Japan can thus cause immense loss to all nations commercially intereste in China, and for a time she may make herself a stronger military power than she is at present, causing great danger in the North Pacific, with possible threats to our own interests. military leaders cherishing grandiose ambitions for conquest.
To such imperialist leaders the depression of 1930 brought opportunity. In September, 1931, defying the civil leaders of their own government, the Japanese Army seized Manchuria.
Text read from the printed page and cleaned; old type leaves the occasional error.