Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1913-03-26
|R|NESE REPUBLIC
IS RECOGNIZED
u7,oo Issues important Politi-
cal Statement.
,EFusES TO INDoRSE LOAN
,..ao,.rt Makes It Clear That AID.
.i,I.trstlon viii Look With Dis
,,vor on All EntangIina Finan-
eial Alliances.

Washington, March 20.-Recognizing
3. rapublic of China, and pledging
Al. government against ''forcible in
..,,arsnce" in its financial or political
,s.irs President Wilson on Tuesday
,,vs ont the most important political
i,,Bment of his new administration,
,sversing the policy of President Taft
/, regard to American participation
the proposed $125, 100000 Chinese
loan
A statement issued at the White
Eousa makes it clear that the Demo
rstic administration will look with
asfayor on all entangling financial al
gaDces. It is intimated that congress
viii be asked to evolve a way to pro-
tsd foreign investments without run
ming the risk of having 10 use battle
ships as collecting agents.
The statement is as follows:
We are informed that. at the re-
guest Of the last administration, a GER
tain group of American bankers under
took to participate in the loan now de-
sired by the government of China zap
fortunately s125,OOO,OOO). Our gov
eminent wished American bankers to
participate along with the bankers Of
ether nations, because 1t desired that
tie good will of the United States to-
yards China would be exhibited in
IBIS practical way, that American cap
tal should have access to that great
country. and that the United States
should be in a position to share with
The other powers any political re-
pOnsibilities that might be associated
With the development of the foreign
relations of China in connection with
Der Industrial and commercial enter
Pises The present administration
has been asked by this group of bank
eE whether it would also request
iAem to participate in the loan. The
representative of the bankers, through
whom the administration was APP
Preached declared that they would
continue to seek their share of the
oan under the proposed agreements
only if expressly requested TO do so
N The government. The administra-
aon has declined to make such re-
ilest, because 1t did not approve the
@aditions Of the loan or the implica-
IONS OF responsibility on it's own
part which it was plainly told would
% mVolyed in the request.
The conditions of the loan seem to
Us to touch very nearly the admins
aatye independence of China itself;
ana this administration does not feel
laI 1t ought, even by implication. to
" De a party to these conditions. The
'Sponsibility on the part of our gov
alment Implied in the encouragement
VI a loan thus secured and admins
~'ed is plain enough, and is obnox-
nus 70 the principles upon which
ue government of our people rests.
Inc government of the United
Salea is not only willing, but earnest
ussirous, Of aiding the great Chi
usse people in every way that is con-
As'ent with their untrammeled devel-
Waent and its own immemorial prin-
cpes
The government of the United
mates is DESTROYS of promoting the
~oSt extended and intimate trade re-
!. auonships between this country and
We Chinese republic. The present ad-
: illustration will urge and support the
''s'sla'lYe measures necessary to give
@-IeIlean merchants, manufacturers.
"0uactors and engineers the bank
- ana other financial facilities which
,-s! now lack and without which they
~e d. a serious disadvantage. COM
ta'sl With their Industrial and COM
: -'.VlaI rivals. This is its duty. This
:, NE main material interest of its
~ c..'leuS IN the development of China.
a, interests are those of the open
WI, ,sOI-a door of friendship and mutual
, ..,''u'ase. This is the only door we
'afe to enter"