I recently discovered a website filled with very old Japanese cartoons which have been restored and given English subtitles. Japanese Animated Film Classics has several dozen old cartoons (many from the silent era) and is well worth seeing.
"Nihonichi Momotaro" is a retelling of the very familiar Japanese fairy tale of 'Momotaro'....a boy who was born out of a giant peach and went on to become a great hero.
The story begins with an old woman finding a giant peach floating down the river. She somehow drags it home and soon a chubby baby pops out of the peach! The child grows and soon leaves home in search of adventure. Along the way, he teams up with a dog, cat and a pheasant and the four make their way to the island filled with evil Oni (Ogres). After a battle, Momotaro and his friends are victorious...and it's a bit reminiscent of the western tale, "Jack and the Beanstalk".
I liked this story for many reasons. The animation quality is pretty good for 1928 and it manages to tell the entire story of Momotaro quite well. It also is quite child-friendly (unlike quite a few cartoons from the same website). It certainly could have been more violent and bloody yet avoided this...thankfully.