The Bridgeport evening farmer., 1911-12-08

V aid of that uprising.
 The record of this government in re- spect of the reo'N~uition of constituted authority in Mexlco therefore is clear. Central America-Honduras and Nica-
 rasua Treaties Proposed.
 As to the .situatio in Central Amer lea. have taken occasion in the past to emphasize most strongly the impor- tance that should be attributed to the consummatiOn of the conventions be- tween the republics of Nicaragua and of Honduras and this country. and l again earnestly recommend that the necessary advice and consent of the senate be accorded to these treaties which will make it possible for these Central American republics to ente, upon an era of genuine economic na tional development. **
 Panama.
 Our relations with the republic ol Panama. peculiarly important. due tt mutual obligations and the vast in terests created by the canal. have con tinued in the usual friendly manner, and we have been glad to make ap- propriate expression of our attitude of sympathetic interest in the endeav- ors of our neighbor in undertaking the development e the rich resources of the country. With reference to the in- ternal political affairs of the republic our obvious concern is in the main tenance of public peace and constitu tional order and the fostering of the general interests created by the actual relations of the two countries with out the manifestation of any prefer ence for the success of either of the political parties. 2
 THE FAR EAST. X The Chinese Loans.
 The past year has been marked in our relations with China by the con. clusi0n of two important international loans, one for the construction of the Hukuang railways. the other for the carrying out of the currency reform tC which China was pledged by treaties with the United States. Great Britain and Japan. of which. mention was made in my last annual message.
 1t will be remembered that early in 1909 an agreement was consummated among British. French and German financial groups whereby they pro posed to lend the Chinese government funds for the construction of railways in the provinces of Human and Hupeh reserving for their nationals the privi lege of engineering the construction ot the lines and of furnishing the mate rials required for the work. After ne gotiations with the governments and groups concerned an agreement was reached whereby American. British French and German nationals should participate upon equal terms in this important and useful undertaking Thereupon the financial groups, sup ported by their respective governments began negotiations with the Chinese government which terminated in loan to China of $3O. 100000. with the privi lege of increasing the amount to $50 100000. The cooperative construction of these trunk lines should be of i'm mense advantage, materially and other wise, to China and should greatly ia cilitate the development of the bounti ful resources of the empire. On the other hand. large portion of these funds is to be expended for materials American products having equal pref erence with those of the other three lending nations, and as the contract provides for branches and extensions subsequently to be built on the same terms the opportunities for American materials will reach considerable pro portions.
 Knowing the interest of the United States in the reform of Chinese cur rency. the Chinese government. in the autumn of 1910. sought the assistance of the American government to pro cure funds with which to accomplish that all important reform. In the course of the subsequent negotiations there was combined with the proposed currency loan one for certain indus trial developments in Manchuria. the two loans aggregating the sum of $50. 100000. While this was originally to be solely an American enterprise. the American government. consistently with its desire to secure sympathetic and practical cooperation of the great powers toward maintaining the prin ciple of equality of opportunity and the administrative integrity of China urged the Chinese government to ad init to participation in the currency loan the associates of the American group in the Hukuang loan.
 Neutral Financial Adviser.
 When these negotiations were begun it was understood that financial ad wiser was to be employed by China if connection with the reform. and in or der that absolute equality in all re spects among the lending nations might be scrupulously observed the American government proposed the nomination of neutral adviser. which was agreed to by China and the other governmerts concerned. On Sept. 2S 1911, Dr. vissering. president of the Dutch Java bank and fnancier o1 wide experience in the orient, was rec commended to the Chinese governmen, for the post of monetary adviser.
 Especially important at the present when the ancient Chinese empire t shaken by civil war incidental to its awakening to the many influences ant activities of modernization. are the co l operative policy of good understand which has been ,fostered by the inter patiOnaI DrOjectS referred 10 above