893.51/7229: Telegram

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

246. To the Secretary of State from A. M. Fox.

“Conference with Generalissimo on the 14th highly satisfactory. Expressed satisfaction at further evidence of American aid, complete agreement with need for correction of China’s economic problems, and with Stabilization Board’s coordinating its activities with alleviation of pending financial and economic conditions.

Chinese members, Fox and Taylor6 have held number of informal and profitable discussions. Conference with leading bankers and economists also going forward with Dr. Kung’s approval. Chinese members together with Frese7 are making short fact-finding tour of leading Chinese cities while Fox and Taylor and American trained Chinese economist are visiting Shanghai. Formal organization Board deferred until it reassembles.[”]

Gauss
  1. William H. Taylor, alternate American member of the China Stabilization Fund Board and assistant to Dr. Fox.
  2. Walter F. Frese, American assistant to Dr. Fox and Mr. Taylor.