Show I BACKED BY UNCLE SAM CHINA REFUSES TO PAY HIGH EXCHANGE RATES PEKIN July 1 The I.-The The of or Shanghai has notified the tho bankers' bankers commission commission com corn mission that China refuses s to pay the July installment of oC the Indemnity except at th the rate of or exchange prevailing pre April 1 I 1901 1101 The foreign forch Ministers consider that the r T otal's declaration is the re result of the announcement of the United States Minister Mr Ir Conger to the Chinese that the United States sustains Chinas China's contention and is willing villing to accept payment on the basis mentioned But the Ministers are confident that China will accept the decision of ot the majority ma ma- of the when sh she is convinced that the United States Is her only ti Some of the tile Ministers Insist that the policy of oC the United States is unreasonable and in direct opposition to the terms of the protocol They assert that thaL Prince e Ching head hend of the Foreign and other Chinese officials beb bethe lea learn learn- cn- cn n- n 1 iru H China l ha had the support upp 1 of 1 the e United S States State te in t this I. I matter ad d rI that t i tr arguments w ie rallied l' l a plea ila toe lot mercy than ihan han a a. for or I |