"It is perhaps unfair to Mr. Arnold to condemn him unreservedly," a prominent American business: man said to the writer, after showing him the clipping ' quoted: above, "until we have seen a fuller' report of the speech. I cannot seo how anything else that he might have said could have modified such figt statements as these, how and besides this speech isn't it's only a fair sample of the sort of thing that our people are fed by almost every speaker and writer who wishes to please them—by fostering their sentimental regard for China, It's the sort of thing however, that we have to stir ourselves to correct by the most drastic measures at our command. it not only misguides public of which shapes our policy out here} [and thereby serves to cripple our interests, but it.misleads investors: in China and serves to promote] enterprises which at such a time! is this can only add to the long.
ist of American failures in this jeountry. We want no American' ventimentally indulgent with China! iucizess out here that isn't sound and too liberally dosed with deliberate misinformation from' oth Chinese and foreign sources; he Americans who represent big] Srms here feel that Mr. who knows conditions well enough; gone out of his way to lull confidence China at a time the public into a sense of false in when the real" gravity of the situation should have—_been explained, to augment the meagre reports which the Attache ead discredits.
Text read from the printed page and cleaned; old type leaves the occasional error.