uly 2, The Economic Conference ame to an end on Saturday in ablaze of triumph. A well worn phrase is For once. well deserved and it is to be hoped that the National Financial Conference, which now begins work in Nanking, will pay due heed to the recommendations sent up to it from Shanghai. It was a brilliant idea to invite practical men of business to the task of planning out the rehabilitation of China and they responded to the call with a seriousness and determination worthy of all praise, Never before have Chinese bankers and merchants been given such an opportunity far practical cooperation in affairs of state and naver, it may be added, has a Chinese Government received so strong and well ordered a mandate or by inference so much pungent eriticiam. The feeling displayed on the subject of the military incubus, the unanimous resolve that armies be cut down and military extravagance curbed, was particularly noticeable Here indeed was the true vole: of the people of Ohina; and if th Nationalists wish to make their Government the permanent and beneficent instrument that all ape it will become, they will not disregard it, 'A warning may be ventured gainst undue haste 4nd disappointment if all the changes advocated are not immediately' realized. Twenty years would hardly be too much to bring into furni effect such a list of ref Take for instance the on the importance of having one Central Bank, one Mint, abolition of taels and of all provincial banknotes and a dollar coinage with stable decimal subdivisions. The deadweight of vested interests and private emolument that must be fought before such ja.change can be wrought makes it almost a more formidable task than andment of the army. it five mints in credit hangs thereon. It will have been seen that they are anxious, if possible, to arrange new terms by negotiation where existing agreements infringe on China's sovereign rights, the obvious antipathy in this case being the salt loans. One would not say off hand that this need prove impossible. Let the Nationalist Government only give sure promise that it will shoulder the obligations of the past for the credit of the whole nation, and its path will be made smooth in a hundred directions.
Text read from the printed page and cleaned; old type leaves the occasional error.