The sun., 1899-07-14
JOINT CHINESE SYNDICATE
british AND YANKEE, TO OPEN RE-
LUCTANT DOORS.

Ihe BriCe Company LeaEued with EnHish
Financiers with the Purpose OF Getting
Both Governments to Join in Protect
ing Contracts When China Ii Balky.
A combination has been entered into between
the American China Development Company.
better known as the Chinese syndicate. which
the late Senator Calvin s. Brice organized, and
the British and Chinese Corporation, Limited.
an English syndicate. The purposes OF both
include the obtaining OF contracts. DEGREES and
concessions and the construction and mainte-
nance Of railways and other public works in
China. A formal contract between the two
syndicates was made on Feb. ].
The contract rectes among other things that
the parties have similar objects and are or
ganized in kindred communities which have
the same general theories Of law. trade. COM
merce and justice. ana each intend to furnish
the necessary capital to exploit the enterprises
they may respectively undertake and to pro-
vide for tho management OF the same: that
there are difficulties in the way OF procuring
such capital by reason OF the fear that con-
tracts entered into in China may not enjoy the
same inviolabity as here and in England;
that 1t is desirable to endeavor to procure
all protection possible for the upholding
OF such contracts: that 1t Is believed by
the parties that the Governments Of their
respective countries Dy unillnR IN tne aSSuT-
ances Of protection Of the rights OF their re-
spectve subjects and citizens on which they
have hitherto respectively relied in emba rking
capital in foreign countries will afford an
effectual force for the protection OF such enter
priaps. and that united action by the two GU,.
ernments will be promoted byunion Of the two
Each party offers to the other an option on
one-hRlf Its own interest IN any business here
after obtained by it in the empire OF China.
The agreement is made to apply to the pre-
lminary contract which the devel9pment
struction of a railway from Hankow to Canton.
and to the preliminary contract which Jardine
@ S Gsh M II the sh
| q railway from Canton to Kowloon.
rhe siD following statement as as ] TO- the CONTRACT
Beatty In behalf OF the American China De-
re!oIpmen5 Company, c,,. c.,.u
Limited, is syndicate composed Of the most
p9Twerful nancs5s in Great Britain among nn;
Brothers, Barring Brothers, Sir John Barry,
the eminent engineer the H9ngk2nE ,shanshHi
colvin. Iiibbs Brothers. Sir Edwyn sSndys
Dawes. Hambro 4 Sons, the London and New
1SS% 1sSsstmfnt Trss, 6harss MorFisOn o9F HsnrS
9SSppsnhSsim; H osborPs o,HaE3n the Railway
HenS GSrdon Sd
Gladstone. Sir Marcus samuel. the Sassoons.
John Walter ths M Lori Lord Mny9r and other we'll
The American china Developmcnt Com
Pany Includes within ps its list "a Messrs S Knhni
Trust Company, H. A. ,Coster Of J. Pierpont
Morgan h Co. E19wn B12thcrs t yGEmiIye 4
| tional Bank. John HeVemnn. President OF the
metropolitan Life INSURANCE. COMPANY; Mar
j S DonaI Cameron Can Of Pennsyivania. a the the Hon
Henry Wocott o: Colorado, Hugh ]; Grant. /;
Hynn Mnrs scSes the C. asnsRe aa ses
com, com +. B. Aaams the Messrs hoekeieii Ter. the
the Vanderbilt family and others of equal
"The contract between these two corpora
tions is the first and probably the only visible
| form Of the AnGlo.SaNon alliance. and makes
in the world, One. contract with. the Chinese
| Government calls for a survey Of the line Of
the railway from apkoT to GnnSn , which has
neer of. the Rapid Transit Commission. An
agent OF the syndicate is now in shanghai in
tract. 1t is understood that the negotiations at
pckin have reached a critical point. and that
| Government, represented by Sheng TaJen. III.
| rector OF Railways, TO avoid the fpln lment Of
aude m a1 rf"hy he
| as If 1t were a British contract. and urge the
iuliilment Of T. terms upon the Chinese Gov
| asked the Government OF the United states TO
take similar position, and Gen. Parsons, who
has recently returned from China, leaves for
Washington to-day 70 present this request to
the Government. The Chinese Goyernment,
| who are accustomed in dealing with foreign
erstto always meet the oficial representatives
| OF the countries to which those foreigners be
long have been somewhat puzzled by the fail
| ure Of the United States to take the same posi-
| tlOn in respect to these matters taken by other
Governments dealing with the Flowery King
dom and 1t is hoped by tho American China
| Development Company that our Government
| will do at least as much for the American
corporation ns the British Government has
| already done In consequence Of the signature
OF the company above stated"
FredcrcE W. Whitrdge OF the law firm Of
| Cary Whitridgo, which since the formation
| Of the Chinese syndicate has been its counsel.
| has been made member OF its committee.
taking the place OF the late Senator Bricc The
others on the committee ARE Richard J. Cross
OF Morton Bliss 4 Co. and President i. T. o.
| cott oi the Central Trust Company. Mr. Cary.
| Mr., MhtrdRes mariner, isnow In Pckin. China.
| Mr.. Whitridge will soon sail for Europe