New-York tribune., 1921-10-10
Ranks of China
Stand for Firm
National olicy
Manifesto Advising Asser.
ton of Country's Enteg.
rity Issued TO Guide En-.
VOWS to Arms Council
Special III ights Denounced
nocurnena Reflects Dispo.
sition TO Rebel Against
Aggressions of japanese

pEEING. Oct. 8 by The ASSOCIATED {
p-sssY. The Chinesa banhers $3.50
.,st,on. the strongest osnAing group in
rhjns. with important connections and
;.sneuee. has issued a manifesto "for
~, ruiGancc Of the Chinese policy at
,,a Washington conference" in which
supDort IS gwen Tor the Chinese stand
r.at;re to Shantung.
IN its preamble the msuifesto states
.,,+ -he conference must aim to secure
,a~,,snent Far Eastern peace .on the
bss;s Of mutual International help, and
M decisions contrary to equity, even
tbongh taken inadvertently, would re-
III in future disputes detrimental to
China and the whole world. The mani
festo says:
T6e principle Of the preservation Of
territorial integrity with respect to
rb;na's sovereignty must receive first
Consideration, and the principle must
not be infringed BY granting conces-
,ions, or comforting preterential or
exceptional rights to foreign individ-
nails This uph0lds the Chinese stand
on the ShaNtunS question:
Any agreement between two nations
.Fecting third shall be considered
mil and void unless it shall be ac-
eepted By the third, this to be the
| cardinal rule in all international deal
'ucs. This pertains to the Anglo
| Japanese aliiancs)
| Opposes Spheres of Influence
Provided the first and second sugges-
tons are accepted by the conference,
} China will agree TO the open door
i. nolicy. subject 10 lasting renuncia-
| tjon by other nations OF their spheres
| of Influence and special interests. (The
| Chinese people and government always
have regarded cousoItiums and the
recognition OF certain Japanese rights
IN south Maachur:a and eastern and
inner Mongolia as violating China's 5
sovereignty)
Chinese bankers are fayorably dis
uosed toward international fnancla,
cooperation, provided the cooperation
in no wise interferes with Chinese
financial and economic development.
tChinese bankers aiwass have main
.ained that China's interests are best
served by consortllms, working
, through them Whenever foreign loans
are necessarily
| Diplomatic instruments hampering
Improvement in the Chinese govern
ment's financial and economic admins
tration should be Cancelled at the con-
ference. This relers to the Chino
Japanese loan agreement OF 1918D
The division Of China into north and
south is purely an internal political
condition and does not exist as con-
cerns international or Chinese indus
TRIAL anA commercial affairs.
memorandum dealing with consor-
tiums and railway and currency re.
| flrm accompanied the manifesto. In
his the bankers say they are ready to
Cooperate IN consortium whenever
II IS proper and favorable to China.
AIhey advise the Chinese government
obtain funds through q consortiuru
Ualy after consultation with the Chi
ese people and without ieopardizine
ne sovereignty @ China or hampering
zee development, and that the Chinese
holid no. recognize spheres Of infu-
'ace and special interests.
Would Retain Railroads
The memorandum suggests that the
gqVeTnment should devise q unified rail-
'say plan. but not yield 70 the proposal
'9f the internationalization OF the rail
rays. Foreign or domestic rail loans
saouid not give the right to supervision
OF control, and the Chinese government
should be entitled 10 determine and
'roer railway construction. Foreign
Ie's' except technical experts, should
aoI De employed. and discrimination
,aouid not be shown II they are quail
aec experts. The latter suggestion
ieiers TO Japan's tWentv-one demands
"a Cnina, by which Japan obtained the
pnFHege Of appointment Of japanese
,aiionals to adviserships in South Man
China. the bankers believe, is en-
Ised 70 fix freight tariffs withou,
consulting soreign powers and should
sse !s police ana not soldiers to guard
ne railways Foreign or domestic
siealtOrs should not be allowed to in.
sfiere with forests, mines and othe,
Enterprises along railways. This re-
sn especially 20 japanese acts along
ne Shsn.ung Railway)
lae Dankers suggest that railway
'seeipts and expenditures should bt
asnaged by government appointed
Dollar Exchange Advocated
Adoption q a gold standard, abolish
as tas taei and proper definition o.
ne legal standard OF finances, enabling
ae silver dollar to serve as the sole
asaium Of Chinese exchange, are advo
| ssd by the bankers. They say uni
go system would result in standard
.A dollars and subsidiary currency
a ceeimal basis, while the profit.
.e.ized through the minting of this
.Teney should be deposited as {
.anng fund 70 be used solely for tn,
'.'p.on Of the gold standard, thu
''S9'ang large currency reform loans.
ssper currency should be standard
- and fore gn bank note issues ul
....a,ssy stop2ed, especially issues o
.'slg1 currercy violating China's SOY
,asaET, against which the banker
.fs pfompt government action. (Thi
sn s',fs n the gold and silver yen issues
- Dasfsn and Using tau, which Chimes
1sfs ard merchants always hav