CO129-251 - Acting Governor Barker - 1891 [9-11] — Page 55

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credit. &c. Nr Kesuress Bill should be made

law to guard private credit- and protect the stability of small private forins.

"These, under present creuinstance, have been affected by the deliberate depreciation of

their stock

by

necTV

of

short-selling. Hongshong cannot boast of many great- financial institutions, its

nonetary strength is composed

of such small.

namily

firms:

In these paragrapho the petitioners stultify themselves They pose

pose on the one hand

as benefactors of the bolony and on the other they advocaté selling in the stock

over-se

market. This will nal

22.23.24

naturally

subject stocks to violent to

fluchiations

26.27.28429

fluctuation

little

We have very

employed or

floating capital here, and

cannot expect to attract it from outside. What capitalist

mi

the world

any part of th

would invest his

"The rise and

money

in shares that are manipulated like shettle cocks by ingenuous operators here

fall in shares of the stong's long &Shanghai Banking. Corporation are referred to in the petition and we are told that "the bears had only to wait--" According to their

the Bears,

our shor

benig

showing,

opposed by Bullo, have the power to depreciati slocko here. Moreover the

абско

Bears become Bulls when it suits their purpose, and

Metern

I