Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-07-14

, tomorrow will say:
A business alliance of American and
/ English capitalists has been recently
formed which is of unusual interest
and Importance, because of the leading
positions held by those men on both
sides of the Atlantic, because of the
many millions of dollars involved in it.,
because the United States government
/ is about to be asked to give the COM
pact official sanction and moral sup
port because England has already for
mally approved it, and because the field
of it's operations is beyond the jurisdic-
ton of both nations.
Announcement of this alliance was
made yesterday by F. w. Whitedge, of
the firm of Carey & Whitedge, who
now fills the place left vacant by the
death of ex-senator Calvin 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 a combination Of the
the field of their activities is China.
The concessions which ex-senator
Brice secured from the Chinese govern
ment for the AmericantChin Develop
ment Company consist Of the right to
construct a railroad $50 miles long
from Canton to Hankow; exceedingly
valuable coal mining concessions and
other industrial franchises of less in
dividual but great aggregate value.
The British company had contract to
build an eighty mile railway from Can
ton to Kowloon, on the sea coast. The
two resolved to pool their undertaking
and their profit. The British company
apparently got the better of the bar
gain, 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 ap-
parent.
The American company's engineer,
| w. Barclay Parsons, of this city, has
| completed the survey Of the railroad
line from Hankow to Canton, and an
agent of the syndicate is now in Shang-
! hal He reports that the negotiations
at Picking have reached a critical stage
| and that there is a disposition on the
| part of the Chinese government repre-
| scented by Sheng Tajen, director of
| railways, to avoid fulfilling lis part OF
! the contract This is the cause for ap-
| pealing to our government for moral
| support.
! Mr.. Whitedge asserts that Lord Sal
! isbury has already instructed the Brit
! ish ambassador in China to treat the
! contract secured by the American COM
| pany, and shared with the English
| compay, as if it were British contract
| and urge the Chinese government to
| fulfill its terms. The American COM
! pany sent Mr.. Parsons to Washington
! yesterday to make a formal request
! that the government of the United
! States take a similar stand Such a
| demand upon the United States gov
eminent is probably unprecedented.
! The British and Chinese corporation, linn
tied, (the London capital involved is a
! syndicate composed of the most powerful
F.. fnanciers of Great Britain, among others
=, Messrs Adolph Won Andre, Arbuthnot
| Bros, Barring Bros. Sir John Barry, the
eminent engineer; The Hong Kong q
| Shanghai Bank. Messrs. Jardine, Matthe-
! son & Co Ernest Cassel. the China &
I Japan Bank. Sir Auckland Colvin, Gibbs
! Bros, Sir Sandy S. Dawes, Humbro &
| Sons, the London & New Zealand Explor-
| alton Co. the Mercantile Investment Co,
| Charles Morrison Henry Oppenheim, II.
! Osborne o Hagan, the Railway Share
| Trust Lord Rothschild Sir Thomas South
| erland. Henry Parmure Gordon, S. S.
| Gladstone. Sir Marcus Samuel. the Sas-
! sones. John Walter, the Lord Mayor and
other people of well-known standing.
| The AmericanChina Development Com
| pany includes Kuhn, Loeb & Co. Morton,
| Bliss & Co, Central Trust Co.. II. c. Cos
! ter, of ]. H. Morgan & Co, Chase Nation
| al Bank First National Bank. John Hege-
men, President of the Metropolitan Life
| Insurance Co.. Marcellus Hartley. of Hart
| ley & Graham; ]. Donald Cameron, Of
| Pennsylvania; Henry Wolcott, Hugh
! Drake. Moore & Schley, Carnegie Steel
! Co. Arthur Sewall. of Maine; c. c. Girls
! com, of the International navigation Co.;
| f. D.. Adams representative of the
| Deutsche Bank of Berlin for America: the
! Rockefellers, Manhattan Trust Co, some
members of the Vanderbilt family and
Others of equal standing.
A FAIRY TALE DENIED.