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Show ORIENT FIELD FOR AMERICANS ; LT SAYS Far East to -Become Outlet for U. S. Manufacture and Enterprise NEW YORK. Sept. IS, The Far Last bids fair to become the greatest foreign outlet In the world for American Ameri-can manufacture and enterprise. If 1 properly developed by our business I men and investors, declared Thomas I W. Lament, of J. P. .Morgan ft Company, Com-pany, today, following his return from ! the Orient where he participated In . formation of the new consortium to place China on a firmer economic ' foundation. His address was delivered before the American Manufacturers association. I Kuropen nations have learned. he Isald. that the policy of the warship and grab'' Is outworn and that they I can best serve th'lr Inteic and I those of China by stopping the race I for concession and by adopting plans of co-operation. UD FOB iiin Financial assistance Is to be given (China by the new consortium, com-! I posed of strong banking groups In Great Britain, Franco, Japan and the j I'nlted States'. Mr. Lament declared the consortium was formed on the Ameri in basis of a free and full part-nerahlp," part-nerahlp," and thought it BhOUld stabilize stabil-ize China, which was said, was looking look-ing to America as "her guide, her Counsellor and her friend " ""A great system of railroads must ! be built over there." lie said, point-' point-' log qui China would recpilre consld-able consld-able American steel, bridges, equipment, equip-ment, farming implements, cotton mill and mining machinery7, and machine 1 ! making tools. 1 Mi l Ul V RH 11 ( tHATUV, "To keep A Ort.OOO.oOO people supplied sup-plied with moving picture shows." he added, "will be quite a task even for a niertcans " Siberia is In need of American ma- ( ehlnery and methods," he continued. I "as well as men .Who would develop' lts rich agricultural, timber and mln- iing resources. It Is readily able to support 1 mi. iion. 000 persona, though Ills present population is only 13,- 111,1 bpd j ""The Russian Soviets have gained ;a foothold there but the Simon-pure 1 brand of 4iolshe.-m has iot flour-' flour-' ished. The people of Siberia are already al-ready landholders " Japan n oommerclAlly handicapped. Mr. Lamont said,- hy the policy of I (Continued on Page Thirteen.) 1 (Orient Field for Americans Lamont Says (Continued from Page One) the so-called military pari. wh'oss philosophy of force clashes with tha liberal Ideas of Japan's manufacturers, great merrhants and bankers JAPAN HANDICAPPED The business men believe their nation's dcselopmc-nt should be ulonu lines of peaceful trade and the cultl- vatlon of good will, while- the military party "which of recent years has been -j- vr strong as almost to constitute an actual super-government, still thinks the world Is ruled by force rather than by Ideas. "At the present time this poliev. which has rrultcd In tremendous taxation tax-ation to maintain the army and navy, will prevent American co-operation on B large male In developing Japan's Industries." Referring to thn immigration difficulties diffi-culties with Japan Mr. lamont thought the United States ought to be able to devise a formula that would meet th" View of California and a( the same time measurably satisfy the Japanese. |