Willmar tribune., 1911-12-13

vT--TEs5
form Is which China was u, 81 pledged ~ ~
treaties with the United states, Great
Britain and Japan, of which men
ton was made ii my last annual mes
sage. 4.
|S Knowing the interest Of the United
States In the reform Of Chinese cur
rency, the Chinese government, in
the autumn Of 1910, sought the assist
ance Of the American government to
procure funds with which to accom-
plish that all-important reform. In
the course Of the subsequent negotia-
tlons there was combined with the
proposed currency loan one for GER
tain industrial developments In Man
churia, the two loans aggregating the
sum Of $5O.000.000. While this was
originally to be solely an American
entc rprtse, the American government,
consistently with Its desire to secure
sympathetic and practical co.opera-
tlon OF the great powers toward main
tanning the principle Of equality of
opportunity and the administrative in.
tegr1ty Of China, urged the Chinese
government to admit to participation
~ the currency loan the associates
OF the American group in the HUI
Kuang loan. While Of immense i'm
portance zee In itself, the reform con-
templated In making this loan is but
preliminary to other and more COM
prenensive fiscal reforms which will
oe OF incalculable benefit to China and
foreign interests alike. since they will
strengthen the Chinese empire and
promote the rapid development Of IN
ternational trade.
When these negotiations were he
gun, It was understood that financial
adviser was to be employed by China
IN connection with the reform, and in
order that absolute equality in all
respects 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
governments concerned. On Septem-
ger zS. 1911, Doctor Vissering, presi-
dent OF the Dutch Java bank and
nnancier Of wide experience in the
orient. was recommended to the Chi
nese government for the post of none
tary adviser.
Especially important at the present,
when the ancient Chinese empire is
shaken by civil war incidental to it's
awakening to the many influences and
activity of modernization, are the CO.
operative policy of good understanding
"nlcn mas 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.
New Japanese Treaty. ..
The treaty of commerce and naviga-
tion between the United States and
Japan, signed in 1894, would BY a
strict Interpretation OF it's provisions
have terminated on July II, 1912. Jap
ans general treaties with the other
powers. however. terminated In 1911,
and the Japanese government ex-
pressed an earnest desire 10 conduct
the negotiations for new treaty with
the United States simultaneously with
It's: negotiations with the other pow
ers. There were number of impor-
tant questions involved In the
treaty, including the immigration OF
laborers, revision of the customs tar
III and the right of Americans to hold
real estate In Japan. The United
States consented to waive all techni-
cal1ties and to enter at once upon me-
gotiations for new treaty on the un-
derstanding that there should be a
continuance throughout the life of the
treaty Of the same effective measures
for the restriction of immigration Of
laborers to American territory which
had been In operation with entire sat
isfaction to both governments since
1908. The Japanese government ac-
cepted this basis of negotiation, and
new treaty was quickly concluded.
resulting In a highly satisfactory set
tlement of the other questions re-
ferred to-.
A satisfactory adjustment has also
ben effected of the question growing
out of the annexation of Korea by
Japan.
Europe and the Near East.
In Europe and the near east during
the past twelve-month, there has been
at times considerable political unrest.
The Moroccan question, which for
some months was the cause Of great
anxiety, happily appears to have
reached stage at which It need no
longer be regarded with concern. The
Ottoman empire was occupied for
period by strife in Albania and Is now
at war with Italy, In Greece and the
Balkan countries the disquieting po-
tentialities of this situation have been
more or less felt, Persia has been the
scene Of long internal struggle.
These conditions have been the cause
Of uneasiness in European diplomacy,
but thus far without direct political
concern to the United States.
In the war which unhappily exists
between Italy and Turkey this gov
ernment has no direct political inter-
est, and I took occasion at the suita-
bic time to Issue a proclamation of
neutrality In that conflict. At the
same time all necessary steps have
been taken to safeguard the personal
interests Of American citizens and or
ganizat!ons ir SO far as affected by the
war
In spite OF the attendant economic
uncertainties and detriments to com
marco tho Tinted Statns ho, ro}nad