1912–13 Volume 37 No 1–5 - Phi Delta Theta Scroll Archive

THE SCROLL 131was settled again. But somewhere, somehow the little Balkan nationsfound the money for the war or went to war without moneyand the money brokers of the European capitals had their firstlesson.Comes now the baby republic of the world and asks for a loan totide the affairs of that troubled nation over the days of reconstruction.Forgetting the pride and dignity of the Chinese statesman, the internationalbankers, prompted by the foreign offices of the greatnations, imposed conditions so obnoxious that China declined theABRAHAM WENDELL JACKSONCalifornia. '74loan. China was asked to take more money than ghe could use andit was demanded that the Chinese revenues be supervised by an auditorprovided by the bankers. With debts pressing and the countrynot yet adjusted to the usages of a republic, China could not seevery far ahead. Familiar with the affairs of China from his residencethere and having some knowledge of finance from his connectionwith great engineering enterprises, it did not take long for A,Wendell Jackson to recognize the opportunity for a coup that wouldbe a real service to China and a great conquest. Arriving in Londonwhen the situation in China was becoming acute Mr, Jackson promptlysent a message to Chinese officials that he would furnish the fiftymillion dollars needed by China and on such terms that China