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happen to trade in China. At the outbreak of the Japanese
war, my own companies bad about 2400 employees in China.
We
have never since the war gotten up to more than about 800
employees. Trade is very difficult at the present time, but
we shipped 10 days ago a power plant for Yu Fund, a cotton
mill down on the Yangtze, up to Tientsin. The thing is
there and we have received the dollars and I would be
inclined to think that that would be a legitimate sort of
thing to undertake and do. We likewise received an order
last week with corresponding dollars from Kunming and I
won't tell you the name of the customer because somebody
will tell my competitor, but some trade is going on. It is
a mere trickle and I think it would be highly undesirable to
cut that trade on private account or to discourage it, and
I think it would be ineffective to discourage it as I don't
believe it would obtain a political objective of any greater
security for the US or following any objective of the US
there,
As to Japanese-Chinese trade, I also have some pretty
positive ideas. I had a long talk with General MacArthur
and we have decided we would not take back at the present time
our investments in Japan. A portion of that is due to US
policy. US policy is not sufficiently clear for us to have
any expectancy that we would not be sticking our neck out
under a guillotine if we did that. The companies with
which we were associated in Japan rose to approximately
100,000 employees during the war. When I was there last
year it totaled 34,000 employees and they have now got,
perhaps 25,000. They have been ordered by the new law that
has gone through of de-concentration of industry, to divest
themselves of 27 of their 41 plants. They have been ordered
by the law, which was put through by Americans going around
to the Diet and telling the Diet that it should be put
through, to likewise sell machinery and go out of business
in certain particular lines. They had been ordered in
accordance with the law of Japan, which the Americans have
not been wholly oblivious to and have had some irons in
the fire in putting through, not to have interest in any
: ARCHIVES "NATIONAL RECORDS SERVICE" AND
other companies, and the new ideas the US Government has
cortiness
been insisting on in Japan have unfortunately been a
deterrent to many of us to go in.
General l'ac/rthur was kind in inviting me to come
out there, writing a letter asking us to come with our
technology, was very kind in expressing appreciation, and
when I gave 3.1 interview indicating I thought the situation
was
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Context sent to Scholar
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"ocrText": "the 121 -\nhappen to trade in China. At the outbreak of the Japanese\nwar, my own companies bad about 2400 employees in China.\nWe\nhave never since the war gotten up to more than about 800\nemployees. Trade is very difficult at the present time, but\nwe shipped 10 days ago a power plant for Yu Fund, a cotton\nmill down on the Yangtze, up to Tientsin. The thing is\nthere and we have received the dollars and I would be\ninclined to think that that would be a legitimate sort of\nthing to undertake and do. We likewise received an order\nlast week with corresponding dollars from Kunming and I\nwon't tell you the name of the customer because somebody\nwill tell my competitor, but some trade is going on. It is\na mere trickle and I think it would be highly undesirable to\ncut that trade on private account or to discourage it, and\nI think it would be ineffective to discourage it as I don't\nbelieve it would obtain a political objective of any greater\nsecurity for the US or following any objective of the US\nthere,\nAs to Japanese-Chinese trade, I also have some pretty\npositive ideas. I had a long talk with General MacArthur\nand we have decided we would not take back at the present time\nour investments in Japan. A portion of that is due to US\npolicy. US policy is not sufficiently clear for us to have\nany expectancy that we would not be sticking our neck out\nunder a guillotine if we did that. The companies with\nwhich we were associated in Japan rose to approximately\n100,000 employees during the war. When I was there last\nyear it totaled 34,000 employees and they have now got,\nperhaps 25,000. They have been ordered by the new law that\nhas gone through of de-concentration of industry, to divest\nthemselves of 27 of their 41 plants. They have been ordered\nby the law, which was put through by Americans going around\nto the Diet and telling the Diet that it should be put\nthrough, to likewise sell machinery and go out of business\nin certain particular lines. They had been ordered in\naccordance with the law of Japan, which the Americans have\nnot been wholly oblivious to and have had some irons in\nthe fire in putting through, not to have interest in any\n: ARCHIVES \"NATIONAL RECORDS SERVICE\" AND\nother companies, and the new ideas the US Government has\ncortiness\nbeen insisting on in Japan have unfortunately been a\ndeterrent to many of us to go in.\nGeneral l'ac/rthur was kind in inviting me to come\nout there, writing a letter asking us to come with our\ntechnology, was very kind in expressing appreciation, and\nwhen I gave 3.1 interview indicating I thought the situation\nwas"
}