Perth Amboy evening news., 1911-12-07

our relations with China by he cor
clusion OF two important lnternations
loans. n for the construction Of th
Bukuang railways. the ether for th
carrying out of the currency reform {
which China was pledged by treatie
with the United States. Great Britai
and Japan. of which mention wa
made In my last annual message.
II viii be remembered that early q
1909 az agreement was consummate,
among British. French and Germal
financial groups whereby they pro
posed to lend the Chinese government
funds for the construction Of railway
In the provinces of Human and Hupeh
reserying for their nationals the priv
iege of engineering the construction o
the lines and of furnishing the mate
rails required for the work. After ne
gotiations with the governments ant
groups concerned an agreement wa,
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 a loan
to China of S3O.O00.0 00. 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-
full of the empire. On the
other hand. a 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 considerab BILE 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 Manehuria. the
loans aggregating the sum OF $780,
000.0o0. while this was originally to
Az paIatu ~ r,-~Ia.- ax~forn~g1a 4ho
American government. consistently
its desire to secure a sympathetic
and practical cooperation of the great
toward maintaining the prin-
ciple Of equality of opportunity and
the administrative integrity of China.
urged the Chinese government TO adj
NIT TO participation In the currency
loan the associates of the American
group In the Hukuang loan-
Neutral Financial Adviser
When these negotiations were begun
II was understood that a financial adj
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 ienalng nations
might be scrupuleusIy observed the
American government proposed the
nomination OF a neutral adviser. which
was agreed to By China and the other
governments concerned. On Sept. IS.
1911. DR.. yissering, president OF the
Dutch Java bank and a 1nancier 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 La
shaken by civil war incidental TO it's
awakening to the many Influences and
activities of modernization. are the CO.
operative policy of good understanding
which has been fostsred 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 our nationals, this govern
ment Is using Its best efforts 10 con-
tinuance of its traditional policy of
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 ar 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 were
given a cordial welcome.
New Japanese Treaty.
The treaty OF m and naviga.
tion between the United States and
Japan. signed In 1894. would. by q
strict Interpretation of its provisions
have terminated on July IT. 1912
Japan's general treaties with the Other
powers. however. terminated In 1911
and the Japanese government express
ed an earnest desire to conduct the
negotiations for a new treaty with the
United States simultaneously with its
negotiations with the other powers
There were a number of important
questions involved in the treaty, In
Guiding the immigration of laborers
revision of the customs tariff and thu
right of Americans TO hold real estate
In Japan. The United States consent
ed to waive all technicaiities and tx
enter at once upon negotiations for
new treaty on the understanding tina