Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1916-07-25
THE RUSSO-JAPANESE ALLIANCE
By FREDEkI0 .. HASKn.

,bousand miles inland from the national boundaries,
and who does business outside his own county
is nevertheless dependent the prosperity OF the
nation as a whole, and that prosperity is in turn
dependent the state Of foreign trade.
The diplomacy which after business interests
has come to called in the last few years dollar
dplomacy"-a catch-word that has about it hint Of
opprobrium None the less. dollar diplomacy seems
in fair way universally recognized as the lead
ing form modern diplomacy. Religious wars. wars
of conquest growing out of personal ambition or
over boundary disputes have disappeared among nrs
class powers; wars over national honor do not
seem to be much evidence, for here arbitration has
it's perfect opportunity. Modern trade wars
in analysis which means they are the bitterest
kind of wars-battles for existence. They dollar
wars, and for the same reason we have dollar
diplomacy.
1t was the scorn dollar diplomacy that led to
the withdrawal American capital from participation
in a recent large foreign loan to China. While no
official this effect has yet been made, the
renort is current and accepted States
will American loans to China, long as these
imply preferential concessions to the lend
ers This basicaly sound policy for the nation to
adopt Individually, all dollar diplomats in the
game of by force of necessity and the force
operates on nations
Certain parties in China profess regard the new
American attitude as coming late respects
since recently loaned s1Soooooo account
Chinese railways, and her concessions
somewhat the same ground whose opening
tempIated in American Chinchow-Aigun railway
which fell through account of foreign
opposition and of enthusiasm in domestic sup
port there plenty of opportunities for invest
left in China.
1t is in this latter connection that the possible
effects of the Russia-Japan agreement giving rise
o endless speculation What will be the effect
American chances? VIII these powers divide the
far east between Lewis put it,
they contemplate the division of the world three.
parts a Europe controlled by France and England,
Asia controlled by Russia and Japan and America
controlled United States for business purposes
If control it?
1t is certainly be hoped that these powers
contemplate the restriction of American commerce
the Orient We need it too badly world in actual
practice will not divide neatly into parts Eng
land and Germany will continue to do an immense
American business after war and we cannot
limit foreign trade the South American
market.
The Japanese prime minister, Count Okuma, recently
assured an American correspondent that japan would
maintain open in China, and also that she
would welcome American capital in the problem of
Chinese development In fact Japan has always been
ready welcome American capital in this task; what
American merchants China have desired is that the
economic law that trade follows the loan should be
permitted operate freely The prime minister also
stated that Japan would heartily welcome American
commercial industrial activity in China. 1t is
be hoped the treaty and the course OF
will prove that he is right