The Archive · 1941

Fixing Up U. S. Loan to China

The photograph shows Mr. Henry Morgenthau, the U.S. Secretary of the Treasury, and Mr. T. V. Soong, representing China, seated, signing the agreement for a U.S.$50,000,000 credit to China, Behind stands Dr, Hu Shih, the Chinese Ambassador to Washington "Japan Times" Article on Pacific Situation Flayed Tokyo, May 26. week" today published an editorial caustically criticizing an the heading "Wasted Opportunity" the "Japan News article published last week in the "Japan Times and Advertiser" by Mr. Toshi Go, the "Times" president, dealing with the tense Pacific situation.

The "Newsweek" declared.

"It is} garding alleged property losses in-dim cult to conceive of more volved in the campaign "as it is imunfortunate article from the stand- possible to see how Mr would point of Japanese interests. From hope to advance Japan's the start fo the finish it explains' Americen mind without disposing of this country's attitude chiefly by these protests. One is driven to the making accusations against the! conclusion that Mr. Go. in common American Government which is not with the Japanese public. has no supported by a citation of the facts. option of the specific ascus "It defends Japanese contiüental|for American unfriendliness. activities. first. buting them "It is unfortunate also that no to national requirements for raw|attempt was made to support the materials, then by attributing them rhetorical accusations by giving data to pure altruism: In other words, Mr. Go presumably "It drags the customary Tripartite has no idea how freedom of the Pact red herring' across the press operates in America and how of the Pacific difficulties. It con-easy it is for American magazine viers America of the full respon-readers to disprove. or at least to sibility for every dispute that has! find a counter-argument to such arisen and it discovers that the only unsupported statements of a general hope of averting conflict lies in nature." appeasement by—America—more The "Newsweek" declared that Mr. specifically restoration of the Treaty Go' accusation that the United

Text read from the printed page and cleaned; old type leaves the occasional error.

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