The Washington times., 1922-10-15

4
conference. 1t need only he said at
this juncture that there has been
since the conference adjourned, every
semblance of truth In the charges
made by the Far Eastern (Chita)
government. u
Let ms not, however, deIude our.
selves with the Thought that Great
Britain Is desirous OF bringing an
end % the Anglo Japanese alliance
out Of mere love for the principles.
Of finer diplomacy. Rather is her
desire based on the ground that the
Anglo-Japanese alliance is no longer
as profitable o cloak to British
activities In the Orient and Asia
generally, as It proved in years gone
by. At least Its benefits could not
possibly meaure up to the troubles
In which 1t might involve the British
empire. .-
Conflicts With League.
The ,Anglo-Japanese alliance Is
necessarily in absolute conflict with
the League Of Nations. The high
contracting parties to the alliance
therefore informed the League of
Nations in 1920 that should any
situation arise while the Anglo-Jap-
anese alliance remained in force. In
which the procedure In prescribed
by the covenant of the League OF
Nations. the latter. that is o say
the league. is to prevail.
And thus we have the Anglo-Jap.
anese alliance. not only still binding.
but promising to continne to bind IN.
definitely-while the treaty Of arbl-
tration between America and the
British Empire expires In April Of
next year. and while the word
stands hesitant once again upon the
threshold Of war.
Want Americans Out.
In the meantime. the whole pro-
gram of naval disarmament waits.
How long it must wait depends
wholly on France.
With each succeeding month 0f de-
lay the impression grows IN Anlevi-
can and high British government ctr.
cles that the scrapping program viii
never really become effective.
And also, in the meantime, the
Japanese program Of peaceful pene-
tration moves ahead swiftly. out
surely and ever so cleverly, with
that same adroit application Of diplo-
matte tricks which enabled the Jap
enese to evade the anti.alien land law
in California. Japan, after fash
ion. is keeping her pledges made at
the Arms Conference. but Is getting
around them In excellent fashion,
excellent from a diplomatic stand
point. This policy of peaceful pene-
tration and its success to date will
be discussed in n later article.
In the banking rouses OF Kuhn
Loeb and Company the Japanese
government finds friend. l cannot
state that the Kuhn-Loeb Company
has at this time any financial con.
nection with the japanese govern
ment, though II Ia well-known fact
that this banking house during the
Russo-Japanese war, extended loan
of $25, 600. 900 to the Japanese gov
ernment.
I find that the house of Kuhn.Loeb
is not the fiscal agent for the
Japanese government in the United
States, although it did handle some
OF the japanese bond issues during
the late war. In fact, the Japanese
government has no fiscal agent In
this country, with the possible ex.
ception Of the Yokohama Specie
Bank, which represents the Bank Of
Japan and pays the coupons on the
Japanese bonds.
make this point because I be-
lieve 1t is Of supreme importance
that the matter of American
financial concerns and big American
business corporations entering into
enterprises Of any kind in the Orient
will yet become the affair OF every
citizen of the United States.
believe this to be true because
In the advancement Of the enter
prises particularly involving mining,
forestry and oil rights In Siberia
and the Far East generally, Ameri-
can interests will in some manner
yet become involved with the Japa-
nese government and its agents. In
this way too there will yet be brought
to a head the issue in fact Of the
maintenance Of the Open Door.
To this end II is imperative that
the financial corsortium which 10 to
undertake the work Of controlling
enterprises in the Far East, and
which to some extent has already
controlled previous enterprises, be
watched with extraordinary care.
Where II can do much for the de-
velopment of the Far East, in can,
on the other hand, prepare the way
for the early involvement of the
United States In an economic war in
the Orient. will discuss the con.
sortium in a later article.
In this .rnaze Of conflicting policies,
dustrubing developments, dubious
negotiations and the complex situa-
ton In Russia, the civil war in China
the fresh outbreak of hostilities In
Europe and Asia Minor. the French
delay to ratify the Four Power
Treaty and the inclination of Russia
to lend attentive ears to both China
and Turkey, the citizens of the
United States may well be concerned
over the abitions OF the, Imperial
Japanese government to realize its
Dream Of Empire.