Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1913-03-26
WILSON REFUSES: ! AID:
DECLINES TO AP-
/ PROVE UNITED STATES
III LOAN IN CHINA. lzr.
u. WILL NOT INVOLVE AMERICA Il ] { !;
Chief Executive Declares for the Open
Doo-AIso Comes Out Strong in
Favor Of the Budget System IN
RS Government Affairs.

Washington, March 2O.-ln state
ment issued from the White House
Tuesday President Wilson refused to
indorse the request that American
bankers participate in the Chinese
loan. The president expressed sym
pathy for the Chinese republic and
declared for the open door. The
statement follows: .85 "A z; 4.
I'VE are informed that at the re-
quest Of the last administration . GER
tain group OF American bankers nm
dertook to participate in the loan now
desired by the government Of China
approximately $125,00O, 000) Our
government wished American bank
ers to participate along with the bank
ers Of other nations, because It de-
sired that the good will Of the United
States toward China would be exhib-
tied in this practical way, that Ameri-
can capital ) should have + access to
that great country and that the Uni
ter States should be in a position to
share with the other powers any po-
,litical responsibilities that might be
associated with the development OF
the foreign relations Of China In con-
nection with her Industrial and COM
mercial enterprises. The present ad-
}ministration has been asked by this
group OF bankers whether It would
also request them to participate IN
the loan. The administration has de-
clined to make such request because
it did not approve the conditions Of
the loan or the implications Of respon-
sibility on it's own part which it was
plainly told would be involved in the
request. Fl:
"The government OF the United
States is not only willing, but earn
estly DESTROYS of aiding the great
Chinese people in every way that is
consistent with their untrammeled
development and Its own immemorial
principles.
""The government Of the United
States is DESTROYS Of. promoting the
most extended and intimate trade re-
5lationships between this country and
the Chinese republic. The present
administration will urge and support
the legislative measures necessary TO
give American merchants, manufac-
turers, contractors and engineers the
banking and other financial facilities
which they now lack and without
which they are at serious dtsad-
vantage compared with their indus
trial and commercial rivals. This Is
its duty. This is the main material
interest OF its citizens in the develop
ment OF China. Our interests are
those OF the open door----a door 81;
friendship and mutual advantage.
President Wilson is in favor Of a
budget system for the conduct Of the
government finances. He made pub
lie here letter written January 3d.,
from Trenton to; Senator Tillman,
expressing the hope that . budget
system might be worked out after he
got to Washington.
Washington, March 1s.-The For
NAL proclamation Sconvening congress
in extra session At noon April Z was
issued Monday by President Wilson.
The presidents procurement was
brief and followed form closely. 1t is
stated merely that whereas. public
interests require congress would be
convened in extra session by order OF
the executive.