Ask the Scholar
Page 2 of 2
I can add historical knowledge about this page.
Page image
OCR
-2-
The time has come, in my judgment, when the
interests of the Philippine Republic and the United
States both require that stock be taken as to the immedi-
ate requirements of financial assistance to the Philippines,
future requirements, and method by which the determined
requirements are to be met. I believe that this can best
be accomplished by the creation of a Joint Philippine-
American Finance Commission to study the entire picture
and formulate a definite program. This has been dis-
cussed by the National Advisory Council and, apparently,
has the blessing of the President of the Philippines.
Creation of such a Joint Commission would bene-
fit not only the Philippines, but the United States as
well. Entirely apart from any moral obligation to the
new Republic, the United States is interested on a purely
business basis in the Philippines. In addition to the
RFC loan of $75,000,000 for fiscal purposes, the Congress
authorized over $620,000,000 in money and property to be
made available to the Philippines through the Philippine
Rehabilitation Act. We are, therefore, interested in aid-
ing the Philippine Republic to establish a sound economy
not only from the Philippines' point of view, but also in
order that the United States' investments in the success
of the Philippines may be protected.
Continued piecemeal action on the part of the
United States by Act of Congress, through the RFC, the
Export-Import Bank, or any other agency, will not be of
maximum benefit to the Philippines and may well result in
the dissipation of many dollars and much property of the
United States without attaining the desired end.
It would be my recommendation that a letter along
the lines of the attached draft be addressed to President
Roxas. I believe that the course of action suggested in
the proposed letter conforms to the views entertained by
Mr. Martin and Mr. Clayton.
RICHMOND B. KEECH
Administrative Assistant
to the President.
Enclosures
Page data
- Page
- 2
- Source index
- 0
- Type
- photo
- Media ID
- b60b55a107348ab9
- Size
- unknown
Document data
- ID
- 290018290
- Core
- doc
- Type
- document
DTO data
{
"id": "290018290",
"sourceUrl": "https://catalog.archives.gov/id/290018290",
"contentType": "document",
"title": "Memorandum from Richmond Keech to President Harry S. Truman",
"citationUrl": "https://catalog.archives.gov/id/290018290",
"collections": [
"President's Secretary's Files (Truman Administration)",
"Subject Files"
],
"iiifBase": "https://s3.amazonaws.com/NARAprodstorage/lz/presidential-libraries/truman/hst-psf/602191/750352/750352-056-001.tif",
"thumbnailUrl": "https://s3.amazonaws.com/NARAprodstorage/lz/presidential-libraries/truman/hst-psf/602191/750352/750352-056-001.tif",
"largeImageUrl": "https://s3.amazonaws.com/NARAprodstorage/lz/presidential-libraries/truman/hst-psf/602191/750352/750352-056-001.tif",
"imageCount": 2,
"hasImages": true,
"source": "import",
"hasTranscription": false
}
Context sent to Scholar
Document identity
{
"localId": "290018290",
"label": "Memorandum from Richmond Keech to President Harry S. Truman",
"core": "doc",
"dtoType": "document",
"citationUrl": "https://catalog.archives.gov/id/290018290"
}
Document source metadata
{
"id": "290018290",
"sourceUrl": "https://catalog.archives.gov/id/290018290",
"contentType": "document",
"title": "Memorandum from Richmond Keech to President Harry S. Truman",
"citationUrl": "https://catalog.archives.gov/id/290018290",
"collections": [
"President's Secretary's Files (Truman Administration)",
"Subject Files"
],
"iiifBase": "https://s3.amazonaws.com/NARAprodstorage/lz/presidential-libraries/truman/hst-psf/602191/750352/750352-056-001.tif",
"thumbnailUrl": "https://s3.amazonaws.com/NARAprodstorage/lz/presidential-libraries/truman/hst-psf/602191/750352/750352-056-001.tif",
"largeImageUrl": "https://s3.amazonaws.com/NARAprodstorage/lz/presidential-libraries/truman/hst-psf/602191/750352/750352-056-001.tif",
"imageCount": 2,
"hasImages": true,
"source": "import",
"hasTranscription": false
}
Document source extras
{
"url": "https://catalog.archives.gov/id/290018290",
"naId": 290018290,
"levelOfDescription": "item",
"productionDates": [
{
"day": 20,
"logicalDate": "1946-08-20",
"month": 8,
"year": 1946
}
],
"recordType": "description",
"ocrSource": "nara-archive"
}
Page context
{
"seq": 2,
"pageIndex": 0,
"type": "photo",
"url": "https://s3.amazonaws.com/NARAprodstorage/lz/presidential-libraries/truman/hst-psf/602191/750352/750352-056-002.tif",
"mediaId": "b60b55a107348ab9",
"ocrText": "-2-\nThe time has come, in my judgment, when the\ninterests of the Philippine Republic and the United\nStates both require that stock be taken as to the immedi-\nate requirements of financial assistance to the Philippines,\nfuture requirements, and method by which the determined\nrequirements are to be met. I believe that this can best\nbe accomplished by the creation of a Joint Philippine-\nAmerican Finance Commission to study the entire picture\nand formulate a definite program. This has been dis-\ncussed by the National Advisory Council and, apparently,\nhas the blessing of the President of the Philippines.\nCreation of such a Joint Commission would bene-\nfit not only the Philippines, but the United States as\nwell. Entirely apart from any moral obligation to the\nnew Republic, the United States is interested on a purely\nbusiness basis in the Philippines. In addition to the\nRFC loan of $75,000,000 for fiscal purposes, the Congress\nauthorized over $620,000,000 in money and property to be\nmade available to the Philippines through the Philippine\nRehabilitation Act. We are, therefore, interested in aid-\ning the Philippine Republic to establish a sound economy\nnot only from the Philippines' point of view, but also in\norder that the United States' investments in the success\nof the Philippines may be protected.\nContinued piecemeal action on the part of the\nUnited States by Act of Congress, through the RFC, the\nExport-Import Bank, or any other agency, will not be of\nmaximum benefit to the Philippines and may well result in\nthe dissipation of many dollars and much property of the\nUnited States without attaining the desired end.\nIt would be my recommendation that a letter along\nthe lines of the attached draft be addressed to President\nRoxas. I believe that the course of action suggested in\nthe proposed letter conforms to the views entertained by\nMr. Martin and Mr. Clayton.\nRICHMOND B. KEECH\nAdministrative Assistant\nto the President.\nEnclosures"
}