Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1909-08-25
|SHARE OF CHINESE
! LOAN FOR AMERICA
{
GOTHAM BANKERS WIN FIGHT
FOR PARTICIPATION IN
ORIENTAL AFFAIRS.
DEAL CLOSED, ALL BUT DETAILS
EUROPEAN BANKERS ALSO
GET PART.

Pekin, Aug 18.-American partlcl-
patton in the Hankow-Sze-Chue rail-
road loan was definitely settled at the
offices of the foreign board yesterday
by Henry P. Fletcher, the American
charge d'affaires, and Liam Tun-Yen.
president of the board. The loan is to
be increased from $27,500,000 to $780,
900, 900, and of this latter amount
American bankers are to get one-Quar-
ter, the other three-quarters going toe,
British, French and German interests.
Americans are to have equal oppor-
tunity to supply material for both the
Sze-Chuen and the Canton lines and
their branches; they will appoint sub
ordinate engineers and they will have
one-half of all future loans of the See
Chuen railroad and its branches, with
the corresponding advantages.
Details Arranged Later.
The details of this settlement will
NC oil duSCu dltOl LuC Oh AAN0A ASA ~ ~
the end of this week of Willard D.
Straight, the representative of the
American financiers interested, where
upon the protest lodged by Mr.. Fetch
er against the completion of the loan
with British, French and German in
terests alone will be withdrawn and
an edict issued authorizing the sigma
+,,ro of fob Tho nnfi
question will then be conclusively set
tied.
The settlement reached prevents ac-
tual American investment in the aban-
doned Nankow-Canton line, but never
theless, it is the opinion here that
American capital has been placed on
an equality with other capital in
China.
Washington Is Happy.
Washington, D. c., Aug. 18.-The
news from Pekin that America would
participate in the Hankow railway
loan, was received here with intense
satisfaction.
The final settlement of the issue,
pending so long, is victory for the
state department, which all along has
declared it to be an undeniable right
that American capital should share in
the financing of the Sze-Chuen and
other railroads as a promise to that
effect was made to Minister Conger
back in 1904 The government has
been simply standing up for its rights
and the results of its protest against
being excluded from the original ar
rangement show that the Chinese gov
eminent realizes that this right should
be upheld.
The state department has fought
successfully the alignment of the
European group which sought to ex-
clude it from American participation
It's victory, the state department Of
ficials say, augurs wen for the future,
as the dispatches from Pekin indicate
that American capital will be placed
on an equality with foreign money IN
the great Chinese empire.
Is Matter of Principle.
State department off1cia1s declare it
was not the mere amount OF money in
volved in the proposed loan that was
at stake. 1t was a matter of princi-
pie. The question is a broad one and
the settlement arrived at in Pekin
indicates that the products of Amer
lean industries will be used in the con-
struction of the road, and American
engineers will assist in its supervision.
The result is but another step in the
contamination of the policy of the
open door" in China so heartily in
sisted on by the American state de-
partment