The Washington times., 1895-06-21
CHINA'S WAR INDEMNITY
She Is TRYING to Secure the Silver
From American Capitalists.
One of the Largest Financial Trans.
actions of Recent Years to Be
Consummated.

Negotiations have recently been opened
with view TO having China secure from
American capitalists the amount OF silver
requisite TO pay the Chinese war indemnity
| OF zoe, 600 900 taels to Japan
The legations here are Informed of the
general features of the proposition. AT the
Chinese legation it was stated that the
negotiations bad not proceeded through
the minister, but through agents in China
of the American interest, and that II vas
not yet known what conclusions had been
reached.
Should the negotiations be consummated
1t will make ore of The largest financial
transactions OF recent years, and more than
double the amount OF the recent Morgan
Belmonttransaction with the United States.
Tue indemnity is payable in Chinese taels,
equal to the Mexican dollar which is now
worth about % cents OF American money.
1t is understood that the payment will
be made III silver bullion, the tael being
used only as a measure OF the amount.
under the terms OF the China Japan treaty,
which have not heretofore been stated,
the payments are to be made as follows
Fifty million taels payable six mouths
from the ratification OF the treaty; 60,
coo 900 one year from that date, aud
the remaining 100 900 900 u els payable
i'll six annual instaIments. The first
payment of 80 ,0O0 coo taels falls due
next November and The second payment
oil the game amount in May next.
The names OF the Americans Interested in
the negotiation could not be learned at the
Chinese or japanese legations.
1t is understood, however, that the re-
turn of Nr. John W. Foster, who is ex-
pected in a few weeks, will bring additional
particulars. Ii American silver was used
10 meet the indemnity, the amount would
be equivalent TO the silver coinage for
two years while the Sherman law was in
operation.
II was reported some time ago that
China had raised the war Indemnity n
Paris by securing the guaranty OF Russia
and France. This has not been confirmed,
however, and the loaU has not yet been
made
Ii is for this reason that negotiations have
been opened TO have the loan taken in the
United States. Chinese credit always stood
high before the war, and her bonds sold
readily. 1t is not known what, il any,
security She would give in addition to the
faith of the government II has been
suggested that her customs receipts be
given as a guaranty, but these amount to
only S23 ,0Go zoe annually. Valuable rail
road and other internal concessions, it is
sum necessary TO indemnify Japan.
The present negotiations with Russia
and France refer merely to the extra in
demnity to be given because of the renun-
citation of the LiaoTung peninsula 10y
Japan, and do not refer to the main loan,
which the Americans wish to secure.
This Victim Paid 200 Per Cent.
Editor Tiucs. We are delighted to see
hot 10 in
which locks after its patrons and the com
munity in general.
Your latest effort is the exposure OF
The Capital Guarantee Loan and Trust
Company" ," OF No Coz F street northwest
! They are fiCnds who should certainly be
brought 10 justice and compelled to return
TO their victims the money gotten by fraud.
Last September we called on this COM
pany and borro " cd $50. After sign
ing several papers we found that they re-
taincd S2-5 for recording the deed of
trust on furniture; consequently we only re
Ceived SlT50. They made out the note
Tor $22, and for five months collected 50
a month interest. They then collected the
S22, making a total of S32 which they
received. against SIT. 80 which We received.
Thus they got S1450 interest for five
months, or about goo per cent interest a
year
Now, we would like to ask you if this
is consistent with Just law, or is there
a law at all To Counteract such viiIainy
in the District. There are times when it
becomes imperative to borrow, but there
should be a fair limit-to amount of inter
est demanded.
1t is TO b. hoped that your crusade will
bring the Shylocks OF Washington 10 the
wall, and that soon. The bogus mort
gage and ironclad agreements which they
SO courteously demanded in their private
office are now in your possession, TO do
with as you see fit.
CHARLES s. TURLEY,
212 h street northeast