As you gentlemen know, our principal interest in China is missionary) enterprise, Our trade with this country, if the sale of oil is eliminate te, is of very little importance. We do many times more business with the JJapanese,—because of the advanced state of Japan,—and our investments with them are secure. We lend Supan vast sums of money with guarantee but the pledge of the! Government; we lend China nothing! without guarantee, and even her guarantees have mow become unacceptable to u Tt may interest you to know that} the Japanese buy as much from us annually as all Some years ago our church-going people, inspired by a desire to} convert this oldest of the nations to Christianity, concentrated their principle effort at proselytization country. The work that and philanthropic 1a. stitutions and individuals have dona in China is worthy of the highest praise; it has been extraordinary} and will go down to history as one of the greatest efforts of disinterest. ed altruism that modern times can show. To-day we find that the only higher education that is being given to the Chinese in their country is by the missionaries, primarily} American and British; the only meical teaching and charity hospital work is by foreigners,—primarily] Americans and British.
Text read from the printed page and cleaned; old type leaves the occasional error.