New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-01-27
INTERESTS ABROAD
SAFE, SAYS BRYAN
Secretary of State at Asiatic
Dinner Repeats Will
sons Assurance.
TELLS PRESIDENTS
FOREIGN POLICY
Business Must Meet Administra-
tons Standards If II Expects
Support, He Says.

THE interests OF American citizens
will be protected everywhere. and In say
ing this am but Affirming what the
President has already said"
Mr.. Bryan thus stated his foreign pol
icy at the dinner to the American Asiatic
Association, held last night at Delmon-
ico's. Part of his speech was given over
to explaining the moral standards to
which American business men investing
In foreign countries must conform De
fore they could hope for the support OF
the administration. Mr. Bryan added
that foreigners would welcome American
capital the more eagerly when they I'M
derstood that n temporary failure OF in
terest on our loans would not be followed
by battleships intended to collect II.
Far from depressing foreign trade, he
added, the President had done more Tor
it. by treaties which made war impossible
without preliminary investigation, than
could possibly be done In any other way;
and this benefit he said. was equalled by
the authorization of international BANKS
which would enable Americans to finance
their foreign operations.
1.-THE administration in Withdrawing APP
prevail from the Chinese loan" said the
Secretary. did not question the good
faith or good intent Of those who had
seen i'm it a means OF increasing our IN
1uence, prestige and commercial power IN
China. The President believed that
different policy was more consistent with
| nd that n would
I'm the long run be more advantageous to
our commerce.
"Nfr. Straight has called attention TO
one step already taken which means much
for American trade. viz. the authorization
OF international banks. We have long
needed such a law. and | am sure that
our foreign trade will be stimulated not
only in the orient. but also throughout
South America by the rev law which per-
mits banks here To establish branches
throughout the world.
Mention has also been made OF the new
tariff law in the promotion Of foreign
trade. This influence can hardly be APP
precated at this time. because Its opera
ton has only just begun. In his last
speech delivered just before his tragic
death, President Mckinley called atten-
ton to the necessity for tariff reduction
as a means of extending or increasing our
exports 1t was a prophetic utterance'
to which the country has given WELL
nigh universal response The new policy
means a larger commerce between our
Ination and the world, and in this increase
he Orient will have her share, and this
nFflT ~
the public, but especially by those mer-
chants and manufacturers turning their
eyes to the Far East.
Another factor must not be over
looked: the President has outlined a third
reform whose influence cannot be bound
ed by national lines He has declared
war upon private monopoly, and this
means the investment OF capital that has
heretofore been frightened away from in
dustral fields. If the new policy results
i'm a reduction in the size OF corporations
that have become overgrown II will mean
a larger number of independent and COM
peting enterprises. and this competition
will mean a better article at a lower
price"
Willard Straight. president OF the asso-
citation, who introduced Mr. Bryan, said
that many members OF the association had
feared that the government would not ac-
cord sufficient support to American capt
tai abroad, but that such an impression.
in his opinion, was not justified. He said
that Chna's greatest need was capital
But Americans can't afford to pur-
chase Chinese bonds unless their ability
l.. -.
American investor Is not willing to buy
Chinese bonds unless he believes that the
| American government Will protect him.
Investors do not want bonds II there is
any chance that the interest must be col
lected by war.
"In China IL has never been necessary
to collect interest by gunboats, and there
is little likelihood that it will be necessary
i'm the future, because China for years
TO come must finance her necessary de-
veiopment by foreign loans II is. there
fore. essential that the present govern
ment of China, or any that may succeed
il, should pay interest when due in order
that it may have continued and ready ac-
cess to the money markets of the world"
Professor NJ. Anesaki, OF the Imperial
University of Toxic. said Japan's aim was
TO be a link between the East and the
| West, and that she could never forget
the debt Of gratitude she owed America
for having opened her ports TO the world
William J. Calhoun made a plea for
adequate administrative support for
American investments I'm China. He said
that new ideas permeated our diplomacy
but that the fundamental fact that trade
I'm the Orient followed the loan" should
never be lost sight Of He would make
no criticism of the governments with
drawal from the Chinese loan, he added
as that would be beyond his province and
an injustice perhaps TO the motives Of
those who differed with him i'm regard to
the proper foreign policy of the country.
Those at the guest table included Pro-
fessor Fl. Anesaki, Captain Woodward
w p. Wilson, Lloyd G. Griscom, X.
lijma. Consul General OF Japan; Major
General T. II. Barry, Seth Low. Yung
Kwei, Chinese Charge d'Affaires William
]. Calhoun, Captain Gleaves, Y. Y. Yung
Consul General OF China; William A.
Marble. Fleming d. Cheshire, S. ID. Webb
and DR.. T. Iylnaga.
Tots Call on President.
Washington. jan 26.-President Wilson