893.74/196: Telegram
The Secretary of State to the Minister in China (Schurman)
Washington, November 29,
1921—2 p.m.
307. Your 396, November 14, 7 p.m.
President Federal Telegraph Company states that banking connections of Company, outside of Consortium are waiting to see what China will do in regard to the recent default of the Chicago Bank loan. Company’s first financial arrangement was upset by default and it can only wait to see what attitude China assumes to restore its credit. You may use your discretion in making such confidential use of the above as may seem necessary in your discussions with Chinese authorities.
Hughes