Entimations.
DAKIN'S
UNRIVALLED OLD SCOTCH WHISKY.
A
BLEND OF THE FINEST WHISKIES
that Scotland can produce. Thoroughly Matured.
Per Bottle $1.
Per Dozen $10. SOLD ONLY BY DAKIN BROS. OF CHINA. LIMITED CHEMISTS, and
AERATED WATER
MANUFACTURERS,
HONGKONG.
(Telephone No. 60.)" Hongkong, 23rd July, 1889.
ft
A. S. WATSON & CO., LD.
ESTABLISHED A.D. 1841.
THE HONGKONG TELEGRAPH, SATURDAY, AUGUST 17,
capital by disgraceful mismanagement. We might use a harsher term, but as most of those. particularly interested are dead and gone, it is just as well to let byegones be byegones. Still we may just as well plainly state that the history of the Hongkong and Shanghai Bank, from the formation of the institu- tion up to the date of issue the lates!
one long-continued chapter of robbery and mis- management. If this statement is untrue it is a gross libet and can be challenged in a court of law; if it is not so challenged, the only fair inference that can be drawn is that it is true, and that there are still a very large number of persons connected with the Bank who have a lot to answer for,.
|
charges and making allowance for bad and doubtful, debts, aggregate $772.088.14. from which the Directors recommenil the payment/ a 30 dividend, and an addition of $too co
WE ought to feel gratified that our local contem-Wit are informed by the Agents (Messrs. Amhold. poraries have sa liberally helped themselves to Karberg & Co.) that the China Shippers' Mutual be contents ofournéticle announcing the remegal S. N. Co.'s steamer Ningchow, from Glasgow of Viceroy Chang Chih-tung from Canton to the and Liverpool, left Singapore for this part to-day, Reserve. This is not what was expected. It' Hu Kuang provinces, But we don't, even and may be expected on or about the 23rd înst. was common report, nay common knowledge, in | although imitation may be the sincerest form of the colony a few weeks ago that the net earnings flattery.
WHEN Raphael was painting his celebrated of the Bank for the past half-year amounted to
frescoes, two cardinals were criticising his work.
It may be as well to explain why this harbour dredging and railway or road through the Taiwanfoo-Takow plain will prove an important factor indetermining the futureof South Formosa, From Taiwanfon in Takow, going due South in a distance of about 30 miles, the plain is from which for a distance of about another go to bounded on the Weat by the sea, running back
Report and Statement of Accounts, has been over eleven hundred thousand dollars, and it MR. WODEHOUSE held on inquiry at the Magis. One remarked: "The Apostle Paul has too red: 40 miles we come to the first range of hills. This
∙19
N drawing attention to our special prepara ending December 21st, 1883, the La dividend included in the official Report.
import Drugs, Chemicals, and Goods of every kind of the best description only. No other quality is kept in Stock. Our long experience and intimate acquaintance with the Trade and the best sources of supply enables us to purchase direct from the Producers on the very best terms, and thus gives us an advantage which enables us to offer our Constituents the benefit of a considerable reduction in the price of all Specialities of our own Manufacture or putting up, as compared with similar articles sold else where.
WATSON'S
CHOLERA AND DIARRHEA REMEDIES.
CHOLERA' MIXTURE. As prescribed and recommended by Dr. AYRES, Colonial Surgeon, when President of the Hongkong Sanitary Board. To be used in cases of vomiting and purging
attended with violent pain...
Prepared only by
A. S. WATSON & Co, Ltd... THE HONGKONG DISPENSARY, Hongkong. China and Manila. In Battles, $ and $1.50 each.
ASTRINGENT ANTACID DIARRHEA MIXTURE
As recommended by the London Board of Health for use in all cases of Diarrhea, Cholera,
&c.
Prepared only by
A. S. WATSON &Co., Ltd., THE HONGKONG DISPENSÁRY, Hongkong, China and Manila. In Bottles, $1 and $1.50 each.
WATSON'S
ASIATIC CORDIAL. DOSE-For Diarrhoea, Colic, and Dysentery, 1 tea spoonful every 2 or 3 hours. For Cholera, 1, 2, or 3 lea-spoonfuls every hour, or in urgent
cases oftener.
3n Bottles-50 cents and $1 each,
WATSON'S
CHLORODYNE. Dost:-Ten to twenty drops in brandy and
water.
In Bottles-go cents $1 and $1.50 each.
