The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-12-07

last.
The center or interest in far eastern
affairs during the past year has been
nc IS gratifying To- note that the ne
EQUATIONS Tor loan 20 the chinese
government for the construction OF
railroad from Haukow south 70
Canton and westward through
The Vans Use valley known as
cluded hy the representative Of the
various financial groups I'm May last
and the results approved by their re-
spcctivc governments. The agreement.
already Initiated hy Chinese govern
nent How waiting formal ratifiCa-
tior The basis ~ the settlement of
ne terms of this loan was one OF cN-
oct equality between America. Great
Britain. France and Germany. with re-
spect 20 the financing or the loan. sup
plying materials FOR the proposed rail-
roads and their future branches.
The application of the principle un-
DERIVING the policy Of the United States
I'm regard 20 the Hukuang loan. viz,
that of tine international ization OF for
eign Interests iu such railways Of China
as may De financed By foreign coun-
cries. was suggested on n broader scale
/ 1y The secretary of state In a proposal
naturalization or Ell the railways Of
Manchuria. While the principle which
Ted 90 the proposal Of this govern
mont was generally admitted by the
powers To- whom DO was addressed. the
governments Of Russia and France were
apparently engaged tn the execution OF
D the larger plan which prevented their
I ready adherence. The matter OF the
cons tructious OF the Chino-Aguau rail-
] road hy means Of an international loan
I to China. is. however. still the subject
/ of friendly discussion by the Interested
D parties.
The policy of this government in this
matter has been directed by "a desire TO
make use of American Cupital On the de-
Vcloumcnt of an instrument I'm the pro-
MOTION or thtnas welfare and material
HHHI 81 g
Ettimctc rights as an INDEPENDENT po-
This policy has recently found FUR
lntf eNemuliiicattou I'm the assistance
given hv this government TO the nego-
tiatious between China and "a group 81
] American bankers Tor u loan Of $4,000
The con fusion which has from ancient
times existed I'm the monetary usaEes OF
the chinese has been one or the princi-
pal obstacles 90 CONNIE rciai intercourse
with that people. The United States
20 its agreement or 1903 secured q
pledge 20 perfect n national coinage
eminent sent 90 Picking member of
the international exchange commits
sion. to discuss with the Chinese gov
eminent the best methods or introduc-
inE the reform. Ia 1905 China sent
a commissioner to the United States to
consult with American finaucicrs as 90
tnc possibility of securing a large loan
with which 90 iuaugurate the new cur
renCy system. but The death or fheif
maiesties. the empress dowagcr and the
emperor on China. Interrupted the me-
rotiations. which were not resumed un-
go n Few months ago. when this gov
eminent was askc Co. communicate 70
China for n loan OF s50.000.OOO Tor the
purpose under review. a preliminary
agreement between the American grouT
end China has been made covering the
For the success OF this loan and tn,
contemplated reforms which are Of The
interests of the United states and tnf
civilized world az large. it is realized
that an expert viii De necessary. and
this government has received assur-
who shah De an American. viii De en-
gagged.
cans TO note the success which IS AZ
tending Tho efforts 81 China to estab
Illsn gradually "a system OF rcprescn
aembficr were opened IN October. 1909
and iu October Ot the present year
I consultative body. the nucleus Of th'
future national parliament, held iu
first session az Picking.
The year has further been marSe'
/ by two important intcrnationa agree
mcuts relating 90 Ear eastern affair
Nm the russo-Jaranese agreement re-
IintiuE TO Mauchurin. signed July
1919. this government was gratified q
note an assurance Of continued peace
ful conditions IN that region and th
! rcaffirmatlon Of the policies with re-
aspect TO China 10 which the rnite'
States. together with all other inter
cstcd powers. are alike solcmnly com
mittcd
The treaty auncNirU Korea 90 tn
empire Of Japan. prom ulgated Angus
%. 1910. marks the final step In a pro
cess of control Of the ancient emuir
fhv her powerful ncighbor that ha
been I'm progress for several years pssl
In communicating the fact q
annexation. she japanese govern
mouf gave to the g0vernncn
gf the United states assurance or ID
FUN protection 81 the rights % Amer
lean citizens I'm Korea under tn
changed conditions.
Friendly visits OF many diStin0uishe
visitors from the FAR east were mad
during the year Chief among thes
were their imperial hi1hncss Prince
- - I'll IL..... CHM u.