The development of the etisis in the North continues to throw on citizens of Shanghai the heavy sponsibility of exercising the greatest prudence ud caution in the light of Mls special cosmopolitan and inter-ational position, Tt has been noted with satisfaction that, thanks to the Umely ce-operation of the Chinese and Japanese authorities, a great measure of calmness has happily marked the successive days of anxlety, There is no doubt that the Government at Nanking has set ood example. The absence of: furry and excitement has engendered confidence which the markets. have well reflected, considering the. severity of the upheaval. During the Sian affair last December the Government acquired the faculty for proving its composure in a time of stress and came out of the ardea with ils reputation enhanced, That: has perhaps accounted for the ad-: mirable way in which Shanghai hus stood the strain, Now that graver events seem Likely to force them selves on public attention, it is alt the more desirable that the restraint of tolerant citizens in an internation al community should be upheld. is hoped that from no quarter will unconsidered emotion be developed to expose the community to the danger of a sudden passion. Nows of reported Chinese successes naturally caused rejoicing in Chinese style to the disturbance of July 28's atmosphere and tympana\ but fortunately ttle else, It is urged that such ebullitions should be discouraged in the interests of general amity, especially as they often, as past experience shows, run the danger of being Premature or ill-founded. Chinese, Japanese and other nationalities here li have to live in peace with one another, whatever may be happening, In the China outside. Let that thought be the community's guide for the present emergency as it develops, 4
Text read from the printed page and cleaned; old type leaves the occasional error.