1 janv. 1928 - "Chase National Bank and the Equitable Trust
Company were leaders in the Soviet credit
business."
Antony Sutton, Western Technology and
Soviet Economic Development. Credit From
Western Firms pg.277
Description:
Antony Sutton, Western Technology and Soviet Economic Development. Credit From Western Firms pg.277-278
Chase National Bank and the Equitable Trust Company were leaders in the Soviet credit business. For some years this was handled on the basis of platinum credits, as the State Department requested return of gold shipped from the Soviet Union. In time this position also changed.31 Some financial
houses, notably Blair and Company, had a decidedly bad reputation within the State Department32
Credits to the Soviet Union were supposedly against State Department policy in the mid 1920's. The German Foreign Ministry Archives has reports however of an International Harvester credit of $2.5 million for 18 months in 1925; this was overshadowed by the $30 million revolving credit advanced
by Chase National in 1926.33
31 U.S. State Dept. Decimal File, 316-136-471.
32 Memorandum, Division of Russian Affairs (316-137-404)·
33-German Foreign Ministry Archives, Roll 3033, Frame H109454·
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