1892-07-02 — Page 5

THE PERCIOUS METALS.

[L-THE DARK AGES DUE TO HE FAILURE

JOP. THE AUPPLY.

| to tena thau 390,000,000 P. 17a was only infer from staring the table prebors, which shows that with an annual supply of the macials of $72,000,000 the per capita trade of Great Britain was only £ is. to which figuro it would soon drop, and perhaps lower. of gold is constantly dronsing. Lording to - sight of that tha supply Bostbear's inbimy the averago sanjual production of gold in 1951 as follows:

1851-00................. 8141,000,000, ................... 132,000,000

It must not be

1981-70...

1371-30.................. 320.00 1,000. 1801-88 8000,000 There is at the cometest probability that thin

It has been stated that Jacobestimated that the value of the pacious meta's in Europe at the time of the discovery of the new world was only $167,000,000. This does not mean, however, that the entire amanant prated coin. On the contrary, the quantity of money was ridicu lously small, and by far the grinter part of the $167,000,000 presented the tmsires of kings. fandal lords and thourohes in the shape of sraaments and vous. The givstion naturally arises what became of the fist treasures of supply will be increased. On the contrary, there the Romsan, and the query brings to mind la every reason to believe that it will contina to the striking fact, hich serves great preshrink from year to year until it sous te be wineres in the discussion of the money worthy the designation and at no very distant question, that the has empire enjoyed ita greatest degree of pilities! and commercial prosperity for the iso are inked together during this period wha Cour and the other new querors were pouring inte Bome the treasures of the conquared progpes The chinf object of Roman conquest wasthe soqaluition of tha pre divas metals, and th great generals of the em piro wara is profision in the art of mining as ibey were in action Evory resource at their command was playd to coax gold and sliver from the sarth, and he value of a conquest WES always mosarod by te amount of treasure it resulted in producing

dar gald pieces may be as Aard to acquire and their porchasing power prove as great as during the nidite ages, when a modest pisos of the pol law motal would buy a herd of cattle. When that time arrives trade most nocasarily be paralyz ad sad the sivilized world may easily relaps into the condition from which it was only awakened when gold and silver tram Amaries poured into Enrogs.

TES BOIGROTF DAIGE ELBU SATIADAT, FILC awa. 2592.

when the Wufted States, two yours later, at the andaharged protoction with causing the instigation of Englishra, Imitated Germany, bronhle. But, unfortunately for their colN.COM aliver was at a premiumgovar gold, in tale i tion, the farmers of the Toited States sonid coaster

pay their debin when prices were high, as they were in 1879, but cannot in 1892, whuu they are low. Not only has the American

Value of an quKey of 1,01% FINE KÖLYER, Olondar

Average Calendar Jaar

FOR SALE

FOR SALE.

A Small InvoTOR OF THE WELL-KNOWS N- F. MUM00.8

CHAMPAGNE,

antation, farmer felt the pinch of the decline. The tro G.

$1,333 1.340

quotation.

you.

1889.

$1.597

1881.1.

1534

1.823

1809.

1585

1,808

1883.

28.10

1345

1984

1.345

1815 1365

1.

1539.

1,301

1867

1850

142 1387

1810:

1,13

1309

3611

1 316

13959

1328 1.83% 1.835

1842.

1,300

1373

1.82

1571

1.320

1844,

#1304 1572

1945.

1.238

1.302 1.008

2840.

-100

1974

1,228

1647

1,303

1673

19:0

1849

1,801 -1376..

1840

1,809 1377

1.302

12.50.

1314

1873

1903

1852.

1.396

1853

1.348

1291

1.182 1.123 1.145 1.103

1951

1392

1955,

7.344 1893.

1850.

1344 1891

3257.

1.359 1295

1859.. FRM

13H 138

1113

has been universal La England it has caused the value of agricultural land to depreciate fally 25 per cent...mad evan with the norresponding fall in rentals the British apricaturalist finds It impossible to make living, and is obliged to send his Ishourers adrift, and the poor devita emigrate, go to the poorhouse or starve to death. The trouble is not duo to protection and high prices. Low prions are responsible for it all, and the depressiminust continue tu ingresso in in- tensity unless the remedy of rasumption of binetallism is applied.

In Canas of 1 don.grarte at 823 par Case, In Chews of 2 doz. piuts at $ por Chun.

SHEWAN & CO.. Agents

Hongkong, 12th May, 1892,

BANKS

THE NATIONAL BANK OF CHINA,

T

·LIMITED.

AUTHORERD CAPITAL, ...... £1,000,000. SUBCRIBED .........

INSURANCES

SUN INSURANCE OFFICE, LONDON

500,000

}

Tean Oppice-HoNerosa.

COURT OF DIRECTOR). 1107 D. Ginn, Fang,

CROWYUNG SANG, B. | CHAN KIT SHAN, ER- W. Wotzou, Esq.

C. J. HIROT, Enq

Kwas Gm Capex, Esq. Chief Manager.

