The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-10-30
MAY Be CHINA'S SALVATION
PITNiH UEiIE SAYS SJO,OOO,-
NpO IOI\ ~ omar noon.
WIi Enable the Empire TO Improve Tier
'Urrrnc, AMI thus Remove thc Ob-
>tacle 10 treaty neN IsIOn Thr FIRST
Satisfactory sign Ia Var Fast


>tacle Co TREATY Ne, IsIon Thr first
Satisfactory sign Ia Var Fast.
Tie fact that the chinese Government
Ea, Just negotiated loan of so. on OO1
with 4 ,yudicaip 81 New iprh Tanker
wa a,sprtcd YESTERDAY 10y Putnam sal"
VINO lives IN H"kin aud who - an author
itv an matters ~ IL" far Etu. - Le 81
tar deeper import than appears GA the
surface u N"Il. laid hat the lnau
would "uaoi" CuIag - put into effect
. reforms that hu," l,.,'u lucid up for lack
II funds. china being crippled lv the
heavy Dram ulbuu it, Tc.utirc-- 20 meet
'hU Iaymrit- uf the Bower indemnity
aud might pave ~" wav 10 r-adiusf
m-u. 1T ;h' far Eastern situation.
Ia NV opinion the chief point lies in
the fact that th" grand objection mad"
~ treat kritIin IA 1879 20 "a general con-
:"r-uCr Of ~" Powers to- roy zee the treaties
will ~. removed lad Mr. Weale az the
Plaza YESTERDAY IT ~ "A fact that China
has don" nothing toward carrying ont
her agreement regarding the improves
ment ~ her currency. which she under
/ took To Il" IA the Markay treaty with Eng
land in 1917 10. United state. signed an
Identical treaty ~ Is6' following the
MRckay treaty instrument clausa by
clause. and Japan and Portugal did the
sam. Al these treaties. however. are
lnut .raiIva unit IN. identical instru-
Inent- have i-.en signed by all the treaty
/ Powers
The acquisition of ia. so 600 90.
however. Will permit China to begin az
ono. the free coinage 81 silver. as her
mInts AZ" all ready and simply require
B the necessary specie The standard will
! b.' II the sam" weight and fneneSs the
Mexican dollar. whose value - nov about
a. cents gold The main mint IN rient-
sin will b. able To supply the needs Of
nearly all China within very few months
and a. soon a. the dollar makes I's ap-
pearanc- everywhere the general fnnn-
cial position Of the central Government
Will II. much improved.
There - another point hardly lesz
important IN connection with thI- loan
and that - that China releases herself
automatically. 20 a very large extent. .
from the boudag" IA which she has bsen
held by those European bankers who ar"
charged with receiving the matriCiIlar
PAYMENTS Of the Boxer Indemnity Of 1890
The fact thai hitherto these periodic
payments hav" ab-orVed all the ready
bullion IN IN" country has mad" u con
stantly necessary for the Chinese Gov
"ign banker the money she pays quar-
terly 10 them. thus emphasizing the
condition Of financial va-Salage in which
china has been held 80 long
In the sphere ~ railway construction
tins ~ still no ler- important Hitherto
by "a sort Of conspiracy Of % limited num-
bsr of the POwer- n has been Land down
as first principle that certain railways
shall b" built only by certain persons.
