The appointment of Sir Robert Hart as inspector-general of the imperial maritime customs secured the interests of European investors in Chinese securities, and helped to place Chinese finance generally on a solid footing.
In resolutions 44 to 53 the conference deals with the duty of the Church towards modern democratic ideals and social problems; affirms the responsibility of investors for the character and conditions of the concerns in which their money is placed (49); "while frankly acknowledging the moral gains sometimes won by war" strongly supports the extension of international arbitration (52); and emphasizes the duty of a stricter observance of Sunday (53).
Much satisfaction was shown in Europe at the fall of President Celman, for investors had suffered heavily by the way in which the resources of Argentina had been dissipated by that the uprising of public opinion against his financial methods signified a more honest conduct of the national affairs in the future.
Where a railway is built for general commercial reasons, however, it must furnish its own credit; that is to say, it must convince investors that it can be worked profitably and give them an assured return on the funds they advance.
Laos, A Handbook of Peru for Investors and Immigrants (Baltimore, 1903); C. R.
Among the many reforms introduced under his guidance were a workmen's compensation law; a survey of occupational diseases with recommendations for health insurance; the elimination of the sweatshop; the establishment of a state industrial commission for dealing with questions of labour and capital; the provision of a minimum wage and a nine-hour day for women; mothers' pensions; ratification of the proposed woman suffrage amendment; the budget system for state expenditures; pure food laws; a " blue sky " law for protecting investors from unscrupulous promoters; the initiative and referendum; a Corrupt Practices Act; the indeterminate sentence for convicts; improvement of rural schools; the establishment of a state tuberculosis hospital and the extension of safety devices on railways and in mines.
The valuable resources of the republic, and its comparative immunity from revolution, formerly attracted the attention of European and American investors, who supplied the capital for internal development.
Once a nation shows its willingness to seize foreign-owned property at will, foreign investors are reluctant to do business there again.