'The city editor of the "Morning Post" says that' city circles are regarding the Nanking tive Yuan's decision to take over foreign steamship companies operating in Chinese waters as suggested in a Nanking cable yesterday, They point out that the Yangtze and the coast of China are infested by pirates who are only kept in check by, foreign gunboats. They are of the opinion that Chinese acquisition and control of foreign shipping is unworkable because in face of the unwillingness of foreign interests to sell out the Chinese would be compelled to ro-organize the required shipping themselves and this would take many years to accomplish—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.