Charles Hayden, senior partner of; the American banking house, Hayden, Stone & Ca., one of the most important bankers on the New York' Stock Exchange, throws significant light on the facts in the ease the reported Toan of $40,000,000 by American financial interests to the South Manchurian Railway.
Interviewed on Monday by a representative of this journal, Mr. Hayden, who has just come from al trip through Japan and to Peking! and the north because of his firm's interest in China, stated that considerable misunderstanding existed regarding the proposed loan. To] judge from press reports, he said, land from the attitude of certain Nationalist and Peking authorities, it seemed that a belief existed that] the loan had something to do with the United States Government. This was most emphatically not the case, hie said, In spite of protests lodged by Nationalists, and, it was thought, by Peking authorities with the] State Department, only the wildest imagination could Iink up the loan with American governmental policy towards China. The loan was; strictly a banking group business) affair, based on knowledge by leading American bankers and financiers of the sound proposition afforded by a flourishing railroad, and, as such, had not the remotest connection' with American diplomatic Policfes.
Text read from the printed page and cleaned; old type leaves the occasional error.