THE CHINA CURRENCY
I.
WHY REFORM SHOULD BE SET ABOUT AT ONCE
THE HONGKONG TELEGRAPH, MONDAY JANUARY 4, 1904.
|-have compelled Chino-to-unload large amounts-
of silver on the Shanghai market and have thereby depressed the price of the metal the world over. The inevitable effect, not only upon China but upon Mexico and all other countries where the silver standard prevails, has been to shrivel up their purchasing power and to defeat, the purpose of all the costly and ostentatious measures of Caucasian intervention in Chinese- affairs for the last half century,"
Everybody knows that a bankrupt state is a poor customer. Hence the eamiest hope of the
DAMP HOUSES.
THE RESULT Of a wet seasON.
There is no need, when addressing residents in China, to go into details respecting the monetary systein, ne lack of system, of the Chinese Empire. Everybody knows that the dollars which do service along the coast are either alien or provincial; that they are not current coin in many parts of the interior; that their place is taken by the tael, a weight of English-speaking peoples for China's mpid silver bullion, usually about if oz, of varied | adyancement in power and wealth.—Shanghai' purity and hence of unequal valus; that the dftrcury. common coin of the realm is the so-called
(To be continued.) copper "cash," the nearest literal approach to "filthy" lucre, next perhaps to an old bank- note; that even the cash is not without variation, there being "good" cash, and cash that are otherwise, large casif small cash, and so on. All this is known only too well. But it is nothing new. So long as foreigners have been in China, so long has the present system prevailed. There was a time, it is true, when the tael was quoted at seven shillings and six pence, three half-crowns. It has been. and is now, considerably below the value of one, and in this fact we see the first great rea-reported from Derby, on the authority of the son why there should be a change and that Derby Express, in which a man, living in a damp home, fell so ill that his life was despaired of, and for three years his health was affected, until, in fact, strength was restored by a course of Dr. Williams' pink pills for pale people, Mr. John Cotton, who now lives in comfort at 27, Kedleston-road, Derby, gave the following account of his experience of a damp house to the reporter
Boon.
The next is more definite. Article [1. of the new British treaty comes into force at the end of the present year, now close at hand, without delay for consent of other powers, and Article II. reads thus: "China agrees to take the necessary steps to provide a uniform national coinage which shall be legal tender in payment of all duties, taxes, and other obligations throughout the empire by British as well as
Chinese subjects. By this, China is pledged to currency reform, and it will be to her own interest as well as to the interest of aliens for her to set about it as soon as possible. The difficulties that stand in the way we shall con- sider later..
A stable currency lies at the foundation of all national progress. China has great national resources, and a wise government would strive for their development, would hurry on the construc- tion of railroads, the practical education of its people.and do everything possible to increase its international trade. But none of these things are possible in their highest degree when there is a widely fluctuating currency to upset even the most careful calculation. What may be done even by a silver country when exchange is not too violent in its movements may be seen by the experience of Mexico.
Within twenty years her revenue increased nearly three-fold, from twenty-five to sixty-six millions of dollars; her imports nearly five fold, from thirty to one hundred and forty-seven millions, her exports in proportion, and her bank assets more than ten fold, from $30,000,000, to $320,000,000. Butas the "bottom fell out” of the value of silver, Mexico was only too pleased to be associated wịth China, and the United States in the effort to bring about a more uniform system,
In her note to the American Government, China very rightly insists on the advisability,
from a foreign point of view, of the encourage ment of such a commerce as hers may become, and to do them justice the foreign powers as a rule are at one with her in this respect. What England thinks is evident from her treaty. The
In England the heavy rain falls of the present year have caused dismay among householders generally, for damp has penetrated the walls of living and sleeping rooms to a considerable extent, and the effect has been noticeable in the great increase of complaints following colds and chills. These conséquences frequently prove more than temporary. An instance ist
use which I found was damp, especially the "Three years ago," he remarked, "I took a
bed-room. After living there only a few weeks I began to feel the fil-effects; I was sick, had no appetite, and turned against food, and felt so miserable and weak that I had to give up
work for two months. At the end of the sum-
mer, being no better, I went to Scarborough, hoping the change would benefit me. But 1 became worse there, and returned home, 1 managed to resume work for a time, but then the crisis came I had to take to my bed and call in a doctor, who said that I had gastric ulcer and that my heart was diseased. At this time I was quite unable to take solid food."
