The Birmingham age-herald., 1915-06-08
CHINESE MERCHANTS EAGER ID BUILD UP. TRADE IN AMERICA. Some Question of Adequate Merchant Marine Must
 First be Solved SCHWAB IS BACK IN
 EXCELLENT HEALTH His Comments and Those of Other In- dependents Have Been Friendly
 Toward Officers Of Steel
 Corporation
Dy HOLLAND


 New York, June 7.-(Special.)-Mr. Kweeu E. Yang who speaks English perfectly and who is now in the United States for the purpose of mastering our banking and fiscal systems, pursuing also a special course in economies at Columbia university entertained F of the Is Chinese trade commissioners at his home in this city on the night of day of continual entertainment of this deie- gation. Some of the commissioners are men well along in years, but there was no evidence of weariness when they met in the evening at MT. Yang's house, but, instead, enthusiasm and qualification at what they had seen and the manner in which they had been received were char acteristic of them. They had had very busy day.
 At the formal gathering at noon, the commission was entertained by the Mer- chants association of New York at luncheon, and there were a number oi formal, exceedingly polite and interesting speeches, some of which it was necessary to translate into English. But at MT. Yangs house the commissioners were free from any embarra ssment and were able to talk informally. The common sentiment expressed by them was one of hope, even expectation that the United States would speedily enter upon greatly increased commercial and trade relations with China.
 These commissioners as a whole are familiar with the natural resources of China and some of them spoke of the v7aix1A arfi nf hot comparable with those of the United States. They were in full agreement with the statement made by Willard D. Straight, whose considerable residence in China made it possible for him to speak with authority. He has heretofore said publicly that the great need of China is adequate railroad transportation, for out of that will ultimately come a great world commerce. It is regarded as fortunate circumstance that this Chinese trade commission should be visiting the United States officially at the time of the gathering of the Pan-American financial conference This good fortune appertains, 1t is said quite much to the people of the United States as to the nations which these two delegates represent. These lead ing merchants, financiers and men of public affairs of the far east and also
 
 information to this country as they will obtain while upon their visit here. In the past representatives of commercial and public life in China have officially visited the United States and there has always followed these visits an increase of trade between the United States and China. That is believed to be inevitable now, although the influence of the war in Europe may make speedy develop ment of that trade impracticable.
 The Merchant Marine
 Some of those who shared in the hos pitality of MT. Yang. like almost all the delegates from South America to the Pan-American financial conference spoke of the necessity of creating a so-called merchant marine, great body of yes sells adequately fitted for peaceful com merce. It is thought that as one of the results of the financial conference at Washington there may come within the course of the present year the beginning of the establishment of a merchant ma rine. So far as China is concerned, it is the opinion of the Chinese delegates now in New York that there will be no difficulty about cargoes. China is ready to buy enormously and looks chiefly to the United States for it's purchasing mar ket. The Chinese republic is also ready to provide steadily great return cargoes. One of the immediate difficulties to be overcome before commerce bearers for the South American trade can be built and operated is the lack of cargoes and this was the reason why several at-