The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1911-12-07

. - II -. = IL
TslIiId
fu. ID e. - nc RI 81 ri
IA 81 jlc nee OF Human ana u IIIlelll
.ida k6e the ~ lieIiflS tie ~
i6se 3 a ne iie constr nett on %
the IfleS and OF furnisninS ne mate
rials Fequifed for the work. tee ne
foti4 ions gtta the goyeFlE ents and
gt6iIIiG eoncelned an agreement vas
re lCsLled .Vneteby Ameficau. BRITISH,
IRE leIi ana rGefn1dn nationais shonld
oar elel1a dp6l tiulsl terms fl this
Imb6rfhiiE ana useful qnde King.
mi li IlJn. the GnanctaI agrOufssS sup
ported 81 tEelr resi- governments,
b1eaiS 1iegotihtioas With tie Chinese
govern Iile1f which terminated in q loan
- ma OF $40 b. With the Erfyi-
lege OF increaEf1g the nnlQunt 20 500
600 GOO The sc6lDt cfh tfvR construction
OF these trunk lines sbould be OF I'M
ln6nse n IEantaee. material y and othet-
lIgise. 20 China pud should greatly In
cilItate the deYelopmept Of the Ibounti-
ful resources OF the empire On the
other hand, large portion, OF these
funds - TO be expended for materials.
American products aving equal pref
erence with those OF the other three
lending nations, and as the. contract
provfdes Tor branches and extensions
subsequently to be built on the same
terms the opportunities for American
materials VIII reach considerable pro
portions.
knowing the interest Of the United
States in the reform Of Chinese cur
rehcy. 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 Manchurfa. the
two loans aggregatiDg the sum OF SOO'-
10000 While this tshs originally to
Be solely anfAmericau enterprise. the,
American government, consistently
with its desireto secure SYMPATHETIC
and practical co-opcra tion Of the great
mowers toward maintaining the prin-
ciple OF equality OF opportunity and
the administrative Integrity Of China,
urged the Chinese government to nd
init to participation in the currency
loan the associates OF the American
group in the HnkuanS loan.
Neutral financial Adviser.
When these negotiations were begun
Il was understood that n 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 neutral adviser which
was agreed to by China and the other
governments concerned. On Sept p.
1911, DR.. Vfssering, president or the
Dutch Java bank and tinancder OF
wide experience In the orient, was rec
ommended to the Chinese government
for the post of monetary 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
activities OF modernizItion. aIe 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 nil the powers interested In the
| far east. While safeguarding the in
terests OF our nationals. this govern
ment IS using its best efforts IN con.
| tinuance OF It's traditional policy OF
sympathy and friendship toward the
Chinese empire and its people. win
the confident hope for their economic
and administrative development ana
with the constant disposition to con-
tribute TO their welfare in all proper
ways consistent with. an attitude OF
strict impartinlity 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 We're
given u cordinl welcome.
New japanese Treaty
The treaty of commerce. and. naviga-
ton between the United States and
| japan, signed In 1901. would. by a
strict Interpretation OF its provisions,
have terminated on July II. 1912
Japan's general treaties with the other
powers. however. terminated In 1911
and the Japanese eovernment express
| cd an earnest desire to conduct the
negotiations for new treaty with the
United states simultaneously with It's
negotiations with the other powers
There were number OF important
questions involved In tho treaty, in
Guiding the immlgra tion OF laborers'
revision of the customs tariff and the
| right Of Americans to hold real estate
In Japan: The United States consent
ed to waive all technicaides and 20