WATSON'S
ASTRINGENT PILLS,' FOR DIARRHEA, DYSENTERY, &c.. DOSE :-One pill after each liquid Motion. In Bottles 75 cents and $1.50 each,
WATSON'S
ANODYNE LINIMENT.
For relieving Dani Mases of Spasms, Colic, Cholera, Diarrhea, Inflammation of the
Bowels, &c.
DIRECTIONS FOR USE :-Sprinkle some on bot Flannel or Spongio Piline soaked in water and apply over the seat of pain.
In Bottles, 75 Cents and $1.50 each.
BERMUDA ARROWROOT.
* RUSSIAN ISINGLASS, CALVES' FOOT JELLY.
was on that basis that the shares were nego- tiated in the market. And what happen Nothing very much for the Hongkong and Shanghai Bank; only another instance of the super-excellent management of the Court of Director, a body of gentlemen who draw $20,000 per annum for what? The agent of the Bank at Lyons, a notorious gambler, had only defrauded Now, let us leave the mouldy past and take
the shareholders out of $350,000; but that is **a square look" at the situation for, say, the such a small matter that it is not even thought part half dozen years. At the end of 1883 the worth while to mention it in the Report. The effects of the great panic of 1879 had passed gentlemen forming the Court of Directors, which away, and Hank shares, for long quoted at an a sort of hereditary institution in which almost hopeless discount, had regained public personal qualifications are entirely ignored, favor and become a leading and popular factor in have been left so much to their own devices that the Share Market. And no wonder. For the they apparently consider they have a right to half-year ended the 3131 December, 1882, the ignore the shareholders. They will find Directors for the first time-although it had themselves once again mistaken; a loss of previously been plainly predicted in our columns $350,000 through gross neglect is not to found themselves in the enviable position of be passed over so easily. A full explan being able to recommend a dividend of 2 peration ought to have appeared in the Report; share, at the same time having a quarter of a
the subject is not even mentioned. On this million of dollars at the credit, of a Reserve occasion a casual reference in the Chairman's Fund, and even these splendid results would speech will not meet the requirements of the have been improved upon but for defalcations case; this, the most important event during the which, although current gossip at the time, were half-year, must be, or at least it ought to be, discreetly ignored. For the next six months,
And furthermore, the time has arrived when was continued, and the same result was attained the Flongkang and Shanghai Banking Corpora- for the half-year following, although this hand- tion must publish a full and proper statement some return was somewhat discounted by the of account-not the mere skeleton which, statement that the Bank had been defrauded but per favor of the shareholders, has been allowed of a very large sum (amount not stated) by a
to pass muster in past years. What shareholders firm of Swiss silk waste buyers in Yokohama. require, and what they have a right to know, are At the meeting of shareholders held in February the gross earnings of the Bank, so that they can 1882, an attempt was made to whitewash Mr.
compare the percentage of expenditure with that John Walter, who had made the enormous
of other Banks, and have some check on the advances on bogus securities to the firm of Swiss Directors, who apparently consider that they are defaulters, and the Chairman's (M2, A. P.
the only persons who have any right to informa MacEwen) panegyric on that officer's energy tion concerning details of business. All other and ability effectually stalled off any awkward banks publish full and complete reports, inquiries that otherwise might have been and why should the Hongkong and Shanghai forthcoming,
Bank not do likewise? Are the Directors afraid of the proprietors of the concern knowing too much. It appears very much like it And we venture to say that no professional accountants would put their names to such a hald statement as that issued by the Court of The Auditor should remember that they are paid by the shareholders, not by the Directorate, and that their duty is to present a full statement of the Bank's affairs, and not merely to append their signatures to an imperfect and generally misleading account drawn up by the Bank officials. There is plenty of room for Improvement in the man- agement of the Hongkong and Shanghai Bank, and considering the temper of the times and the decadence of the "Hang" influence, we think the Court of Directors would show discretion in setting their house in order without delay, and avoid the inevitable.
