himself wrote. This outline was originally prepared as a vast plan which could be financed by the great powers, who would thereby find markets for their glut of goods left over by the war. The loan was to be made on terms not unprofitable to the financial powers, but nevertheless equitable to the Chinese. Sun Yat-sen hoped that with these funds the Chinese state could make a venture into state socialism. It was possible, in his opinion, to launch a coöperative modern economy in China with the assistance of international capitalism, if the capital employed were to be remunerated with attractive rates of interest, and if the plan were so designed as to allow for its being financially worthwhile. He stated: Before entering into the details of this International development scheme four principles have to be considered: 1. The most remunerative field must be selected in order to attract foreign capital. 2. The most urgent needs of the nation must be met. 3. The lines of least resistance must be followed. 4. The most suitable positions must be chosen.(307) He was not oblivious to the necessity of making each detail of his plan one which would not involve the tying-up of unproductive capital, and did not propose to use capital advanced for the purposes of the industrial revolution for the sake of military or political advantage. This may be shown in a concrete instance. He spoke of his Great Northeastern railway system as a scheme which might not seem economically attractive, and then pointed out that, as between a railway system running between densely-populated areas, the latter would be infinitely the more preferable. But, said he, “... a railway between a densely populated country and a sparsely settled country will pay far better than one that runs end to end in a densely populated land.”(308) Even though he came to despair of having this scheme for the development of China carried out by international financial action, the expediency of his plans remained. He sought the fulfillment of this outline throughout his life; it has remained as a part of his legacy, challenging the Chinese people by the grandeur of its conception and the precision of its details.