There are discrepancies in the interpretation on the literary history between students in Taiwan and PRC. For the scholars in Taiwan, the related study concerning Republican literary history has been perhaps much belated. However, it is about time for them to start their task to reconstruct historical memories about the development of modern literature in the Republican period (1919-1949). This short paper provides three considerations in the construction of Republican literary history: 1. setting up a possible dialogue between the rightist and leftist interpretation, 2. placing more emphasis on the modernization and democratization of postwar Taiwan, 3. trying to connect the continuity and its legacy of Chinese May Fourth Movement with literary development in Taiwan.