The Bank's 18th report, for the six months ending the 30th June, 1884, was again most satisfactory, and a dividend of a was once more declared; but the cloven hoof' was not absent.. ly the failure of Messrs. Martin Dyce holdets had been robbed of a sum stated at & Co., the Bank's Agenta in Batavia, the share-
$125,000, in addition to a temporary loss of $25 000 in connection with the stoppage of the Oriental Bank Corporation. But malgré, votes of thanks were, tendered to the management of the Bank for the able and satisfactory manner in which the business had been can- ducted"
In February 185, when the Repart for the final haleyrar of 1884 came on for discussion, it was gently intimated that the loss by the defalcations of Messrs. Martin Dyce & Co. was far larger than had been anticipated. The actual amount was not stated, nor has it been announced up to the present time. It was at this meeling that the trouble and anxiety in connection, with the Manila branch first cropped up, but the Chairman (Mr. Mac" wen) in declaring another dividend, cheerfully assured the shareholders that the many difficulties bad been successfully coped with, and that there was "no carrying over of known bad debts, or bolstering up of insolvent firms." So far, so good.
The 40th report, covering the six months ending June 30th, 1885, contained nothing particularly noteworthy, excepting a vague reference to heavy losses which were not particularised. A dividend of £1 was once more recommended, and at the meeting of shareholders the Chairman (the Hon. F. D. Sassoon) stated that "every bad and doubtful debt had been provided for,"
Two pounds sterling were still available for the half-year ended the 31st December, 1885, and also a bonus of 10/- per share, but this particular mreting was especially noteworthy for the bonaur paid to Mr. Thomas Jackson, the able Chief Manager of the Corporation, who, on leaving for a year's holiday, was presented with the princely sum of Booo. So far as we have heen able to ascertain, Mr. Jackson fully deserved even such a substantial recognition of his valuable services. The forty-second rep-rt appeared quite satisfac bollingtory on the surface, and as a dividend of La was declared and nothing said about losses, absolute or prospective, it was cheerfully adopted. Not so that for the six months ending the 31st December, 1886. The dividend was cut down to 30/-, and it was with much regret that the Directors who
every provision had been made for bad and doubtful debis, recommended that $500,000 be set aside from Profit and Loss and Reserve to provide for doubtful outstandings (. absolute losses) at the Manila branch. This loss was said to be principally due to the shrinkage in value of securities pledged to the Bank, a statement which Baron Munchausen himself could not bave excelled.
Invalids' necessaries and appliances of all kinds bad previously assured the shareholders that
kept in stock.
A. S. WATSON & Co., LIMITED, THE HONGKONG DISPENSARY, HONGKONG, CHINA and MANILA.
[s
The Hongkong Gelagraph
HONOKONO, Saturday, August 17, 1889.
OUR LOCAL STOCKS.
IV.
2
Directors.
TELEGRAMS
THE CRETE TROUBLE.
LONDON, August 14th. Further massacres of Christians have taken place in Crete. The King of Greece has been summoned from Copenhagen.
THE BOULANGER TRIAL.
.PARIS, August 14th. General Boulanger, Count Dillon, and M. Rochfort have been found guilty of conspiracy by the High Court of Justice, and sentenced to deportation.
LOCAL AND GENERAL.
SOME Interesting Formosan news from our Tamsai and Taiwanfoo correspondents will be found in another part of this issue,
An illicit oplum smuggler who was fined this morning was stated to have been caught with a tael of the drug tied under his kuce.
At noon to-day a coolic who wan carrying a, large crate of plate-glass to the Hongkong Di pensary slipped in the road, and broke his leg, EVEN the "poor feet" of the German soldier with a powder to put in his boots andocks to are carefully looked after. He is now applied keep his feet from being chafed
יי
FIRST Speculator -Another gold mine discovered in Pahang, I see. Big one this time.-Second
Speculator-Yes; the uninhabitable swamp of the particular settler who wants to sell is twice the usual size,
MESSES. Adamson, Bell & Co., agents for the Canadian-Pacific Line, inform us that the steam- ship Port Augusta arrived at Vancouver on the Igth inst. The silk ex Batavia was delivered in New York on the roth inst, and tea on the 14th.
To-MORROW morning between 9 and 10,30 o'clock the steam-launch carrying the Bethel flag will call alongside any vessel hoisting code services St. Peters Seamen's Church strain service at St. Peter's Seamen's Church, returning
about 13.30.
tracy today, touching the death of a Gun Lascar named Nuita Singh. Deceased was noon he was carrying a bucket of water across a stationed at the Lyemoon Fart, and yesterday at
trench when he fell down and smashed himself. A verdict of "Accidental death" was recorded.
