The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-03-20
S|X-POWER GROUP
FOR CHINESE LOAN
HAS BEEN BROKEN
CONTINUED from First Page.)

Continued from First Page)
States. and the governments thereof
held to accountability.
President Wilson's administration
found 1t eXpedient to make this formal
announcement because of evidences OF
suspicion among the Latns of their
neiGhbors of the north.
Suspicious Not Justified.
10 he sure, there was no actual ex-
istent ground for suspecting Interior
motives. The Taft administration had
made notable and conspicuous effort to
convince them OF the disinterested
friendship OF the North Americans But
the fact was evident that. nevertheless
and Notwithstanding, the suspicion
was there, inculcated. it is said, by
politicians seeking their personal ends
The new administration and it's sup
portcrs in Congress feel that nothing
could have been more frank nor should
be more convincing of the friendly but
firm policy of the Wilson regime to-
ward Latin America. and ii is now re-
earded as a closed incident as they
say in the language OF the chanceI-
lcries
President Wilson's refusal to guar
antee the participation of American
bankers in the sX-power loan to China
viii be approved by Democratic Con-
grcssmen generally, il is thought. AS
the situation is viewed by some. the
new administration has avoided com
hitting the United States to a policy
which contained, in the view OF Presi-
dent Wilson and his advisers, elements
of possible future foreign entanele-
ment.
While the Taft administration did
not apprehcnd such possibilities in the
arrangement. the Wilson administers
ton is taking no chances. playing
safety" il is said, will be the verdict
ri fs Of nd, ,it,;
eress. and the policy is submitted to
the public for approval, with the adj
ministration expecting to receive 1t.
Hint AS to Legislation.
4 hint In the Presidents statement
OF future Legislation TO facilitate Amer
lean trade and financial connections
abroad attracted attention of Congress
men to-day. The President said:
The present administration will
urge and support the legislative meas
ures necessary to give American mer-
chants. manufacturers. contractors
and engineers the banking and other
financial facilities which they now
lack, and without which they are at
serious disadvantage as compared with
their commercial and industrial rivals"
This suggestion is construed 10 refer
to amendments of the banking and cuff
rcncy laws to allow the establishment
OF branches of American banks in for
eign countries. q privilege not now ac
corded to national banks OF this coun-
~, Americans doing business in the
Orient and in South America have
complained for years OF financial diff
culties confronting them by lack of
banking facilities such as are enjoyed
by European nations doing business
in the same places and with their own
branch banks to finance their under
takings.
This proposition will BIZ presented to
Congress in due time by President VII
son and Will not be unfamiliar to elder
statesmen. who have heard 1t discussed
In the past.
Panama Canal Tolls Next.
The next subject of foreign policy
to be dealt with and disposed of oy the
new administration Is the Pahama tolls
question. AS the case stands, Con-
gress has passed law cNempting
American ooastwise shipping from tolls
for using the Panama Canal. Great
Britain has protested against the act
AZ In contravention of existing treaty.
and the foreign office in London and
the State Department at Washington
have exchanged notes, former Secre-
tary Knox stoutly upholding Congress
as being within its rights
President Wilson's attitude toward
this question Is not generally known.