893.51/5042: Telegram
The Secretary of State to the Minister in China (MacMurray)
Washington, July 25,
1927—4 p.m..
294. Your 753, July 23, 5 p.m. Department is not prepared to give its approval to the transportation of silver by American naval vessels from one port of China to another merely for the purpose of reducing premiums on exchange. It is not convinced that such approval is necessary for the purpose of facilitating the payment of troops and marines at Tientsin as it believes that money for this purpose may be obtained and transported by naval vessels without necessarily utilizing the facilities offered by the bank.
Kellogg