File No. 5315/299.
The Acting Secretary of State to Ambassador Hill.
Washington, June 25, 1909.
Mr. Wilson informs Mr. Hill that his telegram of the 22d is gratifying, and points out that terms on which American bankers are willing to participate are contained in departments is telegram of the 16th to Peking, quoted to him in telegram of June 19. Instructs Mr. Hill for his own guidance, and only if it should appear that there is some misunderstanding, that it should be made clear that this Government in waiving its just right for American capital to cover one-half of the Hankow-Szechuen loan expects substituted an American share of one-fourth of the total sum involved in the whole of the present loan agreement, including the Hupeh-Hunan section of the Canton-Hankow line as well as the Hupeh portion of the Hankow-Szechuen line.
Quotes telegram of 24th, from Peking,1 and adds that the department is insistent that American participation will include equal right to furnish materials and has so informed Peking.
- Supra.↩