passing through." These are wise words, with which every true friend of China must agree. In the same issue of the Japan Weekly Chronicle—which, by the way, I consider the best weekly paper in the world I find the following (p. 728):—
Mr. Lennox Simpson [Putnam Weale] is quoted as saying: "The international bankers have a scheme for the international control of China. Mr. Lamont, representing the consortium, offered a sixteen-million-dollar loan to China, which the Chinese Government refused to accept because Mr. Lamont insisted that the Hukuang bonds, German issue, which had been acquired by the Morgan Company, should be paid out of it." Mr. Lamont, on hearing this charge, made an emphatic denial, saying: "Simpson's statement is unqualifiedly false. When this man Simpson talks about resisting the control of the international banks he is fantastic. We don't want control. We are anxious that the Conference result in such a solution as will furnish full opportunity to China to fulfil her own destiny."
Sagacious people will be inclined to conclude that so much anger must be due to being touched on the raw, and that Mr. Lamont, if he had had nothing to conceal, would not have spoken of a distinguished writer and one of China's best friends as "this man Simpson."
I do not pretend that the evidence against the consortium is conclusive, and I have not space here to set it all forth. But to any European radical Mr. Lamont's statement that the consortium does not want control reads like a contradiction in terms. Those who wish to lend to a Government which is on the verge of bankruptcy, must aim at control, for, even if there were not the incident of the Chicago Bank, it would be impossible to believe that Messrs. Morgan are so purely philanthropic as not to care
