Inhaltsangabe
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1913 edition. Excerpt: ... THE JOURNAL OF RACE DEVELOPMENT Vol. 3 APRIL, 1913 No. 4 CHINA'S LOAN NEGOTIATIONS By Hon. Willard Straight, Representative of the American Banking Group It is the purpose of this paper to explain, if possible, three things: (1) the significance of Chinese loans; (2) the importance of securing and retaining an American interest therein, and (3), the peculiar difficulties encountered in the recent loan negotiations. Dr. Arthur H. Smith, in that able and interesting work, Chinese Characteristics, pointed out that those who, understanding the vernacular, walk in China's streets will hear the passersby talk of little save money. As it has been with the daily life of the people so it is today with the political life of the nation. The question of money is all important. For the last ten years, and especially in the past twelve months which witnessed China's wonderful transformation from the oldest empire to the youngest republic in the world, there has been an incessant discussion of Chinese loans. China's loan history may be divided into four periods: The first, immediately after the Chino-Japan War--when funds were secured from abroad to pay the indemnity exacted by Japan at its conclusion. The second, following the so-called "leasing years" when the great powers encouraged their bankers to finance railway construction in the regions which they had marked out as their spheres of special interest, and when besides acting as the politico-financial agents of their governments, these bankers secured for the industry of their respective countries the orders for the materials required. The third, following the Russo-Japanese War, when likin was pledged as security for loans and when a combination to THE JOURNAL Or RACX DEVELOPMENT, VOL. 3, NO. 4,...
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Reseña del editor
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1913 edition. Excerpt: ... THE JOURNAL OF RACE DEVELOPMENT Vol. 3 APRIL, 1913 No. 4 CHINA'S LOAN NEGOTIATIONS By Hon. Willard Straight, Representative of the American Banking Group It is the purpose of this paper to explain, if possible, three things: (1) the significance of Chinese loans; (2) the importance of securing and retaining an American interest therein, and (3), the peculiar difficulties encountered in the recent loan negotiations. Dr. Arthur H. Smith, in that able and interesting work, Chinese Characteristics, pointed out that those who, understanding the vernacular, walk in China's streets will hear the passersby talk of little save money. As it has been with the daily life of the people so it is today with the political life of the nation. The question of money is all important. For the last ten years, and especially in the past twelve months which witnessed China's wonderful transformation from the oldest empire to the youngest republic in the world, there has been an incessant discussion of Chinese loans. China's loan history may be divided into four periods: The first, immediately after the Chino-Japan War--when funds were secured from abroad to pay the indemnity exacted by Japan at its conclusion. The second, following the so-called "leasing years" when the great powers encouraged their bankers to finance railway construction in the regions which they had marked out as their spheres of special interest, and when besides acting as the politico-financial agents of their governments, these bankers secured for the industry of their respective countries the orders for the materials required. The third, following the Russo-Japanese War, when likin was pledged as security for loans and when a combination to THE JOURNAL Or RACX DEVELOPMENT, VOL. 3, NO. 4,...
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