File No. 893.51/1926

The Secretary of State to the American Group

Gentlemen: The Department acknowledges the receipt of your letter of July 16, 1918, enclosing a list of the various banking and trust companies throughout the country whom the new group hopes to have associated with it in connection with the proposed loan to China.

The Department approves the list you have submitted with the understanding that it does not prevent the participation in the loan of any other banks or trust companies which the group and the Department may in the future agree upon.

I am [etc.]

For the Secretary of State:
Frank L. Polk