THE WHITE HOUSE                       
 
                                                            
 
                         WASHINGTON                         
 
 
December 4, 1944.
 
 
MEMORANDUM FOR HON. E. R. STETTINIUS, JR.
 
 
I have yours of November 29th on the Economic Treatment of Germany.
There are two things which I think the State Department ought to keep
in the linings of their hats.  (1) That in the Economic Treatment of
Germany we should let her come back industrially to meet her own needs,
but not to do any exporting for some time and we know how things are
going to work out.
 
 
(2) We are against reparations.
 
 
(3) We do want restitution of looted property of all kinds.