The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1928-05-25
Japanese Money Power
Against Chinese Man Power

The commercial interests of a fin
ancial oligarchy are behind the inva-
sion of China by Japan Just as
the commercial interests of a similar
oigarchy in the United States are be-
hind the U. s. marines in Nicaragua.
Japan has called attention to the
similarity between the two invasions,
but the similarity extends far beyond
what the Japanese government would
admit.
The tremendous concentration of
economic power in Japan in the hands
of 2 families of financlers impresses
even the correspondents of conserva-
tive American daIlies. Apparently
they feel free to visualize capitalist
dictatorship in a remote nation tho
they are professionally bind to a SIM
liar development az nome. The Chi
cago .al4y News colIt pendent At
Toxic says:
The gathering of nations wealth
into the hands of very few is going
on more rapidly here than anywhere
else on earth, so far as this CORES
pondent knows. These two colossi of
finance are the Mitsui and Mitsubishi
family groups. The power of their
money reaches into all phases of Jap
anese life. They dominate"
Following the 1927 japanese finan-
clal panic which reduced many banks
and industrial combines to bankruptcy
these families proceeded to gobble ur
the victims. Now, according to the
Wall Street Journal, they with three
other banks control 51.79o of the bank
deposits OF Japan. Together with the
government they and their subsidi-
aries control more than 500 of the
empires foreign trade.
That these financial oligarchs are
IN way to become the actual govern.
ment Of the empire is recognized BY
! the Daily News correspondent. He
says:
so overwhelming is the might Of
the Mltsui and Mitsubishi that foreign
business men here are beginning t.
regard 1t as sort of second govern
ment, which may perhaps in time be
come greater than that other govern
ment that cutters itself up with thu
4 tlresome impedimena of centurie
' qeao and gone. Eventually perhaps
4 the government of japan will be Al
t ongarchy with the Mitsuis and Mitsu
DlsnIs as the chief oligarchs, and W,
shall have here a new kind of govern
ment by financial shoguns, not SO YER
dlfferent in principle from the oil,
7 shogunate that was DESTROYED bv tn
emperor about 1902
substitute for Mitsui and Mitsubish
the Morgan-Kuhn-L Loeb Rockefeller OF
lgarchy in this country and for sho
I guns read fuedal lords, and the analy
: SIS applies with equal exactness to tn
0 United States. Capitalism around tn
: world is progressing toward financia
: feudalism.
S And the next step after that.n saw
Q our honest Daily News correspondent
i speaking of course of japan. "woul
De tne Specialization of the whole thing
e You can lind perfectly sane foreigl
: business men here who believe tina
a Japan is headed for state socialism
after enduring the oligarchy of plu
Inc important fact about the Jap
J. anese invasion of China is that thes
S Mltsuis and Mitsubishis with thei
banks, factories, shipping lines, mines
eCc;' are In desperate need of the raw
materials of Shantung and of tn
broad Chinese market. Japanese Fl
nanclal concentration and Japanes
mllltarism go hand in hand.
~