Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1913-03-26
CHINESE REPUBLIC
IS RECOGNIZED
Wilson Issues important PoIiti-
cal Statement.
REFUSES TO INDoRsE LOAN
Document Makes IT Clear That Ad-
ninIstration viii Look With Dis
favor on All Entanelina Finan-
ciaI Alliances.

Washington, March 20.-Recognizing
the republic of China. and pledging
this government against "forcible in
reference" in its financial or political
affairs, President Wilson on Tuesday
gave out the most important political
document of his new administration,
reversing the policy of President Taft
in regard to American participation
in the proposed s125.000,000 Chinese
loan.
A statement issued at the White
House makes it clear that the Demo
cratic administration will look with
disfavor on all entangling financial al
iiances. II Is intimated that congress
will be asked to evolve 4 way to pro-
ming the risk Of having TO use battle
chips as collecting agents.
The statement is as follows:
We are informed that. al the re-
quest of the last administration, GER
tain group of American bankers UT der
took to participate in the loan now de-
sired by the government of China zap
proximately SIPS, 000.000). Our gov
eminent wished American bankers to
participate along with the bankers OF
other nations, because 1t 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 If expressly requested to do so
by the government. The administra-
ton has declined to make such re-
quest, because it did not approve the
conditions of the loan or the implica-
tioos of responsibility on its own
part which it was plainly told would
be involved in the request.
"The conditions of the loan seem to
US to touch very nearly the admins
trative independence of China itself;
and this administration does not feel
that it ought, even by implication, TO
to be party to these conditions. The
responsibility on the part of our gov
eminent implied in the encouragement
OF loan thus secured and admins
tered is plain enough, and is obnox-
ious to the principles 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 government of the United
States is DESTROYS OF promoting the
most extended and intimate trade re-
lationships 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 at 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
care to enter"