the Editor of the Nonru-Cutwa Dany News"
Sin—Your leading article to-day is much to the point, In case your Teaders may not appreciate the mentality Of some property-owners, T Send herewith the text of the new clause which is being egregiously resented for the tenants' signature:
The Dollar herein referred to means and for all purposes. whatsoever shall Be understood te be 2a00es grammes of pure sliver. (1000 fine) and the Lessor shall be entitled to "receive egal tender in Shanghai as repre-full silver value of the minal amount. of each respective payment "and. accordingly every Dollar comprised in. the nominal Amount of each and every such Pay ment shall be treated as representing {the price In Shanghai In such cure rency as aforesaid. might be suggested to the Lessor's" employees, if any, that they should adopt this specimen of draftmanship in variation of their 51) salary contracts, paratively low. This phenomenon is simply explained: nancing rates abroad are very _low—furthermore, even the mast capitalistic of coun: {ries are socialistic enough to impose handsome taxes on this type of in-Jeome derived from financing property.
[Shanghai, May 23.
Text read from the printed page and cleaned; old type leaves the occasional error.