The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-03-31
CASH FOR CHINA,
PRESIDENT TOLD
NEW BANKING GROUP READY TO
LOAN sfo,oo0.ooo NOW, MORE
LATER ON.
ASK FOR FREE HAND
SYNDICATE APPROVES OF WITH
DRAwAL OF GOVERNMENT
SUPPORT OF THE sIx-
POWER LOAN
ASK FOR FREE HAND

WASHINGTON. March ao,--An
American syndicate stands prepared
to provide a short-time loan of about
sto.000,000 to the republic OF China,
and would subsequently, negotiate 2
long time loan UP to $lo,0oo,ooo, or
whatever should be China's need.
The president learned this yesterday
from j. II. Sears. representing II. b.
Nellins & Co. of New York.
The syndicate was asked for asstir-
ances, in the interest of China that
the United States government WcliN
not participate in any way In the
loan The president MIR. Sears WAS
advised, was gFatified that American
capital is in sight to help China
Mr. Sears told the president that
American bankers were preparing 10
raise enough funds for Chinas Inn
mediate needs, and felt certain they
could obtain enough money to re-
iieve the republic of future financial
difficulty. He has begun negotiations
with the Chinese government, through
the Chinese minister here. They
were in conference yesterday
They Want a Free Hand
We want only a free hand said
Mr. Sears, as he left the white House.
we heartily approve OF the admins
trations policy in Withdrawing gSv-
eminent aid from. the six power loan
Mr. Sears declared ne had assur-
ances that China's feeling for the
United States was such at present fnAi
1t would rather negotiate loan with
American capital than with that OF
any other country.
strong pressure is being brought to-
bear upon the administration To ree-
ognize the Chinese republic before
the constituent assembly meets Aprft
18th. as an evidence OF this cauntry's
faith In the stability OF the new
Chinese government,
Sees Army HorSemanShip.
For the first time President Wilson
yesterday saw an exhibition of the
Workmanship OF the American army,
Difficult maneuvers were performed
by Troops a, II, G. and u of the Fiji
teenth cavalry and Battery r OF the
Third field artillery at Fort Myer
The president appianded enthusiasts
ically. He stood with head uncover
ed whenever the colors were dipped
In his honor by the color bearer ~ the
contingent going through stunts on
the tanbark
AS the president approached and
left the military reservation the pres
idential salute of twenty -one guns
was fired from field guns In his honnr.
A squad of soldiers at present arms,
was drawn up at the gate TO receive
him and speed him.
Accompanied only by Colonel Ed
win ST. John Greble, OF the field
artillery. the president left the White
House in his automobile at 2 o'clock.
Two secret service men on motor
cycles followed. A ride brought him
10 the drill hall at Fort Myer in
about half an hour.
He went Immediately TO the seat
provided for him overlooking the
drill ground. Colonel Joseph Gar
rard, commandant at the post. joined
him and remained with IN through
out the drill. After the conclusion OF
the program, the president met and
shook hands with officers of the pest
In the section set aside for the
president were Secretary Of Commerce.
Redfield and his family and the Sec
rotary to the President Tumuity. with
party of friends from New Jersey.