENT: I haven't heard a word about it until I
saw the dispatch from London.
Q The Postmaster General told us repeatedly that you were
going to appoint the District Commissioners within two
or three days.
THE PRESIDENT: It would be safe to say that I hope to within
two or three weeks.
Q Doesn't this managed currency scheme of ours result in
permanent stabilization of the dollar at any time at
any fixed rate?
THE PRESIDENT: I don't know; that is a trick.
It depends again on the definition of the word "stabili-
zation".
Q I mean fixing the dollar at a fixed price in relation to
other countries.
THE PRESIDENT: I don't know.
Q Mr. President, under the American plan of no transfer of --
(interrupted)
THE PRESIDENT: That is the present stand, that is all. I
don't say that possibly we will keep all the gold here.
Right on that line, you will notice in my message to our
delegation of July 2 that I had one sentence to the effect
that we were not ready to export gold but that if and when
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"ocrText": "014\n31 -14-\nQ There has been a loan made to Russia and there has\nbeen a discussion that it is the first step toward\nrecognition. Is that in your mind?\nTHE PRESIDENT: I haven't heard a word about it until I\nsaw the dispatch from London.\nQ The Postmaster General told us repeatedly that you were\ngoing to appoint the District Commissioners within two\nor three days.\nTHE PRESIDENT: It would be safe to say that I hope to within\ntwo or three weeks.\nQ Doesn't this managed currency scheme of ours result in\npermanent stabilization of the dollar at any time at\nany fixed rate?\nTHE PRESIDENT: I don't know; that is a trick.\nIt depends again on the definition of the word \"stabili-\nzation\".\nQ I mean fixing the dollar at a fixed price in relation to\nother countries.\nTHE PRESIDENT: I don't know.\nQ Mr. President, under the American plan of no transfer of --\n(interrupted)\nTHE PRESIDENT: That is the present stand, that is all. I\ndon't say that possibly we will keep all the gold here.\nRight on that line, you will notice in my message to our\ndelegation of July 2 that I had one sentence to the effect\nthat we were not ready to export gold but that if and when"
}