Word: genoa
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...these conditions? They have constantly refused to acknowledge their debts, and their financial situation is such that there seems to be little hope for any immediate economical reconstruction. Then, too, there is the question of the communistic confiscation of property--one of the most difficult problems that the Genoa conference is now facing. It is beyond reason to expect American shippers to reestablish trade relations with Russia with the Bolshevist blockade still in operation. Russia has nothing to offer, her credit is no good, and the risk incurred by the shipper is too great...
...Soviets' delegation at Genoa, through Comrade Rakowsky, has given an ingenious explanation justifying Russia's confiscation,--or "expropriation", to use the preferred Bolshevik term,--of allens' private property Pointing to the right of eminent domain exercised by all "bourgeois" governments, they declare that under the Russian scheme the same result is obtained, merely in a different way; for instead of paying for the property, it is merely nationalized, "given to the people",--which, they say, is obviously the same in the end as direct compensation...
...this trivial difference over phraseology, at least according to the Russian delegation, which has caused no end of trouble at Genoa. The Communist, who never admitted the right of private property in the first place, cannot understand how anyone can find anything extreme or unreasonable in "expropriation". When the other members of the family of nations demur, and refuse to allow their citizens in Russia to suffer by this piece of Bolshevik logic, M. Kakowsky and his colleagues assume the attitude of injured innocence...
...initiative and enterprise exhibited by the firms taking part in the experiment is most encouraging, particularly in the confidence which it shows in European reconstruction. "The best way to resume is to resume" and England has apparently grown tired of waiting for Genoa "or any other creature" to smooth the way. If the British merchants continue their activity at this rate American manufacturers will not have to be bothered by foreign trade at all, but can remain comfortably behind the bars of protective tariff...
While the attention of the world is fixed on Genoa and its diplomatic contests, China is undergoing a political upheaval which may substantially change the situation in the Far East. The center of the storm is the Manchurian General, Chang Tso-Lin, who has just seized Pekin and Tientsin, driven out his rivals and practically gained control of Central as well as Northern China...