The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-07-14
THAT is THE DEMAND MADE BY
AMERICAN AND BRITISH PRO-
MOTERS THERE
An lEGLO-AMERICAN ALLIANCE
1T HAS BEEN FORMED TO DE-
VELOP RAILROADS AND MINES
IN CHINA
BRITISH SUPPORT IS GIVEN

Chinese Government Shows DispO-
sitiOn to Refuse to Carry Out Its
Agreement. and American and
British Governments Are APP
peaIed TO-EngIand Has Re-
spOnded-America Called Upon.
NEW YORK, July 13-A business alli-
ance of American and English capitalists
has been recently formed which is of
unusual interest and Importance, because
of the leading positions held by these
men on both sides of the Atlantic and
because of the many millions of dollars
involved in it; because the United States
government is about to be asked to give
the compact its sanction and moral sup
port; because England has already form
ally approved 1t, and because the field of
its operations is beyond the jurisdiction
of both nations
Announcement Of this alliance was
made yesterday by F. M. Whitbridge, of
the firm of Carey e Whitbridge, who
now fills the position, by the death Of
Calvin S. Brice. of chairman of the exc
cutive committee of the American China
Development company. This company IS
TO be known as the American and British
Chinese corporation. This makes a COM
bination of the most powerful capitalists
in the world. The field of their activity
is china.
The concessions which ex-senator Brice
secured from the Chinese government for
the American China development COM
pany consist of the right to construct a
railway saventy-five miles long from
Canton tc Hankow, exceedingly valuable
coal mining concessions and industrial
franchises of less individual but great
aggregate value.
The British company had contract to
build er eigEty-niIe railway from Can
ton to Koonton, or the seacoast. The
two resolved to pool their undertaking,
and their profit The British company
apparently got the better of the bargain,
but their ability to sell Chinese bends in
the money market of Europe exceeded
the ability of the American company to
sell Chinese bonds in America CT any
where else to such an extent that the
advantage is only apparent.
The American company's engineer, w.
Barclay Parsons, of this city, has COM
pleted the survey of the railway line from
Hankow to Canton, and an agent of the
syndicate is row in Shanghai. He re-
ports the negotiations at PeKin have
reached a stage and that there is no dis
position on the part Of the Chinese gov-
ernment, through Sheng Yen, director Of
railways, TO avoid fulfilling its part OF the
contracts. This is the cause for appeal
ing to cur government for moral support.
tIa+ Col
bury has already instructed the British
ambassador in China to treat the con-
tract secured by the American company
and shared with the English contract
as if it were British contract and urges
the Chinese government to fulfill its
terms. The American company sent Mr.
Parsons to Washington yesterday to
make a formal request that the govern
ment of the United States take similar
stand. Such demand upon the United
States government is probably unprece-
dented.
WHO PROMOTERS ARE.
The British and Chinese corporation
limited Ghe London capital involved), is
a syndicate composed of the most power
full fnanciers in Great Britain, among
others, Messrs. Adolph Won Andre, Ar
buthOt Bros, Barring Bros, Sir John
Barry, the eminent engineer; the Hong
Kong and Shanghai bank; Messrs. Jar
dine Matheson & Co, Ernest Cassel, the
China and Japan bank, Sir Auckland Col
vim, Gibbs Bros, Sir Sandys Dawes, Ham,
bro K Sons, the London & New Zealand
Exploration company, the Mercantile IN
vestment company, Charles Morrison,
Henry Oppenheim, Osborn O'Hagan, the
Railway Share Trust, Lord Rothschild,
Sir Thomas SOutherland. Henry Pardeur,
Gordon, A. A Stone, Sir Marcus Sam
uel, the SassOnes, John Walter, the lord
mayor, and other people of well known
standing.
The American China Development com
pany includes Kuhn, Loeb & Co, Morton.
Bliss & Co., Central Trust company, H.
c. Roster, of ]. P. Morgan & CO. Chase
National bank, First National bank, John
Hegeman, president of the METROPOLITAN
Life Insurance company; Marcellus Hart
ley, Of Hartley & Graham; J. Donald
Cameron, of Pennsylvania; Henry VOL
colt, Hugh J. Grant, Moore & Schley,
Carnegie Steel company, Arthur Seweil,
of Maine; c. c. Griscom, of the Centen-
nial Navigation company; c. T. Adams,
representative of the Deutsche Bank of
Berlin; the Rockefellers, Manhattan
Trust company, some members of the
Vanderbilt family, and others of equal
standing.