The fairy tales and legends of olden China have an oriental glow and glitter of precious stones and gold and multicolored silks, and an oriental wealth of fantastic and supernatural action, not too dissimilar to the tales in the "Thousand and One Nights". The 73 stories herein embrace "NURSERY FAIRY TALES," "LEGENDS OF THE GODS," "TALES OF SAINTS AND MAGICIANS," "NATURE AND ANIMAL TALES," "GHOST STORIES," "HISTORIC FAIRY TALES," and "LITERARY FAIRY TALES". Like the "Arabian Nights," they will fascinate the young listener and amply repay the attention of the older reader as well. Some are exquisitely poetic, such as "THE FLOWER-ELVES," "THE LADY OF THE MOON" or "THE HERD BOY AND THE WEAVING MAIDEN"; others like "HOW THREE HEROES CAME BY THEIR DEATHS BECAUSE OF TWO PEACHES," carry us back dramatically and powerfully to the Chinese age of Chivalry. The summits of fantasy are scaled in the quasi-religious dramas of "THE APE SUN WU