Word: consortium
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Dates: during 1910-1919
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...Moreover we look to America to be the leader in the formation of an International Consortium which shall finance China. For three reasons the formation of such a partnership is essential to our welfare. First, in order to secure the large sums of money which are necessary to finance new railroads, and other forms of communication, to reform the monetary system of China, and to develop industrial and commercial enterprises. Secondly, to insure the expenditures of money so loaned to us upon the objects for which it is borrowed by the Chinese government...
...Appoint Consortium to Lend Funds...
...international union is necessary in order to safeguard the political integrity of China from even a suspicion of intrigue on the part of any foreign power, such as would be sure to arise if the former methods of financing China were followed in the immediate future. If a consortium of this nature can provide the funds and appoint a commission on which there shall be representatives of China as well as of the great powers which lend the money, China may reasonably expect thereby very great assistance in her momentous problem of securing international peace and the establishment...