Martinsburg W Va evening journal. [volume] (Martinsburg, W. Va.) 1913-1920, 1920-04-16
Daily
Editorial
Digest
(Title App!d fer U. s. Pat OH
Edited by the Washington
Feature Service
DAVID LAWRENCE, Prsst.
SETTING CHINA
UP IN EuSlNE SIS
DAVID LAWRENCE, Pres.

American participation in the new
"consortium" or cooperative group
OF international bankers formed to
finance the Chinese government, has
met with enthusiastic support in
the Japanese az we'll as the Ameri-
can press. The Old e!y OF dollar
diplomacy" has, however. found its
echo in certain Japanese circles,
while American opinion is insistent
on an agreement which assures the
unqualified adhesion OF all mem
bers to the principle of unseltlsh CO.
operation for the good of China.
With the details OF the transac-
ton still unknown, its Significance
has not been fully realized in Amer
ica, but, as Is pointed out by the
st. Louis POst-Dispatch (Ind0, sit
Cannot be- doubted that its cogsum-
MatiOn is of large economic as We'll
as political Importance. 1t is the
Qf2-'ion as to how the suggested
Gea"ter billion dollars. is to be eX.
pended that calls forth the widest
Comment, especially in Japan, where
the press marlfests concern lest eco.
nomic loans may stiae private mi
tiah}e. Brushing aside this, posi-
bic obstacles, the st. Louis Post
niSFa tch feels that lit Is foregone
conclusion that the L. S. govern.
nleat, in supporting American bank.
ers, will insist upon conditions which
do not touch the administrative in
dependence Of China or Compromise
her integrity
here IS only one cloud on the
bright prospect" says the Philadel-
pA.a Press (Rep0 the doubt whe-
taer the japanese have abandoned
their claim OF special interest in
iManchuria and Mongolia. If
alien intrigue is TO be abolished in
China it should be abolished alto
gather. America should not lend her
approval and cooperation TO a mere
hat measure in China"
in the new loan the Toledo Blade
EtlndD sees compensation TO China
for the rough handling she received
at the Peace Conference and pre-
diets that the $250.000,000 to be
spent h the Powers in improving
Der railways VIII help internal as
well as economic conditions in the
Chinese Republic.
North and South China, con.
tihues the Blade will be drawn
closer together and vast undevelop.
ed resources OF the interior which
are Of almost unbelievable value
will be tapped. The country has
been prosperous since the war. but
there is greater prosperity In store.
Reused from her long Centuries OF
slumber, CHINA under the benign
Influence OF the Powers, can be OK
pected TO so far in the next hall
century,'
In Japan the loan is naturally
looked upon In terms OF its reac.
tiou. How viii It affect Japan? The
Hochi Toykol is very emphatic in
demanding the elimination of any
loans for purely economic expendi
ture.
Speaking frankly and straigatior
wardly.' says Hochi. I'VE regret that
we cannot agree 10 The Ameri<a
proposal that the new eonsortiun
should cover both political and eco
HStulC tUdAS. H. nS ItdSOu lCI THIS Il
hat that would lead practically tc
he joint control OF China's finance
b. the fJlr Powers concerned. whleH
might endanger the independence o.
that country"
And 10 prove that the opinion L:
unbiased, the writer concludes
This apprehension IA not couhpe5
TO Us; u is shared by MANY thinking
men in Chia9..
Sow. the Hochi asas. should tn,
new coesoetium be orgaaized9 AM
then proceeds to answer its owr
question thUs:
I'm or opinion economic loan!
should be detached frcm politca
loans SO that the former alone car
be under taken BY the cousortiun
and that economic loans can be LEI
TRcsss<sxEs-zsAzsaza-saa= ssazzs
DEAD ANIMALS
Tatanhor- az DIR exnenze