•
MEXICO AND FREE SILVER.
· The following article, extracted froin the Boston Herald of the 19th ult, will be found of deep interest at the present moment :--
For some time the silveries in this country have pointed to the prosperous condition of Mexico as a proof of what a country can do on a free silver basis. In this regard the evidence of Senor Da Enrique C. Creel, a financial authority of national re ute in that country, may be of interest In 'is opinion, the evolu- tion in favour of the gold stamlard has already started in Mexico, and be predicts that it will advance and gain in strength from year to year The reason for this is, in h's opinion, that the relations with gold standard coupuies, the influence of foreign capital and the credit of the country all tend to induce the people to demand a goki standard, and it is only a ques- tion of me when this demand will be so strongly made that it will Fave to be granted. When this time will come be could not say. It might possibly be a dozen years or longer. At the present tinele would
NT ADVOCATE A CHANGE,
for the result might prove a failure, and in such a cost would) delay the final adoption of the gold standar for many years more. But if Mexico continues to increase her ratio of pras. perity and to enjoy the „ord government which now exists there, he thinks the change may come even sooner than the limit he has set Mr. Creel gors quite fully into the reas ns for a change in the monetary system, reasons which are given much too fully for publication at this time. Among them, however, may be mentioned the decline in the price of silver, which, he declares, "is at the present hurting the general interests of Mexico."
The agricultural interests of the country are divided into two classes, home consumpfiau and exportation. With the first class the prize of silver is almost indifferent, particularly as the Mexican farmer consumes but a very small amount of imported goods, so that the value of his dollar is only considered for home or domestic transactions, T'u the farmer who raises for export is a strong advocate of the present system. He pays his labour and many of his other
EXPENSES IN SILVER, while he sells his products abroad for gold. This gives him an advantage, and an ad. vantage that he will hold to firmly if it is possible. In time, however, Mexican wages mayadvance until the farmer has to phy for his help in silver double the rate he would have to pay in gold. From that time on he would be no longer interested in the retention of the silver"standarḍ. Weh mining one of the great industries of Mexico, labour or wages represents nearly 85 per cent. of the cost, while supplies represent only about 15 per cent, and here again the great bulk of the expenses is paid in silver, while the product of the industry is sold for gold, and in many cases the dividends paid to foreign owners of Mexican mines are also based on gold. The railroads, too, have been built by nutside capital to quite an extent, and on these the interest and dividends are paid in gold, while their receipts are in silver. Mr. Creel states, on. this point. that he has been told that the Mexican Central Railway loses $100,000 a year for every ore cent of reduction per ounce in the price of silver.
There is a feeling among Mexican business men, according to Mr. Creel, that the gold standard countries do not have as much con fidence in the silver countries as they do in
AKS for ASAHI JAPANESE BEER.--
G. Girault
|
THE HONGKONG TELEGRAPH, MONDAY, DECEMBER 8, 1902.
those that have the yellow metal for their monetary standard For this reason the credit of Mexican, banks is often not as bigh in. foreign countries as it slingid be, and he was, therefore, of the opinion that
***THE LONDON AND PEKING EXPRESS.
"
St. Petersburg, October 29. Russia has been displaying unusual activity, .A CHANGE OF STANDARD
for some time in the direction of establishing would benefit the banking interests. At the direct intercourse by railroad between Western present time wages are low in Mexico, low even Europe and the Far East. It may well be that when measured by the allvér standard. The in this case she is desirous of showing the common labourer on the farm earns at pres. outside world that by constructing the ent only about thirty-seven cents a day, and Manchurian Railway overland travel from the other labour can be hirert'ns cheap as fifty English Channel to the Pacific coast in the cents à day—this, be it understood in Mexican, Far East will be possible in a comparatively not our own money. If a gold standard was short space of time. Towards the end of Ladopted there certainly could be no reduce September there was held in Paris a confer- tion made in these wiges. While the industriesence of the representatives of the Russian and in Mexico may be assisted by the low amounts maid for labour, this fact, also tends to keep, down immigration, which the country unques- tionably needs.
