893.515/4–2249: Telegram
The Ambassador in China (Stuart) to the Secretary of State
[Received April 22—1:31 a. m.]
814. I wish to express my agreement with the support given Chinese Government scheme develop silver currency as outlined Shanghai’s 1242, April 19 to Department, repeated Canton 286, pouched Nanking 715. This seems to me one type of self-help measure we have been advocating to Chinese. Large amounts silver coin already circulating in China from provincial and national issue and traditional respect Chinese masses for silver coin currency. Plan like that outlined would seem to promise possibility Government continuing maintain semblance of fiscal integrity and unified resistance to Communists—barring other contingencies—at least for critical period immediately ahead.
Sent Department, repeated Shanghai 410. OffEmb Canton 277.