Yung-hsiang would not, however, satisfy Sun Ch'uan-fang. If he wera to cede his position in PFukien to Wang Yung-chuan on condition of the latter's loyal adference to the Loyang cause, he would have either to make a place for himself in Chekiang or make the best of his way back through Kiangsi to the Yangtze, thereby confessing the complete failure of his expedition into this quarter of China. Lu Yung-hsiang's invasion of Fukien, therefore, can only.be interpreted as a desperate gamble involving very big stakes—the first being his hold upon Shanghai and the second his control of the province of Chekiang.
Text read from the printed page and cleaned; old type leaves the occasional error.