The Bridgeport evening farmer., 1909-07-21
CHINESE LOAN
 PLEASES CRANE
United States Now Has Interest in Han
 kOw Railroad Project.
ONE.FOURTH COMING HERE

| New York. July N.-Information | from Picking promising a settlement of | the Hankow railroad loan question fla
 vorable to the United States was re- ceived with qualification by Charles R. Crane of Chicago, recently appointed Minister to China, who is now in New York MT. Crane said that this co1In-
 try was particularly anxious to have equal participation in the loan, because | it represented the first great public work under the new policy of the | Chinese government favorable to for | eign enterprises and under the policy | of the United States toward the east ern situation laid down by PreSi- dent Taft.
 ''The precedent is what we want to establish he said. ''after that the task of this government to maintain it's po- sition with the European powers in the
 East will be less difficult
 The news from Pelzing came while
 MT. Crane was discussing this topic, | among others, with representatives of J. P. Morgan 6 Company and Kuhn, Loeb & Company. As conveyed in the dispatch, representatives of Eu- ropean bankers in Picking have recom- settlement asked by the representa- tives of this country be accepted. At the same time the State Department
 at Washington was officially informed that details of the loan would be sat isfactorily arranged. The proposal un- der consideration is to increase the
 original 27,500, 900 required for the loan by one-third. allowing the United
 States to share equally with England, Germany and France. without cutting down. the portions originally allotted
 to those countries.
 In discussing the matter MT. Crane took pains to make it plain that the desire of the United States to partici- pate in the loan was not due to hope of financial gain.
 Our bankers" he said, "are patri- Otles the matter. They have pectation of an unusual profit, beyond possible per cent. But they real ize what this matter means to our prestige in the East, and to our future commercial opportunities. While no such consideration will be mentioned in distributing the loan, the allotment we desire would increase the oppor- tunities of American manufacturers to share in the contracts for building and equipping the new railroad and aid the merchants of this country in their com petition for Chinese trade.
 "The proposed railroad is a great enterprise. Its length. I think, will be 1000 miles, and it will tap one of the richest parts of the empire Plans are on foot for the construction Of another road of equal extent and inn
 pOrtance''
 MT. Crane said he understood Rus sian bankers had asked for a portion of the Hankow loan; but he believed that the Russo-Japanese war had left neither of these countries in a condi- ton to share financially in Chinese en- terpriseS at present.
 MT. Crane expects to leave for his new post about the first of October. He said that he would probably be in New York at least once a. week be- tween now and then Before his de parture he will see w. w. Rockhill, whom he succeeds at Picking. who is now in this country on short leave before assuming his new duties as aIn- bassador at St Petersburg.