Canton Military Government, representing the Southern Confederacy, had already unanimously elected Vice-President Li Yuan Hung as president of the Republic, it being held that legally Yuan Shih- kai had ceased to be President when he had accepted the Throne on the previous 13th December. The Vice-President, who had managed to remove his residence outside the Palace, had already received friendly offers of protection from certain Powers which he declined, showing courage to the end. Even the Nanking Conference, though composed of trimmers and wobblers, decided that the retirement of Yuan Shih-kai was a political necessity, General Feng Kuo-chang as chairman of the Conference producing at the last moment a telegram from the fallen Dictator declaring that he was willing to go if his life and property were guaranteed. A more dramatic collapse was, however, in store. As May drew to an end it was plain that there was no government at all left in Peking. The last phase had been truly reached. Yuan Shih-kai's nervous collapse was known to all the Legations which were exceedingly anxious about the possibility of a soldiers' revolt in the capital. The arrival of a first detachment of the savage hordes of General Chang Hsun added Byzantine touches to a picture already lurid with a sickened ruler and the Mephistophelian figure of that ruler's ame damnee, the Secretary Liang Shih-yi, vainly striving to transmute paper into silver, and find the wherewithal to prevent a sack of the capital. It was said at the time that Liang Shih-yi had won over his master to trying one last throw of the dice. The troops of the remaining loyal Generals, such as Ni Shih-chung of Anhui, were transported up the Yangtsze in an attempt to restore the situation by a savage display,--but that effort came to nought.