Asias American Problem a Diffedent Discussion of the Project Sometimes Called

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If the country prospers under the treatment she is to receive, it may some day be forgotten that no Chinam-a*i was called in consultation when the pre- scription was prepared. And certainly China is no Paradise under the present system of disunity, peri- odic revolution, corrupt finance, and competitive con- cession-hunting. The pooling of foreign interests will undoubtedly result in the elimination of one of the chief sources of trouble; and in the end, the Consor- tium-group may actually achi...eve the political and eco- nomic rehabilitation of the country. Indeed, China must be made into a going concern, politically and economic- ally, if the bonds underwritten by the financiers are to be worth the paper they are printed on. However, this task of reconstruction can not be carried out solely by the advancing of funds. Paul S. Reinsch, former United States Minister to China, gives a hint of the manner in which the rehabilitation of China is to be accomplished when he says : "The foreign lenders have the right to demand security for their investment.

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