Though I had anticipated something of the sort three days ago [see note of April 28 previously quoted], I had unconsciously cherished a hope that the President would stand to his guns and champion China's cause.

He has failed to do so.

It is true that China is given the shell called 'sovereignty,' but the economic control, the kernel, is turned over to Japan.
"However logical may appear the argument that China's political integrity is preserved and will be maintained under the guaranty of the League of Nations, the fact is that Japan will rule over millions of Chinese.

Furthermore it is still a matter of conjecture how valuable the guaranty of the League will prove to be.

It has, of course, never been tried, and Japan's representation on the Council will possibly thwart any international action in regard to China.
"Frankly my policy would have been to say to the Japanese, 'If you do not give back to China what Germany stole from her, we don't want you in the League of Nations.' If the Japanese had taken offense and gone, I would have welcomed it, for we would have been well rid of a government with such imperial designs.