The Owosso times. (Owosso, Mich.) 1897-1926, 1909-12-10
In the Far East.

serves unchanged its policy or support
Ing the principle Of equality of oppor-
tunity and scrupulous respect for the
integrity of the Chinese empire. 20
which policy are pledged the interest
ed powers Of both east and west.
BY the treaty of 1908 China has I'M
dertaken the abolition of liliin with q
moderate and proportionate raising of
the customs trriff along with currency
reform. These reforms being q mani
fest advantage to foreign commerce as
we'll as to the interests of China, this
government is endeavoring to facili-
tate these measures and the needful
acquiescence of the treaty powers
When it appeared that Chinese likiR
revenues were to be hypothecated to
foreign bankers in connection with a
great railway project 1t was obvious
that the governments whose nationals
direct interest in the question of the
carrying out by China of the reforms
In question. The administration deem
ed American participation to be Of
great national interest. Happily. when
It was as a matter of broad policy ur-
gent that this opportunity should not
be lost. the Indispensable instrumental
ity presented itself when q group Of
American bankers Of international
reputation and great resources agreed
at once to share in the loan upon pre-
cisely such terms as this government
should approve. The chief of those
terms was that American railway ma
terial should be upon an exact equality
with that of the other nationals join
ing in the loan in the placing of or
ders for this whole railroad system.
After months of negotiation the equal
of Americans seems at
last assured.
In one Of the Chinese-Japanese con-
ventions of Sept. l of this year there
was a provision which caused consid-
cradle public apprehension in that
upon its face it was believed in some
quarters to seek to establish a monop-
oily of mining privileges along the
South Manchurian and Antung-Muk-
den railroads and thus to exclude
Americans from a wide field of enter
prise, to take part in which they were
by treaty with China entitled. After
a thorough examination of the conven-
tons and of the several contextuat
documents the secretary Of state reach
ed the conclusion that no such monop-
oily was intended or accomplished.
This government made inquiry of the
imperial Chinese and Japanese gov
ernments and received from each OFF,
cial assurance that the provision had
no purpose inconsistent with the poll
cy Of equality of opportunity to which
the signatories, in common with the
United States. are pledged.
Our traditional relations with the
Japanese empire continue cordial, as
usual. The arrangement of 1908 for
a cooperative control of the coming
Of laborers to the United States has
proved to work satisfactorily. The
matter Of a revision of the existing
treaty between the United States and
Japan which is terminable in 1912 is
already receiving the study of both
/ earnestly recommend to the favor
able action of the congress the esti-
mates submitted by the department OF
state and most especially the legisla-
ton suggested in the secretary or
states letter of this date whereby 1t
will be possible to develop and make
the reorganization of the
department. upon modern lines in a
manner to make it a thoroughly eff
ficient instrument in the furtherance
Of our foreign trade and of American
interests abroad.
Under a provision of the act Of Aug.
), 1909. l have appointed three officials
TO assist the officers of the government
n collecting information necessary to
4 wise administration Of the tariff act
Of Aug. 5. 1909. AS to questions OK
customs administration they are CO.
operating with the officials of the
treasury department and as to matters
If the needs and the exigencies of our
and exporters with the
of commerce and labor in
It's relation TO the domestic aspect of
he subject of foreign commerce.
AS q consequence of section 2 of the
ariif act of Aug. 3, 1909. it becomes the
luty of the secretary of state to con-
luct as diplomatic business all the
necessary to place him in
| position to advise me as to whether
,r not particular country unduly dis
eliminates against the United States
n the sense of the statute referred TO.
Government Expenditures and Rev
enues.
Perhaps the most important ques-
ion presented to this administration
S that of economy in expenditures and
efficiency of revenue.
The report of the secretary shows
hat the ordinary expenditures for the
fiscal year ending June 30.
$40, will exceed the estimated re-
,eipts by $34.015.G20. If to this deficit
ire added the sum to be disbursed for
he Panama canal, amounting to $3S,-
100000, and $l,0O0,O00 to be paid ON
he public debt, the deficit Of ordinary
receipts and expenditures will be in
'reased to total deficit of ST3,0T5,G20.
This deficit the secretary proposes to
meet by the proceeds of bonds issued
o pay the cost of constructing the
Panama canal ! approve this pro-