American Loan For China?

New York Times 100 years ago today, September 30, 1912:
Berlin Hears an Offer of $25,000,000 Has Already Been Made.
By Marconi Transatlantic Wireless Telegraph to The New York Times.
    BERLIN, Sept. 29.— Berlin newspapers state that a Hamburg export house, the Messrs. George Westendorf, has been asked to become the authorized representatives of China to float a German loan of $10,000,000. One version says the project is simply part of the Crisp loan.
    Cablegrams from German sources in Shanghai further allege that China requires immediately another $50,000,000 in addition to the Crisp loan, and that the American group has already offered half that amount. It is added that China is thinking of resuming negotiations with the Belgian group.