conferences between the south and the north were held in January, 1912. Outside of iron and coal, one can see here almost all of China’s efforts to equal the Occidental in industrial activity in modern mills. The Japanese are in strong evidence at Shanghai in ownership of Chinese cotton manufacturing. In speculating, no city can approach Shanghai. The awful rubber collapse of 1910 mowed down Chinese as well as foreigners. A military band plays in the public gardens and in the hotels. The musical and literary life of the colony is well developed. On North Honan Road is the immense plant of the Commercial Press which translated a million dollars’ worth of text-books last year for China’s schools. Its president is Chang Yuan Chi. The English newspapers of the port are known world wide for their scholarliness, and the Chinese press is making a mark for its patriotism and progress. The Bubbling Well Road cemetery and the Pahsien (Catholic) cemetery contain many melancholy monuments of famous foreign pioneers. In meteorological science, the Sicawei Observatory, under the control of the Jesuits, is _facile princeps_; indeed in this field this order has led in China and in the Philippines since the eighteenth century. Shanghai shares with Hankau the title of head of the railway system; that is to say one is the New York and the other the Chicago of the land. There is no computing what the future trade will be at Shanghai. The climate is not much improved on the damp sea-level misery which one experiences at Hongkong, Canton, and Amoy, but there are brave hearts in Shanghai, and the noblest of women who will endure any physical torture so long as they know that they are doing their duty in not deserting the advanced firing line of civilization and philanthropy. The leading educational institution is St. John’s University, managed by the American Episcopalians. Nothing but praise can be accorded to it, and its future will be great. Already great men in China, such as Alfred S. K. Sze, once named as minister to Washington, and Doctor W. W. Yen, once secretary of the Foreign Board, are saying: “I am a St. John’s alumnus.” The university is five miles from the bund landing. Other missionary and native educational and medical institutions, like the Nan Yang University, are of a high order. The intellectual life is advanced, for at Shanghai live most of the Occidentalized Chinese and retired officials. A great arsenal is located here. There is some abandon in the French quarter, which tolerates perhaps the lowest opium joints in the world, and the Foochow Road exhibits its brothel life the most brazenly of any street in the world. The dives of native Shanghai have been notorious the world over for disappearance of victims.