SINGER
Mr. Creel considers the labour problem a very complex one, but he is of the opinion that, in the main, the gold standard will favour the working classes, and he says;
While some business will have to suffer on. account of high wages, or if wages should have to be paid in gold, yet I am of the opinion that it would be better for the change to take place
and to
IMPROVE THE TRESENT CONDITION of our labouring classes. Let other business suffer somewhat and find the way of compensa-
tion. Compel our labouring classes to work more. Give them better fond, more strength, more nerve, more education, more ambition, bet'er wages, and compel them to increase the ratio of labour performed.
THE G
Intimations.
CHINA & JAPAN TELEPHONE AND ELECTRIC COMPANY,
'LIMITED.
HONGKONG EXCHANGE
OPEN DAY AND NIGHT.
SUBSCRIPTIONS.
EXCHANGE LINES, $80 Per Annum.
PRIVATE LINES, $100-Per Annum,
NO CHARGE FOR INSTALLATION.
foreign milway companies with a view to drawing up the regulation to be observed in this new through passenger traffic, which is to be begun early in 1904. Although the Siberian Railway cannot be considered as completed. for the present rails are too light. and there is still the line round the southern end of Lake Baikal to be finished, yet the | N.B-A spécial "chatte is made for lines of passenger traffic is growing rapidly.
It is estimated that there will by henceforth
2,000 first-class passengers a year, and; according to the International Fleeping Car Company, the through journey from Landan to Peking, via Paris, Berlin, Moscow, Irkutsk; and Inkow, will be made in just over days; at first the journey-will take 20 days.
14
There will be a great variety of speed on the various sectios of the journey; thus, on the French railway the speed will be 58 miles an hour, and only eight miles on the Trans-Baikal line. The average rate of speed per hour will The great bulk of his evidence is, therefore, be-Paris-Berlin, 53) ̃miles; Berlin-Alexan- against the continuance of the present sliver dravo, 40 miles; Alexandrovo-Moscow, 34 standard any longer than is necessary. This miles; Moscow-Irkutsk. 23 miles: Irkutsk-Lake is the opinion not of a Wall-street goldbug, Baikal, 17 miles; from Lake Baikal to Inkow, rat of a trust magnate, but of a successful 20 miles, and 231 miles between Inkow and Mexican business man who knows his country Peking. Through tickets will be issued from and her people, and who sees in the silver London, Budapest, Vienna, Amsterdam,, Brús. standard a millstone which prevents Mexico sels, Ostend, Litge, Rotterdam, Lyons, Mar from advancing as fast as she would indus.seilles, Bordeaux, Paris, Nantes, and from cer- trially if she had the sum monetary standard tain stations in Germany to be fixed later, to as the other great business countries of the
the stations Manchuria, Charbin, Mukden, world.
Inkow, Dalny, Port Arthur, Shanghai, Nagasa ki, Peking, and Tienisia These tickets will llow the holder fo take two months on the journey, and the retura tickets will be available for nine months. Every passenger will have' the right to take 108th, of luggage free. In the case of the express trains yearly tickets will be issued, and they will include board on the trains, exclusive of wine. Children under five years of age will be carried free; children between five and ten years of age will be grinted half-tickets.
THE COTTON TRADE AND
THE FAR EAST.
An address was recently delivered by Mr. O. P. Austin. Chief of the Bureau of Statistics, -United States Treasury Department, before the New England Cotton Manufacturers' Associa- tion at New York. In the course of his remarks Mr. Austin slated -
With regard to "the Eastern peril." so called, or the supposed danger that the cotton manu facturers of the world may be overwhelmed by the cheap labour of the Orient when it is applied to the manufacture of cotton goods, the developments thus far have not justified that belief. On the contrary, the increase in earn2 ings, coupled with the increased popularity of cotton goods which has come with the increase of cation manufacturing in India and Japan, has resulted in each case in an actual increase in the importation of cotton goods during the very period in which the home manufacture of cotton was making rapid gain. In Japan, although the number of spindles in operation has nearly quadrupled since 1890 the annual average value of cotton gonds imported in the five years ending with 19 is double that of the five years ending with 1890; while in India, although the cotton spindles have increase! in number from 1,400,on in 180 to over 5,000,000 in 1901, the average annual importation of cotton manu factures is ow greater than in 1880.
