r the wake of sixteen months of warfare, Japan has carved out certain economic channels here in China.
The exigencies of the conflict have made it imperative, from her point of view, to adopt measures highly advantageous to herself, and expeditious of application.
It is not intended to discuss the wisdom or unwisdom of the present Japanese policy, but rather to hold in review the rapid succession of economic doings that have followed at the heels of her armed forces.
It is desirable to see the thing that is, facing the reality full front, and however disconcerting that may be, to maintain enough equanimity of mind to appreciate counterbalancing possibilities, The Chinese Government, prior to the hostilities, had been installing a system of economic monopoly in every phase of endeavour. The present heir and successor, Japan, is applying the full force of what appears to us to be the heretical principles of state trading. The Japanese people, be it realized, have behind their totalitarian behaviour something a great deal deeper than just authori-tananism. Her case is not that of Other countries which have only recently introduced the principle of extreme restriction of individual liberty to the point of idolatrous exaltation of the state.
Her regimentation, through tradition, has become second nature. Faith in her state's divinity is a genuine belief, fanatical though it may seer {o us—she "knows" herself tobe "superior," a child of the gods, and rests content in that know-
Text read from the printed page and cleaned; old type leaves the occasional error.