893.515/556: Telegram
The Consul General at Shanghai (Cunningham) to the Secretary of State
[Received 6 p.m.]
214. In an unsigned article entitled “An American Economic Mission” appearing in the May issue of Oriental Affairs, a Shanghai-British monthly, edited by Woodhead (British), compiler China Year Book, it is stated
“It would be well, however, if the American public could be made to understand that, under the guise of friendship for China interested politicians have contrived to strike this country a far deadlier and more dangerous blow than was struck by the Japanese forces, either in Manchuria or in Shanghai. As the Chairman of the Hong Kong and Shanghai bank so forcefully put it, America’s silver policy ‘has been of benefit to an insignificant number of persons to a not very convincing extent, while it has been the cause of a serious dislocation which may yet prove disastrous in a country containing one quarter of the world’s population’.”
Repeated to the Legation.