Memorandum by the Secretary of State

The Minister of China came in upon my invitation. I proceeded to inform him with respect to the exchanges of views and suggestions carried on heretofore between him and both the State Department and the Treasury concerning the silver situation and problem as it affected China and the United States in particular. I stated that the attitude of this Government was as heretofore stated to the Minister by the Secretary of the Treasury—that this Government had no plan to offer; that if the Government of China had any plan to offer relative to the silver problem, this Government would be ready and glad to consider the same with the Government of China by cable. This was the entire substance and purport of my statement to the Minister of China. He offered very little comment.

C[ordell] H[ull]