Show CELESTIAL KINGDOM ON VERGE OF BANKRUPTCY Methods Must Be Revolutionized in China Says ial Commissioner Sh Sharretts Special SA SAN FRAN FRANCISCO Sept 13 Speaking Speaking of or the commercial outlook In the Orient Gen Con T T. T S S. S Sharretts the United States Stale Commissioner who recently aided aided aided aid aid- ed In framing a new tariff for China and who Is now here en route to Washington Washington Wash Wash- ington Inston saIl said t I Reform l Is urgently needed In the financial finane policy of China Chinn and Its methods methods methods meth meth- of mann managing financial affairs I rs especially In collecting revenues As As matters matter stand American trade with China Is of ot little Importance and anzi will never amount to much under the proposed new tariff or under any tariff The collection of or the Governments Government's revenues Is placed In the hands of oC middlemen middle middle- men or thieving thle If you OU will who permit about aboul 10 per cent of oC their collections collections collections col col- to reach rench the Government Go China Is on the eve of or bankruptcy and unless unless un un- un- un less the tho po powers overs get set together and force the country Into revolutionizing re Its methods within the time next ten years r e there will be an awful crash in the far East China will appear In the deplorable role of ot defaulting In her het payments of or in- in to the treaty powers and add the division dl of or the Chinese empire among the big world 10 po cr ers will III surely follow Mr gate ve It as his hll opinion that China would attach her signature to the new tariff h before COIe long Mr tr Sharretts was os Instrumental In preventing the signing sl b by ChIna of or the proposed new British commercial l treaty which h by providing pro for 01 an nn abolition of or the tax and an nn Increased ed duty on all Imports Im ira- ports he says would have ha Injured American trade with China |