Chairman. I can not permit the opportunity to pass of saying that I for one am growing weary of sidestepping the Japanese question. I do not close my eyes to the ever darkening shadow of this Asiatic peril. I do not mean the shadow of grimvisaged war. for I think that phase of the situation is much exaggerated. I mean rather the menace of the industrial war which. unless we take steps to prevent it. is inevitable as a result of the industrial awakening among the teeming millions in the Orient who are responding with alarming rapidity to the touch of the spirit of this progressive age.