Attempts to Discredit Them in Connection With Future of Customs: Their only Interest China's Credit Considerable annoyance is being caused in local Chinese banking circles by what appears to be a well organized campaign to discredit them previous to the Fifth Plenary Session of the Central Executive Committee of the Kuomintang on issues over which Mr. Edwardes has supervisory authority, because we have our own plans with regard to those bond issues, The propaganda, then, that is being waged against Mr, Edwardes and against us is false as to facts and motives.
August 1, Tt would appear that items of propaganda are placed in Chinese papers attacking the bankers for their alleged support of Mr, A. H. /G. Rdwardes, the Officiating Tns-\etor-General of the Chinese Bari Customs. By word of mouth, Omours are being spread that. the tinkers are prepared to sacrifice siiomintang principles in order to jeep. Mr, Edwardes in his present Josition, with a view to protecting their interests in such domestic loans as he supervises, Statement by a Banker cot a ne a desire J ear representative of the North Chins "We are not concerned with the iene te position, Nor are we on the whole, The Question of China's Credit "At the National Economic Conference we emphasized the importance of re-establishing Chi credit in the money markets of the world. We are not prepared to sacrifice national principles achieve that goal, but as bankers we are convinced that we can maintain our national principles and at the same time re-establish China's credit. Most of the bankers do not believe that removing one man from the position of Inspector-General of Customs and appointing another man at this moment involves any national prinefples, but we do think that to do so without cause would seriously affect our efforts to re-establish China's credit.
"Naturally, the personalities in the matter can mean nothing to us nor, are we prepared to say that Mr. Edwardes is exactly suitable for the position or that any person who might be chosen to succeed him would be unsuitable, as we have not gone into that question. What Appears to us as essential is that nothing should be done which is, in If, meaningless and which might have the effect abroad of damaging our efforts to re-establish Chin credit."
Text read from the printed page and cleaned; old type leaves the occasional error.