The Wichita daily eagle., 1897-12-25

government on the Gde OF building and
I maintaining them. until now the coun-
( try is covered by net work OF wires.
50 the present war has taught them the
necessity OF railroads. and the precedent
! being established, building VII go on
/ apsce.
This all sounds reasonable enough.
and seems really what should logically
| be the consequence OF the war. but from
\ the things l hear and See, | still do not
believe T. I have seen copy OF the
/ Belgian contract: IL Is not a railroad
| building scheme, but banking scheme.
! The syndicate is 10 lend the Chinese
government t2.ooooeo. which. with 49,
! O0o. 600 taels "a tael 10 worth about 66c
! just now, that the Chinese government
| says 1t will put into the same enter
| prise, is 20 be used 10 build the peking-
Hong-Kow railroad. There are pcovis-
ions as 70 the payment. the price OF the
| bonds. and manner OF repayment-and
| the only security offered - the road when
1 built-if IL is ever 5uilt-and for the
non payment OF the interest g per cent)
on principal. the taking OF the road. but
absolutely no particulars as 70 the man
ner or time os foreclosure are given
and II seems incredible that any one
! should lend money on such terms. AS a
| matter OF fact. II IS common talk that
the Belgian syndicate find they cannot
raise the money.
The represen;ativ OF che HoOley-
Jameson syn t!cste. four in number. are
stopping at this hotel. Before they ar
rived a caolegram from London in the
signed. Nothing OF the kind was true
the gentlemen have now come here 70
sign il. The talk is OF loan aggregat-
ing fl6, 900. 900. OF which 70 000.0 600 are
said 10 be ready in LonGon. and fi00, 900
was 10 be deposited by the syndicate as
sign OF good faith on sfnging OF the
contract. II is also said that besides the
security OF the road (when builD), this
syndicate is 10 nave what would amount
10 a second mortgage on the customs
fund OF China, upon which the Russo
French syndicate. when il forced It's
loan on the Chinese government, took
the first mortgage, and this fund. in a
department managed for the last quar-
ter Of a century by distinguished Eng
lshman, Sir Robert Hart, Is the only
ready asset that China has 10 dispose or.
for her great mineral wealth shen as as
yet refused 70 use asa basis Tor loan.
The remarkable part OF the affair Is that
a large part OF the money lent is 10 be
used 10 pay of the remaining Indemn-
ity due Japan. in order that China may
save interest and rid her soil of the
last japanese soldiers. and that the vsri-
Gus nations should fall no each other To
lend China money az a little over per
cent Che bonds are to be charged at - or
90. on such security.
You can imagine now proud makes
the Chinese TO have all tie foreign min
listers begging the Tsungli-Yanlen 70 per-
NIT their countrymen to lend China
money. This otel is a vertible ho<-5ed
OF intrigue. in which al the natiois are
included, 70 get concessions Of mines |
or railroads. or - ge; the government to
acceut a loan. The hitch In the HOoley-
Jameson negotiations az presen. SCENE |
10 be that the certificates Of deposit sor
the 100000 in London banks 20 be
handed On 10 the government do not
specify tlat they were deposited fo- the
purpose OF comsumstlng this loan. and
whether the Hong Kong an6 Shsnghl |
oank. now the Russia-Chira bank. viii
accept them on taat account. TIE men |
do not appear 20 me % De the kind OF ]
men tca, would De san: is the syndicate
meant business. and from what I have
heard they do not expect 70 effect any
thirg-I think the whole thing Is a sort
% advertising scheme OF Hooley's. fo-
which he was wiling 20 pay. Of course /
t0moTrov may prove me wrong but
even i: the contract Is signed. Z. ALI BE-
worth nothing IL the Chinese want 70 60
back on 4. and o. course the CaiaeNe are {
wili 30 get hold of TIE mnOey-zet rli - /
the japanese. ard Hne their own pockets I
in the transzctioa-5u, the building o. /
railroads VII be a matter of Indifference /
70 them. and in answer 70 Pere Jsvier's
argument about pTeceden1. l nig5; point I
70 the Tien-sin-Shac-hsi-v railroad I
which has been built and operated by /
Ii Hung Chang FOR the last tnir'eea 1
years. snd yet has not suffice 20 snduce 4
t1e resr ot China . build
'Also. t1ere u the Imperial Customs I
Department when I alluded 20 before. /
which has 80 long hes1 a3rniaigrsres by 4
Sir Rooer, Hart. a model of noE z0vs-r-
men, Departments sboBl1 % CONDUCTED I
Il has an enormous SAT- % Europeans .
% al nations enz Chinese. - waarfs
and godoxns. e. snips. llgate7@. sn1 1
even cruisers; tf5zs D1ilf a. TIE GGat-
houses and st ali tas ogoTs o. tse
Chinese coszt: 4: - TIE oezt pad depart
rnen<. with an exce.ient pension syztern.
- ina: q Dc ia the -cVs:ons = = Z -
t!nctloa and a s3ss <hsnz. sn1. lastly.
4 s1ruisoes an everlasting reTea1s -
t:7e government. sn4 TIE only o1@ that
csa - o5sol1teiy eep4nset s2oa- Ts;.
WITH this excsIls1s example before fle-n.
y has never oocsrei q them 20 sx1snf
tse system % otze- depzrt1ae1sz- All r.
from tsen vita ire sane sxcsisu- Te-
suits TIE 5asls - - system asfss-
naudsd BY So Ro5e-t Ha-t - absolute
asy5 ungl5es-ions1 cautroI e fhs Eaoi-
department. Eiiaszt s-y z7Ternrsenszl
ist@rfe-enre. Yet they aave NJ. b~zs-
ais5 81 the 'pCsce@enf' ans osIzsss e
;his department. tainZs are 49, - thsT
siEzys we're
TIE trysa ~ that TIE Eaols system
% Czsuese Kyssrnrsens - ro.tsa ron
;8o % so-on--ss zcf1alIy CARED e.
sai P=zs1 otacisls az sTs- Es1Fs inter-
es--d ia preserving = fazn tie rTpVl.-
c.ai cnss. s1r tssT have 70 oEs % f@et
05-on i-e p<svizcaa1s. z5c r. tara D-fy
on .5@ p<Sie- AZ osHeizi We ooiy "a
Acts - pr cent lsc2--< s@re3 zsefrrsts
g. a