893.51/3592: Telegram
The Minister in China (Schurman) to the Secretary of State
[Received November 23—10:53 a.m.]
414. My 409, November 19, 6 p.m. Distinct relaxation of crisis observable as a result of psychological factors although fundamental facts little changed. Change arises in part from arrival of funds, including about three-quarters of a million dollars from Chang Tsolin but not yet released by him to the banks, plus assistance from Chinese Bankers’ Association, in part from spread of patriotic sentiment to rally in support of these Chinese banks against supposed machinations foreign banks to injure Chinese banks during the Washington Conference as alleged in native press.