893.51/5123: Telegram
The Secretary of State to the Minister in China ( MacMurray )
105. Your 196, March 21, 11 a.m. In view of position taken by the National Government in note of December 4 last (see your telegram December 12, 6 p.m.83) Department doubts whether renewed protest would accomplish anything of immediate value. Moreover Department [Page 822] does not consider it expedient to single out any one obligation for special presentation at this time. If you consider that useful purpose would be served, however, you may discuss with your colleagues the proposal made in your paragraph 2. Department desires, however, that any action upon which you and your colleagues may tentatively agree be referred to it for consideration before action is taken. You should keep in mind Department’s desire to safeguard the interests not of Hukuang bond holders only but of all American creditors. Department’s suggestions based on general survey of obligations due to American citizens will probably be despatched by next pouch.