Then my friends sent for a physician, who told my wife that I was almost bloodless, and that my case was hopeless. Another doctor said that he had never known so serious a case a mine. A second specialist was consulted,
for the palpitation of the heart was very bad. Various treatments were tried for months, with some improvement at times, but in October, 1902, my health had quite broken again.
"Then my brother persuaded me to try Dr. Williams' pink pills for pale people; in fact, he bought me the first bottle, being so convinced of their merits. After the third bottle was empty I could feel the pills had done me a lot of good."
In what way did you feel a change?" "The sickness left me, my appetite returned, and food nourished me. I could walk without.
distress, though when I was ill going upstairs 1 certainly attribute my present gond health to. made me quite breathless. Now I can run up,
Dr. Williams' pink pills for pale people, for I have not felt so well as I do now for over three years."
|
imports of silver-using countries from gold arising from weak nerves and overstrain, or Dr. Williams' pink pills cure all diseases standard countries amount to some $600,000, from residence in tropical climates, such asliver ooo (gold) annually, China being the largest buyer though her purchases amount to only. silments, the after effects of intermittent, some 50 cents (gold) per head. Contrast this malarial, and other fevers, paralysis, locomotor with the trade done with Japan. There within taxy (the latter always incurable by ordinary. ten years the imports have increased from medicines), sciatica, St. Vitus' dance, spinal about $1.25 a head to nearly $3 a hear. Were disease, nervous, headache, and heart disease; Chinese trade to grow like that as the result of, also disorders arising from weakness and im modern methods and a stable currency, there poverished blood, such as anemia, consum p- would be a total of $1,200,000,000, a full third tion, rheumatism, indigestion, shortness of more than the largest amount ever imported breath, hysteria, female disorders, and pale and by the United States in a single year.
sallow complexion. These pills (which are Again, India, a near neighbour to Chion, intended for both sexes, but are especially and more like her in natural resources than valuable to ladies in the characteristic ail any other State, has successfully tackled the tents of their sex) are sold in round neck- question of her currency. With a bullionless bottles, with a pink outer wrapper, value of about eightpence half penny, there is bearing in red letters the full name (even no difficulty in keeping her rupees at the words), Dr. Williams' pink pills for pale steady value of sixteen pence, to the great people." The words "for pale people" were advantage of her people and the benefit of her adopted for use in England and America Government. Siam, likewise, has made her they have reference, of course, to Europeans attempt, She does not intend to displace but the pills are equally adapted for all races silver, but like India, hopes to establish a
and castes and for both sexes Wherever a fixed relation between it and gold. She tonic and strengthening medicine is required, starts with a ratio of 20 ticals to the pound Dr. Williams' pink pills are invaluable. They sterling, and hopes by and bys to make it give strength and make blood. seventeen. There is no season why she should obtainable of Dr. Williams' Medicine Com- not succeed, provided she is let alone, and her pany, Holborn Viaduct, Londoo, Government continues unshaken. The great 201 experiment made by India proves what can be done by prudent foresight, from resolve, and ample capital. The British Government met with very severe criticism when the new de-- parture was made, but the wielders of the greatest financial operations ever known might have been trusted to do the right thing. A experience has shown, they were entirely in the right, and that best of flattery, Imitation, is now being axtended to them all round. · As we have seen, Moxice, China, and Siam have 1 QUEEN'S ROAD, learnt the lesson. France for Indo-China, and
and England for her Straits Settlements are
They are
Notices of Firms.
NOTICE.
THE PARTNERSHIP hitherto existing between Myself and Mr. JOHN HAS- TINGS having been dissolved by effluxion of under the Firm Name of DEACON, LOOKER time, my Business will in future be carried on
and DEACON.
VICTOR H. DEACON. Hongkong, 1st January, 1904. NOTICE.
