The Brunswick news., 1913-04-03
LENDING MONEY TO CHINA.

/ Faflment IN which ne was remaining
as an accommodation TO Mr. Bryan, he
was pleased 10 read President Wi.
son. with whom he was in disagree.
ment on the policy Of this country
toward the sixpower loan" to China,
a lecture on the fundamental princl
p.es Of Anerican policy in the far
East, and to predict some dire results
likely 70 come from change on the
part Of the governments attitude to-
ward chs Chinese loan scheme. @Tf1e
repated utterances Of the last admin
iatgation.g said Mr.. Wilson, must
havo made It perfectly clear that the
motive and purpose Of the policy now
abandoned were. first ard primarily
The protection OF Chiua's integrity
end soeereignity, the uplift of the
Chinese people morally, materially
eovernm ntally, the development Of
china's reaurces and the maintain
ance Of tho open door or equality Of
opportunity for American enterprise
Mr. Wilson intinated the persuasion
on his part that the course adopted
By the Wilson administration would
be the very worst thing possible for
China, and that the people OF that
county would now fall into the
hands Of ether powers and that
Americans would have no cpportunl.
ty OF financial Investment ard trade
advantage in CHINA The withdrawal
Of the goyernments interest and
backing Of the proposed plan, it WIS
represented. had made an end Of al
chance Of The Chinese getting any
American money in their business
and OF Americans getting any bust
ne7s for their money That was
about two weeks ago, and some very
dolcful things have been said by
some big business interests about the
policy Of the new administration
though the best aud somdest opinion
has been that the American bankers
and The American government were
'wcll cat CT the sixqower deal.
However, on Monday, a representa-
tive Ct large New York banking
house, called on the President to in.
form him that American bankers
were preparing to raise enough funds
fer canas immediate necessities ana
that they felt sure they coul2 secure
enough money to relieve the uDIc
ct future financial difficulties. was
said that the first advance "a ahina
would be about ten million dollars
kand later q hundred millions would
loaned Only one thing was wanted
BY the bankers from the Prsaident-
an assurance that the American gov,
ernment would not participate in any
way IN the negotiations, but would
leave the bankers to deal indepen.
IDENTIFY with China. The representa-
tive Of the bankers stated that he had
assurance that China's feeling for the
United States was such at present
that Il would rather negotiate looa
with American capital than with that
Of amy other country.
In other words. the conditions that
weeo expected by Huntington Wilsca
ana other nuguFrious dollar din,
lomats9 to work to the disadvantage
Of thd United States and the distress
OF China have had exactly the oppc.
a'te result Instead Of mere partic
patton ia an international loan u
China. aerioan bankers win prob.
ably maj the entire loan, and enjoy
all the benefits that may accrue from
it. in the extension Of opportunities s
for othef business in which they bs
interested. II is a very interestins
development and one that should call
/ fer some ingenuity OF explanation Il
the haads Of those who were 50 sure
the Wilson administration was play.
ing heb with Chinese interest and
! American business when it threa
the Knox dollar diplomacy out q
the window
- 4
STILL PUSHING TIL. TUX.