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               THE SECRETARY OF THE TREASURY                
 
                         WASHINGTON                         
 
 
December 6, 1941
 
 
My dear Mr. President:
 
 
I am sending you herewith an
analysis of three different
estimates of the German oil situation.
 
 
Yours sincerely,
 
 
(signed)Morgenthau
 
 
The President,
 
The White House.
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