Missouri Valley times. [volume] (Missouri Valley, Iowa) 1874-1931, 1913-03-20
DOLLAR DIPLOMACY
DEALT HARD BLOW
BY WILSON ED|CT
President Refuses to Sanction
Participation BY American
Bankers In Proposed Joint
Chinese Loan.
TERMS UNFAIR. HE SAYS
Protection to Americans Who
Invest Abroad Refused
Cabinet Foresees Possible
Difficulties
TERMS UNFAIR. HE SAYS

WashmstniG March 70. President
WILSON'S Statements al rh" admins
tratinns a,til1ue toward American
bankers parlicii1tion in the Sl2e.ooe.
oon Chimes, lnam and foreign loans
generally. HAS attracted Widrsrre:td
comment ;itl, discussion in uticla and
diplomatic quarters.
Following closDly upon tn, statement
may nov proceed as = tivc-I"we1 af-
fai,' without The NmerieAn group
MIR. Wilson's Statement.
President Wilson's statement III full
follows
IN. are Informed tha, at the re
quest OF the last administration Ger
tain group of American bankers under
took Ia participate IN ih" loan NOW ne-
sired hN ,h" government OF emma zap
proNinately Si2a,oon.u0o, Our govern
,,l.nt Wished American bauiers To nar-
tiriIa,e along " ith the bankers of other
nations because il desired that the good
viii ,f the Ditcd States toward him.
Would he exhibited in this practical
WAY: that American capital should
have access To- that great country and
that the ,lteo states should ,e in !,
position to share Will the Other, pow
.is tny political responsibilities that
might bc associated with the leNel
npncnt OF HE foreign relations Hf
China I'M connection With her Industrial
and commercial enterprises
Toe Muci, Responsibility.
The present administration has been
asked rs this srn,l oi ltankers whether
i, would also request them To t,artic-
pat. IN the lu;,n. The representatives
Of the bankers through whom the ad 4
miHistraton MAS approached declared
tliat They Would continue Ito seek their
shar, of The loan under the iropnss.d
agreements niy il eXlrcsslN iea9issiet
TO ao so by the s@eetnment Fhe nd
| ,niniStrstinp iaS declined To make such
| request lei 8usF 1 did rut appetVo tne
| conditions % tho ioan ~ tn" lflpliea
| tiuns oi resp0nSi,.llt on its own Part
| which j, a- plaipl ala wola he in
soNed u, tn. request rho eonditlohs
| of tn" loan seem L" MS vn touch Very
iiNat!y the administrative Independence. ..
| OF china itself. and this adnlinistra
| tion does not feel that il ought "Nen
| by implications to be q party To those
| conditions. The responsibility on its
| par, which would he Implied in re
| unrS1ng the bankers IN undertake tha
| soan might c"nceiNahlN go the length
\ i'm some unhappy contingency of iorci-
| ble interference in the financial and
| even the political affairs on that :sreat L
4 oriental state lust MUW Awakening to
\ "A consciousness of its power and its ib
| legations to the lteopl. The conditions
| nrlude not "iilN The pedgns of par
| iicular taxes. som" Of them antiuuated
| and mtrdciSo,itc. To secure the loan.
| but also the administration of ihoS.'
| taxes by foreign agents. The respoI-
| sbilitN ON the part nt ollr government
implied in the announcement nt a loan
thus secured and administered is plain
enough and is obnoxious to the prin
riplcs upon which thc government OF
4 our people rests.
While the president 5 announcements,
explained tI" attitude rf the United
| States tnMara the Chinese loan. it
Was authoritativcl3 stated lust night
4 that the S:ilue policy would llplN
throughout The Nilsson administration
toward sinilai situations IN Central
Anicriea ami elsewhere Wherc tiie
| United states is concerned
The iniieN pi protecting through In
| ACTON OF tho government loan ,oI
tracts al American firms abroad was
| a parl Of what MAS often rt.ierred t.
~ td"Ilal diplomacy in the Taft al
| minis