The Denison review. [volume] (Denison, Iowa) 1867-current, 1908-02-05
AMER|CANL
Our Government Gives Back to
China Large Sum
TWELVE MILLION DOLLARS
Remarks of Senator Lodge on Reso.
luton to Remit Part of Boxer
Indemnity

ffeS1QenL 10 consent TO mOOlNcaClOn OF
the bond for 1924. 440. 778. 81. dated
December Is. 1906. received from
China pursuant to the protocol of
September 4. 1901. for indemnity
against losses and expenses incurred
by reason of the so-called Boxer dis
Iurbance in China during the year
1900. so that the total payment to be
made by China under the bond shall
be limited to at Sill. 655. 1920 and
interest at the stipulated rate of a
per cent per annum, and that the re-
mainder of the indemnity to which
the United States is entitled under
the protocol and bond may be RENTED
as an act of friendship. such paw
ments and remission to be at such
times and such manner as the Presi-
dent shall deem just.
After the Boxer troubles in China.
at which time. as Senators we re-
member. the legations were attacked
and some lives were lost. including
that of the German minister. relief
expedition was sent there by the va
rios western nations. in which we took
part. After the capture of Picking
the powers agreed to make demand
upon China for an indemnity in one
sum to all the powers for the injuries
inflicted upon their legations and for
the losses and expenses incurred by
the expedition. The sum agreed upon
was 45O.OOO.OOO taels. Our State
Department endeavored to keep the
total amount of the indemnity down
as far as possible. 1t was our opin-
ion that it was eX .essive. and al
though we did not succeed in reducing
the indemnity to the point to which
we thought it ought to be reduced,
we did effect some reduction.
This lump sum of 450. 600. 600 taels
was then divided among the various
powers taking part in the expedition.
and the allotment made to us on the
ground of losses to our citizens and
expenses incurred was S24. 440. 778. 81.
At that time it was not possible to
make more than very rough guess
at the expenditures IF the War De-
partment and the Navy Department
in regard to the expedition sent to
Picking. 1t has been since found
that those estimates were much too
large and that Sill .655. 492 SO will be
quite sufficient to meet all possible
indemnity which we could in justice
demand.
The expenses of the War Depart
ment as now ascertained under the
revised estimates are 81. 1856. $40. Is
of the Navy Department. So 469. 49,.
"a; and claims of citizens. corpora.
tions. societies, and others to the
amount of So. 900. 600 have been allow
ed.
In the revised estimtes of the Wal
and Navy Departments is included g
fund for the pension of the wives anc
minor children of those soldiers who
fell in the expedition by wounds OF
in battle or by disease and for those
injured in the expedition. 1t is be-
lieved that the sum of 1855. 492. 6e
will cover every indemnity that we
could properly demand. and the joint
resolution proposes to remit to China
the balance, amounting in round mum.
bers to twelve million and some hun.
dred thousand dollars.
This indemnify is held under bono
which has life of forty years, and i!
to be paid over the entire period
principal and interest. We have al
ready received from China Sc. 5l8.
.034.75. All the obligations hav,
been promptly met. We have thu
far received from China, as l hav,
said. Sc. 900, 900. which is principally
interest. Out of that sum the pri
vitae claims have been settled, ant
there is owing the Treasury balance
of 50. 523. 105, 81 to the credit of tn,
State Department, with which balan