To these ends Mr. Padoux's scheme is perfectly adapted, so far as the writer' knowledge will permit him to judge. As a means t¢ the ultimate end—the financial reconstruction of China, as announced on the cover of Mr. Padoux's pamphlet—it is obviously worse than inadequate. One does not have to qualify as @ financial expert to understand that to restore China's credit—her borrowing capacity at home and abroad—before the fundamental solution which Mr. Padoux has outlined 50 clearly in his opening paragraphs has been reached, can only serve to defeat the ultimate end and to postpone indefinitely the inevitable solution, There are times when a surgeon can only save a patient by using a knife. The longer he postpones the operation the larger is the growth and the less the fatient's recuperative power. Me Padoux is ike a surgeon who has correctly diagnosed his patient's malady, but who suggests rubbing sweet ointments on a malignant growth.
Text read from the printed page and cleaned; old type leaves the occasional error.