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Newspaper Page Text
dared not go back on their secret
contracts with the French, Brit
ish and German governments and
financiers, and they were afraid
to increase the loan. They pro
tested to the United States gov
ernment against Morgan's sug
gestion of part of the pie.
Then - did William Howard
Taft, president of these United
States, send a personal cablegram
to Prince Regent Chun which
forced the matter to an issue.
The "railroad loan" was in
creased. Morgan was allowed to
make a Joan, and further was giv
en permission to build a section
of the "development of China"
railroad, and to supply the mate
rials for the same.
This was a cute arrangement,
inasmuch as Morgan thus made
two profits. He made a rake-off
from the handling of the loan, and
he made a juicy profit by supply
ing the railroad construction ma
terials from the Morgan Steel
While Taft; Knox and Willard
Straight were telling the Man
chu government where it got off
in the matter of borrowing mon
ey, President Taft personally ap
pointed Charles R. Crane, of Chi
cago, minister to China.
Crane is a hopeful man of old
fashioned ideas, and little knowl
edge as to who actually runs the
government of the United States.
He believes or did believe then
that the United States stood
for the right, for the aiding of the
oppressed and downtrodden.
Just after his appointment as
minister to China, Crane made
the fatal mistake of not keeping
these oldfashioned views to him
self. He made a number of
speeches, the keynote of which
was that he hoped the powers
were prepared to allow China to
attend to its muttons, and that
the powers would help the Chi
nese people to develop their own
country in their own way, and
he made special reference to the
Crane did not go to China. He
had reached San rancisco on his
way there, when he was recalled
by telegraph from the State De
partment in the most humiliating
He was told that the adminis
tration had changed its mind
about making him minister to'
China, and sent him to his home
in Chicago to think it over.
The man appointed in Crane's
place was William J. Calhoun, di
rector in the Harvester Trust,
former partner, of Max Pam, one
of the organizers of the Steel
Trust, and corporation lawyer of
What has-all this to do with J.'
Pierpont Morgan and his ally, the
government of the United States,'
Why, the revolution broke out'
at Cheng-tu, headuarters of the
Chinese railroad company, which
was kicked out to make room and
profit for J. Pierpont Morgan.
And you will recall that in that
abject letter written by the
Prince Regent of China in the
name of the baby emperor, in
which the government promised
to reform, the point most dwelled