[6¢
as and Shang-FOAM. DEACON and Myself having is warmly advocated in Honglong as been THE PARTNERSHIP between Mr VIC-
bal as elsewhere. The same principle is being oxpired, I shall carry on my Business in copled by the Americans in their new Phillip future at No. 2, WYNDHAM STREET (Old) pine currency.
German Club Framises).
JOHN HASTINGS, Hongkong, 1st January, 1904-
NOTICE.
Finally, the advantage to China with regard to her indemnity payments is one not to be overlooked. The United States and Great
166
SEREE from This Date to sign the
[70
LUTGENS, EINSTMANN & CO, Hongkong, 1st January, 1904. LUNION OF PARIS FIRE INSURANCE
COMPANY, LIMITED.
Britain were quite prepared to accept the pro.WE have authorized Mr. L. M. H. 8015. position that China made, and relieve her of the added millions brought about by the fall in Firm. exchange. But other nations could not see their way to do this, Early in the year the New York Journal and Commeritsi:"Bulletin wrote respecting the indemnity, "I is an Important consideration for the United States and the leading European powers whether they have not injured themselves as much as they bare Chins by insisting upon heavy interest payments on the Chinese indemnity, which
AGENTS for the abore: Company are “HE Undertigged having been appointed prepared to accept RISKS against FIRE at CURRENT RATESAAMERAEjerandel
OBIEMSSEN & CO.
Hongkong, IH January, 1904.
For Sale,
FOR SALE.
Consignees.
NOTICE TO CONSIGNEES.
THE P. & O. S. N. Co.'s Steamship.
HEATH'S PATENT HEZZANITH THE
BELL SEXTANTS.
Other Makers: Hughes, Cary & POTTER, &c, to be sold cheap.
Apply-
"BOX,"
Cio Hongkong Telegraph Office Hongkong, aand December, 1903. [15350
FOR SALE.
INCANDE
[ NCANDESCENT GASOLINE
LAMPS
OF ALL DESCRIPTIONS, from the best makers,
INCANDESCENT MANTLES,
CHIMNEYS,
GLOBES.
SHADES, &c.,
for Gasoline and Gas LAMPS
at the most moderate
prices.
Lamps fixed up for Buyers free of charge.
Naphtha of the best kind kept in stock. TẠI KYONG 00
56, Lyndhurst Terrace.
[sy Hongkong, 2nd January, 1904.
Entimations.
F. BLACKHEAD & CO., SHIP-CHANDLERS, SAILMAKERS, COAL, AND PROVISION MER-
CHANTS, NAVAL CONTRACTORS
AND GENERAL COMMISSION
AGENTS,
16, DES VŒUX ROAD CENTRAL, HONGKONG, SOAP AND SODA MANUFACTURERS.
SOLE AGENTS FOR LIARTMANN'S RAHTJEN'S GENUINE COMPOSITION RED HAND BRAND, HARTMANN'S GREY PAINT, DAIMLER'S PATENT MOTOR LAUNCHES, &..
&C.
• &c..
Sale Agents for FERGUSON'S SPECI ́L CREAM
and.
P: & O. SPECIAL LIQUER SCOTCH WHISKY, &e.
EVERY KIND OF SHIPS STORES, AND REQUISITES ALWAYS IN STOČK
REASON ARLE PRICES. Hongkong, 15th December, rooz. THE HONGKONG STUDIO,
HIGHER CLASS PHOTOGRAPHER, ¦
41 & 43, QUEEN'S ROAD CENTRAL, TOP FLOOR.
*
E
ORTRAITS, GROUPS and ENLAR, PORT
GING and COPYING in all Sizes.
LARGE SELECTION OF VIEWS' ALWAYS ON HAND.
I
PRICE VERY MODERATE. Hongkong, 15th September, 1003.
SANITAS
FLUID
OIL
CRUDE FLUID
POWDER
EMBROCATION
$$AP8
'DISINFECTORS
INHALERS
FUMICATORS
COLORLESS
FRADRANT
NON-
SENTAS POISONOUS
SINFECTI FLUID
Sulphur Candies - Formio Fumigatora)
DOES NOT STAIN.
