Bisbee daily review., 1916-12-17
AMERICAN CAPITAL
 WELCOME IN CHINA
Announcement That U. s. Money Will Build Great R.
 R. Delights All.

PEKING. Correspondence Of the Associated Pressl Chinese newspap
 CTS are unanimous in welcoming Am erican capital into China to build rail
 roads The announcement of the con
 clusion of the agreement whereby Stems and Carey, financed by the Am
 erican international Corporation, are granted a contract for over two thou
 sand miles ol railway costing approx
 imately one hundred million dollars gold. has been received with great en-
 thusiasm. Neither the Chinese pub rc nor the Chinese press las any fear
 that the United States has any ulteri | 0r motives.
 since the death Of President NuaI Shi-kai. the wost Important single
 fact in the history of China has beer
 the signature of the Stems and Carey railway agreement" says the Picking | Daily News. Tt reintrOduces into
 practical politics a principle that was ! in danger of being forgotten. Ameri-
 cans do not seek political power. in- Auence or spheres. They seek trade and trade only. and they have now as- ! sumed that other nations seek noth- ing more and really mean what they
 cay when they pledge themselves to the maintenance of the open door and , anral opportunity for all in China.
 "All the powers interested have eX- pressed their adhesion 10 the pTinci-
 nle of the open door. but in spite of
 the lip service rendered to this doc urine there has been sneak:ng desire
 n eyade it's real conse eduelces. Greet
 Britain. more than once when non British sche~es have appeared to have notifications that reached the Yang-tse valley. has been obviously uneasy; as witness the French port of Pukow scheme and the Japanese Han
 kow development project. Japan has almost openly repudiated the open door doctrine. The Japanese vetOes
 on the Chin-chow-Aigun Railway. on the Hsinmintun-Fakum project and
 on Nil. Knox's Manchurian railway ! naturalization proposals. all go to show that Japan has in her heart re- pudiated the open door dogma long sgo. The Japanese demands of last year, and the corellary to them to be found in the side issues raised in con nection with the Chengchiatun nego-
 tiations. only confirm them. Russian diplomacy for several years, and her latest public displays of 1.-the treaty
 with Japan and the protest against
 the presence of members for Outer Mongolia in the Chinese parliament can only be interpreted in the light of
 virtual repudiation of the doctrine of the open door. The Germans near ly did the same thing in Shantung pre-
 vious to the outbreak of the war. Had the department of state in Washington set itself to devise a test for the sincerity of the powers that
 have declared their adhesion to the doctrine of the open door and equal opportunity in China, it could not have devised one better than the pres ent contract"
 Practically all the Peking papers and the important Chinese papers in other large centers express satisfac- tion at the decision of American capi- tai to look for an outlet in China. For several years but little American cap ital has come to China. This fact has been discouraging to Chinese who are interested in development projects, but the railway agreement has given them new hope.