thus lettering : he chinese 10 n still greater
"A al nsaH Han q Na
-o-callad ant foreign feeling
/ -PhuS IN several directions the loan
NAV ba truly clas-sd a. svsutful. u -
he first satistaCt DRY -tgn hat has ap-
? pear..d for the Far Fast IN many months
IL this policy II assisting china 30 regain
her aut hort" - perrlsied IN u may not
Ne too late to soly" the most pRrpie ing
world problem 81 today m an equitable
, manner
4 -The effect ~ This loan IN England will
+ he very far reaching Although IA" Eng
/ lish press NAV attempt TO minimize the
. ImpOrt anCe 81 this move. IN htgn places
7 u H. tIIta cor ain Ia he accept ed NJ proper
/ value 4 change has lately been seen
IN the English Persian policy. and n ~
now possible that before many more
months have passed here will he change
IN the same count ry's hln".e policy
. There - on. important factor. however
that - not 10 he lost sight 81. and that -
n. lapanes" That they Will make
some counter move very soon may I've
. fully expected II NAV not h." pre-
; -umptIou- 20 hazard the opinion that
that counter move viii come IN Manchurta
Itself and he 81 plomatlC world may here
fore now look forward q he beginning ~
"A now period 81 political ACTIVITY. The
neguiia' ION ~ IN" loan may be regarded
a. grsa' wet Try for american hnanCiers,
for all ia" great financial groups 81 the
world hav" o'rn wiling 10 lend tins money
80 hina
Nj Maale has boon Invi' ad 10 address
the nivsr~I'y 81 Pennsylvania on Thurs
dav lie viii Discuss come IT the inner
ASPECT ~ N" hIness-l q pau"Sn situation
I.a'er h" Viii -u"1h ~ hicaCp and San
francisco
A-HIN.I.N. oct . Nfi"r many
y.ar- Il diplomatic negotiation Secretary
Of Sat" kppN has siI,, e,S!"d m r"rSusding
the Ihiu" Government - begin steps
to- tho financial reform IL ihs. ON pir"
. D." - tHN 49, '"an agreement WhI"h was
,tEu"G ..N"ral daS- ago ~ f"kiu"TnneuI
re- "r.gfI'". - IN" thIn"-" t'pv Nv rcp-
and 4 the imCrIc1u banking -yndl"at"
., TO-, o." pIrtD-.. ~ enabling he "fnT ire
To- carry uUu rt".' pT0pO, sd reforms
In tr.aiIe. with ~" I uI,"d states. Great
I,rtg IN and 'Rrgu ana rr"mt-"d ."
aI',ll.r T." iitJu 90 transit taN. I"NI." the
INNING regulations and trad" mark
yat"nt and 'ppvriRht protection ard TO
p-pNIG" uniform -yrt"Tn II coinage
IIn-H tTeafl"f yer" rigU"u a'tpbl oven
y"ar- ago ard >" to- nav" rot u""l com
~lap ~ q prominent thiu".". cam" 10
hts county, IN a i "'ial mi,.ion ~ con
r"rtipu with IN" propu-"d reforms hls
mI.stpf wa- cut short 10y he sudden death
~ -" i.nTT"-S tDwngef
\l,ut q month ago Mr. knoN took tho
mPi,or ~ agPin with a." thin"." Govern
went through Milliaw Calhoun. AMER .
can Niui.u.- =, I"kiu h" thinc.e
how cd oomp'e," willingness :" ABORT
H.. pTs no s,d r''"rfTG and m" agreement
tor N" Torn wPs road ID ~ IN unusually
ahuT tIm'
! Powers regard a." prouosed reforms
A. n.s - AIRY to The revision 81 III" thlr"s"
,tIst,ns lrrin Ia IN ILLUSTRATION Of ~"
need fpI currency reform pff'"r1 oi ~"
~fH,c } "Cai;Wcnt point ont that about
uycl," dir r-"n, kinds e dollars arc Cur
r"u, ~ Chinr Nor" than 10 kinds ~
B ir"l- az" ~ circulation. In addition
S;ani-h and MrN icap coiHs -" ACC opted
In 1917 Jeremiah " l"nk-. professor
81 rolI i'ai economy ~ Cornell University
went On a II "eial mission 20 hina to max"
. TcpoTt on tho currency syst"fn. IN"
Of, Ial- who " ~ carry ont IN" r"OrganiIR-
ton ii the currency have not yet been
elected II = likely that Prot Ienk=
may - employed by ~" thlrc-c tioN
in"nt ~ sd m th" work
...a G...tl,ar, sella Al 4 e0e