The American Group to the Secretary of State

Sir: We duly received your letter of December 8th,63 (FE–898.51/3550), with reference to the loan arranged with China by the Royal Financial Corporation of Vancouver for $3,000,000. We first learned of this negotiation in September and at that time made inquiry of the Park Union Bank, which was mentioned as having possible connection with the transaction. Their response to us was that they knew nothing about it and were in no way, directly or indirectly, interested. We enclose for the Department’s information an exchange of cables with London bearing upon this subject, also a copy of the prospectus recently issued by the Royal Financial Corporation.63 We have no information as to this loan beyond the records sent you herewith.

Yours very truly,

J. P. Morgan & Co.
For the American Group
  1. Enclosures not printed.
  2. Enclosures not printed.