Martinsburg W Va evening journal. [volume] (Martinsburg, W. Va.) 1913-1920, 1920-04-16

| to free competition between all the
pending countries. Not only will
this relieve China of the possibility
OF her integrity being impaired, but
1t will greatly facilitate the opening
Of her resources.
In short, China must depend up
on the financial aid of the powers
to open up her. resources and all
parties concerned will welcome the
participation of America. which has
the largest financial resources of all
the powers. But If the new Censor
tium is to cover both political and
financial loans 1t is menace to the
integrity of China and therefore eco
nomic loans should be left to free
competition instead OF being cover
ed by the consortium. If that is
done it will be beneficial to America,
for she can freely make investments
in China and there will be no need
for her to bother herself about ia
pans demand for the exclusion of
Msnchuria and Mongolia from the
scope OF the now consortium."
Dodging the issue OF special priv
leSe in Manchuria and Mongolia
and labelling the consortium's alleg-
ed right to finance all foreign en-
terprise as "a world trust with a
monopoly of China" the Japan Ad-
yertiser believes that such contin.
gencics need not trouble Japan
since to attribute such an intention
to the Consortium is wrong.
THE main points of the agree
mont made public at that time CAST
May declares the Advertiser,
state unequiyocally that the con
sortium is to concern itself only
with loans to the Republic of China
or to the Provinces OF China or
guaranteed by the Republican or
provincial governments and of a
character sufficiently important to
warrant public issue. In fact the
operations of the cousortium are
designed to give the greatest posi-
BILE assistance and encouragement
to private initiative and enterprise
In China. 1t is surely clear that
until there is a unified system OF
financing the Chinese government all
private economic enterprise will be
hampered and restricted"
The duty of the interested allies.
the Advertiser declares, is first TO
provide funds for the building of
railroads, and second to see that
this sum is expended in building
them. When this is accomplished,
tina paper feels, private enterprise
will spring up i'll all parts of the
country. But further than the mere
economic benefits. the consortium
will bring political harmony among
The allies. This view is seconded
by the Ashai COsaka) which asserts
that this harmony will bring about
"a defuite pacific policy on the part
OF Japan" but insists that Japan
will not agree to any such proposal
as to utilize the consortium for the
hostile purpose of undermining ia.
pans position in China"
The establishment of the new
eonsorttum is by no means at var
lance with Japan's interests" the
Osaka paper states; Sin view of the
special position which she occupies
III Manehuria and Mongolia she may
obtain special benefit. If the
British, American and French CAPT
talists are allowed 20 make invest
ments freely they will be satisfied
and at the same time one cause for
the anti-Japanese feeling in China
Will be removed"
The compromise concerning these
much-mooted Monaghan and Man
churian privileges having been con
summated and Japan assured that
her military construction in Korea
will be undisturbed, the Boston
Herald Qnd. Rep) considers that
Japan has become a good neigh
hor." And concludes the Herald,
there seems nothing more certain
than that the prosperity of the great
Chinese republic. strengthening mu-
tual interests, will Increase the pros
perity of japan"