Daily capital journal. (Salem, Oregon) 1903-1919, 1912-12-04


toned at various Chinese ports, and
other measures were promptly taken
for the adequate protection Of Amerl'
can interests.
1t was further mutually agreed, In
the hope Of fastening an end to hos
tlities, that none Of the interested
powers would approve the making OF
loans by its nationals to either side
AS soon, however, as the united provis-
ional government Of China was as
sured, the United States Joined in
favorable consideration Of that gov
request for advances need
ed for immediate administrative ne
cessties and later for loan to effect
a permanent national reorganization
The interested government had al
ready, BY common consent, adopted, in
respect to the purposes, expenditure
and security Of any loans to China
made by their nationals, certain con-
ditions which were held to be essen
tial, not only to secure reasonable
protection for the foreign investors
but also to safeguard and strengthen
Chinas credit by disoouraging indis-
crimlnate borrowing and by insuring
the application Of the funds toward
the establishment Of the stable and
effective government necessary to
China's welfare. In June last repre-
sentative banking groups Of the Unit
ed States, France, Germany Great
Britain, Japan and Russia formulated
with the general sanction Of their re-
spective governments, the guarantees
that would be expected in relation tc
the expenditure and security Of the
large reorganization loan desired by
China, which, however, have thus fal
proved unacceptable to the provision
al government
Special Mission of Coincidence tC
Japan.
In August last accredited the sec
retary of state as special ambassador
to Japan, charged with the mission o.
bearing to the imperial family, the
government and the people of the EN-
pire the sympathetic message Of the
American commonwealth on the sac
occasion Of the death of His Majesty
the Emperor Mutsuhito whose Ions
and benevolent reign was the greater
part of Japan's modern history. Tn,
kindly reception everywhere accorded
TO Secretary Knox showed that his
mission was deeply appreciated by the
Japanese nation and emphasized
strongly the friendly relations tina
have for so many years existed be-
tween the two peoples.
South America.
Our relations with the Argentine
Republic are most friendly and cor.
dial, So also, are our relations will
Brazil, whose government has accept
ed the invitation Of the United States
to send two army officers to study a
the Coast Artillery School at For
Monroe. The long-standing AlsoI
claim, which has been the only hind.
rance to the healthy growth Of the
most friendly relations between the
United States and Chile, having beer
eliminated through the submission oi
the question to His Britannia Majesty
George V as "amiable compositeur,'
1t is cause Of much qualification tC
me that our relations with Chile are
now established upon a firm basis Of
growing friendship. The Chilean gov.
ernment has placed an officer of the
United States coast artillery in charge
of the Chilean coast artillery school
and has shown appreciation Of Ameri.
can methods by confiding to an Ameri-
can firm important work for the Chill
cant coast defenses.
Last year a revolution against the
established government of Ecuador
broke out at the principal port of that
republic. Previous to this occurrence
the chief American interest in Ecua-
dor, represented by the Guayaqul &
Quito Railway Co., incorporated in the
United States, had rendered extensive
transportation and other services on
account to the Ecuadorian govern
ment the amount of which was stead
lily increasing and which the Ecuador
ian government had made no pro-
vision to pay, thereby threatening IN
crush out the very existence of this
American enterprise. When tranouil-
W had been restored to Ecuador as q
result Of the triumphant progress OF
the government forces from Quito.
this government interposed its good
offices to thee end that the American
interest in Ecuador might be saved
from complete extinction. As a mart
OF the arrangement which was reached
between the parties, and at the re-
cues. Of the government Of Ecuador. 7
nave consented to name an arbitrator
"n'' acting under the terms of the
railroad contract with an arbitrator
named by the Ecuadorian government.
Will pass uUOn fhs clo;,,,s a..