CHINA ADVANCING.

Dominion, Volume 2, Issue 592, 21 August 1909, Page 5

CHINA ADVANCING.

a SCOPB FOR CAPITAL . THE DOLLAR WILL CET IN EARLY. AMERICAN POLICY- ' ' V (By Tel«r*ph.-Prra« AMoclalloe.-Oowrlfht.! (Eoo. August 20, 10.6 p.m.)' London, August 20. With regard , to the now railway loan armiigonlent in China—under which United States financiers gain a footing along with ■the British, French, And German—tho United States Government ie elated at th«, success of lit. Fletchei-,'United States Chargo d'Affairta in Peking, in negotiating the agreement. The Government considers that Americana, have now notified China, equally with Europe, df their intention to obtain a full share in tho industrial and commercial dovelopment of China. President Taft is . persuaded that' China is about to enter on a period of groat ■ dovolopmont, offering Jo unique opportunity, , far foreign investment'. I UNITED STATES AND CHINA. ■ In Juno the Washington, correspondent of "The Times" wrote:—"Tlio circumstantial hJ. 1 port frotii London that American banking fn--1 terests proposo to participato in financing the , • Hau-kau railway extension in Cliina is confii'incd, thodgh unofficially, in Government circles hero add is u-eloomea. "It way be e.ifcly assumed that tho_ enler» prisO will hive tho support of tho Administration in view of tho importance whioh Mr. Taft and Mr. Knoit attach to the Oriental trade of the United States, and tho wolMmown desire of tho Government to «xt«nd American interests in China. It is understood that 111. Straight, Consul-General at Mukden, has resigneu or will resign hie posl in ordor to represent tho syndicate in China. "The cordiality of Chineso relations with the United States, which was Brtatly enhanced by , tho action of Mr. Roosevelt in part of tho Boxfcr indemnity, is sure to facilitate Amorican commercial dovelopment