The Archive · 1931

Local Opposition

The Shanghai American Chamber of Commerce has despatched 'a strongly worded cablegram to the Chamber of Commerce of the United States, emphasizing its opposition to the much-heralded "potential" silver loan sponsored by American silver interests to China.

The message was not a matter of the moment but was discussed calmly and deliberately by the leading American business representatives of the port, the final draft! embodying the sentiments in jconeise manner.

In short, the-cable states that the local Chamber is definitely against any silver Ican by American interests to China, secondly, that they do not believe in further sales of silver in the open market for any government account,

Text read from the printed page and cleaned; old type leaves the occasional error.

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