Business: Private Pact

Having had the Open Door to China slammed in its face by Japan, the U. S. Government has recently tried to jimmy the lock. Fortnight ago it lent China a $25,000,000 credit for purchases of U. S. goods. Last week it extended further credit against Chinese gold held in the U. S. (see p. 16). These gestures, called "dangerous, regrettable acts" in Tokyo, made Japanese and U. S. business interests seem more than ever at cross purposes last week. Yet there was one notable spot of conciliation in this warp & woof of...

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