The Truth About China And Japan Classic Reprint PDF Download

Excerpt from Japan and China, 1917 Dr. Reinsch said that they were all very happy to welcome in their midst fellow-citizens from the United States, some of whom were directly interested in Chinese affairs. Chinese business methods were only one degree less confusing than Chinese politics. The Chinese business sense was admirable in transactions between man and man, but it rather tended to lose itself in the air where big corporation finance was concerned. Chinese were apt to take credit as an opportunity of getting money and not ability to perform. A year ago a man came to him and said that he had discovered a solution of the problem of Chinese finance. He was not'in authority himself but said that he knew a man who was in authority. He was asked to unfold his scheme, whereupon he inquired whether it was possible to buy silver direct from the United States, which would effect such a saving by dispensing with the profits of middlemen and banks. The man was informed that after all, the saving would not be so enormous. The man's ardour was somewhat cooled but he said he would still do it. How much silver would you buy P asked the speaker. Oh, replied the man. How are you going to pay for it? He was asked. In Treasury notes, he replied But they would never be accepted, he was told. Why not? The man asked. They are perfectly good. China has never once in her history defaulted. Treasury notes are as good as gold. But the miners cannot accept them, it was pointed out. Would it be better, perhaps, continued the man, to have the Treasury notes secured P Yes, it might be so considered, thespeaker told him. What security do you propose? You know the great treasures in our National Museum. We can pledge them as security. You mustn't do that, said the speaker. It is possible that you might not be able to pay and then the treasures will be taken away. That's why we want to do it! You Ameri cans are our friends and we know you would never do it! (laughter.) About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.