Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1916-05-24
CHINESE FUNDS
RUNNING LOW;
EXPENSES HEAVY
Yuan Shi-Kai Has Hard Time
Getting Money With Which
10 Pay SoIdierSi Revolution
Playing Havoc


peking. April S0--Yuan Shi-kai and
bis advisers have a great problem In
f,nanc,np the central government
m,th the provinces splitting apart and
declaring independence and allegiance
to the Yunnan movement. The mill
my expenditures are unusually heavy
as many Of the soldiers are given
double pay and nearly $4,000 recruits
have been enlisted since the beginning
Of the revolution.
If is estimated that the war eX-
nense of the central government are
about 100000 gold every day.
Respect Forefgn Interests.
So far the revolutionists have not
seriously interfered with the revenue
Of the salt monopoly in the provinces
which have declared their independ-
enoe This revenue is pledged as Sc
eurity for the loan made to China by
Japanese, English. German. Russian
and French bankers. Consequently
tho revolutionists have preferred not
TO touch this money in order to avoid
International complications. Gut, as
had already been reported, the Jap
anese bankers have refused to turn
over 10 the central government its
share of the surplus from the earn
ings Of the salt monopoly, and it is
now reported that the English BANK
ers have decided to take the same
step and will be joined In this move
ment by the bankers representing the
other entente powers. The Japanese
position is that the Picking govern
ment is not legally organized, and that
il the auintuple group continues to
pay over the salt surplus to the Yuan
Shi-kai government, the rebelling pro-
vnces will seize the salt funds and
interfere with the operations Of the
salt gabells in an effort 10 prevent
Yuan Shi-kai from getting further fl
nancal assistance from that sourse.
The central government already has
received about S2i 100000 Mexican
from the surplus OF the salt gabelle
since the beginning of the revolution
Would Defeat I. >. Loan.
IIlt nt&OlluliDIT III filt .NIiti ~ ttii
loan with Lee Higginson & Company
and the advancement or $1,000 GEO
gold on this loan by the American
firm also called forth loud protest
from such prominent revolutionists as
Tang Shaggy, who are doing esery-
thing in their power to prevent the
Yuan Shi-kai government from get
ting funds to pay the soldiery. Unraid
soldiers, whether they be revolution
lists or government troops. are always
a menace ia China. They riot and ,
plumber ana are greatly feared by
officials and the public.
In commenting upon the efforts of
the revolutionists to defeat the A'ler
lean loan the Picking Daily News.
which is regarded as the official or
gan Of the administration warns the
revolutionary leaders thae they are
striking a hard blow at China's credit
and performing a highly umpatriotic |
act. The editorial says
According to a Chinese press re-
port Tang Shaggy REPRESENTING ZIG
members of the former national as
sembly, has telegraphed TO The Amer |
lean minister in Pekire and to the |
American government at Washington |
warning them that the south Will not
recognize the validity of the loan me-
souated with Lee Higginson X Com |
pany by Dr. Wellington koo. Chinese !
minister at Washington. on instruc-
IONS received from The onief exeeu-
1--WE through LANG Shiny Ii such
report pe true it proves that he par-
.amentarians concerned have no con-