A
SEWANG MACHINES
IF BUY
YOU
A
SINGER
In addition to the ordinary passenger trains, three express trains, composed of cars belong. ing to the International Sleeping Car Com. pany, will circulate every week between Berlin and Dalny.-Globe.
Intimations.
AN APPEAL.
"THE SUPERIORESS of the ITALIAN CONVENT. CAINE ROAD, begs most respectfully to APPEAL to the Residents of satronage and support, and desires to state that Hongkong and the Coast Ports, for their kind she will be pleased to receive orders for all kinds of NEEDLE WORK.
Gentlemen's Shirts made t der, and Cuffs and Collars onewed on old 6.24,
Ladies and Children's Under-clothing C dren's Dresses, and all kinds of Embroidery, Materials can be supplied, if required.
The Superioress will also be most grateful for any PAPER, or old ENVELOPES to be made lato Books for the Children of the Poor Schools,
SK for ASAHI JAPANESE BEER.-who are taught by the Sisters.
G. Girault.
Bangkong and April, 1Ɛne,
more than average length.
ELECTRIC SUPPLIES OF EVERY DES
CRIPTION IN STOCK.
INCLUDING:--
BATTERIES;
CHEMICALS,'
INSULATORS,
T
Mails.
NIPPON YUSEN KAISHA.
(THE JAPAN 'MAIL STEAMSHIP COMPANY.)
PROJECTED SAILINGS FROM HONGKONG-SUBJECT TO ALTERATION.
STEAMERS.
KANAGAWA MARU
J. MacKenzie... TAMBA MARU
J. W. Wale.
KINSHU MARU*
F. L. Pyne......
SADO MARU
S. J. G. Parsons........
YAWATA MARU......
A. E. Moses SHINANO MARÚ*
M. J. Curnow
KUMANO MARU
.E. W. Haswell .....................
SANUKI MARU
BOMBAY MARU..............
W. Townsend
ཟྭ རྐ༠༤༠༠ བན』ལ ༣༠༦ ༠ནུབ ཏ
DESTINATIONS.
(MARSEILLES, LONDON & ANT-)
WERP, VIA SINGAPORE, PENANG, COLOMBO and PORT SAID NAGASAKI, KOBE and YOKO
HAMA
VICTORIA, D.C. and SEATTLE
U.S.A.,VIA SHANGHAI, Moji, KOBE and YOKOHAMA
SAILING DATES.
SATURDAY, 13th Dec.,
Daylight.
TUESDAY, 16th Dec,
Daylight.
TUESDAY, 16th Dec., at
4 PM.
MARSEILLES, LONDON & ANT- Saturday, 27th Dec., at
WERP, VIA SINGAPORE, PENANG,
COLOMBO and PORT SAIDs)
Daylight.
NAGASAKI, KOBE and YOKO-Į SATURDAY, 27th Dec., at
HAMA
Noon.
VICTORIA, B.C., and SEATTLE,TUESDAY, 30th Dec., at
4 P.M.
SYDNEY and MELBOURNE, VIA THURSDAY, 1st January, at
U.S.A., VIA Shanghai, NAGASAKI,
Moji, KOBE and YOKOHAMA 1915,
THURSDAY ISLAND, TOWNSVILLE
4 P.M.
KOBE and YOKOHAMA
FRIDAY, 2nd January, at
Daylight,
COLOMBO
Noon,
and DRISBANE
BOMBAY, VIA SINGAPORE and FRIDAY, 2nd Jan, at
Through Passedger Tickets issued for the Principal Cities in the United States, Canada and Europe. in connection with the GREAT NORTHERN RAILWAY and Atlantic Steamers.
ELECTRIC BEL Round-the-World. Tickets also issued. Between Moji and Kobe, 1st and 2nd Class Through
LIGHTNING CONDUCTORS, Switches
ELEPHONES,
WIRE, &C., &c.,.
PRICE LISTS ON APPLICATION.
ELECTRIC BELL INSTALLATIONS,
Erected and kept in order.
Estimates given for all kinds of Electrical work.
Trained Mechanicians sent to Out-Forts to fit
up Installations if required.
NOTE ADDRESS-2, Ice House ROAD.
For full Particulars, &c., &c., Apply to
W. STUART HARRISON, AM, INST. C.E,
Manager...
