The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1942-04-17
. After MANY
Years
Chine Does II
The Hard Wsy
Psy Uncle Sam
Ahead OF lime
Moral in This II
You Look for N
BY T. 7. SHORT

BY 4 7. SHORT
TN the routine news from Wash
L ington the other day Jesse
Jones. the financial car Of the
United states government, an
nounced that China has paid
of an American loan of s rs
600 900 granted in 1889. To this,
Mr.. Chi Tsang, an American
representative Of the Chinese
race, adds, with evident satisfse-
ton and justifishle pride, that
the loan was paid two years be-
fore II was due.
What makes the incident
worthy of comment Is the fact
that since the loan WAS made
In 1899. China has been en-
gagged In a tremendously fierce
battle for life.
II was part Of the agreement
that the money would be used
to purchase war equipment IN
this country and that the loan
would he paid out Of the
profits of wood oil which China
shipped TO the United States.
That certainly was the hard
way. for with the Japanese in
possession of most Of the coast
cities of China and the Burma
road blockaded. the shipping
difficulties were enormous. China
could not have been blamed for
at least asking for an extension
of the loan till after the war.
but the Chinese. ii seems. do not
do business that way.
Negotiations for the loan were
made by commission headed by
X. p. Chen, a veteran Chinese
banker. Mr.. Chen also organized
the Universal Trading corpora
ton 10 supervise the wood oil
shipments. The story OF how the
shipments were made and under
what difficulties is told by Chi
Tsang substantially like this:
Through Hsiphong in French
1ndo-China and then through
Rsngoon via the Burma Road,
shipment after shipment Of sup
plies from America poured in
TO China to help prosecute the
war. The American trucks on
the highways, the drugs and
surgical instruments in field
hospitals. and the steel and other
metals that made small arms and
cartridges later to be used in
the historic Battle OF Changsha
all such materials were. at the
beginning. bought with the pro-
ceeds of the wood oil loan.
In the meanwhile another or
ganization under the name of
Fooshing Trading Corporation
was established with the sole
purpose Of collecting China wood
oil for shipment to this coun-
try. Mr.. Chen returned to China
in 1910 to supervise personally
its operations.
Hundreds of collecting sta
tons were set up in the pro-
ducing districts and a thousand
trucks were bought and used to
transport wood oil from the in
terror to the coastal ports.
I'm the beginning wood oil
"as moved TO Haiphong and
then to Hong Kong for ocean
transportation. After the fai
Of Haiphong, 1t was shipped t.
Rangoon through the Burma
Road. Despite almost insur-
mountable difficulties In trans
portation, the shipment Of
wood oil was continued.
The regular delivery of
wood oil to this country has
rendered a distinct service to
the American industries by sta
oilizing prices and by maintain
ing an adequate supply for de-
Tense needs. Month by month
the Universal Trading Corpora
Ton has been selling wood oil
TO meet the requirements Of
American industries. while at
the same time silently but stead
lastly using the major portion Of
the proceeds to pay back the
loan.
Thus China has demonstrated
IN the world that despite the
enormous difficulties that have
oeset her IN her struggle for
freedom and democracy. she will
not fail n 1--we up to any obhEs-
tons once they are COMMITTEES.
Never for one moment. will she
forget n repay any kindness she
has received from her friends.
With sweat and blood China has
fougnt the war and kept the
promise"
mat Is something 10 think
ABOUT when the going gets tough
over here.
Cn TLEN cav