New-York tribune., 1909-07-27
CHINESE LOAN ASSURED
NO FEARS OF FAILURE.
State Department Unable to Confirm
Peking Adric6S.

Washington JuIv 2-State Department officials
expressed surprise to-day at the doubt Indicated IN
the dispatch from Peking of the ultimate success
of this countrys claim for participation with Euro
pean bankers in the 81 1900 Hankow & Sze-Chuen
Railroad loan
No advces of a dsquieting character have been
received from the departments Peking representa-
tive, and implicit reliance is placed in the promise
made to Minister Conger, the well known friendh-
ness of the Prince Regent of China and the lat
ter's recent assurances cabIed to President Taft
TO obtain for the United States an equitable snare
in the loan with Great Britain, France and Ger
many. It IS recalled that the friendship OF the
United States for China has been conspicuous
among the nations for many years, and that the
recent remission of large share OF the Boxer IN
demnity is only one OF many evidences OF Amerl-
can good will. This government. 1t Is said. is not
in the least apprehensive OF failure in the matter
of the loan.
Peking July &-The success of President Taft's
telegram, sent about q week ago TO Prince Chun,
the Chinese Regent. with the purpose, it is unoer
stood here, of tying the hands OF Grand Coun-
cilIor Chang Chi Tung In the question Of America
claim for equal participation in the Hankow d
Sze-Chuen Railroad loan of Sg7.an00o. appears
doubtful The Chinese Foreign Board to-day is
unable TO vouch for Chang Chi Tungs actions. and
fears that he will memorabilia the throne in favor
of the original loan agreement thereby forcing
the Prince Regent TO decide between his own safety
The Prince Regent has placed most serious in
depreciation on President Taft's message. and has
instructed the Chinese Foreign Board to use every
means in its power 10 arrange the loan in accord
ance with Mr. Tafts wishes.
It is now learned TINT on July :. after the failure
Of the conference In London with the American rep
resentatives the British. French and German bank
ers signed an agreement enlbra cling equality
alliance with reference TO Chinese loans. The
foreign bankers here are eagerly awaiting details
of this agreement.
The above disclosure followed threatening British
criticism here relative to the political infrmities
Of the British alliance with German banks. and is
believed to have been partly inspired by British
apprehension at being involved in the threatening
scandals the construction of the German sec
ton Of the Tien-Tsin & Pu-Kow Railway which
the Germans and British are building.
Following their unacceptable offer 10 America at
the meetings OF the interna tonal bankers in Lon
don when the European bankers offered TO the
American representatives q quarter of the Hoo-Peh
section Of the loan, the British German and
French bankers here using the American re-
the purpose Of putting the responsibility for
the failure IF a four-sided agreement on America.
and with this object In view adroitly pressing
China through the German banks The tripartite
banks are taking full benefit OF the influence which
the Germans acquired Chang Chi Tung by
undermining the British and French bankers last
March when China accepted a German loan OF
sIs.9oooo for the Yang-Tse section Of the Canton
Hankow railway. and are using it for the purpose
OF applying pressure 10 China's structural weak
ness namely, her central unco-ordnated bureaus
IN view Of this the result will be either the rejec-
ton Of Americas claim the dismissal OF Chang
Chi TNIng.
Henry P. Fletcher American Charge d'ATaires
at Peking. to-day warned Sir John N Jordan. the
British Minister at Peking. and also the British
Bank that the American government Will under
stand a continuation Of pressure on Chang Chi
Tung TO mean that 1t is sanctioned BY Great
Britain.