Word: soong
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Chiang Kai-shek sent word to Brother-in-Law Soong...
From Nanking, TIME Correspondent Frederick Gruin cabled this account of T. V. Soong's final days as Premier...
...financial front the Generalissimo had no such luck. In a long, tense session, Premier T. V. Soong wrote and Chiang rewrote a series of economic decrees intended to end speculation in foreign exchange. Chinese currency, which had spiraled up to 19,400 to the dollar, was pegged at 12,000. But the deeper trouble would be much more difficult to reach without U.S. help. Chinese foreign exchange balances are barely adequate to cover minimum needs for the next three months. China's textile industry, for example, faces collapse if it cannot get U.S. cotton on credit. If China...
Without much hope, the Chinese Government was pressing hard in Washington for release of the $500 million Export-Import Bank loan, which has long been earmarked for China. In Nanking T. V. Soong tried to persuade UNRRA's fast-talking Deputy Director General R. G. A. Jackson to drop UNRRA's present relief program and instead to procure 1,000,000 bales of cotton and 200,000 tons of cereals for sale on China's open market at fixed prices...
Washington heard that Jackson, sitting that night in the U.S. Embassy in Nanking, wrote a cable outlining Soong's drastic proposals. When Jackson got to the end of the second page he could not find another sheet of paper. Impatient, he flipped the sheet over, wrote the last part of his message on the back. An Embassy clerk cabled only one side of the paper, which made it appear that Jackson had actually recommended Soong's plan. The resulting uproar in the U.S. press was a typical sample of how Chinese-U.S. relations have been worsened...