Albuquerque morning journal., 1910-12-07

railways OF CHINA as may ne Ilndnceu
by foreign countries, was suggested on
la broader scale by the secretary OF
state In proposal for internationaliz-
|ation and commercial Eization
of all the railways OF Manrhuria.
While the principle which led to the
proposal Of this government was gem
|crally admitted IVY the powers to whom
1t was addressed. the governments OF
Russia and Japan apprehendOd prac-
teal difficulties in the execution of
the larger plan which prevented their
ready adherence. The question of con-
structing the Chinchow-Aigun rail-
way by means OF an International loan
to China is. however, still the subject
OF friendly discussion by the interested
parties.
The policy OF this government in
thest. matters has been directed by ~
desire to make the use of American
capital in the development of China
Ian instrument in the promotion OF
Chinas welfare and material prosper
ity without prejudice to her legitimate
rights as an independent political
power.
This policy has recently found
further exemplficatlon in the assist
ance given by this government to the
negotiations between China and a
group of American bankers for a loan
of $50, 900, 900 to be employed chiefly
in currency reform. The confusion
which has from ancient times existed
in the monetary usages of the Chinese
has been one of the principal OBJ
stacles 10 commercial Intercourse with
that people. The United States in its
treaty Of 1908 with China obtained a
pledge from the latter to Introduce a
uniform national coinage. and the fol-
q Ia
this government sent to Pekin a
member of the international exchange
commission. to discuss with the Chin
ESQ government the best methods of
Introducing the reform. In 1908
China sent a commissioner to the
United States to consult with Ameri-
can financiers as to the possibility OF
securing large loan with which to
inaugurate tho new currency system,
but the death Of their majesties, the
Empress powaser and the Emperor Of
China. interrupted the negotiations.
which were not resumed until a few
months ago, when this government
was asked to communicate to the
bankers concerned the request OF
China for a loan of 100000, 900 for
the purpose under review. y prelim-
mary agreement between the Ameri-
can 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
ana the civilized world at large. it is
realized that an expert viii be neces-
sary, and this government has received
assurances from China that such an
adviser. who shall be an American,
win he engaged.
1t is q matter Of interest to Ameri-
cans TO note the success which is Mt
tending the efforts Of China to estah-
lish gradually a system of representa-
tive government. The provincial as
semblies were opened in October, 1908,
and In October of the present year q
consultative body the nucleus of the
future national parliament, held its
first session at Pekin
The year has further been marked
by two important interna tionai agree
nents relating to far eastern affairs.
In the Russo Japanese agreement re-
lating to Manchuria, signed July 4.
1910, this government was gratified to
note an assurance Of continued peace
full conditions in that region and the
reafflrmation of the policies with re-
spcct to China to which the United
States together with all other inter-
mitted.
The treaty annexlng Korea TO the
empire of Japan, promulgated August
20 1910, marks the final step in a
process of control of the ancient en-
pirc BY her powerful neighbor that
has been in progress for several years
past. In communicating the fact of
the Japanese government
gave to the government of the United
Nf..t. 4.
ton Of the rights OF American citizens
in Korea under the changed condi-
tions.
Friendly visits Of many distin-
guished persons from the far east
have been made during the year. Chief
among these We're their Imperial
Princes Tsai-taO and Tsai-
Hsun of China; and his imperial high
ness, Prince Higashi Fushimi, and
Prince Tokugawa, president of the
house of peers of Japan The sec
Japan and China in connection with
his tour to the Philippines, and a
large delegation OF American bust
ness men are at present travelling ia
China This exchange of friendly
visits has had the happy effect of even
further STRENGTHENING our friendly
relations.
Latin America.
During the past year several OF
our southern sister republics ceie-
bratcd the one hundredth anniversary
of their independence. In honor OF
these events, special embassies were
sent from this country to Argentina !
Chile and Mexico. where the gracious !
reception and splendid hospitality |
extended them manifested the cor |
dial relations and friendship existing |
between those countries and the |
United States. relations which I am |
happy TO believe has never before been |
upon SO high a plane and so solid a |
basis as at present
The congressional commission APP |
pointed under concurrent resolution /
10 attend the festivities celebrating
the centennial anniversary Of Mex
ican independence. together with a
special ambassador were received 1
with the highest honors and with
the greatest cordiality. and returned
with the report OF the bounteous hos
pitality and warm reception Of Presi
dent Diaz and the Mexican people.
which left no doubt Of the desire of
he Immediately neiehboring repub-
liz TO continue the mutually beneficial
n nd f,f rVh 4 -.lf