Tit Daily Press this maming editorially states that Yu lü, erstwhile Viceroy of the Hukuang provinces, has been "promoted to the Governor ship of Shing King (an old name for Feng-tien.) As the post of a Total General is subordinate to that of a Governor General we fail to see where the "promotion" comes in.
THE oldest university in the world, that at Bologna, Italy, has taken kindly to the newest idea, in education-1 female professor-by appointing La Dottoressa Giuseppina Catan! lecturer on pathalogy. Large audiences listen whenever she speaks. A beautiful face as well. as a pretty name is here, and this may account for some of her popularity.
a face." "He blushed even in heaven," said Raphael, to see what hands the church has fallen into."
THE RAUB CONCESSION.
fringe of alluvial plain runs down the whole island, getting considerably narrower, however, from a point about 15 to 20 miles South of Takow, the whole plain" beginning at Taiwan- foo and ending,' say, at the' point, Where it begin to narrow, would measure in 'round numbers from 50 to 60 miles by 40 wide.' 'It is Mr. L. W. Brown, after having, with others, well watered, highly fertile, densely populated, safely engineered the Raub concession through, and the area where the Takow sugar grows is now in Hongkong, and wils shortly start for This is far and away the finest quality of sugar Australia. He is staying at the Hongkong Hotel, produced in the island and always commands where our representative called on him to-day. Precedence in demand and supremacy in price. He very courteously gave any information Unfortunately so bad are the means of transport he could. He said that work on the conces- by reason of want of good roads, ned other sion was to be started very shortly, and that a circunstance connected with its production, that large quantity of mining, winding, and stamping it can be only sold at the parte at a price which machinery should have reached Singapore by heavily handicaps it with produce of similar now from Australia, in charge of the man- quality from the other countries, to say nothing. ager, Mr. Bibby, who had had experience in of the disadvantages entailed by competition nearly every gold-field in the Colonies. He was
with the bounty-supported beet of Europe. As full of confidence in the value of the concession. soon as this latter begin to make headway, the "You understand," he said, "that I have no geographical drawbacks_connected with the reason for exaggerating it, because we are not shipment of Formosan (Takow) sugar became going to ask the public to put a penny into overwhelming, and, as the Western markets' the concern. The syndicate formed at pre- dropped off space, was left the sole outlet. Premier of Queensland. Hon. W. Patterson, of Foreign Houses withdrew, cane was short sent consists of the Hon. B D. Morehead, Thus did South Formosa gradually collapse
Cooper, of Queensland, myself, and a number of sunk to the low level it has now at present only Mount Morgan, Colonial Treasurer of Quernsplanted or neglected, until what was one of the land, Sir Thomas Mellwraith, Mr. Justice most promising parts in China slowly but surely..
merchants. The capital when, the syndicate sufficient to employ one steamer at intervals of the most prominent Sydney, and. Townsville whole impart trade of the place it at present only is registered, which will be done when the ten days. It takes this time for the opium and agreement reaches Australia, will probably her goods she brings to percolate to the distant be one million. The concernion originally points, whither it is carried on men's shoulders belonged to Rajab Impy and Rajah Ismail, who at exorbitant prices, which, of course, set were working It, and Syed Mahomed. Alsagoff, "Pa probibition on demand quite incompatible who had a claim on it, got them to amalgamate with any hope of increase. The steamer happens with the Malay Peninsula Prospecting Company, now to go to Taiwanfoo; it would be all the same on the understanding that we had the pick of the as matters stand at present if she went to the two hundred miles of territory. We took twenty South Cape. The few small capitalists that are square miles, about thirty miles south of reqared to manipulate her bringings have Punjom, and we have a lode formation which followed her and also abide, just now at Tal- we have.traced hree miles along our properly.
wanfoo; the trade, such as it is, has got into that In some places it is over a hundred feet wide groove and there it will remain, always artifi. -how much wider it may be goodness only cially governed, so long as natural law and: knows. Alluvial gold exits there, and is still requirements are outraged by the present system A SOLDIER in the army of the Philistines—to being found, but most of it has been already of neglect. Open Takow, the natural outlet for wit, Mr. Francisco Soares, broker, Stanley taken out. We don't exp ct to be able to work this rich plain with its increasing population, its Street, gave his confie a letter to post yesterday, anything like the whole of the area; our best coal and its oil mines, give free outlet to the The beast of burden said his foot was safe, but paying mines in Australia very often don't extend sugar and the rice almost growing for the went, and on his return found marching orders made out, and the munificent sum of $3.35 claim that runs over 600 feet along a recf. So of the Southern Farmasa return, but it will be over more than a few fert, and it is a very large planting, and then, not only will the prosperity
staring him in the face. As he figured out that $3-471 was due to him he declined to leave
we shall probably sub-let it by the foot when established on a firm basis, the obvious result of we bave shewn what it is worth. Nobody harmonising one's efforts with the geographical the premises without that amount. Mr. Wode-knows what it is worth. It was assayed the and economical indications 1 house arbitrated in the affair, today, and alter cautioning everybody concerned disini.sed the ease..
