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The "Six Powers" (the United States, Great Britain, France, Russia, Germany and Japan) agreed to a $125,000,000 loan to China at 6 percent interest.
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
Originally posted by caladonea
reply to post by jiggerj
Now in 2013 we owe money to China! My, my how things have changed in 100 years.
Happy New Year Jiggerj...
edit on 31-12-2012 by caladonea because: correct spelling