The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-04-02

q $l0,OOO,OO0 loan TO China. which
tho Chinese government refused
to accept because Mr.. Lamont in.
sisted that the Hukuang bonds,
German issue. which had been &C.
quired by the Morgan Company.
should be paid out Of it, Mr..
Lamont. on hearing this charge.
made an emphatic denial. saying:
Simpsons statement is unquali.
fiedly false. When this man
Simpson talks about resisting the
control Of the international banks
he is fantastic. We don't want
control. We are anxious that the
conference result in such q 30.
luton as will furnish full oppor.
tunity to China to fulfill her own
destiny"
CONTRADICTION IN TERMS.
Sagacious people will Je inclined
to conclude that 50 much anger
must be due to being touched on
the raw, and that Mr.. Lamont, II
he had had nothing to conceal,
would not have spoken Of a dis
tinguished writer and one OF
China's best friends as this man
Simpson"
Mr.. Lamont's statement that the
Consortium does not want control
reads like a contradiction in terms.
Those who wish to lend to Q gov.
eminent which. IL it is let alone.
will go bankrupt. must aim at con-
troll, for. even IL there were not the
incident Of the Chicago bank, It
would be impossible to believe that
Messrs. Morgans are SO purely
philanthropic as not to care
whether they get any interest on
their money or not, although
emissaries OF tho Consortium in
China have spoken as though this
were the case.
While was in China the Con.
sortium. which is theoretically
international, but practically Amer
lean, offered a loan to China on
condition that China make certain
internal reforms.
China rejected tho offer. rightly
as 1 thought. since it involved
international control.
Shortly before my departure
from Pekin. Mr.. Crane. who had
just ceased to be American minis
ter TO China, was reported in the
Picking Leader" q paper owned
by Chinese. but edited by an Amer
CAM to have stated, in an inter-
view. that he was in favor of IN
ternational control of China.
mentioned this interview IN q fare
we'll address. To my amazement,
there was an uproar among the
very Americans who had advocated
the Consortium.
The editor of tho Picking Lead
err" in whose pages the interview
had appeared, expressed astonish-
mont that could have believed 1t
genuine, and made difficulties
about permitting my address to be
reprinted. left China Immediate
ly afterward. and do not know
what subsequently occurred, ex-
cept that the Picking Leader pub
lished an editorial critising my
work as q professor. All this
shows the curious confusion q
mind which enables people to ad-
vocate q loan on condition Of in
ternal changes. and yet to i'm gine
themselves opposed 10 interns.
tional control.
THE FUTURE OUTLOOK.
expect to see China com oe.lsd
to be orderly 50 as to AFT a
field for foreign commerce s1d IN
dustry; q Government such as the
West will consider good cub
stituted for the present goa Won
please anarchy: a gradually In
creasing flow Of wealth from
China to the investing coun .ries
the chief Of which IL Amerit a; re
development of q sweated rrole-
tariat; the spread of Christ 2ritys
the substitution of the American
civilization for the Chine .; mo
destruction of traditional ICACty,
except for such objets art AZ
millionaires may think 1t worth
while to buy; the gradual awaken
ing Of China to her exploitation
by the foreigner; and one day.
fifty or . hundred years henoss
the massacre Of every white man
throughout tho Celestial Empire at
a signal from some vast secret
society.
All this il probably inevitabie,
human nature being what 1t ID.
1t will be done in order that rich
men may grow richer, but we shall
. be told that it is done in order that
China may have good" govern
ment. The definition of the word
good" is difficult. but the defini-
ton of good government" 10 a.
easy az A b c: 1t IL the govern.
ment that Yields fat dividends.