The San Francisco call., 1899-07-14
Wide Scope Of the Work Of
the American-China De-
velopment Company.
INDORSEDBYENCLAND
Millions Of Dollars Involved il Z
Scheme Uncle S2m vii Be
Asked 70 Sanction.
g3z1 D.s3z-cs 70 gs Cz

EEW YORK July 1t-Tls TrloU1e
tomorrow Tll say. = business alliance
- American ana English capitalists nas
1ee1 recently for1-@I F-1lC1 -s u lE--
1ls1a- interest and zlpocLance. because
- re leading positions ned - these
men o1 o1rn SIDES II ire Atlantic De-
cause II me many millions - dollars
involved IL IL aecelss the ~ 1lL@c
states Government " a.sg1- ~ ~ zEk@I
IL = - me compact 1ff.cla- sanction aE-1
mora. support, beca-ae England nas -
ready formally approved H. aIc D--
cause t1e fed II 41s op@ra-le1g -is BE-
yond N 5ar-sd ctsgE - Do-1 nations
Announcement ~ la-e alliance WAS
made yesterday by 2. " HEi-r-dge q
the fru ~ Cary Q. WblJrL1ge, who nov
fills -1e p-acs -e1r vacant ~ me death
y ex-senator Calvin s. Br.ce - chair
ua- 4 Inc executive c1clE--re@ ~ me
China D=Ez.9 9prI=lZ Con-
p4Ly. Tne company -s gLe party - taF
agreement and -Ee l-L-E ~ TIC 5z4L-sE--
Chinese E9rDoE2tlo-- lH-S makes Z
con. 8lLaIlg1 u L1z L-Dsr pyh@ " cap
tallsta II Ehe ~or.c. and me fed O
their ACTIVITY le China
The concessions which ex-senator
Er.Ce secured from rne Chinese Gov err
raelt for -Le zmerlczI-f- China Develop
yyEEt Con TzEy consist ~ me Tlg1L 70
construct . railroad l53 niles long from
Canton ~ EaEky7-. exceedingly Fa-E-
able coal mining concessions aLC otlsr
Industrial fralc1lzes ~ lAsz lE-fllE E.- Ia
BIZ great aggregate, value
The British company has Z CONTRACT
10 BUILD ~ e5ghtE-ZClae railway from
Canton ~ K0#-o11 or ne - coast
The Two resolved ~ pool their Incet-
taking a1c tnelr profit. Tl= British
p " - J.
me bafga4I- bay r1esr ao--lLy - sea-
Chinese DgEdE tH The money markets u
Europe exceeded tEe aJ-lly ~ iEE
American company - sell Chinese
bonds ~ America. yr aIEgF mere eL1e, 70
such an extea. that the advantage II
The American compzny's engineer
". Barclay Parsons o. rnls city, has
completed the survey y the railway
line from Eauk0H u Canton ana ~
agent q the syndicate lE noW II S1ang-
haI He reported that the negotiations
at Pekiag have reached q critical stage
and there rs 9 disposition CD The part
II he Chinese Government. repre-
aenteG by Sheng TageL, director oI
railways 70 avoid fulfilling ~ part y
the contract. This IB rhe cause II tne-T
appealing - our Government for moral
5fr. Whiuldge asserts that Lord
Hose5ery has already Instructed the
British Ern DassaCor IL China u treat
the contract secured by me American
. cyElpany and shared win the English
cCuDany ~ i Il were Z British con-
tract. and u urge the Chinese Govern
Tneuu % fUl1J in terms. The American
company sent nr- Parsons 70 Washing
ton yesterday % make 4 formal request
Inat the Government II the United
States take a similar stand. Such d
demand upon the United states Gov
tE
The British and Chinese Corpora ton
Gln{teGJ the LONDON company inFolE-
eC. .g a syndicate composed Of the most
powerful hCancierG II Great Britain
among others MesSTE. AdOlph Won An
- dre, zTDuthnOw Bros, Barring Bros, Sir
John Barry, the eminent engineer: the
FOnRkong and Shanghai Bank, Mes6rs.
JaFGine NarIheElU Sz Co. Ernest
CasEel the China and Japan Bank. Sir
AUckIsn GOWN, Gibbs Bros. Sir Sandy
Dawes, Hambro q Sons. the London
and New Zealand Exploration Com
pany. the Mercantile Investment Com
pany, Charles Morrison, Henry Open
helm Osborn OHaggin the Railway
Share Trust, Lord Kothschllds Sir
Thomas Southerland, Henry PaTmure
George &. Gladstone, Sir Marcus Sam
uel the Sassoneg, John WaebeT. the
IorG Mayor and other people u we'll
known standing.
The Americana China Development
Company includes Kuhn, Loeb 81 Co.
Morton. Pllss &, Co. Central Trust Com .
pany, II. G. Roster Of J. =. Morgan &
Co, Chase National Bank. First Ma
tlonal Bank, John Hegenan. president
Of the Metropolitan Life Insurance
Company Marcellug Hartley of Hartley
IL Graham, J. Donald Cameron of
Pennsylvania, Henry Wolcott of Den
yer, Hugh J. Grant Moore & Schley
Carnegie Steel Company. Arthur Sew
all of Maine. q. g. Grisconn Of the In
ternational Navigation Company Z. D.
Adams, representing the Deutsche
Bank Of Berlin for America. the Rookie
fellers Manhattan Trust Company
some members Of the Vanderbilt family
and others Of equal standing.