The Archive · 1920

The Madness of Lending

Feb. 5.

We would draw very special attention to the articles by Mr. Bruce Baxter yesterday and Mr. Rodney Gilbert to-day on the madness of continuing to lend money to the Chinese Government, so called. We should like to see these article reproduced in the Chinese newspapers. We should not be sorry to see the student organizations bombarding the Legations with telegrams of protest against further loans as they have bombarded Peking with telegrams about Shantung and Foochow. The force of Mr.

Baxter's and Mr. Gilbert's arguments appears to us irresistible. The more money lent to China, the greater the opportunity of her officials to put her revenues in their pockets; the poorer she, the richer they become.

America would never be so cold-blooded. say the officials, holding up their hands in simulate ed horror, as to allow unpaid soldiers to overrun Peking. But what real reason is there for things to come to that pass? As Mr. Baxter says, "'it is not for the Powers to prevent mutinies but for the Chinese Government."

And if there be any real danger of a mutiny, the Legations, hav-

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