New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-16
Quotes Letter from 0Iney to
Minister DENLY, in China.
in 1895, as His Policy
in the Orient.
GET BUSINESS IS KEYNOTE
Definite Plan Outlined to Sue
ceed Dollar Diplomacy Like
ly To Be Extended Over World
Means Active Rivalry
with Other Nations.
From The Tribune Bureau. :

" e'SiAAilt A'4l StllN '''-.AS % SH'''''
tute FOR the abandoned dollar diplo-
macy" through which Secretary Knox
and tho. Taft administration cndeav-
cred 20 extend American prestige, COM
perce and influence. the Department of
State has adopted more or less def
mite policy defining the extent IN which
lhe Wilson ADMINISTRATION VIII 60 in
aupporting Americans who aro endeaN-
Cring 90 do business in foreign coun-
! tries.
The adoption II this policy, made
necessary by repeated inquiries by
Americans abroad. particularly in
/ China. who desired to know Just where
the administration stood regarding
them and their aims expresses the de-
sire Of the administration To extend
american interests and TO reach out
after American trade. In fact. def
mite action by the administration in
the direction of trade expansion may. it
j. stated upon high authority, be ex-
! pected henceforth
This administration is no less keen
! than was the last for America to ad-
vance toward prominent position in
the worlds trade ii is asserted, and
| in Sc far as il is proper to Go SO the ad-
ministration Of President Wilson will
render every assistance to Americans
engaged in world traffic.
Americans in China Embarrassed.
With the abandonment Of dollar dip
! lomacy." upon the basis of which was
laid the foundation OF large American
activities in Latin-AmcriCa and in
! China. The administration was left
without a definite policy, with the
consequent result that those interested
IN trade abroad were in peculiar and.
| IN some instances a most embarrass-
ing position.
1t was not known what the new ad-
ministration would do; what II had 10
offer To take the place of that which the
| Taft administration had offered. 1t
was only known that. in existing cir
cumstances, the Wilson administration
! had neither sympathy nor support for
The activities OF bankers interested in
certain loans and enterprises In Cen
tral America and in the famous sex
tuple loan TO China. Persons inter-
ested have been able to ascertain only
that. as the Secretary OF State himself
expressed il in THE Commoner," dol
lar diplomacy is being eradlcated.'
This condition brought about inqui-
ries from Americans engaged in busi-
ness abroad. Many OF these questions
were presented 10 the legation Of the
United States in Pekng, and the lega-
ton in turn submitted the inquiries to
tho State Department Americans in
China have since last March, when
President Wilson refused longer TO
support American bankers interested
I'm the sextuple loan, which action COM
prised an apparently complete with
drawal from the fight for prestige in
China, where commerce follows closely
or the heels OF successful diplomacy
been at an utter loss TO know what
TO do.
They had no assurance Of the essen
t!al support Of the American legation
IN their efforts 20 engage in the world
wide fight for contracts for the con-
struction Of railways, the making Of
loans and other things. They observed
business men Of other countries OBJ
tanning valuable concessions and great
contracts Within the last six months
lthey have witnessed Belgian concern
granted :wo great railway concessions.
An English concern-Paulling & Co
obtained another, as well as a valuable
contract for the construction OF a
breakwater at Chefoo.
OIney Wilson'S Guide.
The Wilson administration has now
however. gone back TO the second term
of Grover Cleveland 10 find the prin-
ciples upon which its policy is TO be
based. ~ that time Mr.. DENLY, the
American Minister in China, inquired
of Mr.. Olney. then Secretary of state
as to American policy in China. Sec