A. fow weeks ago.we were informed that the London Stock Bxchange had decided not to quote certain Chinese securities owing! to China's persistent refusal to [pay interest on the German issue of the Hukuang Railway Joan anil default on certain other loans. "The 'Times! of a' little before thnt date' gives some' interesting details of the default on.the two issues of what are technically known as Chinese Eight per Cent. Sterling Treasury Notes. The] larger of the two, that issued originally to Vickers," Limited, consists of an outstanding" prin. ipal of 1,503,200 on which no interest. has been forthcoming since April, 1922. The other issue. known as the Marconi Loan, amounts to £600,000, on which default has existed as and from August, 1921. 'The question of re-[demption will also arise shortly as the first drawing on the Marconi Notes is due to take place in 'August next, and the first draw. ing' on the Vickers Notes should secur in October, 1985. "The Times! goes on to argue that the preliminary conference to discuss matters relating to the 2} per surtax, which China is very anxious to have called, would be suitable time "to press home the need for a settlement of the claims of the noteholders."" We erely hope that nothing of the 1d will be done. Sir John Jordan, it will be recalled, recently protested strongly against any such idea. "In the first place the time has not nearly come to feus the surtax at all, nor wi funtit there icing evidence that the Government in Peking represents the country. In second place, when the surtax ould be for something that will really benefit the country (Washington mentioned the abolition of likin) not. for a of unsectired ica's Mixed Population In his letter, which appears Correspondent to the fact that it was probably of until the Great War that America actually woke up to the very mixed population tha make up her one and one-tenth millions, The awakening came when Americans wore forced to the reali tion that the country, "instead of being a homogeneous whole, was a jumbled-up- mass, of un: digested racial material." Indeed, he. quotes from an American writer who says that it was learned at that time that the country was no longer Anglo-Saxon nor and that in some hero wore indications
iglishespeaking. This may ig aight not continue to be little far-fetcheil, but there can bbe no doubt that the population of America is made up of all sorts and conditions of mon, many of them from the undesirable classes that came into the country 1 swarms about ton years or more ago when unlimited immigration was the advocated order of the day. One thing is. certain, that, ile native Americans have Nov termacried to any. great extent th these undesirable newcomers, in the long run intermixture almost inevitable. Social and tegal restrictions of miscegenation will postpone the evil day, bub when two Faces live side by side they will eventually amalgamate. Propinguity Ieads to miscegenation. We believe that among ans of the true. type the 8 ded with consider. able alarm." Tt is not morely matter of stopping immigration however, because there are already.
"America large bodies of people who are racially incompatible with native Americans, and who Moreover, the death-rate in Ameri.
rapidly replacing the latter.
fea confinees to. increase. while the birtherage continues to decline, Ang. statistics show that the pro: motion of the true Americans into upper class, resting. upon Strata' of aliens' of lower. staad-Ards, ig having the elect of reduc. ing "the native. American birth: rate in 1017 the literacy est wag. passed over President, Wile son's eto by a vote of 287 to 106 in' Congress, anda vote of 02 t0 10 inthe Senate. 'The presen' Taw was passed by a vote of 278 fo 22 inthe Howse and 73 to T in the Senate, But the difficulty, pears, ig not in passing Isgistation' when once before Con-res, but in Jormulating the Ime,
cerned. not only fe opposing For thera aw Tage Haters con: ther restrictions but. in breaking down' and making unpopular isting laws.
Text read from the printed page and cleaned; old type leaves the occasional error.