Papers Relating to the Foreign Relations of the United States, With the Address of the President to Congress December 4, 1917

File No. 893.51/1804

[Untitled]

American Legation,
Peking, September 7, 1917, 5 p.m.

Minister of Finance informs me that he will begin on Monday negotiations with the representatives of Consortium for a loan of approximately 200,000,000 Mexican dollars for the purpose of currency reform exclusively, offering as security the surplus revenues from salt and maritime customs and the Government’s profits from seigniorage on the subsidiary coinage and from smelting of copper cash.

Reinsch