493.11/1777: Telegram
The Secretary of State to the Minister in China (Johnson)
327. Department’s 324, September 20, 8 p.m.24 By letter dated September 23 Houston of Baldwin Locomotive Works informs the Department that on the basis of information received from Andersen, Meyer and Company the Ministry of Railways is willing to settle immediately accepting signature of Wright25 for Andersen, Meyer and Company and Baldwin Locomotive Works and Fowler for General American Tank Car Company provided the three material creditors concerned agree to nominate a single representative acceptable to the Ministry who will be empowered to deal on any questions that may arise concerning the agreement, such representative to be without authority to reduce principal or interest or amount of minimum monthly payments. In accordance with the above, Andersen, Meyer and Company on behalf of Baldwin Locomotive Works, the major creditor, has selected Cornell Franklin as this representative and Baldwin Works understands that Fowler has agreed. Houston expressly asks that Department inform you that Andersen, Meyer and Company has full power of attorney from the Baldwin Locomotive Works and that his company is “prepared to cooperate with them in every way in effecting this settlement.”