Foreign Relations of the United States Diplomatic Papers, 1934, The Far East, Volume III

893.5151/376: Telegram

The Shanghai Chinese General Chamber of Commerce and the Shanghai Foreign General Chamber of Commerce to the Chinese Minister (Sze)¹⁰

[Shanghai, March 5 (?), 1934.]

Kindly forward the following message to His Excellency President Roosevelt.

We jointly desire respectfully to endorse views telegraphed by Chinese Bankers Association deprecating artificial measures to raise the price of silver. We are convinced that a rise in the price of silver unless accompanied by a corresponding rise in all commodity prices would be likely to produce most harmful reaction in China.

Shanghai Chinese General Chamber of Commerce
Shanghai Foreign General Chamber of Commerce

10. Copy transmitted to the Department by the Chinese Chargé under covering letter of March 6.