Daily capital journal. (Salem, Oregon) 1903-1919, 1909-12-07
COMMISSION FAYORS MOUNTAIN WATER


tunity and scrupulous respect tor
the integrity of the Chinese empire !
to which policy are pledged the in
terested powers of both east and
west. When it appeared that Chi
nese revenues were to be hypothe-
Gated to foreign bankers in connec-
ton with a great railway project, it
was obvious that the governments
whose nations had this loan would
have a certain object in the carry
ing loan represented a practical and
real application of the open door
policy through cooperation with re-
forms referred to above, the admin
istration deemed American partici-
patton to be of great national in
terest.
after months of negotiations the
equal participation of Americans
seems at last assured. 1t is graft
flying that Americans will thus take
their share in the extension Of these
great highways of trade and to be-
lieve that such activity will give a
real impetus to our commerce and
will prove a practical corollary to
our historic policy in the far East.
"In one of the Chinese-J Japanese
conventions of September 4 OF this
year there was a provision which
caused considerable public apprehen-
sion in that upon it's face it was
believed in some quarders to seek tu
establish a monopoly of mining priv
ileges along the south Manchurian
and AntungMukden railroads and
thus to exclude Americans from
wide field of enterprise, to take part
| in which they were by treaty with
China entitled. After a thorough
examination of the conventions and
of the several conteXtual documents,
the secretary of state reached the
conclusion that no such monopoly
was intended or accomplished. How
ever, in view of the widespread reso-
| luton of this question to- confirm the
view it had reached. the govern
ment made inquiry of the Imperial
| Chinese and Japanese governments
and received from each assurance
that the provision had no purpose
| inconsistent with the policy of
| equality of opportunity to which the
| signatories in common with the
United States are pledged.
"Our traditional relations with
the Japanese empire continue cor
dial as usual. The arrangement for
cooperative control of the immi-
grafton of laborers to the United
States has proved to work satisfac-
torily. The matter of a treaty be-
tween the United tSates and Japan
which is terminable in 1912 is al
ready being studied by both coun-
tries.
"The report OF the secretary of
the treasury shows that the ordinary
expenditures for the current year
ending June 80, 1910, will exceed
the estimated receipts by $34,075,-
$40. If to this deficit is added the
sums to be disbursed at the Panama
Canal zone, amounting to S38,000,.
900, and $1,000,000 10 be paid on
the public debt, the deficit of or
dinary receipts and expenditures will
be increased to a total deficit OF
! 3,075,620. This deficit, the sec
retary proposes to meet by the pro
ceeds of bonds issued to pay the
cost of constructing the Panama
canal. l approve this proposal,
"The actual cost to date of the
canal, which is now half done and
which will be completed January
1915, shows that the cost of engi-
neering and construction will be
$297, 100000 instead of $139,705,-
200 as originally estimated The
increase is due to a substantial en-
largement of the plan of construc-
ton by widening the canal 100 feet
in the Culebra Cut and by increas-
ing the dimensions of the locks to
|