File No. 5315/299.
The Acting Secretary of State to Chargé Fletcher.
Washington, June 25, 1909.
Mr. Wilson quotes telegram of the 22d instant from Berlin,1 and informs Mr. Fletcher that the terms on which American bankers [Page 167] are willing to participate are contained in department’s telegram of June 16. States 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. Refers to Mr. Fletcher’s telegram of the 24th instant, and directs him to inform minister foreign affairs that the Government of the United States is gratified to learn that the loan will not be concluded without American participation. Adds that this Government, however, insists upon its equal right to furnish materials.
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