Mr. Arnold pointed out what ne declared is already a two-fold loss in commerce with China, suffered by America through Japanese war measures and forecast even greater losses if the Nipponese armies are victorious.
"After the Japanese marched their armies into Manchuria we were assured that the open door' policy would be restored,"he said. "Judging by what has happened to our trade in those areas, we must conclude that this Japanese open-door is a two-fold ffair. Upon one fold is the word in'. It is reserved for the Japanese. On the other fold is the word out.'
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Text read from the printed page and cleaned; old type leaves the occasional error.