A newly-arisen and most spee grown Oriental Power eclipse the instant the work here of -all the rest. With a volcanic spirit of independence, this Far Eastern people takes upon itself to decide the destiny of vast and age-old China. Time only ean prove how much of ihis task of large dimensions may be accomplished. If Japan is capable of achieving such a thing in its entirety single-handed, ther Shanghai, as it was constituted in the past. will totter to the ground, and something entirely new will fill ts place.
It is this very possibility—remote or otherwis¢—that i roundly to be judged and which is of paramount concern to all of us, Chinese and foreigner alike. The forming of a considered opinion to a definite con-ion shall serve as guide to that policy first-mentioned on which is to be cast the businessman's future lot here The question of questions then for us is how much of central China come under the domination of n? In the opinion of the best Underneath it all
Text read from the printed page and cleaned; old type leaves the occasional error.