Omaha daily bee., 1911-12-08


sanitation. and continues to prove ~
usefulness as an agency for the mutual
development OF commerce. better &C.
qualntance, and closer intercourse be.
tween the United states and her slstei
American republics
Chinese Loans.
THE past year has been marked in our
relations with, China By the conclusion
OF two important International loans,
one for the construction OF the Hukuane
railways, the other for the carrying out
Of the currency reform 10 which China
was pledged by treaties with the United
states, Great Britain and Japan, Of
which mention was made I'm my last an-
nual message
1T VIII be remembered that early in
/ 1909 an agreement was contaminated
among British. French and German
i financial groups, whereby they pro-
posed to lend the Chinese government
I funds for the construction OF railways
I in the provinces Of Human and Hupeh,
reaerving for their nations the privilege
Of engineering the construction Of the
/ lines and OF furnishing the materials re-
1 qured for the work. After negotiations
! With the governments and groups con-
cerned an agreement was reached
whereby American, British. French and
German nationals should participate
upon equal terms In this important and
useful undertaking. Thereupon the flnan-
clal groups, supported by their respective
governments, began negotiations with
the Chinese government which terminated
In loan 20 China OF $40 10000, with the
privilege OF increasing the amount 70
t5O.OO0.OOO The cooperative construction
OF these trunk lines should be Of inn
merse advantage. materially and other
wise, 20 China and should greatly facil-
itate the development OF the bountiful
resources OF the empire. on the other
hand a large portion OF these funds is to
be expended for materials American
products having equal preference 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 oppor-
tunities for American materials will
reach considerable proportions.
Knowing the interest OF the United
States IN the reform OF Chinese currency,
The Chinese government In tho autumn
American government to procure funds
with which 10 accomplish that all-im.
portant reform. In the course OF the
subsequent negotiations there was COM.
bined' with the proposed currency loan
one for certain industrial developments
In Manchuria, the two loans aggregating
the sum Of S50,0O0.0oo. While this was
originally 10 be solely an American enter
H.. A l.t
entity With it's desire 90 secure sympa-
theflc and practical cooperation Of the
great powers toward maintaining the
principle OF equality of opportunity and
the administrative integrity OF China.
urged the Chinese government 10 admit
to participation in the currency loan the
associates Of the American group In the
Huknang loan. While OF immense Inn
portance In Itself, the reform oontem-
plated IN making this loan is but pre-
iiminary 20 other and more comprehen-
slve fiscal reformE which will be of
inoalcuable benefit to China and foreign
interests alike. since they will strengthen
the Chinese empire and promote the rapid
development OF international trade.
Neutral Financial Adviser.
when these negotiations were begun
IL was understood that financial adviser
was TO be employed BY China In connec-
ton with the reform, and IN order that
absolute equality in all respects among
The leading nations might be1scrupulously
observed the American government pro-
posed the nomination OF neutral adj
wiser, which was agreed 20 by China and
the other governments concerned. on
september ., 1911, Dr. Yissering, presl-
dent Of the Dutch Java bank and
financler Of wide experience IN the orient,
WAS recommended 10 the Chinese govern
mont for the post Of monetary adviser.
Especially Important az the present,
when the ancient Chinese empire Is
shaken by civil war incidental to it's awak-
oning TO the influences and activities OF
moderization, are the cooperative policy
OF good understanding which has been
fostered by the International projects re-
ferred 10 above and the general sympa-
thy OF view among all the powers inter-
ested In the far east. While safeguarding
the interests Of our nationals this, gov
ernmcnt Is using It's best efforts III con-
tinuance OF its traditional policy OF SYM
pathy and friendship toward the Chinese
empire and its people, with the conf.
NeHt hVpe TOT kNelf SSVhoinic ana hdmlnis-
trative development, and with the con
slant disposition TO contribute 10 their
welfare in all proper ways consistent with
an attitude OF strict impartiality "a be.
tween contending factions.
For the first time In the history Of
the two counties. Chinese cruiser, the
iaichi, under the command OF Admiral
Ching recently visited New York, where
the Officers and men were given cor
dial welcome.
New Jnpanese Treaty.
THE, treaty OF commerce and navigation
between the United states and Japan,
signed In 1894, would by a strict Inter-
probation OF It's provisions nave termin-
aisd on duly Il, 1919. Jdpans general
/ treaties with the other powers. however
terminated IN 1911, and the japanese gov
eminent expressed an earnest desire TO
conduct the negotiations Tor new treaty
with the United states simultaneously
with It's negotiations with the other pow
erE. There were number of important
Questions involved In the treaty. including
the immigration OF laborers. revision OF
4 the customs tariff and the rlyht OF
Americans TO hold real estate Ia Japan.
y The United states consented 10 waive all
| techniealittes and TO enter at once upon
negotiations for a new treaty on the un-
Outstanding that there should be a con-
I a