The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1911-12-14

form 10 which China WAS pledged by
treaties with the United States, Great
Britain, and Japan, OF which men
ton was made In my last annual mes
sage.
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 10
procure funds with which to accom-
plish that all-important reform In
the course OF the subsequent negotia-
tions there was combined with the
proposed currency loan one for GER
tain industrial developments In Man
churia, the two loans aggregatlng the
sum OF $50,O00,0O0. While this was
originally to be solely an American
enterprise, the American government
consistently with its desire to secure
a sympathetic and practical co-opera
ton OF the great powers toward main
tanning the principle of equality OF
opportunity and the administrative In
tegiity Of China, urged the Chinese
government to admit to participation
in the currency loan the associates
OF the American group In the HUI
kuang loan. While of immense i'm
portance in itself. the reform con
templated in making this loan is but
preliminary 10 other and more com.
prehenslve fiscal reforms which will
be 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 be.
gun, 1t 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 he scrupulously observed. the
American government proposed the
nomination OF neutral adviser which
was agreed to by China and the other
governments concerned. On Septem.
ber 2S, 1911, Doctor Vissering, presi.
dent Of the Dutch Java bank and a
financier 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 its
awakening TO the many influences and
activity Of modernization. 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.
New Japanese Treaty.
The treaty of commerce and naviga-
ton between the United States and
Japan, signed In 1894. would by a
strict Interpretation of its 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 to conduct
the negotiations for a new treaty with
the United States simultaneously with
It's negotiations with the other pow
ers. There we're a 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'
calities and to enter at once upon ne
gotiations for a 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
a new treaty was quickly concluded
resulting In a highly satisfactory set
tlement of the other questions re
ferred to.
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 beer
at times considerable political unrest
The Moroccan question, which fo
some months was the cause OF grea
anxiety, happily appears to have
reached a stage at which 1t need M
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 th'
Balkan countries the disquieting pc
tentialities of this situation have beel
more or less felt. Persia has been tn
scene of long internal struggle
These conditions have been the caus
of uneasiness in European diplomacy
but thus far without direct politica
concern to the United States
In the war which unhappily exist
between Italy and Turkey this GOV
ernment has no direct political inter
est. and | took occasion at the suitf
BILE time to issue proclamation c
neutrality In that conflict. At tn
same time all necessary steps hav
been taken to safeguard the persona
interests of American citizens and Of
ganizations In so far as affected by tn
war.
In spite of the attendant economi