Arizona republican., 1910-12-07
AS ID THE STATE
 OF THE NATION
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 rights as an independent political power
 This policy has recently found furth- CT eNemplilication in the assistance given by this government to the negotiations between China and a group Of American bankers fer al loan of 500 0U0. .000 To be employed chiefly m currency reform. The confusion which from ancient times existed in the monetary uSageS of the Chinese has been one of the principal obsta- clrs tu commercial intercourse with that people. The United States in it's treaty of 1908 with China obtained d pledge from tlIc latter tn introduce d uniform national coinage. and The fol- lowing year. at the request of China this government sent to Pekin a mem bcr of the international exchange com mission to discuss with the Chinese government the best methods of in troducing the reform. In 1908 China sent a commissioner to the United States to consult with American finan- cirrS as to the possibility of securing a large loan with which to inauguratc inc currency system. but the death of their majestieS. the empress -doWager and the emperor of China. interrupted the negotiations. which were not re- sumed until a few months ago. when this government was asked to com municate to the bankers concerning the request of China for loan of S50.000.000 for the purpose under re- view \ nrt.lim iD3r'N he tween the American group and China has been made covering the loan.
 For the success of this loan and the contemplated reforms. which are of the greatest importance to the com mercial interests of the United States and the civilized world at large. it is realized that an expert will be neces- sary. and this government has received assurances from China that such an advisor who shall be an American. will he engaged
 II is a matter of interest to Ameri- ', cans to note the success which is at tending the efforts of China to estab- ! fish gradually a system of representa- . tive government. The provincial as- sembiies were opened in October. 1908 : and in October of the present year
 
 future national parliament held it's first session in Pekin. [
 The year has further been marked by two important agreements relating to far eastern affairs. In the Russo Japanese agreement relating to Man churia. signed July 1. 1910. this gov ernment was gratified to note an as- surance of the continued peaceful con .a.H i'm affirmation of the policies with re- spect To China to which the United States. together with all other inter ested powers. are alike solemnly com ! mitted.
 The treaty anneXing Korea to the empire of Japan. promulgated August 29. 1910. marks the final step in the process of control of the ancient em- pirc by her powerful neighbor that has been in progress for several years past. In communicating the fact of annexation the Japanese government gave to the government of the United States assurances in the full protec- ton of the rights of American citizens in Korea under the changed condi- tions. |
 Friendly visits of many distinguished persons of the Tar east nave been made during the year. Chief among these were their imperial highnesses. Princes Tsai-Tao and Tsai- Hsun of China: and his imperial highnesses, Prince Higashi and Prince Tokugawa. president of the house of peers of Japan. The secretary of war has re- gently visited Japan and China in con nection with his tour to the Philip pines and large delegation of Ameri- q can business men are at present trav cling in China. This exchange of friendly visits has had the happy ef- feet of even further strengthening our friendly international relations.
 LATIN AMERICA.
 During the past year several Of our