East Oregonian : E.O. (Pendleton, OR) 1888-current, 1910-12-06
PRESIDENT TAFT
SENDS MESSAGE
CONTINUED from page one.)

initiated by the Chinese government,
is now awaiting formal ratification.
The basis of the settlement of the
terms of this loan was one Of exact
equality between America, Great
Britain. France and Germany in re-
spect to financing the loan and sup
plying materials for the proposed rail-
ways and their future business.
The application of the principle un-
derlying the policy of the United
States in regard to the Hukuangg, viz:
That of the internationalization of the
foreign interest in such of the rail-
ways of China as may be financed by
foreign countries, was suggested on a
broader scale by the secretary of
state in a proposal for International
izaton and commercial naturalization
OF all the railways of Manchuria.
While the principle which led to the
proposal Of this government was gen.
orally admitted by the powers, to
whom it was addressed, the govern
ments of Russia and Japan appre-
hended practical difficulties in the
execution of the larger plan which
prevented their ready adherence. The
question of constructing the Chin
Chow-Aigun railway by means of an
international loan to China, Is, how
ever, still the subject of friendly dis
cusslon by the interested parties.
The policy of this government in
these matters has been brought
about by desire to make use of Am
erican capital in the development of
China as an instrument in the pro-
motion of China's welfare and mate
rial prosperity without prejudice to
her legitimate rights as an independ-
ent political power.
This policy has recently found fur
ther exemplification in the assistance
given by this government to the ne
gotiations between China and a group
of American bankers for a loan OF
$4,000, 900 to be employed chiefly in
currency reform A preliminary agree
ment between the American group and
China has been made covering the
loan.
for the Success of this loan and the
contemplated reforms which are oil
greater importance to the commercial
interests of the United States and the
civilized world at large, 1t Is real
ized that an expert will be necessary
and this government has received as
surance from China that such an ad'
wiser who shall be an American, will
be engaged.
The year has further been marked
bv two important international agree
ments relating to far eastern affairs
In the Russo-Japanese agreement re
lating to Manchuria, signed July a
1910 this government was gratifiet
to note an assurance of continued
peaceful conditions in that region anC
the reaffirmation of the policies will
respect to China to which the UNITED
States together with all other inter
ested powers, are alike solemnly com
mitted
The treaty anneXing Korea to tn
empire of Japan, promulgated Au
gust 30. 1910, marks the final step il
a process of control of the ancien
empire by her powerful neighbo
which has been in progress for sew
eral years past. In communicable
the fact of annexation the Japanes
government gave to the government
of the United States assurances of tn
full protection of the rights of Am
erican citizens in Korea under tn
changed conditions.
Latin America.
Under this head the president re
fers to the centennial anniversary G