FOR SALE.. HAS. & KTOSTECK'S

$26

CUARTAGNE, CO WHEE SEAL

247

$14 $15.

....................... per case of copsargaerts

............. per case of & dozas pints. PAUL DUBOIS & Co. CLARET, CHATEAU LAROSK

................. por ines of I dózan quarte

........... por cast of 2 dassa pints. ‚ PONTET CANRT. $19... por caag of i dorng" quarts, PALMER MARGAUX.

$3. par sams of I dozen quarte. 29 ................... per kase of 2 dezen jänty. GORMONT.

SABU

86.50

$

per case of 1 de

per caso of 3 abran pints. JOUN WALKER & SONS OLD HIGHLAND WHISKBY.

press of 1 down vidios.

ADO QUTLER PALMER VOĽ

WINES AND SPIRITA

STEISSEN & O Jonkong, let Margh, 1892.

FOR SALE.

IV-GOLD APPRECIATION MUST stor. Can the old order of things be redoral witla enfely? 1a a question frequently asked, and the ingairy is frequently coupled with author. Would it be fair to resort to bimetalltum if the 1.135 aftent of it would be to impair the value of ar- 1.0 isting orodita? Suah inquirers have nothing 1.06ises in mind than the wellera of in owtior of 0,940 money To them it is iomaterial whether com- JK-DEMONETIZATION OF SILVER.

LAD 1397...... 0.0788 morce tourishes or is deproseed; whathor, oan) If the consequences of the demoratization of

1.852 1989 0.997 re muployed at fairly commuerativo wages or nea silver are likely to prove an appalling, tray de

It will be noted from tha'above table, which. staroing. They don't give themselves any con neé mon shrink from the danger and strife by by the way, was published on the authority of corn whether the producing classes are making

• It has bien mentined that dacing the reign overy mains in their power to avert it? The the Director of the Mint that the value of so a fair prof, or whether their proinstions and of Augustus, 1.p. 14 the Roman Empire tene mer to this would probably be that cance of 1000 fue diver was $1.922 i 1979, ant targad out at a loss. All they cry out for is cheap posacred gold and sire to the reine of nearly propio of the world are made up of three cieger, thyan months prior to demevetization by the ass an that their incomes may stretch further. $1,800,000,000, and this amount was steadily add. The smallest, but most infasatial, noting on United States. Ou the ratio of 15 998 to 1- But it in the duty of the statramen to ignor ad to during the reign of the wiser Cesurs, who the very, "Aftar ine the deinge"; a second that fixed by ene law-silver was therefore toonaiderations er uazrow and dish as this. worked the mines of the empire indefatigably olsas waren ahief charactoriatie is ignoranca, premium of over 3 cents au urca, the Tulus of This prime duty of the men who make our lar Their besotted and block-stained successoru, ne who side with the wrackons of society boss an ounce of 1000 fino silver at one callo boing is to give as a money which w are that the duabt, were as anger to binin gold as the An. they are mistad by the megans of the industial Si 29,

| debtor be not called to pay more than ho agroed, tonines, but unfortauntsy most of their mathode ofaese, and a third whero'zal sad numbers are How in the Inca of much reidance can there be and which will guantes to the wrediter every wve destructive in the rosnita. Their sense-scarcely a match for thoning of the law who the pretence that the cbject of demonetisation out he overrated for. lees wary and continuous hterual discord gradasised the schema of demontiation and have was to prevent the imaginary ills that might ually reduced the supply, til finally toward the panhol, it to the verge of mosoga

Proot has koen piled on proef that golaAMPAGNE "NOMOPOLE daw from the Avor;production of ser? Ass does not answer this requirement, and that fall of the expire gold ad silver became zoned- There are some advocates of gold monoter of foot, zo such proteman was made the bimutallim alone can give an a rownably fair MONOPOLE RED SEA (lam dry). ingly acarca. It was the beervation of this fact metallien who unbinshinely declare that they time. Inried no pretanzes were mado at all. money moany which in the case of deferred that led the historian Allos to dispate Gibbonte favour a single standard boostins gold is the only The job was done by staltb. thom necomplish payinouts will not place the debtor at sa absolute theory of the dooling of ke Roman empire and metal having invariability of waine and wha ating it working like soak thieves, making badindvantage made him unhesitatinglydolare that the paralytempt to exonse their position by oenorting that love, while they wore so ammating an infamy. The money conterence which is to be hold sis of cameros pistes far more potant part the proimation of silver had began to increase that they were only affnoting sono triffing will, if the men who attend it are honest, hare then the doosy of the mitary spirit

op such a scalo as to threston to renter the watat | changes in the laws governing the Mint | no diffiomily in deviding that bimetallem in por. 11 would regaire to wuch Apens to argna callems. Monornatallista of this claw me as It is not a profitablo lask, however, to diadues foatly praatioable, as did the English Hoyal these vioke at length. ht the Madera who soss dishonest as the dollar they advocate, which has this phaes of the gasation. It only shows up in Commission appointed to inquire into the sub. the mighty rosalia ofthe extension of trade, not an invariable but has a decidedly and son. an zoenviable light the fact that Americans wersjack. The members may urge that it is not o whoso operations are ot helped by military stantly increasing value.

