893.15/22
The Under Secretary of State ( Phillips ) to J. P. Morgan & Co.
Washington
, June 18, 1934.
Sirs: The receipt is acknowledged of your letter of June 13 referring to the possibility of participation by American interests in financing in China.
It is believed that, with regard to the China Consortium, the views of the Department have been adequately expressed by Mr. Hornbeck [Page 395] in the telephone conversation held between Mr. Lamont and Mr. Hornbeck today.
Referring to the views expressed in the concluding sentence of your letter, the Department concurs.
Very truly yours,
William Phillips