General Yang Vu-ting's pronouncement recently at Peking to the effect "that the Chinere considered the proposed $40,000,000 oan to the South Manchuria Railway most provocative, has been re-Ceived here bythe natives. with rear satisfaction. Tt is claimed tht the loan would be used by the SMR. for' the advancement of Japan's special interests in. the Three Eastern Provinces and for the propping up of the Tanaka Cabinet, which is commencing to totter, and Which, without the stimulant of fuch'a loan from America as the tone. now being negotiated for the South Manchuria Railway, shortly would go out of existence, to be re-
Pinced by a Cabinet more in sympathy with the aims and aspirations the "Chinese people. Chinese fbscrvers affirm that there is grow. Ing. resentment on the part of Japanese businessmen over the so-called positive policy of the nako Cabinet. This policy has received with unbounded suspicion China and has antagonized. the Chinese people, whose memory [the 21 Demands now is revived, The Wakatsuki great extent of the Chinese, who, number, had been Shidehara that Japan's policy one of non-interference, but it would seem to be the case that each new Cabinet in Japan has its own policy towards China.
The Japanese, on the other hand, discount the fears of the Chinese, maintaining that the town, if put through, would do Manchuria end of good. In view of the most unsatisfactory conditions existing: in Shantung and Chibli, a greater number of refugees than ever have escaped to Manchuria this year. The movement still is going on and, in spite of the severe cold this time of the year, thousands are walking, away from their homes in order to escape from famine, poverty, and pestilence. These people, settling down in & new territory, must be given a helping hand, and who else could find employment for them but the South Manchuria Railway, the Japanese ask.
Moscow Takes a Hand Foreigners in Manchuria are watching with keen interest the present situation and the opinion seems general that, with such pronouncements coming from the
Text read from the printed page and cleaned; old type leaves the occasional error.