The Washington times., 1911-02-13
TIGHTENING HOLD
ON MONEY hARTS
Appointment of Shuster Said
to Be-Step Along dol
lar Diplomacy"

What means 1t that American fnancia
experts are being called to the Far Eas
and to Latin American countries to as
sist in the rehabilitation of the run
down financial systems Of these foreign
powers?
w. Morgan Shuster, of this city, has
just been appointed treasurer general OF
the Persian empire. It's a long jumr
from America to Persia, a country whose
interests have been covertly watched fol
years by England, Germany, and Rus
sia.
Coming right down to the matter OF
close analysis, although the State De.
partment is. of course, not officially con-
cerned In the appointment Of Mr.. Shus-
ter, there is a well-founded feeling that
the Shuster appointment is but another
step toward the policy of dollar diplo-
macy" which has been censured and
praised, of this Government.
II is just another instance wherein
American financial methods, and. per-
haps, American financiers, are to obtain
foothold in the marts of commerce
and finance in the countries across the
seas.
United States FORCES Ahead.
The State Department recently sug-
gested the, names of five Americans
competent to take up the task OF re-
organizing the Persian financial system,
which evidently is in a bad way and
in need of the American oxygen treat
ment Mr.. -Shuster was finally Sc
lected. Germany, England, and Rus
sia are temporarily out in the cold,
financially, although it Is a matter of
common knowledge that these powers
have been Jealous. each of the others,
so far as Persia is concerned. Persia
is sort of gateway to Idia, a Brit
ish possession, and, as such, justifies
watchful eye on the part of all inl-
terested nations.
America today is aiding. directly or
indirectly, in Strengthening out the
financial troubles of Nicaragua. This
Government, according to the View
point of the State Department, regards
the rehabilitation OF Nicaraguan
finances as extremely desirable. from a
general international standpoint.
Gives Aid to Venezuela.
This Government has not been unwill-
ing TO lend the aid Of the expert assist
aDce to struggling Venezuela. Then
there is Honduras, in whose behalf
group of American bankers recently
came forward with offers of advantage
Gus terms.
Secretary of State Knox. using Hon
duras as a concrete example in a speech
delivered on the spirit and purpose of
American diplomacy" declared
Relieving that a strong Honduras
would tend enormously toward a stable
and prosperous Central America, this
is heartily supporting the
plan for its financial rehabilitation. If
the arrangement made proves. upon
the closest scrutiny, to be just and
equitable, then this Government will be
with the consent OF the Sen
ate, IL a treaty is desirable, to give 1t
such sanction as shall afford the bank
ers legitimate security for their invest
ment by recognition of such relation as
the government of Honduras may create
between the payments due the lender
and a proper portion of the customs
revenue"
Policy As to China.
The name of American financiers has
been persistently connected with the
IS upon record as follows regarding this
promised aid to the Chinese
Empire along the line of currency re-
,orms
There are various important provis-
ons in our commercial treaty of 1903
which evidence our interest in the pro-
notion of reforms which must result in
benefit to the Chinese people. Among
heSe are the engagements entered into
,y China to establish a uniform cur
'ency, to adopt reasonable mining regu-
ations, to revise the penal code, and to !
a system of modern courts. !
rhe United States, on it's part, has !
to lend its assistance to these |
and has given assurance that |
when the courts and laws Of China war |
ant it, the United States will consent |
o the abolition of extraterritoriality. |
These provisions respecting uniform, |
currency have not vet been fulfilled, but |
after the ratification Of the |
reaty the American Government sent a |
pccial commissioner to China to give |
xpert assistance in devising a practical |
cheme for the establishment Of such a |
currency"
All of which goes to show that a food |
# American dollars will make their po-
ency felt, whenever American financial |
xperts say the word, in the far East |
md in Latin America.