Her search was not in vain. In September (1912) a London stockbroker, Mr. Birch Crisp, determined to risk a brilliant coup by negotiating by himself a Loan of 10,000,000 pounds; and the world woke up one morning to learn that one man was successfully opposing six governments. The recollection of the storm raised in financial circles by this bold attempt will be fresh in many minds. Every possible weapon was brought into play by international finance to secure that the impudence of financial independence should be properly checked; and so it happened that although 5,000,000 pounds was secured after an intense struggle, it was soon plain that the large requirements of a derelict government could not be satisfied in this Quixotic manner. Two important points had, however, been attained; first, China was kept financially afloat during the year 1912 by the independence of a single member of the London Stock Exchange; secondly, using this coup as a lever the Peking Government secured better terms than otherwise would have been possible from the official consortium. Meanwhile the general internal situation remained deplorable. Nothing was done for the provinces whose paper currency was depreciating from month to month in an alarming manner; whilst the rivalries between the various leaders instead of diminishing seemed to be increasing. The Tutuhs, or Military Governors, acting precisely as they saw fit, derided the authority of Peking and sought to strengthen their old position by adding to their armed forces. In the capital the old Manchu court, safely entrenched in the vast Winter Palace from which it has not even to-day been ejected (1917) published daily the Imperial Gazette, bestowing honours and decorations on courtiers and clansmen and preserving all the old etiquette. In the North-western provinces, and in Manchuria and Mongolia, the socalled Tsung She Tang, or Imperial Clan Society, intrigued perpetually to create risings which would hasten the restoration of the fallen House; and although these intrigues never rose to the rank of a real menace to the country, the fact that they were surreptitiously supported by the Japanese secret service was a continual source of anxiety. The question of Outer Mongolia was also harassing the Central Government. The Hutuktu or Living Buddha of Urga--the chief city of Outer Mongolia--had utilized the revolution to throw off his allegiance to Peking; and the whole of this vast region had been thrown into complete disorder--which was still further accentuated when Russia on the 21st October (1912) recognized its independence. It was known that as a pendent to this Great Britain was about to insist on the autonomy of Tibet,--a development which greatly hurt Chinese pride.