Word: loss
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Dates: during 1930-1939
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Sabotage on the Squalus was ruled out by the weight of testimony against the air valve and signal mechanisms. The Squalus board, of course, had no word to say about the British Thetis and French Phenix, whose loss naval officers attribute to the accepted fact that submarines are innately dangerous craft, which by the laws of probability should sink more often than they...
...good Chinese generals, notably Li Tsung-jen and Pai Chung-hsi of the crack Kwangsi army, who might carry on. But the death of Chiang might mean a short period of struggle for power within China. With such a struggle for power going on, Japan could terminate hostilities without loss of Face...
...they can permanently cut off Tientsin, the Japanese may be able to suppress one of the most troublesome of the black bourses where Japanese currency is bought and sold at a discount. This is not only an economic disadvantage but a loss of face. But even if the Japanese are able to clear the money-changers out of Tientsin, there remain Shanghai and the illegal black bourses in Tsingtao and other Chinese cities in which there are no foreign concessions or settlements. And if Shanghai were seized the legal black bourse could move to British-owned Hong Kong...
This wealth cannot make up for the loss of the industrialized China coast. Nor can enough war material reach China by difficult caravan routes across the great deserts from Soviet Asia. But under stress the newly nationalist Chinese have done what no other people have ever done: they have picked up their factories-as a Biblical character once picked up his bed-and walked. Industrial equipment valued at $100,000,000 Chinese (U. S. $3,448,275) was removed from Shanghai in the early days of the war. That was only a beginning of a great industrial and cultural migration...
...from the fading of spring's normal crop scare news. The wheat crop will be short, but 1938's prodigious carryover (153,537,000 bushels, which will reach an estimated 275,000,000 bushels in a month) is hanging over the wheat pit, giving farmers a double loss through a low price on a small crop...