Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-12-06
.TAFT'S MESSAGE TO
62ND CONGRESS.

02ND UUNUhE01
Continued from page onc.)
ton of the larger plan which prevent
ed their ready adherence. The matter
of the construction of tho Chino
Ausunn railroad by means Of an In
ternational loan to China. liz. however,
still the subject Enf friendly discus
sion by the interested parties.
Tho poicySof this government In tlik'
matter has been directed by a desire
TO make use OF American capital In
the development OF All instrument in
tho promotion of China's welfare and
material prosperity without prejudice
in her legitimate rights as an indie
pendent political power
REFORM or MONEY.
This policy has recently found fur
thcr cxcmpliication in the assistance
given by this government to the
negotiations between China aud a
group OF American bankers for Il loan
Of s5o,QoO,OOO. to be employed chiefly
in reform. The confusion which has
from ancient times existed in the
monetary usagcs OF the Chinese has
been one of the principal Obstacles to
commercial intercourse with that pco-
pie. *rhe United States II, its agree
mcnt or 1905 secured n pledge from
the nation to perfect n national COIN
age. and at the request of China this
government sent TO Pekin member
Of tho international exchange commits
sion. to discuss with the Chinese gov
crnment tho best methods OF intro
ducing the reform. In 1908 China sent
n commissioner to the United States
to consult with American hnanclers
as to the possibility of securing n
largo loan with which to inausurate
the new currency system. but the
dowagcr 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 con-
ccrned the request. of China 70" loan
of s50,0oo.0o0 for the purpose under
review. a preliminary agreement be-
tween tho 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 CONNER
cal interests of the United States and
the civilized world ut large. 1t is real
lied that an expert will be necessary,
and this government has received as
Sul uilCeS from tAsI1l1ua t1ht suCU an al
visor who shall be an American, Will
be engaged
POLITICAL. REFORMS.
tits a matter of:intercst to Americans
70 note the success which is attending
the efforts Of China 10 establish gradu-
ally Il system Of representative govern
,nent. The provincial. assemblies were
opencd in October, 1909. and in October
lf n AZ,
the nucleus of tho future national par
lament. held It's first session at Pekin.
The year has further been marked by
two important intcrna tional agreements
relating to far eastern affairs. In the
agreement.rclatinE to
Manchuria. signed July4. 1910 this gov
crnmcnt was gratifled to note an assur-
ance Of continued peaceful conditions In
that region and the reafflrmatiOn of the
policies with respect to China to whlc,,
the. United States together with all 9TH
or Interested powers are alike solemn
" committed
ANNEXATION OF KOREA.
Tho treaty anncxing Korea to the
empire of Japan. promulgated Aug. 90.
1910. marks the final stepi In II process of
control OF the ancient, empire by her
powerful noighbor that has been In
PROGRESS for several years past In
the fact of anncxatlon,
the Japanese government gave to tho
government of the United Stntcs as
snrancc of the full protection or the
rights Of American citizens In Kor6i
under the changed conditions
Friendly visits of many distinguished
visitors from the far cast We're made
during tho year. Chief among these
were their imperial higllncsscs Princes
Tsai To and 'rsai Hsun Of China and
his imperial higlrness Hlgnshi Fusllimt
md Prince Tokugawa. president of the
house Of peers of Japan. The secrc-
tary of war has recently visited Japan
and China In connection With his tour
70 the Philippines, and q large tlelcga-
ton Of American business men are at
present travelling in China. This. ex-
al,hngc of friendly visits has had tho
happy effect of even farther strengths
cning our friendly international rela-
tons. .fg N