Peking, Oct. 19.
Politics in "the Government schools have given rise to a new student revolt in the University which resulted two days ago in the purely perfunctory resignation of all the University heads. A recent ruling by Mr. Tsai Yuan-nei forced all students to pay for the printed copies of lectures, The students refused to pav and went on strike, whereupon the professors resigned. The day before vesterday there were no classes but yesterday work was renewed on some sort of a temporary arrangement. It is explained by neutral professors that this student demonstration was not really inspired by an objection to pay the nominal charges for the printed. lectures but was a_ rebellion against the autocracy of Tsai Yuan-nei promoted by enemies in the Hicher Normal School. What is known as the University cliane, headed by Tsai Yuan-nei, Hu Shih and Li Shou-tsang (who are also the leaders of the so-called Communist faction). has been trying to extend its influence so that it could control appointments and educational policy in all of the eight Government colleges in Peking. The conspiracies of this clique recently succeeded in the Bieber Normal School where a student revolt ousted the President. The authority of the cliane is not unchallenged in the Hicher Normal School. however, and it is claimed that this present revolt in the University is a reprisal upon it. opened its branches in Indo-China and not in China?—All the creditors of the Banque Industrielle in Indo-China are foreigners who perfectly understand the position of the Societe Francaise and have requested its immediate opening, whereas most of our creditors in China are Chinese, some of them uneducated people and it might be very difficult to make them understand the legal difference between the Banque Industrielle de Chine and the Societe Francaise da Gérance. Accordingly we might fear that the opening of our doors would be followed by a rush of claimants, and to prevent such a rush we must undertake a kind of propaganda work. I must, however, say that our Chinese friends, particularly the Chinese bankers, ter. have greatly helped us in this mat-
When do you think this propaganda work can be deemed to be sufficient?—Our (real efforts have already bean sufficient. Consequently I am_ preparing circular letters to send to all our creditors in China, to foreigners as well as Chinese. These circulars will confirm all I have told you about the Societe Frangise de Gérance, and will make known the date of its opening in China, which will certainly not be much after November 1.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.