CHINA: Spring Maneuvers

A dog invests in a buried bone. A peasant invests in a silver filled stocking. A fool invests in wildcat stock. But a Manchurian War Lord invests in munitions. Chang Tso-Lin, sitting at Mukden, took inventory of his assets. He decided to diversify and strengthen his holdings by new purchases. He prepared for Spring "maneuvers." So he bought a shipload of French munitions. He tried to buy a few warehouses full of Italian arms which were encumbering the vicinity of Peking, but negotiations fell through so he sent to Holland and bought...

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