posted on Jan, 1 2013 @ 12:14 AM
I'd never heard of this, so with a few spare minutes did some background reading.
Wikipedia itself just cites a newspaper article.
Thanks to trove
, here is a newspaper report of the day.
So there was agreement for the loan, but
is another newspaper article from a few months later saying that
the Americans had dropped out of deal because Wilson found the terms to be too unfair for the Chinese. Too much outside influence on the inner
workings of the Chinese government.
How times have changed.
The exact language the President used was that the conditions of the loan seemed "to touch very nearly the administrative independence of China
itself," and that a loan thus obtained was "obnoxious" to the principles upon which the American government rests. It is to be hoped that President
Wilson's dictum will be universally accepted after the war and that meddling in Chinese affairs will cease
edit on 1-1-2013 by alfa1 because: (no reason given)