The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1912-09-18
/ GREAT. RAILWAY SYSTEM.
DIR. Sen PLANS A GREAT SYSTEM
OF RAILWAYS.
Proposal. IL Adopted, Probably Would
Result I'm Extension OF Privileges
Co Foreigners.

Peking, Sept. 1.-THE project for
great scheme of Chinese railways
which holds the foremost place In Dr.
Sun Yet Sens programme has COM
manded the support of the Peking
government and may involve a great
extension of privileges of foreigners
with possibilities of an immense in
crease in China's foreign trade. The
government has authorized DR.. Sen
TO establish a corporation to carry
out system of national railways
covering territory 10000 miles in ex-
tent.
Mixed Chinese and foreign COM
panies will be granted concessions
throughout China proper for periods
of about 40 years. after which time
the lines are to revert TO China.
Similar concessions are to be given
10 foreigners for intermediate dis
tricts. but the railroads in the from
tier provinces will be under exclu-
, sively Chinese control and will be
financed through foreign loans apart
from the other railways. DR.. Sun
Vat Sens proposals, which, however.
are thus far without government
sanction. include the opening Of the
whole Of China proper to foreign
residence enterprise. foreigners to be
amenable to Chinese laws, through
special courts.
French, German and American
banks will participate with Llyods
bank In the new loan to China OF
s5o.ooo.ooo. the agreement for which
recently was signed. The terms Of
this agreement include the starting of
bank having its head office In Lon
don and a subordinate board at
Peking. The bank Is to be capital
lied at sio.o00.00o half Of which will
be subscribed by Chinese.
President Yuan Shi Kai proposes
to give DIR. Sun Yat Sen 10000 taels
S2o.ooo) monthly to protect his
scheme OF railways throughout China
and the provisional assembly Is ex-
pected to agree to this. DIR. Sun pro-
poses to borrow abroad. giving the
railways as security until the profits
VIII pay the loans. whereupon the
lines will become government prop
erty.
This Is considered a clever political
move. for while many sections of the
country distrust Yuan Shi kai, rec
osni=ing only his capability. sum Tat
Sen Is a popular hero who Is most
- likely to persuade the nation to ac-
cept foreign railway loans. which
were actually the cause OF tn, late
revolution.
President Yuan has invited each
provisional governor to send three
: representatives To conference to be
held at Peking. hoping TO persuade
them of the necessity of a strorg cen
tral government. the interprovincial
ties now being Insecure. The presi-
. dents powers OF persuasion are re-
markable. Men come to Peking his
enemies and depart ioyalists.
The situation Is indicated by the
resignation o. member OF .he as
sembly who said that the reason for
his withdrawal was the the govern
inent no longer recognized the assem-
bly,. The presidential orders fire.
duently resemble the imperial edlcts
OF former days. One recently Gre
ated another Mongolian duke. Yuan's
cabinet remains obscure and import
ant affairs are conducted from the
presidents office. The acting premier
Is Chao Ping Chun. president Of the
board OF the interior an old adherent
e who emerged from retirement with
Yuan Shi Kai.
The $4,000. 600 loan which has
just been negotiated with the Llyod
bank at London Is agitating F'eking.
The representative OF the bank here
says that II Is merely a preliminary
loan and that all funds necessary for
the reorganization of China's finances
will be forthcoming. There Is much
skepticism, however. with regard to
the ultimate success OF this step. The
opinion Is expressed that II 1t Is sue
eessful the six nation group OF bank
ers will be broken up. Their coun-
teraction Is awaited with interest.