The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-27

, who by their performance will Justify the
confidence of foreigners In the representa-
| tons OF our government and the conf
deuce OF our own Government In them.
We must apply eugen,cs to International
| trade
Mr.. Rryan's Reply.
Mr. Bryan in reply said he came to
testify to President Wilson's deep interest
| In all that affects the erowth and develop
ment OF American Influence. lie con-
| tinued:
| II do not underestimate the Importance
! Of these trade relations, and i commend
/ his words to those whose attention has
been or will be turned to the subject.
! apprpciate also the libcralitv of opinion
he has shown in discussing those questions
| upon which different conclusions may be
reached by those dealing with the subject.
( THE new Administration In Withdraw
ing approval from the Chinese loan ala
4 not question the good faith or good IN
tent OF those who had seen In IL a means
/ of increasing our influence. prestige and
! commercial power In China. The Presi-
| dent believed that a different policy was
! more consistent with the American posi-
ton and that 1t would in the long run be
' more advantageous to our commerce.
1t would not be fair TO attribute a
falling Of in trade. to which reference
has been made. to the change in policy.
| because the new policy has not yet had
/ time to bear fruit, even II political condi-
lions had been entirely favorable.
The interests OF American citizens will
be protected everywhere. hut l am only
SAYING what the President himself has
/ said when he insisted that every American
going abroad should carry tn" American
ideals OF business The President is not
l,ss-n!ilS trade. but getting ready to ex-
| l. g,sf hat shn Ia.
a sowing Of seed before there is "A REAP
ing VI the harvest. and that there shall
be a dollars worth Of service given for
every dollar collected But II any one
, thinks that IL II the duty OF this Gov
eminent to stand back OF unfair deal
inss, that person will be- disappointed
New banking Law to- Aid.
Mr. straight has called attention 10
0H- step already taken which means much
for American trade. viz. the authorization
OF int, irrational banks. We have long
needed such law. and | am sure that
our foreign trade will be stimulated not
only in the Orient hut also throughout
! South America BY the new law. which
permits banks here TO establish branches
throughout the world.
Mention has also been made OF the
new tariff law In tn. promotion OF foreign
trade This influence can hardly be ap-
ireCiatod at this time because its opera
ton has only just begun.
In that one reform the President has
done more 10 extend trade IN foreign
countries than has ever been done by tho
promise OF battleships 10 back up con
tracts
Another factor must not be over
looked the President has outlined a third
reform whose influence cannot be bounded
by national lines. He has declared war
upon private monopoly. and this means the
investment of capital that has heretofore
h".n frightened away from Industrial
q fields. II the new policy results in "A
reduction In the size % corporations that
have become overgrowr. II will mean n
larger number of independent and COM
peting enterprises, and this competition
will mean better article at lower
price. In proportion as Industries rest
upon their own merits rather than upon
legislative favor. just in that proportion
vii! they b. strengthened for successful
contest with competing Industries
| throughout the world.
THE President In his policies thus far
announced has laid even broader
foundation for the extension OF our trade
| throughout the Orient He is cultivating
| the friendship OF the people across the
Pacific. He has already spoken a word
of hope to the Fliplnos.
1.-THE people of China nave long re-
| garded the United States as a friend, and
! the attachment has been strengthened
by the prompt recognition by this Gov
ernment of China's political aspirations
Although less than year has elapsed
since the President took oath Of Office.
he has had an opportunity TO prove to
/ Japan his respect for her position and
achievements and his friendship for her
DeODle"