For we have to remember that in a country in which the thoroughly English doctrine of laissez faire has been so long practised that it has become second nature, and in which the philosophic spirit is so undisputed that the pillars of society are just as much the beggars who beg as the rich men who support them, influences of a peculiar character play an immense role and can be only very slowly overcome. Passivity has been so long enthroned that of the Chinese it may be truly said that they are not so much too proud to fight as too indifferent,—which is not a fruitful state of affairs. Looking on the world with callous detachment the masses go their own way, only pausing in their work on their ancient Festival days which they still celebrate just as they have always celebrated them since the beginning of their history. The petty daily activities of a vast legion of people grouped together in this extraordinary way, and actuated by impulses which seem sharply to conflict with the impulses of the other great races of the world, appear incredible to Westerners who know what the outer perils really are, and who believe that China is not only at bay but encircled—caught in a network of political agreements and commitments which have permanently destroyed her power of initiative and reduced her to inanition. To find her lumbering on undisturbed, ploughing the fields, marrying and giving in marriage, buying, selling, cursing and laughing, carrying out rebellions and little plots as though the centuries that stretch ahead were still her willing slaves, has in the end become to onlookers a veritable nightmare. Puzzled by a phenomenon which is so disconcerting as to be incapable of any clear definition, they have ended by declaring that an empty Treasury is an empty rule, adding that as it is solely from this monetary viewpoint that the New China ought to be judged, their opinion is the one which will finally be accepted as authoritative. The situation is admittedly dangerous; and it is imperative that a speedy remedy be sought; for the heirs and assigns of an estate which has been mismanaged to the brink of bankruptcy must secure at all costs that no public receivership is made.