File No. 893.51/1926
The Acting Secretary of State to the Secretary of the Treasury ( McAdoo)
Sir: I have the honor to acknowledge the receipt of your letter of July 24,1 in which you request that the Treasury Department be kept informed of the progress made, as well as any contemplated steps, in connection with the proposed loan to China. Since sending you on July 11 copies of the letter dated July 8 from the bankers interested in this loan, and the Department’s reply of July 9, a letter has been received from the bankers submitting a tentative list of the banks and corporations which they desire shall participate in this loan. A copy of the letter from the bankers submitting this list, together with the Department’s reply, is herewith enclosed for your information.
There is also enclosed herewith for your information copy of a letter dated July 15 from the bankers regarding certain details connected with the negotiations.
The Department of State will be glad to keep you fully informed of all developments and contemplated steps in connection with this matter.
I have [etc.]
- Not printed.↩