Every day for over a week thers has been a run on all the banks except the Young Bros, and the Bank of China by people who have Paper notes and wish silver coins of some kind in exchange. The theory seems to be that, whata happens, silver coins will always have some value while this cannot be said for the paper money, But the people are forced to take what if serious 8 are on So we now have big doll old "and big dollars new, half dollars from the govern mint and half dollars that are not accepted as the rate of exchange into coppers varies from day to day but most consistently in a downward direction, Owing to the diticulty in distinguishing the good and the bad coins rates of exchange on Shanghai vary from par for the old silver dollar to a premium of over 100 per cent, for the new coins, The celebrations over the victories of the southern armies passed off very quietly and without incident." Late on the evening of the 29th the Educational Bureau sent out a notice for a holiday on the 80th but it came so late that many schools did not observe it at all, "There has been no sign of any tempt to create anti-British fecting.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.