The Adviser on Political Relations (Hornbeck) to the Secretary of State

Mr. Secretary: In the report hereunder34 there appears further and strong evidence indicating the possibility of there developing in Japan, if and as there is continuance and increase of the burden which the current military adventurings impose upon the nation, internal revolution.

S[tanley] K. H[ornbeck]
  1. This report (not printed) consisted of “an extremely interesting interview between Hirochi Kondo and Treasury Agent Nicholson” at Shanghai, as transmitted to the Secretary of State by the Secretary of the Treasury. The Japanese expressed various views, among others that the war in China would be ended by agreement, that a socialistic monarchy might result in Japan, and that war between Japan and the United States was unlikely.