Monday, August 5, 2013

End Of The Chinese Revolt.

New York Times 100 years ago today, August 5, 1913:
    The people of Canton, according to the latest dispatches, are rejoicing over the final collapse of the Southern rebellion In China. The Northern army, better armed, better trained, and — most of all — better fed and paid, has steadily advanced, pressing the insurgents at every point. All but one of the provinces that had declared their independence are reported to have rescinded their action and submitted to the authority of the Provisional President.
    The dispatches add, significantly, that the chief remaining source of trouble for Yuan Shih-kai will be the looters. Practically, according to the best authorities, that has been his chief source of trouble from the first. The "armies" of the South have largely been recruited from the disbanded and often unpaid soldiers of the first revolution, who found marauding a more congenial occupation than their ordinary industries. Yuan has been able to deal with their combined forces more readily because he could get at them in larger bodies and scatter or destroy them by the organized methods of semi-modern warfare. How well he can perform the task that remains will depend a good deal on how much money he can borrow. The revenues of the Peking Government have greatly fallen off, and will not be increased again until and unless the Government can maintain a fair degree of order. That, however, is an object for which the financiers of the world can afford to invest a considerable amount of money. It will be the work of the Governments of the Powers to fix conditions as helpful as may be. The immediate future of China depends now upon the loan market and on the Governmental policies that influence that market.

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