Those who have known Chang Tso-lin, over-lord of Manchuria, at all well invariably speak of him as an amazingly industrious student, always studying some aspect of life, trade or strategy in the country where his writ runs. One result of this study now seems to be apparent in a proposal he has put forward to establish a great financial institution for Manchuria, to known as the Three Eastern Provinces Bank, to control the currency there. The immediate reason for its establishment is that General Chang objects to the issuance of foreign bank-notes within his jurisdiction and apparently what he has in prospect is an institution on the lines of the Bank of England, able: with government guarantee and sanction to expand and contract the note issue when trade may demand. Knowing Chang Tso-lin's strength in Manchuria one inclines to the view that there more than in any other Chinese region is such a bank likely to fulfil its purpose. The danger is, however, apparent. China is man-governed and not Jaw-governed, and were Chang Tso-lin to make his exit from Manchuria and be succeeded by a weakling, the probability of extreme financial chaos would be great.
Text read from the printed page and cleaned; old type leaves the occasional error.