Legal Obligations Arising out of Treaty Relations between China and other States, pages 207-217. Introduction to above, page 8. Putnam-Weale, The Fight for the Republic in China, page 375. Note on Investment of Foreign Capital in China. The following extract is taken from an address by Dr. S. K. Hornbeck before the National Conference on Foreign Relations of the United States at Long Beach, N. Y., June 1st, 1917.
China needs capital.
She must get it, she is eager to have it. She has repeatedly asked it of us. Without capital she cannot develop her resources. Upon the development of her resources depends the increasing of her power to sell and to buy. Upon this depends her economic and probably her political salvation.