Word: nationalist
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Dates: during 1920-1929
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...Disbandment Bonds," secured by a lien on customs revenues, will be issued within the next fortnight, are earmarked to be retired by the Nationalist Govern-ment "within 100 months" (eight and one-third years...
...northern frontiers China seemed girding for war last week (see below), but 1,200 miles to the south a victory for peace was scored by the famed House of Soong, the Chinese bankers who hold the purse strings and often dictate the policy of the Nationalist Government...
...Invasion of Manchuria by 10,000 Soviet troops with 30 field guns" was reported in an official Chinese communique. Simultaneously at Washington the Chinese minister, bald, bland Dr. C. C. Wu, announced that the Nationalist government was rushing 60,000 troops "to protect our territory from violation by Russia." Fast as cables could flash the Soviet war office at Moscow denied invading Manchuria, denounced the Chinese communique as "a malicious invention to screen Chinese attacks...
...thrashed out between Soong and Chiang, the banker's principal grievance had to do with the conqueror's reluctance to cut down Nanking's stupendous military forces. Today Nationalist China has the largest standing army in the world, though by no means the most effective. A rabble nearly 1,500,000 strong are the soldiers of Nationalism, nondescript, ill-drilled, often ragged. Some of their commanders are hired bandit chieftains, others are feudal "War Lords" left over from previous regimes. The cream are spruce, young, "intellectual" Nationalist generals. But the whole motley gang have costly appetites...
Recently the leading Nationalist commanders were summoned to a "Disbandment Conference;" reached tentative agreement to cut the military establishment from 1,500,000 to 800,000 men. Last week however, Banker Soong charged that the militarists were making just as heavy demands on the Finance Ministry as ever. They would not consent, he declared, to abide by any fixed budget. He had offered to provide them with $6,500,000 per month, but they would not budget even on that generous basis. For a Soong and a banker there was only one alternative. In his long, closely reasoned letter...