Was easily defeated and took refuge in the Dutch Legation, as act of hospitality which other Legations have since duplicated and which has been a source of constant mischief to China, Li Yuanchung could not resume the Presidency and Feng Kuo-chang, the Vice-President, came up to Peking to take the post. 'Tuan Chiiwi was again Premier, and now. Tuling without Parliament, controlling a weak President, to a. certain extent a heroic' Sgure who had saved the Republic, he was able to declare war on Germany on August 14, 1917. For months following this act, even after Feng Kuo-chang had' been succeeded by Hus Shot-chang, Pekine was constantly being startled by now loans for war participation, for wireless, for all sorts of development and reorganization schemes, These unsecured loans have become 8 serious problem to the lenders as well as to China, for the coterie about Tuan Chi-jui, having received these reds of millions of saw to it that, mone of the money reached the national treasury. In an ineredulously short period all this money was dissipated. China has since paid neither interest nor principal fon any of these loans, which are the most serious problem facing the forthcoming Tariff Conference.
Feng Rue-chang, weak and deere pit, was nevertheless wily. He realized that the most serious
Text read from the printed page and cleaned; old type leaves the occasional error.