The Detroit times., 1909-06-02
LII RAISE BIG
'L0lE FOR CHINA.
= Morgan Heads Group of
Inaneisrs Who Will Advance
100, 000, 900 for Great Railroad.

NEW YORK. June 2.--It was learn
i n Wall-st. today that the real mis-
"a OF the Chinese special envoy.
og Shao Ii and his party. who spent
rveral weeks In Washington last Feb
nary was to borrow a hundred mil
.IDo dollars for the Great Szeuchuan
abroad. and II IL stated on the same
I0eh0rity that negotiations are In pro-
<ooo between group of New York
1onciers headed by J. p. Morgan and
10 Chinese for the conclusion of this
I'M as soon as the Chinese govern
11ont gives authority for final negotia-
110ns.
The Chinese ENJOYS gave 1t out that
hey were coming to America to thank
BoGident Roosevelt for renting the
Xoxor indemnity. Rumors of a pro-
oocd Chino-American alliance were
0onied, but IL Is known that Japan
Iopt q close watch on the visitors
While they were In this country as II
no feared some understanding be-
1oen this country and China as TO
- control of Manchuria was the OBJ
1ct Of the VISIT.
AMER the public ceremony of thank
- President Roosevelt had been
~ through with. the Chinese ENJOYS
0biished themselves in an elabor-
mansion In washington as though
~ intended TO stay a while. Then,
denly they announced their mis-
n was at an end and that they were
ing to return to China via Europe
the purpose of studying education
methods.
a Now comes the information that
oan Shi-kai, who was grand council
~ Of China under the dowager en-
teos, has sent Tang Shao-Li to the
United States to negotiate the loan.
While Tang and his party were on the
Rocfflc ocean, both the emperor and
IMPRESS died, and Yuan Shi-Kai was
Thrown out of power Tank did not
know whether he still had the power
10 negotiate the loan or not. Tang
ooked the state department to put
him In touch with the American fnan-
'cIers who could negotiate. China had
Uromised the American legation in
1901 that when Kankow-Shechuan
Hire was built. America would have
the first opportunity to loan the
money.
Elihu Root, then secretary OF state,
called on J. p. Morgan and financial
sides and several conferences were
held at Washington. When the terms
we're practically arranged the Ameri-
can financier asked whether Tang had
the power to sign papers and he re-
D1ied that the change OF government
n China made Ii impossible for him
70 answer. He said that Yuan Khan
Dhi. had told him to look into the mat
- ~
hut that he could not sign any pa
Ders.
In order not to let the world know
that whatever mission he had on hand
had failed. Tang and his party went to
Europe. But 1t was generally known
and declared that THE Chinese mis- /
zion TO the United States had failed"
and the matter was discussed in the
Japanese parliament.
Tang went to Belgium where he In
ferestcd f1nanciers in his plan and was
also consulted by German financiers.
The news from Pekin that the Am
Drfcan department of state had remind
"a China again Of her promise in 1904.
y thought here to have resulted from
he knowledge that Tang had opened
for the money In Eu-
rope.
n Root told Tang that America did
not loan money to foreign governments
GDr political purposes. but that IL
roper assurances could be presented
IS the state department that the loan
rs safe one. the state department
IDuld assure any American financiers
Mo would be interested.
4 The prospect of large American
IAN In China in the near future has
treated a stir In Wall-st.