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    "label": "Memorandum from President Harry S. Truman to Secretary of State Dean Acheson, with Attachment",
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    "contentType": "document",
    "title": "Memorandum from President Harry S. Truman to Secretary of State Dean Acheson, with Attachment",
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    "productionDates": [
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            "logicalDate": "1950-02-03",
            "month": 2,
            "year": 1950
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    "ocrText": "SOME HIGHLIGHTS OF MY CHINA VISIT\nmy\nY\nI arrived in Hong Kong on October 18, 1949, and was met by\nvarious ARCHIVES \"NATIONAL REGORDS\nfriends and Chinese Government officials. The next day, I became acquainted\nwith George Yeh, Foreign Minister of China. He suggested that we have a\nprivate conference the next day. He said that Chiang and Li are not cooperating\nwith each other in the present state of affairs. He thinks a lot of Chiang as far\nas military ingenuity and ability and he is loyal to Li because of Li's sincerity\nand honest reputation. His principle worry is if Li should take over, can Li get\nthe confidence of Chiang's military followers and if Chiang should take over, will\nLi's military followers support him?\nYeh does not believe Chiang is connected with any of the corruptions as his\nrelatives, the Soongs and Kungs. He said Soong was in complete control of the\nBank of China, which controls the treasury of China, that Soong's method of using\ngovernment funds was by obtaining tremendous loans for his own personal invest-\nments and then through creative inflation the loans were repaid in considerable\nlesser amounts. He mentioned that the personal wealth of either Soong or Kung\nwas more than the National treasury. He claims that he originated the Nationalist\nblockade of the China Coast and that the Navy offered to sacrifice 3 months pay\nto enforce it. However, he does not know how long this blockade can last for\nlatest information said that Russia is aiding in having China's largest war ship,\n\"Chungking\", refloated. He does not agree with Chiang's wishful thinking of his\nability to defend Formosa for at least 2 years after the mainland is occupied\nbecause the Formosan defense is so weak that all the Communists need is a\ndozen submarines from Russia and barges and sanpans to invade Formosa, be-\ncause the Navy is being deversified along the coast of China and that the 200 planes\nin Formosa, only about a 100 are fit for combat service. The 12 submarines can\ntake care of any of Chiang's naval strength in the Formosan area. There is also\nthe likelihood of internal disturbances in Formosa because of the natives' feeling\n- 1 ***"
}