Papers Relating to the Foreign Relations of the United States, With the Annual Message of the President Transmitted to Congress December 7, 1909

File No. 5315/351.

Chargé Fletcher to the Secretary of State.

[Telegram.—Paraphrase.]

American Legation,
Peking, July 15, 1909.

Mr. Fletcher reports that he has suggested to Liang, stating that it was wholly on his own responsibility, the feasibility of increasing the present loan by about 12½ per cent and admitting equal American financial participation in the revised loan, and that Liang has promised to make this suggestion to Chang. Says bankers in Peking think this arrangement will be satisfactory. Asks if Chang will agree will department approve. Adds that it is admitted the present loan is insufficient.

Fletcher.