A GERMAN patent has been granted to M. Lade wigg for a much-needed article-a fire and twenty-five to thirty parts of aluminum sulphate water-proof paper. It is made by mixing moistening with zinc chloride, and, after wash- ing. treating the pulp with a solution of one part of resin soap and eight to ten parts of aluminum phate. Paper is then produced as with or- dinary pulp,
The most egotistical of the United States, M.; most religious, Mass.; most Asiatic. Ind. father of States. Pa.; most maidenly, Miss.; beat in time of fland, Ark.; most useful in hay ing time, Mo.; decimal State, Tenn.; State of exclamation, La; most astonishing State, O.; most unhealthy State, lil; State to cure the sick, Md.; State for students, Conn; State where there is no such word as fail, Kan.; na State for the untidy, Wash.
her day, in Singapore, but I don't take much stock in assays. It is very rich, of that I am sure. I called at the Punjom mine, and Although I don't care to say much, I think ita
FORMOSA.
TAMSU
(FROM OUR CORRESPONDENT.)
"WHEN the enterprising burglar's not a burg-very valuable concession." ling" he is generally either going to do so or bas just finished. A member" of the profession selected Mr. J. G. Smith's house in West Terrace as a likely crib, the other night, but when getting along the verandah he stepped on a bit of parapet that had been mended by contract, and naturally it broke. Equally naturally he went down, and | half broke his neck. Mr. Smith leaned over in airy garb, and the dog barked, and in a few hours a Sikh constable came up. He asked the thief when he was doing there with his head in a flowerlot, and the latter feebly replied that he was a thionaire and had been robbed. A chair was got and he was sent to Hospital, and recovered sufficiently to be propped up in front of Mr. Wodehouse to-day. In consideration of anything he was let off with a fine of $10. bie back ache and the fact that he hadn't stolen
A GERMAN for named Waldemar Stockfeldt signed on particles of the gallant Alerander- Yrafı yelekly, and was so pleased at getting himself. Pollock fixed the damages at zwei appointed that tight craft that he got tight thaler English carpenter named Bishop was out one o'clock this morning, and forgot the so he asked a lukong ie lug out his erbury and mention how "the eremy"
getting on. The futong stared at him ingly, and the facetious Bishop, beeing a că of getting in a little joke out of Joe
bit him on the figure-head with his digh" ®k and said "It's just struck one Instead of that it good job they hadn't met an fing, as he should have done,
hour eae lukong beckoned another Chinsmatig and between them they rushed the humorous Bishop to the Station.-The fiat this morning was "two dollars."
moming at the Magistracy into the cause of the MR. H. E. WODEHOUSE held an inquest this death of Patrick McNamee, late a fireman on the steamer Altnacraig, who drowned himself in the Harbour on the afternoon of the 14th inst. The Superintendent of the Sailors' Home, Mr.
imilar was only the beginning of a series of
Moir, said that deceased was not suffering from similar losses all owing to the admirable
parent reason why he should have committed anything when last seen, and there was no ap management of the highly paid and generally useless representatives of the Bank. The next
the 'deed. Mr Jones, boarding officer, stated Report, for the half-year ending June goth, 187,
that the deceased's body smelt strongly of drink showed a still further joss of $600,000 in Manila,
when recovered, which was shortly after a a'clock eliciting a very lengthy explanation from the
at on Wednesday afternoon. A young Portuguese named da Costa, a clerk in the Harbour Master's Board of Directors, which was just about as true
office, testified to seeing deceased at one o'clock THE HONGKONG AND SHANGHAI BANK.
