We are witnessing this day evolutionary changes that are, of a verity, spectacular, Gold has been dethroned. The might and the glory, hedging this once constitutional monarch, are dimmed, he is brought down from his high place, and, in a sort, a "fresh perfection" supersedes him.
What is the "fresh perfection," in what way has the gaudy" monarch failed us and what of the future?
Particularly of interest to a large number of us in Shanghai and China are the answers to these questions, because the two great peoples of China and Japan are, one with the other, at death-grips; the plague in human relations, that visited the Occidental world which these Oriental neighbours had escaped a quarter a century ago, has befallen them now in all its ghastly virulence. Where possible, a natural flight from the Chinese dollar to foreign currency has in consequence taken place. Liquid surpluses here, in large amount, have sought refuge in the money-media of other nations. On that very account the man-in-the street must" have understanding and guidance as to how he stands vis-d-vis those other currencies,
Text read from the printed page and cleaned; old type leaves the occasional error.