Hongkong; 14th October, 1961. -
LEE LOONG.
DEALER IN Forniture, Blackwood Pisted Glass, Grookery Ware, Brass and Iron Bedsteads and Rattan Sofas for whole set.
JUST ARRIVED. Nos. 1 & 35 D'Aguilar Streets Behind Hongkong Dispensary Hongking, 1st May, 1007.
MEMORY POINTS ABOUT
SINGER
SIMPLE,
SEWING
STRONG,
Passengers have the Option of Travelling by the Sanyo Railway,
For further Information as to Freight, l'assage, Saulings, &c., apply at the Company's 1ocal Branch Office in Prince's Building, 1st Floor, Chale Road.
་
Hongkong, 6th December, 1902 COMPAGNIE DES MESSAGERIES
· MARITIMES.
PAQUENOTS-POSTE FRANCAIS.
NOTICE,
STEAM FOR - SAIGON, SINGAPORE, BATAVIA, COLOMBO, PONDICHERRY, MADRAS, CALCUTTA, DJIBOUTI, EGYPT, MARSEILLES, MEDITERRANEAN AND BLACK SEA PORTS, LONDON, HAVRE, BORDEAUX;
ALSO PORTS 07 BRAZIL AND RIVER PLATE.
ON
N MONDAY, the 15th December, 1902, at. P.M., the Company's Steamship "INDUS," Captain. Duchateau, with Mails, Passengers, Specie and Cargo, will leave this Port for MARSEILLES, víá Ports of Call, WITHOUT TRANSHIPMENT.
A. 8. MIHARA,
Manager.
Is
ORIENTAL
COMP
THE PENINSULAR AND ORIENTAL' STEAM NAVIGATION COMPANY."
STEAM FOR TRAITS, CEYLON, AUSTRÁLIA, INDIÁN ADEN, EGYPT, MEDITERRANEAN PORTS, PLYMOUTH AND LONDON.
(Through Bills of Lading issued for BATAVIA, PERSIAN GULF, CONTINENTAI, AMERI-
•CAN an! SOUTH AFRICAN PORTS.) THE Steamship"
"BENGAL,"
Cargo and Specie will be registered for Lon-T don as well as for Marseilles, and accepted in fransit through Marseilles for the principal | Captain A, L. Valentini, carrying His Majesty's places of Europe,
Mais, will be despatched from this for BOMBAY, on SATURDAY, the zoth instant,
Shipping Orders will be granted till Noon. Carge will be received ou board until 4 P.M Specie and Parcels antil 3 PM, on the 14th instant. (Parcels are not to be sent on board;
Noon, taking Passengers and Cargo a the hove Forts.
they must be left at the Agency's Office:) Con-ad Tea for London (under arrangement) will Sift and Valuables, all Cargo for France,
tenta and Value of Packages are required.
For further Particulars, apply at the Com-proceeding direct to Marseilles and London
be transhipped at Chlambo into a steamer
pány's Office,
fo
figo
- G. DE CHAMPEAUX,Ű
Agent... Hongkong, 2nd December, 1902,
NORTHERN PACIFIC STEAMSHIP COMPANY.
BOSTON STEAMSHIP COMPANY,
BOSTON TOW-BOAT COMPANY.
PROPOSED SAILINGS FROM-HONGKONG,
Lond
VIA
MACHINES.
SILENT.
SOLD ON INSTALMENTS AND FOR CASH.
WE make but one grade of product, admitted to be the best; hence attempts at imitation.
SPEEDY
WE deal 'directly with the people, through our own employees all over, the world," selling 1,000,000 Machines
annually,
YOU get an up-to-date Machine, built on honour, to wear a life-time.
YOU get it for the Lowest Price at which such a machine can be furnished. YOU will receive careful instruction from a competent teacher at your home. YOU can obtain necessary accessories direct from the Company's offices.
YOU will get prompt attention in any part of the world; our offices are everywhere," and-we- give careful attention to all, customers, no
matter where their machines may have been purchased. YOU will be dealing with the leading sewing machine manufacturers in the world, having an" unequalled exprefence and an unrivalled
reputation to maintain the strongest guarantee of excellence, and fair dealing.