as the previous audacious assertion that $450,000 The history of the Hongkong and Shanghai exchange. In fact the loss of the whole bad been required to meet loss by sterling
that day take off his hat and coat and then jump off the wharf into the water, apparently Banking Corporation is unique and almost with of the money in the Philippines has been out parallel in commercial history. For nearly owing to gross mismanagement which allowed
for a swim. There was no appearance of his falling in. The deceased swam about for a a quarter of a century it has been the fulcrum of the funds of the Bank to be applied to what elopment of Great Britain is the constantly evidence of a deliberate suicide, Mr. Wodehouse A PROMINENT FEATURE of the agricultural deville, before going down.As there was no foreign business in China, and the Far East. has since been shown to be a barefaced swindle. That it started under the most favorable suspices dividend of 30-was recommended increasing attention paid to horticultural pursuits, recorded a finding of Found drowned." cannot be denied ; whether it has made the best accepted, and the Chairman (Mr. M. Grote) less than 100,000 acres in the entire, kingdom THUS the Sydney Bulletin: When Ouida leaves
Half a century ago there is said to have been leave to those
answer. But would be no further losses in Manila. atoto toppe directly interquedione prefer to practically assured the shareholders that there devoted to fruit-growing. By 1872 the area had of writing about pomegranate-blossoms, drawing that it has made an immense amount of money is beyond all question,
The succeeding half-year was eventful in so increased to 172,000 acres, and now it is said room furniture, lawny moustached men of magni- much that it was intended up to the last culture. This is a remarkable showing, con
there are about 115,000 acres devoted to fruit, ficent proportions, Parisian salons, gondolas, of dollars to Reserve, but unexpected losses. at fuit growing so precarious. moment to pay s 30/- dividend and place a lakhsidering the climatic characteristics which makce gilded immorality, and the Danubian district when she quits these congenial subjects and Manila caused a change in these arrangements,
gets on to politics, Ouida la xa foolish as a bar-door fowl. Some of her latest thoughts inscribed, probably, with violet ink on delicately perfumed paper, go along in this fashion-democracy cannot understand honor: how should it? The Caucus is chiefly made up of men who sand thele sugar, put alous in their bread, forge bayonets and girders which hend like willow wands, send bad calico to India, and insure vessels at Lloyd's which they know will go to the bottom before they have been ten days at sea." Her lofty mixing up of grocers and ship-owners
|
Tamsul, 10th August, 1889. The farewell dinner to Mr. Bourne took plice at the Twatulla Club on Monday the 29th July. There were about sixteen gentlemen present and the whole thing went off with great delat.
†
It might be said, Why not dredge the small indentations made by the sea at Anping and con- vert that into a port, thus conserving such vested interests as have now grown up there; the people of the plain have already suffered so much inconvenience, they will gladly submit to a modified improvement. Even if improving the present distant and geographically inconvenient emporium by deepening is harbour could be expected to benefit those whose chief hardships would not be thereby touched, the proverbial difficulty of digging in sand would have to be got over and a work undertaken before which that of Sisyphus would be child's play! If a monster breakwater could be built to seaward rivalling Ape's Hill and Saracen's Head, the nature-provided defences of the Takow harbour, at an outlay of untold millions, then perhaps one. might hope to be able to make some permanent impression on the shifting sands that guard our little creek, and when all was done, the people who supply the exports and run up the imports: would still have to cry out, in so far as they were concerned,-Cut bono?.
A petition to the Marquis of Salisbury is in course of signature, praying his lordship to give us back Mr. Bourne. This is a step in the right direction and it is earnestly hoped that our petition will be granted, as a man who has done his duty so thoroughly as Mr. Bourne bas done here, deserves praise and promotion from the highest quarter of all. It is difficult to too highly These and numerous other arguments, have estimate the value of a Consul like Mr. Bourne | by generations of officials, and engineers been in a new and progressing country like Formosa, urged on the native authorities and at last it in where British interests are so much at stake, to be hoped that His Excellency Liu Ming members of the Twatutia community do not, which prima-facts is much more likely to and though perhaps some of the younger chufan is going to listen to their doing that and perhaps never will, know the intrigues that speedier return him ample reward both financially go on in the Government service here, still, and in reputation. What a glorious harbour. of let us hope that for once they will take the cue rafuge Takow dredged would be for the south of given to them by the men whose signatures head China, is, I suppose, sufficiently known, but the list, in the petition to the Marquis of strange to say the Chinese do not seem la. Salisbury, men who can appreciate Mr. Bourne's appreciate at its worth the immense advantage, real worth as British Consul here.
from a military point of view, such a haven for the largest fleet would prove to them, not only. in defending Formosa but in proteciing China. The German barque Theresa is in port and leaves shortly for Yokohama,
"Things we would like to know I What Mears, Douglas Lapraik and Company's launch is here for?
