Morgan & Ca., will have a very difficult time persuading any nese or Japanese banker that he is coming to the Far East for the fun of it or for his health. The announcement that Mr. Lamont has accepted an invitation to come to Japan will convey to even the most casual observer the distinct impression that the American bonkers are prepared to discuss the rebabilitation of the various Japanese banks that have lately been in difficulties. Japanese business men have been frankly confessing to their friends the fear that if their banks did not get outside support before the end of the year there would be something "approaching a financial debacle in December or January. Mr. Lamont's visits to the various capitals of the world almost invariably coincide with loans. In this instance it is worth noting that a new bank, to be known as the Showa Bank, is being opened in Japan for the specific purpose of financing the readjustment of the several banks that closed during the April financial panic. One ean-not avoid associating this with Mi Lamont's announced. visit to the st. In the cabled report which we have published it is specifically stated that Mr. Lamont has no loan other business operations in mind and it would be absurd of us to challenge this statement, but it does seem very likely indeed to us that Mr, Lamont has been asked to help with his personal advice in bringing new order out of Japan's banking troubles. This world be by no means bad news. In spite of all say about the crimes of the capital ists, there is really no class of men who do so much to insure the world against foolish, purposeless wars a3 nother, the closer the bonds of trade and' money transactions, the more reluctant are all con: cerned to listen to any whisper of portance and they are extraord-marily expensive, but with constantly jereasing traffic the expenditure is more than justified,
Text read from the printed page and cleaned; old type leaves the occasional error.