The Denison review. [volume] (Denison, Iowa) 1867-current, 1899-07-14
TOGETHER IN China.
American and British Capital
Has Joined Hands.
WILL THIS GOVERNMENT STEP IN,
The Wealth OF Both Nations Has Secured
Valuable Concessions In the East and
Both Governments Will Be Appealed to
to Enforce Them.

to Enforce Them.
New YORK, July 14.-The Tribune
Today says: A business alliance of Amer
lcan and English capitalists has been re-
Gently formed which is of unusual in
terest and Importance because of the
leading positions held by these men on
both sides and the many millions in
volved in it; because the United States
government is about to be asked to give
the compact official sanction and moral
support; because England has already
formally approved it, and because the
Held of its operationsis beyond the juris-
diction of both nations.
Announcement of this alliance was
made yesterday by F. w. Whiteridge
of the firm Of Gary s. Whiteridge, who
now fills the place left vacant by the
death Of ex-senator Calvin s. Brice, as
chairman Of the executive committee Of
the Americans China Development COM
pany. The company is one party to
the agreement and the other is the Brit
lsh and Chinese corporation. This
makes combination of the most pow
erfnl companies in the world and the
deld of their activities is China.
The concession which ex-senator Brice
secured from the Chinese government
for the American China Development
company consists of the right to con-
struct a railroad 75O miles long from
Canton to Han Kow, exceedingly valu-
able coal mining concessions and other
industrial franchises of less individual
but of great aggregate value. The Brit
lsh company had contract to build an
1SO-mile railway from Canton to Kow-
loon, on the sea coast.
Enterprise at a Critical Stage.
The American company's engineer,
with Barclay Parsons of this city, has
completed the survey of the railway
line from Hankow to Canton, and an
agent Of the syndicate is now in Shang-
hal. He reports that the negotiations
at Pekin have reached critical stage
and there is disposition Oh the part of
the Chinese government, represented by
Shan Tajen and the higher officials, not
to fulfill their part of the contract.
This is the cause OF an appeal to our
government for moral support.
Mr.. Whiteridge asserts that Lord
Salisbury has already instructed the
British ambassador in China to treat
the contract secured by the American
company and shared with the British
company, as if it We're British con-
tract, and to urge the Chinese govern
ment to fulfill its terms. The American
company sent Mr.. Parsons to Washing
ton today to make formal request that
the United States government take
similar stand. Such O demand on the
United States government is probably
unprecedented.
The British and Chinese corporation,
limited, (the London capital involved)
is q syndicate composed of the most
powerful fnanciers in Great Britain,
including the Rothschilds, Barings and
Others.
American Company's Personnel.
The American China Development
company includes Kuhn, Loeb & Co.,
Morton, Bliss & Co., Central Trust com
pany, H. @. Roster, Of j. P. Morgan &
Co; the Chase National bank First Ma.
tional bank, John Hegeman, president
of the Metropolitan Life Insurance COM
pany; Marcellius Hartley, of Hartley 6
Graham; j. Donald Cameron Of Penn
ssylvania, Henry Wolcott, Hugh ].
Grant, Moore & Schley, Carnegie Steel
company, Arthur Sewall of Maine, G.
%. Griscom, of the International Navi-
cation company; E. d. Adams, repre-
sentative Of the Deutsche bank of Ber-
lin for America; the Rockefellers, Man
haitian Trust company, some members
of the Vanderbilt family and others of
equal standing.