 Regarding his policy actions, it is often mentioned that Coe, together with Assistant Treasury Secretary Harry Dexter White and Treasury economist Solomon Adler, opposed President Franklin Roosevelt's gold loan program of $200 million to help the Nationalist Chinese Government stabilize its currency in 1943.However, White's documents indicate while he favored giving economic assistance, he had concerns that cash assistance might be misused or fall into enemy hands.Arlington Hall cryptographers identified the Soviet agent designated "Peak" in the Venona project as "possibly" Coe, but there is no clear reason for the identification.