THE SINGER MANUFACTURING COMPANY,
GENERAL OFFICE FOR CHINA:
18, BANK BUILDINGS, CORNER QUEEN'S ROAD AND WYNDHAM STREET, HONGKONG. BRANCHES IN EVERY CITY IN THE WORLD AND AGENTS IN EVERY TOWN. RETAIL OFFICES. 3A, WYNDHAM STREET, HONGKONG.
64, ELGIN ROAD, KOWLOON.
SHANGHAI, INLAND SEA OF JAPAN, KOBE AND YOKOHAMA,
ather Cargo for London, &c., will be conveyed vid Bombay with Transhipment.
M. the day before suling. The Contents and Parcels will be received, at this Chce un and Valor of all Packages are required.
Shippers are particularly requested to not the terms and conditions of the Company's Bills of Lading."
For further Particulars, apply to
EA HEWETT,
Superintco
Hanne 6th December,
To be Let.
TO LET.
FOR VICTORIA, B.C., AND TACOMA, TWO SA PRAVA EAST.
WO SPACIOUS GODOWNS-Nos.
IN CONNECTION WITH-
NORTHERN PACIFIC RAILWAY
COMPANY.
Steamers. Captains.
Tacoma
A. Dixon Tremont Victoria J. Ponton
Tons. 1902-03
2,811 Dec 17 9,606 Dec 30 3.503 Jan.
Steamers marked (*) have no passenger accommodation.-
The attention of passengers is directed to the very cheap rates offered by this line to the Pacific Coast and to the Interior and Eastern Cities of the United States and to Europe.
Special rates allowed to members of Gover- ment Services
Through Bills of Lading issued to Pacific Coast Points and to the Principal Cities in the United States and Canada, ^:
For further information as to Freight or Passage, apply fo
PODWELL, & CO., LIMITED,
General Agents. Hongkong, 24th November, 1902,
(874d
KANANGA
OF JAPAN
(REGİSTERED) RIGAUD and C PÄRIS
the most delight
Tollet Water Itřenderätheskin Grin,relieves mosquito biles and imports a delicato fra gence and feeling of comfort and freshness.
Now Sensations in Perkimery RIGAUD'S KANANGA EXTRACT RIGALD'S WHITE ROSE RIGAUD'S MELATI EXTRACT RIGAUD'S IXORA D'AFRIQUE EXTRACT RIGAUD'S LILY of the VALLEY EXTRÀCI RIGAUD'S YLANGYLANG EXTRACT RIGAUD'S BANTAM EXTRACT RIGAUD'S JASMINE « Chemale EXTRACT
Kananga Water fully refreshing
TWO ROOMS above NEW VICTORIA' HOTEL
Apply to
H. N. MODY,
Victoria Buildingi.. Hongkong, 4th December, 1903"-
TO LET.
··[1328d
THE RETREAT," MOUNT KELLETT, HOUSES at CAUSEWAY BAY, lacing the
Polo Ground
"No. 1, RIPON TERRACE
GODOWNS at BOWRINGTON, Praya East. - Apply to
THE HONGKONG. LAND INVEST. MENT & AGENCY CO., LD. Hoogkong, 19th November, 1903. f2090
TO LET.
NON
[0.4, KNUTSFORD TERRACE.-KOW
Apply to
THE HONGKONG LAND INVEST-
-MENT & AGENCY CO., LD.... Hongkong, z1st November, 1902, fraord
TO LET.
EVERAL NEWLY BUILT EUROPEAN HOUSES is LEIGHTON HILL ROAD. Apply town a M
THE HONGKONG & KOWLOON: LAND & LOAN CO,, LD,”
No, 8, Queen's Road West,
Hongkong, noth October, 1002
TO LET.
EIRION No. 2, the Peak, 6-Room
October, 1902,
MH near the Flagstaff; from 15th
Apply
E. JONES HUGHES Hongkong, 7th October, 1901.
~~ Insurance.
WORTH GERMAN FIRE INNUBÁNCF COMCOMPANY OF HAMBURG,
PHE, Undersigned AGENTS of the above
Company are prepared to accept Fire Class FOREIGN and CHINESE RISKS CURRENT RATER
MSSEN & Co.
Hongkong, 281b May