New-York tribune., 1909-06-17
CHINESE LOAN SECURED
AGENTS URGE THAT L. S.
RECETVE SHARE.
Mr. Taft,s Foreign Policy Defined
by Secretary Knor-Comnsercial
Interests To Be Promoted.
From The rribun. Bureau.I

From The Tribune BureauI
Washington Juna 16-An explicit definition
of the policy to be pursued by the present ad-
r1inistratfon through the State Department in
the conduct of the foreign affairs of the United
States was made by Secretary Knox to-day.
This policy is to promote the commercial and
trade interests Of this country with the foreign
nations of the world as extensively possible
Not only in conducting the routine business or
the State Department, but also in its more i'm
portant dealings with other nations the admin
istration will adopt those measures which seem
certain most effectively to promote the growth
of foreign trade and under conditions most
satisfactory TO American business interests.
AS forerunner of this policy, the Secretary
of State announced to-day that the aid Which
the department has been giving American busi-
ness interests in securing a portion of tho
Chinese loan for the Hankow & Sze-Chuen
Railway had been successful The department
has been informed that the agents of thu for
eign banking interests in China have recon-
mended to their principals that United States
bankers receive a share in the loan. and that
the Chinese government has expressed its pleas
ure at having the United States assist in capl-
talizing it's enterprises 1t is taken for granted
by Secretary Knox that the American bankers
will be asked to subscribe one-fourth OF the loan
Of S2I.JOOpD which is being noated Dy the
Chinese government and the State Department
Will assist the Americans in securing a fair
share of engineers TO work the railroad. and
will also endeavor TO effect the purchase in this
country of at least one fourth of the machinery
required
PLACE FOR AMERICAN ENGINEER.
In connection with this the department received
word to-day that an American engineer. W. r.
Stewart who is at present connected with the
engineers Office at Memphis. had been favorably
considered for position with the Hai-Ho Con
ser,ancv Board at Tien- -Tsin. which is engaged
in the gigantic work of improving the Pei-Ho-
Mr. Stewards appointment resulted from the
efforts Of the state Department and. according
To Huntington Wilson Assistant Secretary OF
State n is in line with the departments policy
Of furthering all beneficial and legitimate enter
prfses in China. II is we'll known. Mr. wilson
declares, that the appointment Of American
engineers in China is extremely important from
a commercial point Of view. particularly because
they are in a position 10 recommend the pur-
chase Of American material for construction
work The Hai-Ho board is already fsvorably
disposed toward American manufacturers ana
has frequently made OF the American Con-
sui General at Tien-Tsin TO secure catalogues
of prices and designs of American dredging and
irrigation machinery. much OF which has been
purchased.
The encoura cement OF the scheme to establish
a series of banks in South American countries
is merely another step in the campaign OF the
state Department 10 further American CONNER
cia1 interests. Secretary Knox does not consider
south America so fertile field as China and
the Orient, but he expects that this movement
viii result in an apprecable increase in Ameri-
can trade He has instructed the entire consul
lar service to increase its efforts for the benefit
Of The business Of the United States Particu-
larIy does he desire that the Far East shall not
be neglected China, he believes is the country
| N which America must look vast market
for its raw products and manufact Tres Al the
present time the people Of China are buyers OF
American products but as yet this country has
secured only negligible share OF the business
which the Chinese government Is carrying on
! for the development Of the Oriental Empire. In
most cases the purchases are made almost en-
tireIy from European countries.
NAY PURCHASE AMERICAN SUPPLIES.
The successful effort to a portion Of the
! Dending loan is not undertaken merely with the
| nurnose Of promoting the prestige of this coun-
try It Is assumed that, If the loan Is obtained.
nropor+ionate amount of the supplies for car
| rving out the project will go to American manu-
! facturers It is purposed to take advantage of
| tho onnortl1nity which Secretary Hay foresaw in
| his definition of the policy of the United States
with reference to China at the time Of the occu-
nation of the foreign armies, following the Boxer
uprisings Mr. Hay believed that the vast en-
pire was on the verge of an awakening and Sec
retary Knox believes that it has already awak-
| ened and rubbed its eyes. and is prepared 10
get out of bed He will make effort to en-
courage the Chinese government In the intro
drction of modern methods in bringing the cen
tres Of population in touch with the outside
world by the development of waterways and the
construction of railways, and will make Wig
orous effort to obtain share OF the business
+bus developed for the United States