China and the International Money Power
By Editor
The charge is openly made that the new republic of China is being "held up" by the money power of the six nations that are trying to make her a loan of $300,000,000. They insist that China shall borrow that much, and that it shall be expended under the direction of an official that the six powers may appoint. In other words, they say that they must still look after the spending of the money after they have loaned it. It is all right for the money lender to know that his security is sound, and he should have confidence in the ability of the borrower to use wisely what is loaned to him; for the principal, with reasonable interest, should be returned. But that is very different from making a loan in such a way as to gain control of the business and resources of the borrower. If other evidence were lacking, this one proposed deal is sufficient to show that we have an international money power that is in full command. The nations must all bow to it.