The reception accorded to President de Valera in U.S.A. had exceeded anything they had expected. No envoy from this country had ever been received in the way that their President had been received.
As regards the Loan issue in U.S.A., President de Valera had asked for discretionary power to increase the amount of the issue originally decided on. He was at present in conference with a number of American Bankers, arranging preliminaries as to the issue of the Loan.
Launched on 17 January 1920, organised by James O'Mara and helped by de Valera's campaign, the loan issue raised $5.5 million in six months.