Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1899-07-20
CHINESE SYNDICATE
British and Yankee, to Open
Reluctant Doors.
BrICe Company Lesgued with Eng.
iiSh FiRancierS With Purpose of
Ceiling Both Governments to
Join in Pro 'eCfing Contracts.

pany. better known as the Chinese syn
dictate, Which the late Senator Calvin
S. Brice organized, and the British &
Chinese Corporation, Limited, an Eng
lish syndicate. The purposes of both
include the obtaining of contracts, de-
crees and concessions and the con-
struction and maintenance of rail
ways and o,her public works in China
\ formal contract between the two
| syndicates was made on February /
The contract recites among other
! things that the parties have similar
| objects and are organized in kindred
/ communities which have the same gen
eral theories of law jrade. commerce
and justice, and each intend to fur
nish the necessary capital to exploit
the enterprises they may respectively
! undertake and to provide for the maa-
agememt of the same; that there are
| difficulties in the way of procuring
such capital by reason of the fear that
contracts entered into in China may
not enjoy the same inviolability as here
and in England; that it is desirable to
endeavOr to procure all protection pos
sfble for the upholding of such con
tracts; that it is believed by the parties
| that the governments of their reSpec-
tive countries by uniting in the assur-
ances of protection of the rights of
| their respective subjects and citizens
on which they have hitherto respec-
! lively relied in embarking capital in
foreign countries will afford an eff
| fectual force for the protection of such
enterprises, and that united action by
ihe two governments will bep rOmoted
by union of the two syndicatcs.
Each party offers to the other an
option on one-half its own interest in
any business hereafter obtained by i'll
| in the empire of China. The agree
ment is made TO apply to the prelimi-
nary contract which the development
company has already entered into for
the construction of railway from
Hankow to Canton and to the prelim
mary contract which Jardine Aathe-
son & Company ON behalf of the Brit
ish concerns have entered into for the
construction of Il railway from Cannon
to Kowloon
The following statement as to the
contract was given out yesterday byI
ecretary T.. Beatty in behalf of the
American China Development COM
pany.
''The British and Chinese Corpora
ton. Limiled, is syndicate composed
of the most powerful fnanciers in
Great Britain, among others Messrs.
Adolf Won Andre. ArbEthnot Brothers.
Barring Brothers. Sir John Barry, the
eminent engineer; the Hong Kong
Shanghai bank. Jardine, AIatheson &
Company Ernest Cassel. the China and
Japan bank, Sir Auckland Colvin.
Gibbe Brothers, Sir Edward Sandys
Dawes. Hambro q Sons. the London
& New Zealand Exploration company,
The Mercantile Investment trust.
Charles Morrison. Henry Oppenheim
H. Osborne O'Hagan, the Railway
Share trust. Lord Rothschild, Sir
Thomas Sutherland, Henry Parmure
Gordon. IS. S. Gladstone, Sir Marcus
Samuel. the 'Sassoons, John Walter,
the lord mayor. and other we'll known
people of equal standing.
''The American China Development
company includes within its list |
Messrs Kohn Loeb & Company. Nor |
ton, Bliss Il Company, she Central
Trust company, H. A. Coster of ]. |
Pierpont Morgan & Company. Brown |
Brothers. Vermilye & Company, the |
Chase National bank. John Hegeman.
presider4 of the Metropolitan Life In
surance company; Marcellus Hartley |
of Hartley & Graham, the Hon. ].
Donald Cameron of Pennsylvania, the |
Hon. Henry Wolcott of Colorado, |
Hugh j. Grant, E. H. Hartman.
George G. Haven. Thomas f. Ryan,
Moore & Schley, the Carnegie Steel
company, Arthur SewaIl of Maine,
Clement Griscom, E. D. Adams. the
Messrs. Rockefeller, the Manhattan
Trust company, some members of the
Vanderbilt family and others of equal
standing.
THE contract between these two cor
porations is the first and probably the
only visible form of the Anglo-SaXon
alliance, and makes a. combination of
the most powerful capitalists in the
world. One contract with the Chinese
government calls for a survey of the
line of the railway from Hankow to
Canton which has been made 10y Mr..
W. Barclay Parsons. engineer of the
Rapid Transit commission. An agent
of the syndicate IS now in Shanghai in
reference to some of the provisions of
the contract 1t is understood that the
negotiations at Pekin have reached a
critical point. and that There is a dis
position on the part of the Chinese
government, represented by Shang
Taien, director Of railways, to avoid
the fulhllment of the same. Lord Sails