itoment and—_ nervousness among the Chinese were best shown by the fact that the dollar rose in value as against the tael. At the opening on Thursday dollars were quoted at 93, while last Friday they were 73.8, and it is said that they would have gone higher but for the fact that one of the Chinese banks disposed of a lakh. As a matter of fact, however, they have been as high as 74 during the past two days.
Telegrams were last Friday despatched by prominent Chinese organizations to Tuchun Li Shun, of Kiangsu, Tuchun Lu Yung-hsiang, of Chekiang, and General Ho, Commissioner of Defence at Lunghua, making what is practically an, appeal for peace, The bodies concerned in sending the telegram were the Native Bankers Guild, Gold. Merchants Guild, Silk Merchants Guild, Tea Merchants Guild, Chinese Cotton Millowners, Association, Foreign Piece Goods Merchants: Association, Foreign Sundry Goods Merchants Associa tion, Metal Merchants Guild, Coal Merchants Guild, Timber ' Merchants Guild, Silver Smelters Guild, Flower Merchants Guild, Egg Traders Guild and_ Chinese Bankers Association. The telegram was as follows: "Since the sudden fal] in exchange the Shanghai merchants have suffered to a great extent. Their hardships are doubled by the scarcity of the rice now available. Should there be any warfare, the people would be driven to distress unimaginable, "Your Excellencies have so far maintained the peace and good order of the two provinces, Kiang-ssu and Chekiang, and served both Th the Government and people faithfully. Surely there wil' be no untoward action on your part. There have. however, arisen rumours, and we have earnestly to appeal to you to take a very calm attitude towards the same by not all z troops to move from the original places where they are stationed. This is the only way to stop rumours and to reassure the people."
Text read from the printed page and cleaned; old type leaves the occasional error.