What E. &O.E. in the copy of a telegram mean?
same.
TAIWAŃFOO
CHINESE MARAUDERS.
(FROM OUR CORRESPONDENT.)
Taiwanfoo, toth August, 1889. Robbery, says the Canton Kwang Pao, is a The great event here lately has been the thing by no means infrequent in this unhappy arrival of Mrs. H. E. Matheson, C.E., who pro- province, and each d'strict is sure to be a sufferer ceeded at once to Takow to carry out an at least once a year; but the district of Hsin-bui elaborate series of explorations and surveys with | beats any six districts in the record of robberies. a view to discovering the condition of the during the last month. For instance, commen- harbour, and the feasibility of dredging the cing from the 6th moon, on the 4th at San admitted that as soon as the splendid lagoon at bundred and fifty armed robbers made a raid Chiang tung a trafic boat was robbed in broad It has been long talked about, and generally daylight. On the night of the 5th, about one that place was deepened the future of South on a hamlet at Shul Kou and, having cleaned Formosa would be secured. Several officials, | out four houses, set fire to two of them, severely both Consular and Customs, have exerted them wounding half a dozen village constables who tried selves to forward the enterprise, but hitherto to arrest them. The next night, the 6th, the little has come of their efforts.
same band attacked a village near Shui K'ou and When the Governor came here a month or plundered the contents of about twenty-five two back, he was seriously approached as to the houses. On the 25th steam launch under the advisability of doing something for the South; charge of a European whils at Chu Tou shan and I believe it was even hinted to him that (Pigo-head bill) was attacked by another band
amongst the people, who, seeing nothing of the banking house in the city of Hsin-hul and took diction, together with the growing feeling board and wounded the European, made for s the studied neglect of this portion of his juris- | of pirates, who, having robbed the passengers on
purposes very different from those ostensibly while attacking a riverine village, the robber promised and vaunted Improvements, imagined out a large amount of silver sycées before any that money levied from them was devoted to alarm could be raised.” On the night of the 28th, put forward and so tended to create ill feeling, were surprised by a detachment of troops, but in effectively barring further attempts at raising the male that ensued the pirates proved too funds!
strong for the military, and the fight resulted His Excellency, who, it must be admitted, in the death of one sergeant, one corporal, and seemed all through to be very reasonably inclined, two men, and nearly a dozen soldiers wounded, proposed to run a small or foy rallway from the The leader of the military, the newly installed The jof: was available, but the lakh of dollars. A LUNDON paper resists that The Private
city (Taiwanfoo) to Anping, but as these two Captain of the Hsin-bul City Guards, barely the OE.C., the Agra Bank, and several others went where so many lakhs of the shareholders Schoolmaster put in a plea for a little more
places are already, connected with an excellent escaped with his life, having ignominously made of which, at the present day, the Chartered Bank money had already gone to form one more tention to penmanship in the pablic schools.
