The Oskaloosa herald. (Oskaloosa, Mahaska County, Iowa) 1885-1919, 1913-03-20
CHINESE REPUBLIC
! IS RECOGNIZED
WILSON ISSUES IMPORTANT Po.
LlTicAL STATEMENT.
REFUSES TO ENDORSE LOAN
Document Makes II Clear That Ad-
mirsstration Will Look With Dis.
favor On All EntangIins
Financial Alliances.

| washington, March 1S.-Pfeeldent
Wilson has refused to indorse the plan
OF American finsnciers to participate
In the Chinese loan of approximately
$126. 100000.
A statement issued at the White
House makes it clear that the Demo
cratic administration will look with
disfayor on all entangling financial al
lfances. 1t Is tntimated that congress
Will be asked to evolve a way to pro-
tect foreign investments without run.
ming the risk of having to use battle
ships as collecting agents.
The statement Is as follows:
We are informed that, at the re-
quest 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 TAP
proximately 1925. 100000. Our gov.
eminent wished American bankers to
participate along with the bankers Of
other nations, because it desired that
the good will of the United States to-
wards China would be exhibited in
this practical way, that American cap
ital 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-
sponsibilities that might be associated
with the development of the foreign
relations OF China in connection with
her Industrial and commercial enter.
prises. The present administration
has been asked by this group OF bank
ers whether 1t would also request
them to participate in the loan. The
representative OF the bankers, through
whom the administration was ap-
preached, declared that they would
continue to seek their share of the
loan Under the proposed agreements
only II expressly requested to do 30
by the government. The administra-
ton has declined TO make such re-,
| quest, because 1t did not approve the
conditions OF the loan or the implica-
tons OF responsibility on its own
part which 1t was plainly told would
be involved in the request.
Against Foreibie Interference. :.
The conditions OF the loan seem to
US to touch very nearly the admins
tratiye independence of China itself;
and this administration does not feel
that 1t ought. even by implication. to
be party to these conditions. The
responsibility on it's part which would
be implied In requesting the bankers
to undertake the loan might conceiy-
ably go the length in some unhappy
contingency Of forcible Interference in
the financial and even the political az
fairs of that great Oriental state, just
now awakening to a consciousness of
Its power and of its obligations to Its
people. The conditions include not
only the piedging OF particular taxes.
some Of them antiquated and burden
some. to secure the loan, but also the
administration of these taxes by for
eign agents. The responsibility on
the part Of our government implied
In the encouragement of a loan thus
secured and administered is plain
enough, and is obnoxious to the prin-
eiples upon which the government of
our people rests.
The government OF the United
States is not only willing, but earnest.
ly DESTROYS, of aiding the great Chi
nese people in every way that is con-
sistent with their untrammeled devel-
opment and its own immemorial prin-
ciples. The awakening of the people
OF China to consciousness OF their
possibilities under free government is
the most significant, II not the most
momentous, event OF our generation.
With this movement and aspiration,
the American people are In profound
sympathy. They certainly wish to
participate. and participate very gen.
erously, in opening to the Chinese and
to the use OF the world the almost un-
touched and perhaps unriyaled re-
sources OF China. ...
Republic Is Recognized.
.'The government of the United
States Is DESTROYS of promoting the
most extended and intimate trade re-
latioRships between this country and
the Chinese republic. The present ad-
ministration will urge and support the
legislative measures necessary to give
American merchants, manufacturers,
contractors and engineers the bank
ing and other financial facilities which
they now lack and without which they
are al a serious disadvantage, com.
pared with their Industrial and COM
mercial rivals. This is its duty. This
is the main material interest of its
citizens IN the development OF China.
/, Our interests are those Of the open
door--a door OF friendship and mutual
advantage. This Is the only door we
cane 10 tar"