102.1/7–1747: Telegram
The Secretary of State to the Ambassador in China (Stuart)
911. For Adler from State and Treas. It is assumed here that monetary authorities would not wish to place order for minting 45 million ounces silver without assurance that balance of 250 to 350 million ounces could be minted promptly following completion initial order reurtels 1532 and 1535 and 1540. Otherwise issue limited to 45 million ounces could easily be dissipated without any improvement in economic situation. As indicated deptel 845 loan for currency stabilization not thought possible at this stage and introduction silver coins under existing conditions considered nugatory. [State and Treasury.]