Memorandum of Conversation with Secretary of State Dean Acheson, Representative Eugene Keough, and Jack McFall
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10982
DEPARTMENT OF STATE
Memorandum of Conversation
MA
DATE:
June 6,1950
SUBJECT:
Visit of Representative Bugene Keogh (N.X.).
PARTICIPANTS:
The Secretary
ARCHIVE$ AND
RECORDS NATIONAL
Representative Keogh
Assistant Secretary NeFall
COPIES TO:
3
s/s
EUR
P
1-1493
Congressman Keogh ealled on ma today at hio request. He informed me that "as
you might expect, I have requented a f'ww soments of your time to discuss the Spanish
question". lie then called attention to the request for a loan of $700,000 made by a
private Spanish fira and now on the docket of the Export-Isport Bank. le stated that
the loan was for the purpose of constructing facilities additional to those al-
ready in existence for the manufacture of nitrogenous fertilizer. He asked rae at
this
point whether it was true that, as Benator Gomally had indicated, the State
Department would interpose no type of a political objection to the waking of a loan
to any Spanish concern via the channol of the Bank. I assured him that
was
a
correct statement of the Department position. Reogh then expressed his con-
cem that, inasmuch an the loan application in quostion was the first of a series
that would be filed, the Excort-Isport Baok officials should take as liberal a view
as possible of the financial requirezents to spare unfavorable political interpreta-
tion that would flow from their refusal to approve the loan. I told the Congressan
that
I
was not familiar with the fact that this loan application had been filed but
that I would be pleased to take the natter up with Nr. Thorp, as State Department
member
of
the
Board
of
Directors
of
the
Bank.
I
again
assured
Mr.
Keogh
that the State Department would, under no circumstances, enter any political objection
to whatever the Board fit to do on this or any other Spenish loan application, as
it was the firn policy of the Department that all applications be considered zolely
on their financial morits.
Representative Keogh then brought up another matter which, he stated, he would
not preas me to answer immediately. He requested that I give consideration to
arranging, eithor formally or informally as I might think better, an occasion for
Jose Felix De Lequerica to neet me and discuse some of the Spanish probless. Mr.
Keogh
Relations
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belongs_to