The Archive · 1921

The Flood of Depreciated Copper

The comments in the Chinese Press here have become more and more unfavourable to the Peking Government as its impotency and helplessness in the management of State affairs is becoming more andj morg glaringly apparent every day. The Government seems to be utterly in the grip of Chang Tso-lin and Tsao Kun, leaders respectively of the Fengtien and Chihli parties, without whose sanction nothing can be done. It is manifestly afraid to offend either of these two -men, avho are nevertheless not working in concord, but are intensely jealous of each other. Either is watching an opening to strike down the cther om to reduce him in power, when the whole Government would become a one man's show.

Text read from the printed page and cleaned; old type leaves the occasional error.

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