893.5151/959: Telegram

The Ambassador in China (Gauss) to the Secretary of State

1909. Secretary of the Treasury from Adler. In view of delays in reciprocal aid negotiations,68 would it be worthwhile for Treasury to consider arrangement on lines [of] arrangement already in effect in Middle East to sell gold on free market in China in order to cover U.S. Government expenditures in China, once Chinese Government starts operating in market? Advantages are obvious, drawback is that Chinese Government might be reluctant to agree. [Adler.]

Gauss
  1. See pp. 515 ff.