551.5F1/16: Telegram

The Secretary of State to the Minister in China ( Johnson )

48. 1. Pittman Sub-Committee on February 11 presented to Senate Foreign Relations Committee an interim report40 recommending that the Senate advise the President to [Page 608]

Negotiate with Indian, British, French, Belgian and other Governments to induce them to suspend debasement of silver currency and government sales of silver;
Call an international conference to consider an agreement in regard to the uses and status of silver as money under Chapter 376, Section 312, Revised Statutes;
Negotiate with the National Government of China and with such other governments “as China and the United States may consider it advisable” in regard to a silver loan to China on a commodity basis.

2. Text of report will be mailed to you.

  1. For Senate Resolution 442 introduced by Senator Key Pittman of Nevada, February 11, see Congressional Record, vol. 74, pt. 5, p. 4557. The resolution was reported with amendments (Senate Report 1716), considered, amended, and agreed to, February 20; see Ibid., pt. 6, pp. 5498–5502.