KILLS ALL DISEASE CERNS. OXYGENATED THE AIR.
KINGZEIT'S PATENTE,
**HOW TO DISINFECT” Bank Frov,
}
THE "BANITAR” OO,, ktch, Bethnal Green, LONDON, X.
DISINFECTANTS
MEE CHEUNG,
PHOTOGRAPHER,
TOY FLOOR: or ICE HOVIL, IN
Ice-Flouse Road.
"BENGAL,"
FROM BOMBAY, COLOMBO AND
STRAITS.
Consignces of Cargo by the above-nained vessel are hereby informed that their Goods are being landed and placed at their risk in the Hongkong and Kowloon Wharf and Godown Company's Gedowns at Kowloon, where each consignment will be sorted out mark by mark, and delivery can be obtained as soon as the Goods are landed.
This vessel brings on Cargo
From London, 8cc., az S.S. India, From Australia, ex S.S. Britannia. From Calcutta, er S.S. Palawan. From Persian Gulf, &c., er B. I. S. N. and
B. & P. S. N. Co.'s Steamers. From Alleppi, er S S. Nisam, Optional Goods will be landed here unless instructions are given to the contrary before 5 P.M., TO-DAY.
Goods not cleared by the 8th instant, at 4 F.M., will be subject to rent.
No Fire Insurance will be effected by me in any case whatever.
Damaged Packages must be left in the Godowns for examination by the Consignees' and the Company's representative at an appointed hour.
All Claims must be presented within ten days of the steamer's arrival bere after which dale they cannot be recognised.
No Claims will be admitted after the Goods
E. A. HEWETT,
Superintendent.
bava left the Godowns.
F
[4
Hongkong, 2nd January, 1994.
TOYO KISEN KAISHA.
NOTICE.
"ONSIGNEES of CARGO per Steamship
"HONGKONG MARU,"
The above Steamerhaving arrived, Consignees of Cargo are hereby requested to send in their Bills of Lading for countersignature, and to take immediate delivery of their Goods from alongside.
Cargo impeding discharge and undelivered by TUESDAY, the 5th instant, at 10 AM, will be landed and stored at Consignees' risk and expense.
J. STUART THOMSON, Acting Agent Hongkong, 2nd January, 1004.
.S.S." POLYNESIEN,"
COMPAGNIE DES MESSAGERIES MÁRITIMES.
NOTICE TO CONSIGNEES.
CONSIGNERS of Cargo from London ex s.5. Memphis and Charante, fram Havre ex s.s. Charante and from Bordeaux ex s.s. Villa de Lorient, in connection with above Steamer, are hereby informed that their Goods, with the exception of Opium, Treasure and Valuables are being landed and stored at their risks into the Godowns of the Hongkong and Kowloon Wharf and Go- down Co., Limited, at Kowloon, whence delivery may be obtained immediately after landing.
Optional Cargo will be forwarded on unless istimation is received from the Consignees before NOON, TO-DAY, the 30th instant, re- questing it to be landed here.
Bills of Lading will be countersigned by the Undersigned. Goods remaining unclaimed after WEDNESDAY, the 6th January, 1904, at Noon, will be subject to rent and landing charges.
All claims must be sent in to me on or before
(I the 6th January, 1904, or they will not be re-
cognised.
now in a position, in his New and Com- modious Premises, to eclipse, as heretofore, the in any part of the Far East. ALL PHOTOGRAPHIC ART PRACTICED
BIG
GROUPS AND VIEWS a speciality..
qan kamqashe, 1Ral
OURES
MEN & WOMEN
·BIG @ LÈ á. Non-petsesats [remedy for any unnatural - discharge and madammation, irritation oraleeration of in acous membrance. Fainlovej
Quarnatənd not to striatumą.
| Prevents contagion.
SOLD BY CHEN1578. Circular mailed on request. MANUFACTURED NÍ The Avails Chemost Co.,..,
**CINCINNATI, O
All damaged packages will be examined on WEDNESDAY, the 6th January, 1904, at 3 P.M.
