TEMPORARY FINANCIAL PANIC.

Otago Witness, Issue 3005, 18 October 1911, Page 33

TEMPORARY FINANCIAL PANIC.

NEW YORK, October 15. A manifesto has been issued by the Chinese leader Sun Yet Sen, who is now in this city. In it he appeals to : all friendly nations to observe neutrality during the revolution in China. He promises full observance of all treaties with foreign Powers, and declares that the object of the revolution is to overthrow the corrupt Manchu regime. It is believed that Sun Yet Sen is about to .leave for China, although a price has been set on has head' in that country. MUTINOUS TROOPS. LONDON, October 15. An unconfirmed report from the Central News Agency at Berlin states that two battalions of modern-drilled troops at Tsingtao have mutinied, apparently in sympathy with the forces of Sun Yet Sen. There is .also an active revolutionary propaganda at Tsing-il-fu. OTTAWA, October 15.

■ The flag of the new Chinese Republic was flown in the Chinese quarters at Victoria amid great enthusiasm when the news of the probable success of the revolutionists was. published. It as known that arrangements have been made by Sun Yet Sen to despatch shipments of arms from the Pacific coast to China. LONDON, October 15. The British, German, arid American bamkens have notified the Chinese Government of their acceptance of. participation in .a £10,000,000 5 per cent, loan for the purpose of establishing currency reform and developing Manchuria. The loan is to be issued within six months,

unless prevented or interfered with by force majeure.

HANKOW ISOLATED. TOWN TO BE BOMBARDED. PEKING, October 16. Telegraphic communication with Chang sha has been restored.

Changsha is reported to be safe. The Consuls at Hankow arc sending European women and children to Shanghai.

Three thousand Honan troops who were encamped north of Hankow have joined the revolutionaries. ;

The rebels' arsenal at Hanyang is working double shifts, turning out 25,000 rounds of ammunition daily. One hundred and forty field pieces are ready.

Two thousand revolutionaries have occupied Kia-ting, and four hundred rebels from Kia-ting are marching in the direction of Yachow.

The revolutionaries consistently protest against the churches issuing passports to missionaries.

Hankow is now isolated. The telegraphs are in the hands of the revolutionaries, a.nd the trains have been stopped. The Chinese warships will issue a warning before bombarding the town, and the foreigners will then Jeave the foreign concessions. The archives in the British Consulate have been already transferrd to a gunboat. The prefect of Sui-fu, fearing a forcible opening of the prison, has released the prisoners.

YUAN SHIH KAI. LONDON, October 16. The Times' Peking correspondent report* that though the Imperial edict curtly orders Yuan Shili Kai to go to Wuchang, and does not attempt to make any reparation for his dismissal, he accepts, in the grave emergency, the hardest post in the Empire, being apparently confident of the loyalty of his northern army, which is his creation.

Thirteen transport trains left Peking and Paotingfu on Saturday and Sunday, and 11 will leave to-day and 10 on Tuesday. Altogether 20,000 combatants are concentrated at the third station northwards from Hankow.

The general staff is confident that the rebellion will soon be suppressed, and declares that the Hankow station is still in the possession of the loyal troops.

FINANCIAL PANIC

LONDON, October 16,

A financial panic occurred in Peking on Saturday, where there were runs on the Government banks and the native cash shops, but the disturbance was only temporary. The War Office's overtures with four of the foreign banking groups for a short loan to provide for the payment of the northern troops was met with objections—firstly, that if the financing was begun it must be continued, although the future was uncertain; secondly, the aim in securing the loan was obviously to induce the revolutionaries to believe that foreigners were contributing to suppress the revolution; and, thirdly, that the throne should be compelled to disgorge its hoarded millions. OPPOSED TO. THE MANCHUS. •We have been told that the rising- is an anti Marchu one. A "Chinese Student," writing in ±he Westminster Review some , months ago, set out in detail the aims and objects of the three parti as which are now striving each in its own way for the regeneration of the Chinese Empire. For the sake of convenience the parties are classified as Constitutional Monarchists, Constitutional Democrats, and Revolutionary Republicans. All three parties have this in common—they want politioal freedom, they want individual freedom, and judicial independence. In two other respects they also agree. They support the anti-Manohu campaign and the policy, of "China for the Chinese." The writer of the article recognises that both terms require explanation, '•' for it is due to the misinterpretation of their meaning that the world to-day views us with suspicion, if not with anxiety. Let it be said once for all," he writes," " that thi3 anti-Manchu campaign is a campaign directed, against the existing political inequality, and not a mission of racial hatred. The Manchus occupy far more important positions than their number or their-civilisa-tion entitles them to, and this we will not tolerate any longer, but we bear them no ill-will. There is no language question to require a settlement, for they have long forgotten their own and now speak ours. Neither is there any religious difficulty to come between us, for they worship the same God or gods as we do. Let bygones ba bygones; we know the value of national freedom which we fight for, and we have no intention to deprive a people of theirs. It is indeed no less in their interest than in our own that wo start the campaign—misnamed as anti-Manchu. Those who visited the quarters of the Manchurian garrison, recently abolished, can unfold a sad tale of those ill-clothed, ill-fed. idle, and dirty creatures that were forbidden to pursue any industry except to become soldiers, living on a Government pension, which was insufficient for a month's moal out of. the twelve. Under an enlightened nolicy, will they not prosper far batter? The newlyorganised army is almost exclusively oomposed < of Chinese, who are, as a whole, superior to them in number, in intelligence, and in education. Can they possiblv make a stand against us, even if they wish?"