Memorandum from President Harry S. Truman to Secretary of the Treasury John Snyder, with Attachment

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August 5, 1947 Memorandum for: Secretary of the Treasury From: The President I am enclosing you copy of a letter which I have just received from Claude Bowers, our Ambassador to Chile age also copy of one which he has sent to Norman Armour in the Office of the Secretary of State. I hope you will make it perfectly plain to our friend, McCloy, that the Wall Street crowd are not to control the operations of the International Bank I am very sure that Bowers has a real complaint because I have had some conversations with Admiral Leahy, who is personally acquainted with Gonzale Videla and had some conversations with him while he was there. Under no circumstances must the copper interest control our International Bank relations with regard to these loans. I hope you will take a personal interest in this and see that Chile is treated on evactly the same basis as Peru and other nations that have made settle- ments on their loans to American bankers. 3. HATIONAL HARRY S. TRUMAN ARCHIVES AND RECORDS SERVICE* Enclosures