Fantastic matte-finish 9.75 x 8 photo of the members of the World War Foreign Debt Commission and the Belgian Commission, signed in the lower border in fountain pen by each member, including Herbert Hoover, Andrew W. Mellon, Frank B. Kellogg, Reed Smoot, Theodore E. Burton, Charles R. Crisp, Richard Olney, Edward N. Hurley, Garrard B. Winston, Arthur N. Young, and F. G. Blair of the Debt Commission, and Emile de Cartier, Emile Francqui, Felicien Cattier, Georges Theunis, Robert Silvercruys, and Andrew Terlinden of the Belgian Commission. Reverse bears a National Photo copyright stamp. A bit of dampstaining to the lower left affecting two signatures, a paperclip impression and dark mark to the upper border, and a bit of silvering to dark areas of the image, otherwise fine condition. The American group was led by Secretary of the Treasury Andrew Mellon and established in 1922 to negotiate repayment agreements with foreign countries indebted to the United States in the aftermath of World War I, and in 1925 they came to a satisfactory agreement with the Belgian delegation. Pre-certified PSA/DNA.
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