No Fire Insurance has been effected.
G. DE CHAMPEAUX,
Agent. Hongkong, 30th December, 1903.
[x0040
FROM HAMBURG, EMDEN, PENANG AND SINGAPORE.
THE H.A.L. Steamship
"BADENIA,” Captain Rörden, having arrived from the above ports, Consignees of Cargo are hereby requested to send in their Bills of Lading for. countersignature by the Undersigned and to take immediate delivery of their goods from alongside.
Optional Cargo will be forwarded unless notice to the contrary be given before TO- DAY,
Any Cargo Impeding her discharge will be landed into the Godowns of the Hongkong and Kowloon Wharf and Godown Co., Limited, and stored at Consignees' risk and expense.
No Claims will be admitted after the Goods have left the Godowos, and all Goods remaining undelivered after the 5th January, 1904, will be subject to rent.
All broken, chafed and damaged Goods are to be left in the Godowns, where they will be examined on the 5th January, 1904, at 3 P.M.
No Fire Insurance has been effected,
HAMBURG-AMERIKA LINIE Hongkong Office. Hongkong, 31st December, 1903.
NOTICE TO CONSIGNEES
THE P. 40. S, N. Co.'s Steamship.
"PALERMO,"
[15690
FROM ANTWERP, LONDON, FORT SAID, SUEZ AND STRAITS,
· Consignees of Cargo by the above-named- reskel are hereby informed that their Goods are being landed and placed of their rich in the Hongkong and Kowloon Wharf and Godown Company & Godowns at Kowloon, here sach
consignment will be sorted out Mark by Mark, and delivery can be obtained as soon as the Goods are landed,
Optional Goods will be landed here unless instructions are given to the contrary before
TO-DAY,
Goods not cleared by the 6th January, "at 4 PM will be subject to rent
No Fire Insurance will be effected by me in any case whilayer,
Damaged Packages must be left in the Godowns: for examination by the Consignee's and the Company's representative at an ap- polated hour.
All claims must be presented within ten days
Mails.
NIPPON YUSEN KAISHA.
(THE JAPAN MAIL STEAMSHIP COMPANY.)
PROJECTED SAILINGS FROM Hongkong.—SUBJECT TO ALTERATION,
STEAMERS.
KINSHIU MARU
F. L. Pyae ...0-24-201
NIKKO MARU ...................... E. W. Haswell.........
DESTINATIONS.......
SAILING DATES. ROMBAY, VIA SINGAPORE andĮ WEDNESDAY, 6th Jan,, st { COLOMBO ................................................
NooD
(SYDNEY, MELBOURNE
and
ADELAIDE, VIA Manila, ThurS FRIDAY, 22nd DAY ISLAND, TOWNSVILLE and BRISBANE .....................
*Through Passenger Tickets issued for the Principal Cities in the United States, Canada: and Europe, in connection with the GREAT NORTHERN RAILWAY and Atlantic Steamers Round-the-World Tickets also issued. Between Moji and Kobe, 1st and and, Class. Through Passengers have the Option of Travelling by the Sanyo Railway,
For further information as to Freight, Passage, Sailings, &c., apply at the Company's Local Branch Office in Prince's Building, 1st Floor, Chater Road,
Hongkong, 31st December, 1903.
COMPAGNIE DES MESSAGERIES MARITIMES.
Paquebots-POSTE FRANCAIS.
NOTICE.
STEAM FOR
SAIGON, SINGAPORE, BATAVIA, COLOMBO, PONDICHERRY,CALCUTTA,
· BOMBAY, ADEN, DJIBOUTI, EGYPT, MARSEILLES, MEDITERRANEAN, AND BLACK SEA' PORTS, LONDON, HAVRE, BORDEAUX;
ALSO
PORTS OF BRAZIL AND RIVER PLATE.
ON Company's Steamship TUESDAY, the 12th January, 1904,
"ANNAM," Caplain Girard, with Mails, Passengers, Specie and Cargo will leave this Port for MARSEILLES, við Ports of Call, WITHOUT TRANSHIPMENT.
