Az Eszterházy Károly Tanárképző Főiskola Tudományos Közleményei. 1994. [Vol. 2.] Eger Journal of American Studies. (Acta Academiae Paedagogicae Agriensis : Nova series ; Tom. 22)

STUDIES - Tamás Magyarics: The (Re) creation of the Relations between the US and the Successor States in Central Europe after the First World War

As regards diplomacy, 1922 saw two other agreements between Austria and the U.S. One of them revived the Extradition Convention of July 3, 1856,

1

3 while the other

—in the form of a Presidential Proclamation — acknowledged copyright benefits to Austria for works published therein since August 1, 1914 and not in the U.S.

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4 Lastly, an agreement was concluded between the U.S. and Austria

—and Hungary

—for the establishment of a claims commission, signed on November 26, 1924.

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5 The U.S. diplomatic service in Vienna consisted of four persons: A H. Washburn in the capacity of Minister Plenipotentiary was supported by First and Second Secretaries, and by Lt Col. Harry N. Coates, the Military Attaché.

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6 As for the economic relations between the two countries, they were unofficial in most cases but the State Department cleared all private enterprises so that they would fit into the general pattern and goals of the American foreign policy. The American capital was new in the field and it preferred to take actions in cooperation with other foreign capitals, most preferably with the British one. Thus, in the course of 1922 and 1923 J. Schroeder and Co. of London acquired an interest in Boden-Credit-Anstalt, later

—when the bank issued a million new shares

—the British company increased its share by purchasing half on them in conjunction with J. P. Morgan and Co. of New York. American banks and investors held stocks in Lower Austria Discount Co. of Vienna, "controlling fully or in part through stock ownership 64 important industries and banks", including Skoda Works of Pilsen and Alpines Montan Co.

1

7 Americans also owned "external 1

3 Papers, 1922, Vol. 1, 621—22. 1

4 Max 25, 1922. 1

5 Papers, 1924, Vol. 1, 142—54. ifi i

DThe First Secretary was H.F. Arthur Schoenfeld, the Second Secretary was Warden McK. Wilson. Register of the Depaitinent of State (Washington, D.C.: Government Printing Office, 1924) 36. 17 Robert W. Dunn, American Foreign Investments (New York: B.W. Huebsch and the Viking Press, 1926) 140. 81