Show NOT MOW BORROW ABROAD IF ii MONEY HONEY CAN 8 BE RAISED AT HOME NEW YORK TORK June 3 The The placing of ofa ofa a a. Chinese loan for railroad building by American Ame and European bankers Is contingent nt on the ability of the Chinese o government to raise tho the money at home This no new of tho the Chinese loan negotiations was made mada known by H. H P. P Davison member of the firm of J. J P. P Mot Mor Morgan an 8 Co who was a passenger on tho the from Europe Europa too today a My idy n negotiations In Paris in regard to the tho Chinese loan have been eminently successful said Mr Ir Davison Wo R Wo o have havo tentatively arranged for a a. loan of 30 for tho commencement of building build ing ng operations of two trunk line railroads railroads railroads rail rail- roads In China one ono running north and south from to Canton and theother tho the other cast east and west from to Sze Chuen Chum Regarding R the tho terms of the loan Mr Davison said Arrangements up to the pre present ent are merely tentative and are dependent on whether the tho Chinese e will be able to raise ralso sufficient money In their own country The Chinese Chines government go has reserved to Itself tho the right of ot refusing to accept this sufficient loan provided It can raise sufficient funds at home Speaking of tho the listing in Paris of the United States Steel stock Mr Davison said d That matt matter r is if practically in statu tatu quo It H le is progressing but slowly an SR It If cannot be hurried owing to many man legal I difficulties |