The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1911-12-08

there was combined with the proposed
currency loan one for certain indus
trial developments in Manchuria. the
two loans aggregating the sum Of $780,
100000. While this was originally to
be solely an American enterprise, the
American government, consistently
with Its desire to secure q 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 adj
init to participa ton in the currency
loan the associates Of the American
group in the Hukuang,loan.
Neutral Financial Adviser.
When these negotiations were begun
1t was understood that a financial ad-
wiser was to be employed by China In
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 a neutral adviser, which
was agreed to by China and the other
governments concerned. On Sept. %,
1911. DR.. vissering. president Of the
Dutch Java bank and a financier of
wide experience in the orient, was rec.
commended to the Chinese government
for the post Of monetary adviser.
Especially important at the present,
when the ancient Chinese empire 1,
shaken by civil war incidental to Its
awakening to the many influences and
activities Of modernizatton. are the co.
operative policy Of good understanding
which has been fostered by the inter
national projects referred to above
and the general sympathy Of view
among all the powers interested in the
far east. While safeguarding the in.
terests Of u nationals, this govern
ment Is using its best efforts in con,
tinuance of its traditional policy o,
sympathy and friendship toward the
Chinese empire and its people. with
the confident hope for their economic
and administrative development and
with the constant disposition to con
tribute to their welfare in all proper
ways consistent with an attitude Of
strict impartiality as between con
tending factions.
For the first time in the history Of
the two countries a Chinese cruiser
the Haichi, under the command Of Ad
miral Ching, recently visited New
York, where the officers and men wer,
given q cordial welcome.
New Japanese Treaty.
The treaty Of commerce and naviga
ton between the United States ant
Japan, signed in 1894. would, by /,
strict Interpretation Of its provisions
have terminated on July IL, 1912
Japan's general treaties with the othe,
powers, however. terminated in 1911
and the japanese government express
ed an earnest desire to conduct tn,
negotiations for a new treaty with tn,
United States simultaneously with 1t
negotiations with the other powers
There were a number of importan
questions involved in the treaty. in
Guiding the immigration Of laborer.
revision Of the customs tariff and til
right Of Americans to hold real estat
in Japan. The United States consent
ed to waive all t~echnicalities and t
enter at n upon negotiations for
new treaty on the understanding tina
there should be a continuance through
out the life Of the treaty Of the sam,
effective measures for the restriction
Of immigration Of laborers to Ameri
can territory. which had been in on
Grafton with entire satisfaction to bot
governments since 1908. The Japanes,
government accepted this basis Of ne
gotiation, and a new treaty was quick
~ concluded. resulting in a highl!
satisfactory settlement Of the othe
questions referred to.
A satisfactory adjustment has ais
been effected Of the questions growinI
out Of the annexation Of Korea by ia
pan.
The recent visit Of Admiral Coun
Togo to the United States az the na
TONS guest afforded a welcome oppor
tunity to demonstrate the friendly feel
ing so happily existing between tn
two countries.
There has been a change Of sover
eigns In Siam. and the American min
lister at Bangkok was accredited in
special capacity to represent the Unit
ed States at the coronation ceremony
Of the new king.
Europe and the Near East.
In Europe and the near east durin,
the past twelvemonth there has beel
at times considerable political unrest
The Moroccan question. which 70
some months was the cause Of grea
ANXIETY. happily appears to hav,
reached a stage at which 1t need n,
longer be regarded with concern. Th,
Ottoman empire was occupied for
period by strife In Albania and Is nov
at war with Italy. In Greece and tn,
Balkan countries the disquieting 10
tentialities Of this situation have beer
more or less felt. Persia has been til,
scene Of a long internal struggle. Thes,
conditions have been the cause Of un
e%asiness in European diplomacy, bu'
thus far without direct political con
Germ to the United States.
In the war which unhappily exist:
between Italy and Turkey this govern
ment has no direct political interest
and I took occasion at the suitable
| time To issue a nroclamatio Of no.,