As the means of transportation are very inadequate and locomotion is always slow and difficult, the merchants who go about from one fair to another for many months of the year, lead a life, or rather an existence, which is far from enviable. The half-month holiday with which the Chinese year begins is no sooner over than the large fairs begin also, and they continue with intermissions throughout the rest of the year. There is a brief interval for the wheat harvest, an event of the greatest importance to every class of the population, and the rainy season generally causes another interruption, often so serious a one as to upset all plans for two months or more. The principal coöperative element in fairs lies in so arranging them as to dovetail into one another with least loss of time to the travelling merchants. The success generally attained is offset by many conspicuous failures, due to the Chinese thirst for gaining advantage over rivals, irrespective of the interests of others, which in matters involving coöperation, often results in disappointment. Thus, it is not uncommon to find that while the posters announcing a fair have been put up all through the country-side for an entire month, no one can tell when it is really to begin. That the day for beginning is "fixed" is a point of no consequence whatever, for with the exception of eclipses nothing in China is so "fixed" that it is not subject to alteration, and this exception may be thought to be due to the circumstance that eclipses are not under the supervision of the Chinese. We have known repeated instances in which persons who wished to attend a large fair, the date of which has been "fixed" for generations, have travelled many miles at great inconvenience, once and again, only to find that it was delayed owing to the fact that nobody had come, every one being apparently engaged in waiting for every one else. But infelicities like this are universal and constant in China, where punctuality is "a lost art." XIV COÖPERATIVE LOAN SOCIETIES Among the most characteristic examples of Chinese capacity for combination, are Loan Societies, which seem everywhere to abound. The object of these organizations is the same as that of similar associations elsewhere, but it may be doubted whether the Chinese methods of procedure are not unique. As in everything else Chinese, with a general similarity, there is such divergence in detail, that it is sometimes very difficult for natives of one district, even to comprehend the rules of the Loan Societies of other and perhaps adjoining counties.