I : THE INVISIBLE BOURGEOIS REVOLUTION 739
pradors . . . began to find the regime very hard to bear'.
41
Relations de-
teriorated between the business community and Ch'en Ch'i-mei, the
military governor of Shanghai, who sometimes resorted to harsh mea-
sures in order to obtain the necessary funds.
4
' When the government
decided, at the beginning of February, to mortgage the China Merchants'
Steam Navigation Company to guarantee a loan from abroad, it ran into
violent protests from the shareholders, among whom was Chou Chin-
chen.
44
The conflict that arose in Shanghai in 1912 does not seem analogous
to the resistance put up during the 1920s by the Cantonese bourgeoisie,
adherents of provincial particularism, to a Kuomintang government
anxious to extend its activities on a national basis, even at the price of the
difficult Northern Expedition. The Shanghai bourgeoisie shared with
Sun a very keen sense of national unity. However, they no doubt hoped
that the Nanking government, which had been established thanks to
their help, would be able rapidly to widen its foundations and find other
sources of support within the country. They soon discovered the extent
of their illusion. Deprived of an adequate social base, the Nanking govern-
ment could not count on the effectiveness of a party machine. At the
beginning of 1912 new parties started competing with the T'ung-meng
hui,
which had always been very loosely structured; and before long it
consisted of little more than Sun's immediate entourage. Faced with the
Peking-Wuchang axis, which embraced the vast majority of the regular
armed forces and enjoyed the support of the mandarinate and the tradi-
tionalist gentry, Sun was forced to take a back seat, and surrendered the
presidency of the republic to Yuan Shih-k'ai in February 1912.
Thus the first political experiment of the bourgeoisie in the spring of
1912 ended in a double failure. True, the bourgeoisie was able to make
its weight felt at that time. In the provinces, it had helped to ensure the
continuation of business as usual and the maintenance of a certain degree
of public order. Their support of the Nanking government had prevented
an unwanted return of the Manchu dynasty, and had contributed to the
formation of the republican regime. However, it had not succeeded in
setting up the political structures that were indispensable to its develop-
ment. In the provinces its social base was too poorly defined for its actions
to be truly distinguishable from those of the gentry. Nor could the
businessmen of Shanghai keep a national government in their hands
42 Report of the consul-general of France, Shanghai, 13 Jan. 1912. Quai d'Orsay Archives:
China-Interior politics, Chinese Revolution.
43 Report of the consul-general of France, Shanghai, 13, 17 and 18 Jan. 1912,
ibid.
44 NCH, 10 Feb. 1912, p. 356; 10 Aug. 1912, p. 405; 17 Aug. 1912, p. 458. Report of the
consul-general of France, Shanghai, 2 March 1912.
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