From tae "New York Jourwat or Comarerce."
The American China Development Company and its sole enterprise, the construction of a railway betwoon Canto and Hankow, are again assuming the importance of an international issue. Roforence was recently made in these column to the moving appeal addressed by the King of the Belgians to the President of the United States and Mr. J. Pierpont Morgan not to allow the concession for the construction of this railroad to revert, to the Chinese Government. It would appear from the tenour of a reported conference at Oyster Bay that the President has heard, and is disposed to heed, the protest of the royal promoter against allowing a good thing to slip. through the hands of company in which His Majesty had acquired a largo interest. [t must be assumed that the President is not deceived by King Leopold's disingenuous pretence that the resumption of tle anton-HHankow emeession by the Chinese Government is equivalent to a "flagrant closing of the promised op: n door." But as the President is reported to have invited Mr. Morgan to consult with him on the subject 1 may be inferred that he is somewhat exercised about the effect which the surrender of this concession will have on American influence in China, and. breadly speaking, on the prestige of this republic in the Far East. Mr, Morgan was probably able to inform the- President that, after the control of the American China Development Company bad been recovered from the hands of the Belgian syndicate acting for King Leopold. he and associa es notified the Chinese Governnient that they hed no intention of inst ing on building the Canton-Hankow Railway if the Chinese preferred to do the work themselves, The Chinese promptly
Text read from the printed page and cleaned; old type leaves the occasional error.