![]() ![]() But for some reason the bonds were left behind in China and stored in a climate-controlled cave. ![]() Chang Kai-Shek’s apprehension was correct and he fled to Taiwan in 1949 with cash and most of the national treasury of China. In a short history lesson, Chang Kai-Shek hid the weapons because he was more afraid that the public would use the weapons to turn on him. The bonds were created by some enterprising OSS Officers in China to in effect bribe a foreign official, the General of the Kuomintang (founded by Sun Yat Sen in 1912) to do what he was supposed to do in the first place. The bonds were used by the US to coax (read: buy off) Chang Kai-Shek in the late 19s to get him to actually fight the Japanese, and later the communists. I was told the story of how these bonds were part of a secret cache of bonds from WWII. Going back 27 years ago I saw my first 1934 Series Bonds – Federal Reserve Note Coupon Bond.
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