She does not contemplate "the preservation of China's territorial integrity." She is engaged in carve ing up China's territory and taking over China's administration. She does not propose equality of commercial opportunity among all nations dealing with China. She is seeking to monopolize that opportunity and has already taken effective steps to do so in Manchoukuo. Furthermore, she is seeking to do this by terrorism of the most barbarous kind.
Japan has not even the financial resources which are necessary for colonial) exploitation. They already have been strained to the uttermost by her efforts in Manchoukuo. Before she made the present attack, her credit was impaired, her currency in jeopardy and her foreign trade had been curtailed. The conditions of her industrial workers have become progressively more difficult. Real wages in Japan are nearly 20 per cent. below 1931.
In short, this headstrong little nation, herself on the verge of bankruptcy from her previous adventure in Manchoukuo, is seeking to recoup by a brutal attempt to exploit a population over four times her size and composed of men who are individually as brave as her own people and who are at least their equus in mentality and civilization.
In such a situation what is the forecast for us and the rest of the world? Japan may temporarily occupy large portions of China and force the Chinese masses into her armies for use in making trouble elsewhere in the world. And certainly she can disastrously retard the efforts which China has been making for development in her own peaceful way.
Text read from the printed page and cleaned; old type leaves the occasional error.