This Steamer connects at. COLOMBO with MARSEILLES v BOMBAY and ADEN. the Australian Line SS. Calédenten bound for
Cargo and Specie will be registered for Lon don as well as for Marseilles, and accepted in transit through Marseilles for the principal places of Europe,
Shipping Orders will be granted till Noon only on MONDAY, the 11th January, Specie and Parcels received until 4 P.M. on the same day. No Cargo will be received on board on TUESDAY.
Parcels are not to be sent on board; they must be left at the Agency's Office. Contents and Value of Packages are required.
(10040
For further arned'ars, 'apply at the Com- pany's Office.
DE CHAMPEAUX,
Agent. Hongkong, 31st December, 1903.
NORTHERN PACIFIC STEAMSHIP. COMPANY,
BOSTON STEAMSHIP COMPANY.
BOSTON TOW-BOAT COMPANY.
PROPOSED SAILINGS FROM HONGKONG,
VIA SHANGHAI, INLAND SEA OF JAPAN, KOBE AND YOKOHAMA, FOR VICTORIA, B.C., AND TACOMA,
IN CONNECTION WITH NORTHERN PACIFIC RAILWAY COMPANY.
Tons.
Captains.
1904
Steamers
Lyrat 4,417 G. V. Williams. Jan. 20 Olympia... 1,83 A. Dixon ...... Feb. i Shawmish...... 9,606 W. M. Smith... Feb. 19. Taconia* ...... 2,812 (M. Ridley.............. Feb. 16 Victoria...... 3.502 Truebridge... Mar. 16 Tremont ...... 9,606 T. W. Garlick., Mar. 15 + Cargo only. Steamers marked (*) have no second-class 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 Govern 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 Fassage, apply to
DODWELL, & CO, LIMITED,
General Agents, Hongkong, 4th January, 1904,
Insurance,
NORTH, SERWAF FIRE INSURANCE COMPANY OF HAMBURG,
THE Undersigned AGENTS of the above
Company are prepared to accept Firs Class FOREIGN and CHINESE RISKS A CURRENT RATE),
SIEMSSEN & Co.
Hongkong. a8th Mar;1801.
To be
OND FLOORS of No. 34
A. 8 MIHARA
Manager.
Hotel.
KING EDWARD HOTEL.
A HIGH CLASS PRIVATE HOTELĄ
LADIES' AFTERNOON TEÁ ROOMS,
*PRIVATE BAR
AND
BILLIARD ROOMS. ROOMS.
Hot and Cold Water throughout. Electrically Lighted. Electric Fans (if required).
Electric Passenger Elevniar to 'each Floor,
Table D' Hote at Separate Tables.
For Terms, &c, apply to the
MANAGER.
Hongkong, #şal. October, 1992,
THE
ROBINSON
PIANO
THERE IS, NO
CO LTD
XMAS GIFT
GIVES SUCH GREAT AND PER MANENT PLEASURE AB
THE
APOLLO"
PIANO PLAYER
IT IS A
PRICE:
From $450 up.
REVELATION
Pay PART. Cash and Balance
LATER
VICTOR TALKING
MACHINES
absolute reproduction of the human Solga by the Best Rise
Comic B
Good Band rundy, SPECIAL OFFER at this Season,
PAY for the Records now and far the
Machine LATER,
PIANOS:
POST OFFICE, after MARCH 3185 Low Prices during K'inas week. FIRST 98% ROAD CENTRAL, opposite the Magnificent Instruments at sped
at present occupied by Menn. POWELL
of the steamer's arrival here after which de&Co. and the COSMOPOLITAN HOUSE, This to inspect our stock if you wish to nick
they cannot be recognised,
No claims will be admitted afte
Goods
have left the Gedowns,
Suparintendent
rst December, 1903.
House is especially suitable for people where handsome gift,
seeking places for Hotel purpoached
Plesse apply to
TERRACE SANG FAT,
de at the above Address, Ingkong, tab December, 190je (15610)
Our NEW STOCK OF MUSIC has arrived,
Hong Sony, andå December, ryos