Dee. 9.
The mere that one sees in print of the arguments for and against the Morgan loan to the South Manchurian Railway, the more anyone who wants peace and sanity in China is convinced that the investment of G.$40,- 000,000 of American money in an adequately protected Japanese constructive enterprise on Chinese territory will be one of the most salutary things that could happen in this distracted land; the more one is incline ed td hope for its-consummation. One of the facts which it may be useful to bring home to the Chinese is stressed in the letter by Mr. H. P. King which we published in our correspondence columns yesterday morning and that is that, however sentiment alists, "parlour Bolsheviks," and promoters of the brotherhood of
Text read from the printed page and cleaned; old type leaves the occasional error.