MEMORANDUM
... "The breach between the United States and Germany is no concern of ours. But the Government suddenly severed diplomatic relations with Germany and is now contemplating entry into the war. This is to advance beyond the action of the United States which continues to observe neutrality. And if we analyse the public opinion of the country, we find that all peoples—high and low, well-informed and ignorant—betray great alarm when informed of the rupture and the proposal to declare war on Germany, fearing that such a development may cause grave peril to the country. This war-policy is being urged by a handful of politicians, including a few members of Parliament and several party men with the view of creating a diplomatic situation to serve their political ends and to reap great profits.
"Their arguments are that China—by siding with the Entente—may obtain large loans, the revision of the Customs Tariff and the suspension of the Boxer indemnity to Germany, as well as the recovery of the German concessions, mining and railroad rights and the seizure of German commerce. Pray, how large is Germany's share of the Boxer indemnity? Seeing that German commerce is protected by international law, will China be able to seize it; and does she not know that the Kaiser may in the future exact restitution?