Russo-Asiatic Bank to be Used by Politicians in Peking as Weapon Peking, Oct. 24.
Secret preparations are now under way among the politicians of the "diplomatic" clique, led by Dr. Wellington Koo, the Acting Premier, to undermine the influence of the "communications" clique and _to establish themselves as a solid political bloc through grasping the helm of the' country's finance.
These "diplomat" politicians are planning to convert the Russo-Asiatic Bank, now in procriss of liquidation, into 4 pure Chinese Banking House with the fund to be made available when the Bank goes into liquidation, which is expected to be completed within three months. They estimate that at least $7,000, 000 are to be made available after meeting various debts and obligations and that together with the Bank's realty they make up the enormous sum of $30,000,000.—Router.
Text read from the printed page and cleaned; old type leaves the occasional error.