The most reasonable attitude of the New China is that which asserts the right of Chinese rulers to deal with foreigners and foreign tra their own political and fiscal di tion, Tt ignores the division of China between one with being less short-sighted econo tically (to leave other motives out of question) than they are themselves. Their political economy is not yet divorced from the ancient end simple Asiatic conception that all" life and property be-ons to the ruler and are as ft were lent to the subject at short call. That the foreigner should come within the reach of the Asiatic ruler and yet elude his grasp, the ultimate humiliation and "in-ringement of sovereign rights
Text read from the printed page and cleaned; old type leaves the occasional error.