Daily capital journal. (Salem, Oregon) 1903-1919, 1909-10-25
CAPITAL WILL MAKE
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of millions?" Mr.. George war asked
while the share in that particular
loan may be a small matter" he re-
piled, "the many loans that are Ike, j
to be made in the course fthe ne Il
ten years will make a huge sum. Il
viii really h ca huge mortgage on
China, giving our government, at the
behest of the syndicates, an excus
for sending troops into China at the
first sign of another boxer rising,
which is impending, and for taking a
hand in another and wider looting
and possibly in a partitioning Of the
Chinese empire"
do you actually look for another
revolution in China7"
"All the signs point to IT, Under
the cry of China for the Chinese
many elements are gathered against
the foreigners, and particularly
against the foreign syndicates. As
China emerged from her sleep of
centuries she will need steam and
electric roads, water and sewage sys-
TENS, gas and electric lighting and
telephones. These she will get elthor
through concessions to foreigners or
by loans from foreigners. This will
mean either foreign concessions or
foreign loans.
I'VE show the corrupt methods OF
the public franchise holding corpoee-
tions In our politics. They are nAt
likely to act better with similar fran
chises in China, and the Chinese N
they have a spark OF spirit, will not
submit to Il. There is such a spirit
there and Il is growing, and the cry
is against the exploitation OF China
by the foreigners.
'As to the loans, everyone knows
that they are the source OF most mod
ern wars. The inability or refusal OF
the khedive OF Egypt to pay the dut-
les on the compounded loans by Lom-
bard caused the monstrous lombard
ment OF Alexandria by an English
fleet. And II. at some future date,
the Chinese, from inability or for any
other reason, fail omeet the debts
now being incurred through these
loans. which our state department Is
procuring from China, our lending
syndlcates will demand that our wor-
ships be sent there to collect and
uphold the honor ofthe nation One
OF the chief reasons why there is
so much talk about a big navy In the
Pacific In certain eastern circles is
not 70 protect legitimate trade. but
TO protect these forced loans and
franchise privileges,
"Trade-the exchange OF commo-
dities. the sale Things produced by
labor-doos not make war. In par
iicular lines we can take and hold
our own against the competition OF
heworldln China as we do In Europe
md elsewhere. II we desire to stlmu-
late Il we could propose what we
aid In IA cease OF the Hawaiian Isl
'nds-establish reciprocity treaty
with low duties In both countries.
But the syndicates are proposing
nothing OF the kind. The 'opendoor'
they speak OF is not opening the door
TO legitimate trade. but opening the |
way to loans and concessions. Il Is |
not something for the many freely TO |
engage In, but privileges for the syn
dicates exclusively Japan took these |
privileges from the Russians as a
spoil of war aud she will do all she |
can TO keep other powers out, She
gave Il up once before-at the close
of the war with China-and Russia
slipped in. She viii not give II up
again.
The open door for the United
states means involving ourselves in
the exploitation OF China for the dol
lars and cents benefit OF our syndi-
Gates and embroiling ourselves In the
troubles that soon are to some there.
either through quarreling among the
forelsuers over the sharing OF the
spoil or through the rising OF a great
part of the Chinese against the blood
sucking foreigners and the govern
ment that submits TO them.
Now is the time for American
citizens to take a good look at this
situation"