The statement that most of the Americans. in China ave untouched by political conditions is condemned} as, being still more misleading, ess Mr. Arnold meant and explained that the majority of his fellow countrymen had not been physically abused. Tu no other cense has any foreigner in this country been untouched by what are called for convenience political conditions in this country. Millions of dollars—at least 50." millions—'n machinery and supplies have been advanced (0 the Chinese Governent by American firms and remain unpaid for while the militarists reduce them to junk and the railways and other assets of the Ministry of Communications which would normally supply security for such advances.—Thero 5 no big business house in China, American oF other, which now inks of profits, They are all ither pleased to cover overbend, or sjoice in such heavy overdrafts ith the banks that the latter are tand no sound business is ever (founded upon such misconceptions of living, trading and investing conditions as are consistently ladled to American business organizations at home.
Text read from the printed page and cleaned; old type leaves the occasional error.