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 whether they get any interest on their money or not,
although emissaries of the consortium in China have spoken as though
this were the case, thereby greatly increasing the suspicions of the
Chinese.

In the _New Republic_ for November 30, 1921, there is an article by Mr.
Brailsford entitled "A New Technique of Peace," which I fear is
prophetic even if not wholly applicable at the moment when it was
written. I expect to see, if the Americans are successful in the Far
East, China compelled to be orderly so as to afford a field for foreign
commerce and industry; a government which the West will consider good
substituted for the present go-as-you-please anarchy; a gradually
increasing flow of wealth from China to the investing countries, the
chief of which is America; the development of a sweated proletariat; the
spread of Christianity; the substitution of the American civilization
for the Chinese; the destruction of traditional beauty, except for such
_objets d'art_ as millionaires may think it worth while to buy; the
gradual awakening of China to her exploitation by the foreigner; and one
day, fifty or a hundred years hence, the massacre of every white man
throughout the Celestial Empire at a signal from some vast secret
society. All this is probably inevitable, human nature being what it is.
It will be done in order that rich men may grow richer, but we shall be
told that it is done in order that China may have "good" government. The
definition of the word "good" is difficult, but the definition of "good
government" is as easy as A.B.C.: it is government that yields fat
dividends to capitalists.

The Chinese are gentle, urbane, seeking only justice and freedom. They
have a civilization superior to ours in all that makes for human
happiness. They have a vigorous movement of young reformers, who, if
they are allowed a little time, will revivify China and produce
something immeasurably better than the worn-out grinding mechanism that
we call civilization. When Young China has done its work, Americans will
be able to make money by trading with China, without destroying the soul
of the country. China needs a period of anarchy