Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1911-12-19

treaties With the United St1tes. GIsd'
Britain, and Japan, of which men
ton was made ii 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 70
procure funds with which to accom-
plish that allimportant reform In
the course of the subsequent negot'a-
tons there was combined with lne
proposed currency loan one for Ger
tain industrial developments in Man
churia. the two loans aggregating the
sum of $50, 100000. 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
tegrity 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 to other and more com
prehensive fiscal reforms which viii
be OF incalculable benefit to China and
foreign interests alike, since they viii
strengthen the Chinese empire and
promote the rapid development of in
ternational trade.
When these negotiations were be-
gun, 1t was understood that a 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.
Der %, 1911. Doctor Vissering, presi-
dent of the Dutch Java bank and a
f1nancier 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 ok
pressed an earnest desire to conduct
the negotiations for new treaty with
the United States simultaneously with
its negotiations with the other pow
ers. There were a number of impor
tant questions involved in the
treaty, including the immigration Of
laborers, revision of the customs tar
if and the right of Americans to hold
tot In, he
States consented to waive all techni
calities and to enter at once upon ne
gotiations for a new treaty on the I'm
derstanding that there should be g
continuance throughout the life % 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
Element of the other questions re-
ferred to.
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 a stage at which it need nc
longer be regarded with concern. The
Ottoman empire was occupied for q
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 a 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,
eminent has no direct political inter
est, and l took occasion at the suita
Bile time to issue 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,
CARNATIONS in so far as affected by the
war.
In spite OF the attendant economic
uncertainties and detriments to com.
merce. the United States has gained
markedly in its commercial standing
with certain of the nations of the
near east. Turkey. especially, is be
ginning to come into closer relations
with the United States through the
new interest of American manufacture
ers and exporters in the possibilities
of those regions. and it is hoped that
foundations are being laid for a large
and mutually beneficial exchange OF
commodities hetwopu tho tuo ooun.