Okolona messenger. (Okolona, Miss.) 1900-current, 1909-08-06


recently by the department Of state One is the hearty
cooperation OF Secretary Knox with the set
foot by large Enancers in this country establish Pan
American bank in New 7 ork with branches throughout
Central and South America The proposition has been
presented to the governments OF the Latin Ameri-
can countries and favorable response have been received
only from government officials but from large business
interests which offer pledges Of cooperation and practical
assistance. The proposed bank is have a capital of
$4,000 $4,000 depending upon the shares taken by
South American business interests and branches will be
established in Chile Brazil, Peru and Argentina in
charge Of Americans Agencies will be located in the
minor republics and the central institutions will be
presented in Mexico, Cuba and the Central American
countries With the aid Of such strong financial nst-
tution and especially with the opening OF the Panama
canal Secretary Knox confident that the lead which
European business interests have had these countries
can be and profitable trade relations will be
established on permanent basis with this country.
A still more important undertaking on the part of the
administration at Washington is the enforcement of the
principle of the open door in China and other parts the
Far East The deep interest OF state department in
the matter made clearly manifest in the and de.
termination which characterized the election Of new
minister to China. Months were spent in earnest search
for the right and it is confidently believed that he
found when Charles R. Crane Of Chicago was ap-
pointed As the pres reports stated the other day. Mr..
Crane is admirably indeed uniquely, qualified for the
task OF creating equal opportunities tor American trade
in the Orient A fine hngust speaking Chinese as well
Russian, globe hotter with record of seventeen
visits to Russia and the Far East Mr. Crane is said
to be as much at home in Pekin or Manchura as he is
in Chicago, his remarkably successful business
combined with keen interest IN Chinese affairs and
large acquaintance with Chinas public men, ought to
qualify him the of the hour for the advancement
of American interests in that part Of the world. The de-
termination OF the American government in the is
further evinced by its insistence for several
months past upon the right OF American 6nanccrs to an
equal share in the S25.000000, Hankow-Sze- Chuen
railway loan which is beng negotiated by group Of
Brityh. French and German bankers Notwithstanding
polite English remonsrances the American government
has stood its ground firmly basng its action on the as
surance given Minister Rockh BY the Chinese govern
1904 that if the Chinese we're unable to raise the
money themselves English and American capitalist should
have preference over other nationaties in eecng the
loan. touch Of realism savoring the big stick policy
OF his predecessor has been given American representa-
ons by President Tas recent order the Pacific feet
to sail for the Philippines Immediately after the COM
peton OF its maneuvers in home waters 1t is believed
in high official quarters that the presence OF this feet
Chinese waters will aid greatly efecsing new treaty
with Japan and will be still more useful in securing the
open door in Chinese trade as well as in curbing the
selfish policies OF the Russians and Japanese in attempt
umg to exercise exclusive control Manchuran ports
and railways Russia is openly trying to renew her old
treaty with China for the control of ManchuraR roads,
and Japan is showing its hand by keeping nearly whole
army corps in Manchura. II is the opinion OF foreign