New-York tribune., 1920-06-16

eminent pointed out that II II were
possible to arrange for banking groups
OF the four countries to lend assistance
to China through the medium Of an in
ternational group-namely, the con-
sortium-a full and equal partnership
to be highly beneficial to China and
to the interests of the four nations
involved. The American government
in effect pointed out that under such
an arrangement the international con-
test for new and valuable concessions
in China might largely be prevented;
the setting up Of new spheres of in
huence' which in the past had proved
detrimental to China's welfare might
be done away with, thus the integrity
and independence Of China would be
maintained and international jealousies
in the Far East would In large meas
ure be avoided.
"The American and the other bank
ing groups as we'll have. therefore.
formed the new consortium in the
hope o. being able to serve the situa-
tion along the lines indicated. The
cons has no plan Of exploitation
laid out for China, nor will it under
take to function except at the earnest
desire and with the hearty coopera
tion of the Chinese people"
Praises State Department
Mr.. Lamont, in praising the attitude
of the State Department in respect to
the Far East. took issue with Frank A.
Vanderlip, who last week returned
from Japan and criticized the State
Department for alleged lack Of knowl-
edge of what is going on in the Far
East. Mr.. Lamont did not refer di-
rectly to Mr.. Vanderlip, but said:
'ln view Of recently quoted express
sions rejecting upon the State Depart
ment's knowledge Of Far Eastern mat
ters, I am bound to say that found our
representa- tives fully conversant with
japanese views and possessing a sym
culties as are inherent in the situation.
Our am bassador there, Roland s. Nor
ris. showed extraordinary resource and
courage in the negotiations TO which
happened to be party. Certainly, the
State Department in the last two years
has been intelligent and consistent in
urging forward the organization Of the
new consortium, the final formation Of
which is likely to bring the whole Far
Eastern question at least one ttage
nearer solution.
Il Deeply Impressed
Gas to China, am aware that many
persons characterize it as great dis
organized. almost chaotic people. No
one can spend even the short time that
was in China without being deeply
impressed with the industry and sobri-
ETY. of that people, with the idealism Of
many Of their leaders, with the growth
of public opinion there, with the pro-
found effort that is steadily being
made to establish central government
that win function as we'll as the local
governments function. The present
government at Peking, as every one
knows, is weak and inefficient. Yet II
the American people lend to the
Chinese the counsel and the aid. ma
terial and spiritual, which the Chinese
are so longing for and which they look
to America to give them, VIC shall. I
am confident, witness in the coming
years the development of great and
powerful nation there. nation of AGO.,
100000 people, whose admiration and
warm friendship the United State. can,
if we bestow proper thought and effort
upon the matter, secure for all time
20 come"
In explaining the precise object Of
his mission MI Lamont declared:
~ found tho situation in the Far East
Of the utmost interest. | went there
at the request Of the American bank
ing group, and with the approval Of
the British and French groups, for two
specific purposes. The first was TO find
out whether tho Japanese banking
group, with the approval Of its govern
ment intended to come into the con-
sortium for China without reservations
on the same terms as the banking
groups of the United States, Great
Britain and France. these last three
groups being in complete accord. The
second object was to visit China and
make a report for the American group
upon economic. financial .nd political
conditions there"