POWERS AND CHINA.

Dominion, Volume 2, Issue 604, 6 September 1909, Page 7

POWERS AND CHINA.

:■■•' '■■'•■■■■;THi'py3H\;of : -tENDEBB,'- .; :ObiISSIA ; sJ!EJK;4 JPAPTICIPATION. . ■ • IBy - Tplcsrapb,--I , rtßs A»aoclnlion,-P.oojrlclil.l : ;:j (Rao; s'opterftbef;|,-6,.5 p,\a.) : \ - •:\f,.y. ■ ■.-.,•; - ';.>;'• A:'. PpUinßi' September 4. Minister at 'Peking has been instructed. ta'wgo i.h.at Russian capitalists, \M thosef ;]>f the -TJnJted States, : should be. idriiiUed ;ioV:"participation ; : i« the' Henkau--?jechuan:railvay: lp'an'. ';\~; '.'■:}'':'■ ■ - -"'■';..- ■> :i.France iupporte Rtjssi.v;in this:matter, POLIT ICQ-FllN(At>l CIAL• DE?jGNS IN CHINA ';■ The': Hankau-SM.chu£(ii ; rajliyjy loan led '-in, ine'.first. pliM.'to. a'quarrel■oehveen.Anglp,Freneh ■" capitalists .and .the ■. German "group. .When.thia"; waa adjustetJi ■the. United .States, ''with Qejraany's. cordial suppor.t," ; knocked at .the/4q'or and" w|is admitted to participation in the [.qaji,; Hof .Itussia, vjtl) I'Vagce's |iipport, follOW's. 6U)t.'-.■'„• ■'. ;':;:,.1 >■■■■■■■■! ;■':■■' ■',;:'■"■■■': :• V.Why, the United. States'should Suddenly de-.> piijq on participation in.the loan,' and sftonl.d cause'-.'a stoppage of. until that bright IVA3 admitted,•; was; a ■ mystery . until; it .Wna Ipar'nctl tfiat fo.r some time |iad been prooe'edinj between the United SM.en and Ctiina.with regard to. the, calling of : a:con-, ference of tho.Ppwers'for.tho. Sidejing tlje' reform "of .'the financial;:system of ■ Chmefri-wljich js, unable to, ohango yiritugut the' '■[ consent '■ pf. the''l'awers, because : her na-r iions('rev"4a(ie?Va,ro;pledged as■'security for yeirious'-foribign"l?ins.ancV indemnities—and so, to! change h'epitiiethpd' of '/raising.; revenue that the litiii cq'uld >be abolished; ;•",;;:.; ; 'This 'proposal.'{writes..th.o., : Washington'.;cpr-. rcjpondlut of .the '.'Morniij.?' Post?)'.' met with th«",hear'y.;cqnourrerib.6,of tiye ynited fStatcs : Gqvtrnment-,',.which. has,' always regarded. ■ the :"|ikin .'a? •'■ obsticla. to the d.9velopm«nt,ijf the. in'te'rnal v tt»de. of China.and the ; iiiereise ' of' imports, •■. and it.i.opened ; n^gotia.-. iiiqns ,: with, some "oi" the. emphasising its .'o'yii,position, that''tho abolition: , of the likiri was; qs ra^oh "'. to the; advantage ...of .'the, ! \Vestern nations as it was to'-CUn^'heiself.-.■;■! i■-This*suggestion was. ..apparently;.- well' ■ received, and the'preliminary ■ negotiations p.rp.ceedih?''smQotflly,Vwhen; to 'the'surprise pf' tip "Washington '■.'• Government, it, learned' ■that-part pf.: .tho■ < security pffered :fqr. the Ha.uKau ; 16an;;was;.'the,;- : ,iikin; ■■'■ Somewhat I Annoyed;, by- thij,j-bccsoise.'.it rendered - : , tua" abortive,:; the. United^; States : Bqve'fnm?rjt convinced : that it must 4 i for it?'own protection- and : in"view- 'pf.-{ut'nra I eontingencies, ..bo recognised ■■' in ■ a loan based on';th(). likin, /and that that, recognition, could. I only- : be,' bbtsmeil .by djreot; nQgotiat.i6n.,;wjth the Chinese Goyerjnn.ijent, ■ and. not.' by foreign., pagke'rj ■' t'n.' ,'■ act :pi : cqniity.- permitting ■IrA.eric.o,n £ank):rs'-tp thei.s share; : qf.. $e;ip.an,^vj,\.; : ?>:,:■ ..;'.•'.'■. ::.;■-v "■;■;.:; : ■ ■■'■:.. ■;•