The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-07-14
Form an Alliance of Great
Strength for Big Operations
in Chinese Empire.
HAVE VALUABLE CONCESSIONS.
United States to be Asked to Give
Compact Official Sanction
and Moral Support.
SOMETHING UNPRECEDENTED.
Disposition on China's Part to
Avoid Fulfilling the Con-
tracts Already Made.

NEW YORK. July 1S.-Tho Tribune
tomorrow will say:
A business alliance OF American
and English capitalists has recently
been formed, which is Of unusual in
terest and Importance. because OF the
leading positions held by these men on
both sides Of the Atlantic, because Of
the many millions OF dollars involved
in 1t, and 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 1t and be-
cause the field OF It's operations is be-
yond the Jurisdiction Of both nations.
Announcement OF this alliance was
made yesterday by F. w. whItedge. Of
the firm of Cary 8 Whitedge. who are
now filing the place left vacant by the
death of Senator Calyin S. BrIce, as
chairman OF the executive committee
Of the American-China Development
Company. The company is one party
to the agreement and the other is the
British and Chinese corporation.
This makes combination Of the
most powerful capitalists in the world.
The field Of their activities is China
Concessions Secured.
The concessions which ex-senator
Brtce secured from the Chinese gov
ernment for the American China De-
velopment Company consist Of the
right to construct railroad $50 miles
long, from Canton to Hankow; exceeds
inEly valuable coal mining concessions
and other Industrial franchises Of less
individual but great aggregate value.
The British company had contract
to build an eighty-Inlle railway from
Canton to Kowloon, on the same coast.
The two resolved to pool their UNDER
taklngs and their pfoAts, The British
company apparently got the better Of
the bargain. but their ability to sell
Chinese bonds in the money markets
of Europe exceeded the ability Of the
American company to sell Chinese
bonds in America or anywhere else, to
such an extent that the advantage is
only apparent.
The American company's engineer,
W. Barclay Parsons, of this city, has
completed the survey OF the railroad
lire from Hankow to Canton, and an
agent Of the syndicate is now In shang-
hal.
A Critical Stage.
He reports that the negotiations at
PelIng have reached n critical stage.
and that there is disposition on the
part OF the Chinese government. repre-
sented by shang Tajen, director of
railways, to avoid fulfilling its part of
the contract. This is the cause for
appealing to our government for moral
support.
Mr.. Whltedge asserts that Lord Sal
isbury has already instructed the Brit
ish ambassador in China to treat the
contract secured by the American
company, and shared with the English
company, as II It were u British con-
tract, and urge the Chiuese govern
ment to fulfill its terms. The Ameri-
can company sent Mr.. Parsons to
washington yesterday to make for
nal request th0t the government OF
the United States take similar stand.
Such demand upon the United states
government is probably unprecedented.
Powerful Combination.
The British and Chinese corporation,
limited, (the London capital involyeG.
is syndicate composed of the most
powerful financiers in Great Britain.
among others Messrs. AdoIph Won An-
DIRE, Arbuthnot Brothers, Barring Bros,
Sir John Barry, the eminent englneerT
the Hong Kong and Shanghai Bank,
Messrs. Jardlne, Mattheson & Co.,
Ernest Cassel, the China and japan
!, Bank. Sir Auckland Colvln, Gibbs
Brothers. Sir Sandy S. Dawes, Hum
bro & Sons, the London and New Zeal
AMI Exploration Company, the Mercan-
tile Investment Company, Charles
Morrison. Henry oppenheim, II. Or
borne o'Hagan, the Railway Trust,
Lord RothschIld, Sir Thomas Souther-
land. Henry Parmure Gordon, s. s.
Gladstone, Sir Marcus Samuel, the
sassones. John Walter. the Lord May
or and other people of well known
standing.
The American Company.
The American-Chinn Development
Company includes Kuhn. Loab q Co.,
Morton, Bliss & Co., Central Trust
Company. H. G. Koster, of j. p. Nor
gan & Co. Chnse National Bank, First
Nation Bank, John Hsgeman. presl-
dent of the Metropolitan Life 1nsur-
ancc Company. Marcellus Hartley. OF
Hartley & Grlham. ], Donald Came
ron OF Pennsylvania, Henry Wolcott,
Hugh ]. Drake, Moore & schley, Car
negic Steel Company, Arthur sewall,
Of Maine; C. c. Ghscom, of the Inter-
national Navigation Company; u. D.
Adams, representative Of the Deu,schc
Bnnk OF Berlin for America; tho
Rockefollers, Manhattan Trust Com.
pany, some members Of the Vanderbilt
family and others Of euual standing,