canal or water way going to the very doors of his exit over the back wall of a house, his men of India, Australia, and Chlos is by far the most proof of the admirable management and The young Prince of Denmark confessed that
the hongs, and amply sufficient for all abipping also leaving guns, words, Bags, tumpets, and prominent. But the Hongkong Bank had thorough reliability of the Court of Directors. It he
purposes, such an establishment could not hope even uniforms in their haste to "avold" the blood- special and influential local support, which was at this meeting that the Chairman, in reply gave it an immense advantage over all rivals. Its
to win in the notoriously losing competition with | thirsty pirates.” The arms, etc., were, of to a shareholder, repeased the mendacious Directors at the beginning, were and have been up assertion that the Bank had lost $450,000 in the
water transport, and would therefore, scarcely course, appropriated by the pirates as “spolis of answer, at least for, any time, even as a sop, ward. The leader of the marauders having put to date, the senior resident partners of leading Philippines through werling exchange. 'local firms, and it is only reasonable to assume
while it would assuredly tend to divert attention on the official bar and button of the, valiant For the first six months of 1888 business
from works that would, besides being of incal Captain, and his men donning the captured uni- that, through the influence of these gentlemen, was generally favorable, and in addition to
Calable benefit, be likely to well repay, the cost forms, they next made an attack on a pawn-shop who practically control both the import and 30% dividend, a lakh of dollars was available
of canying them out Some auch better in the vicinity. The strong walls of the building, export trade of China, the business of the Bank for Reserve and the succeeding half-year that end it will be necessary to secure the co may be allowed to pass, but Ouida doesn't counsels seem to have prevailed with Governor and a sharp musketry, fire, however, drove them has been extended and consolidated. We have allowed some $13,000 to be added to Reserve operation of the masters. As things go now, appear to know that the men of her fictitious Liu Ming Cha'an, for we find that the survey, sway, and after robbing a druggist's and s no intention of fallowing the career of the Hong- and a dividend of 30/-, and it was at this time kong and Shanghai Banking Corporation through that Mr. G. E. Noble succeeded Mr. T. Jackson
our contemporary observes, a boy, as soon as he | Caucus are Tories almost to an odd one. The when commenced, gors at once to the root draper's shop they marched off with flying | its various vicissitudes since 1865, as the vast
bas found his way to the fourth form, is usually democratic small shopkeeper is...a rara avis of the matter, and Mr. Matheson told to work colours. On the 1st of the present mouth (7b) as Chief Manager of the Bank. majority of the shareholders of to-day have far At present the Hongkong and Shanghai Bank- far at least as his penmanship is concerned. yet been discovered, while the manufacture of
allowed to write pretty much as he chooses, as and the republican Calico Jimmy has not on the harbour improvement and Taiwanfos- the same band called at a village named. T'an-ya, more interest in present and future prospects than ing Corporation has a pald-up capital of seven Fashion is a very good thing when it turns in small anns must necessarily be a howling in the almost forgotten past; but a few words, millions and a half of dollars and Reserve the right direction, and there is no reason why a lingo. For information as to the polities nevertheless, will not be out of place, the more Fund of four millions, three hundred thousand slovenly sprawling hand, which annoys the ore of coffie-ship. freighters apply to Samuel especially as they will have an important bearing dollars, and for the past ten years the nett and Inflicts needless trouble on correspondents, Plimsoll, who will declare on oath that they on the existing state of affairs. The Hank, as earnings notwithstanding all losses, have averaged should become decidedly unfashionable worship the very ground Her Gracious, walks already indicated, proved an unparalleled success) about fourteen hundred thousand dollars annually. The only person, peshape, what would have upon. Another of Ouida's thoughts iss. Demo- it almost entirely monopolised the banking These figures must convey a whole history to resson to regret the change would be that famoil" cracy, after having made everything supremely business of the Far East. It made money, practical business men. In the latest Report, undergraduate who was heard to say It's hideous and uncomfortable for everybody, to use a suggestive but somewhat vulgar expres that for the first six months of the present year, all very well to talk about a good hand, but falways ends by clinging to the coat-tails of some alou, band over fint," and then it lost all in the sett profits, including $19,874.67 brought was to learn to write better, people would be fuccessful general," Oulde is a shallow-minded eamings and about half of the shareholders' forward from last account, and after paying all finding out how I spell
# old woman,
first starting, a somewhat risky experiment, The Hongkong and Shanghai Bank was, at The field of commerce was already pretty fully occupied by such world renowned institutions as
H
Quan did hold ft, no cur statísta do,
A base to write fair, and laboured much How to forget tha✡mming.
,
But our young gentlemen at school and college have rarely much to forget in this respect. The affectation of an illerible scrawl ought to be rated among the follies of giant fashions; but to
schema,
Take regis of the harbours, turns out on large amount of valeables belonging, to two tich
sad left the place sorowing over tas, loss of The dredging close investigation to be a comparatively easy familles there. Oh the gth, In broad daylight, and cheap matter, the soil being entirely com- boat loaded with cargo valued at $10,000, rosed of ane black sand for a depth of it least anchored at the month of the Hsin-hui river, 25 feet, and so can be readily moved. As to the was boarded by Another band, and the whole of railway, the road belog naturally almost 1 dende contenir taken out, and placed in another level, and clear of all necessity for tunnelling or host" "All this was done in sight of Hain-hul, boring, it becomes also an easy and cheap work: where two battalions of troops are pantoned The bridges required are extremely few in These vallant "brayer," however, did not make number, and such they are, can be erected an appearance until the pitates had distppeared at comparatively lule costa
Ifrom the scene?!