894.51 So 8/20: Telegram

The Secretary of State to the Ambassador in Japan (MacVeagh)


87. Your telegram 132, December 9, 5 p.m.

[Here follows a paragraph which is the same in substance as the first two paragraphs of telegram 397, December 3, 4 p.m., to the Chargé in China, printed ante, page 489.]

The following is for your confidential information. The wide publicity which the loan has received in the United States has been generally unfavorable. Informally, it has been intimated to the Department that it is the feeling of the bankers that this publicity has adversely affected the market in this country for such a loan and that the bankers have decided in view of this, and of the doubtful wisdom of underwriting a loan so evidently mixed up with Far Eastern politics, to postpone any consideration of the loan. The Department has received an intimation that the Japanese have been informed by the bankers of the situation indicated above. We should in no way discuss or give out information concerning any decision the bankers have reached or may reach. Such information should come from them.

The Department feels you should refrain from commenting on this matter except to say that you understand that as yet the Department has received no definite proposal.