The success of international cooperation at Shanghai has been brought about by the fact that, because the British landrenters have always been in a_ considerable majority, the control of the administration has been automatically vested in British hands; the little State has thus enjoyed the benefits of a continuous policy and a recognized directing authority. If the day ever comes—and the Japanese are moving heaven and and earth to attain it—when the control of the administration becomes a bone of contention between seriously divided national factions, the doom of the Model Settlement is sealed. The ideal of the League of Nations, based on a community of sentiment, may be admirable in theory, but its successful application involves the necessity of recognition by all concerned of a common interest and an authoritative executive, It is on the rock of imaginary—equal rights that the good ship Utopia goes to pieces.
Meanwhile Shanghai, having 1,- 100 British votes on its landrenters' list, as against 300 Japanese, 230 Americans and 150 Germans, still steers its prosperous thunder of a world at war or the clouds of political strife that gather on the near horizon. How prosperous that course has been since 1913, he who runs, may see;
Text read from the printed page and cleaned; old type leaves the occasional error.