prerreached by snob souzeelors as the English pedient, on the ground that a too sudden return movements, will be very apt to disent from the There is another class of monometalists who bakor, East Sord, who furnished the brains to the old condition would work a hardship on cortons idea tast an mpire can only grow by say that bimetallism is an impossiblits and that for the man who framed the low to strike down creditors by reducing the value of their credita warlike mothea, and as a mora plausible sola- the ratio of the two merele cannot be determined silver.

and bring a flouacial orisis. But no crisis which lios of the question lu be rios of the historian by law. It in to this latter class that situation The law demonetizing silver hat scarcely bean could be brought about on equal the harm done i was declares that Kamna greatness became ex-will first Indiraute, us by exhibiting the absurd. mado public when its effects hegan to be por by the antinaces depression which is radacing tinguished brass shefailed to provide herself ity of their coutations abundant erids will evived. Silver which was quoted at $1.389 an millions to beggary in the face of a constantly ⚫with tho nacassary minn for expanding her be insidantally adduced to enfioieatly disprove cunsa at the close of 1972 feil to $1.98 as dozco increasing ability to produce wealth.

commerce.

the seaumption that gold has a fixed value and in 1873. From then it doolined until it rouch. to dispose of the barofae falsehood that the in 84 cents an ounce in 1891, the quotation oreased production of silver had oased u sanai factuating about this figura at present. anes ar led to dementiation.

Whatever other canes may bars contributed to the decadence of a grandeur of Rome it mmt be admitted the the want of the previous metals was the ebisote, for the evidence in overwhelming that men the steady supply of the precious metals casal trads began to de- oline and the people oa ona aivilized world ro- lapsed into birbariem

No injury that the oreditor clars could suffer on possibly be equal to that in listed in a single year by the fallio pricas, us resembled by the New Tork Tribune. It is this that is to be thought

"PUT YOUR SPAKE TIME IN

·THE BANK.**

Back Limited? No? Well, then, you m

Did you come hear of the Australian Time know about it, and right away; too.

-HEIDSIECE & Co-

Do

ONY

DO

Do."8" Ro

do

GOLF-FOR-(dry).

(xura dry)

CARLOWITZ & Co. Solo Agenta u RIUMIECK & Co., Redis,

· For Hongkong, China, and Japany Hanzkowe. Hat July, 1985,

[1161

FOR SALE.

JURE ITALIAN CLARET, at Si per

Cool,

DEST MARSALA WINE, at $31 per 1 Oask.

CURA VERMOUTH DI TORINO, at 37 | per Case

D. MUSSO & 00. Hangkeng, 4th June, 1892,

FOR SALE.

BEST STEAM COAL.

FOR SALE.

Gro. W. F. PLAYFAIR.

ADVICEZ COMMENTER IN LONDON. THOMAS CARMICHAEL Eq Mears. Dest,

Palmer & Ca JOIN BOTTERY, Esq. Messi, John Buttary

&O..

C.B. STUART WORTLEY. Eng., M.P. for Hallam. Gro. Kura), Manager. BANCERA

THE ALITANCE BANE, LIMITED: THE COMMErcial Bank oF BOOTLAND.

YOKOHAMA-D. Frasen, Manager.

SHANGHA-C. J. Galzowat, Manager.

AWAY. ANDsos, Manigar. Current Accounts opetel. Motty received on Deposit. Drafts iued. Bills parotinad and oullected. Advance made on Securities or Goods in Neutral Godawan. Tauri Bank Aganoy basinoes undertaken.

Interest for 12 Mootha Fizet......

.....4

..Current Accounts% For Aston of Interest for other periods apply co thu oriser.

Ronching. 18th May, 1992..

HONGKONG SAVINGS BANK.

THE

:18:

THE Reinam of the abiro Bank is conducted. |

by the HONGKONG AND BHANG- HAL BANKING CORPORATION. Rules may be obtained or application,

INTEREST on deposita is allowed at 34 PER CENT. per sanum.

Depositors may transfer at their option bal- ences of $100-or-more to the HowSKOND AND BHANGHAI BANK to be placed on FIXED DEPOSIT at 4) Pan Carfr. per annum.

For the HoyGRONG AND SHANGHAI

BANKING CORPORATION,

F. DE BOVIS,

Chief Manager. 111 Hongkong, 12th August. 1991; TFONGKONG & SHANGHAI BANG. ING CORPORATION.

PAT-UP CAPTIAL.

[1241

RESERVE FUND

1033

the Kolors are 30 in din. by 73 lour. HORIZONTAL SUGAR CANE WILL with one 40 H.P. N. Bagino, Ginring q

fe Jantzen, De Julius Kramar, Esq.

Founded 1:19.

Undersigned haring bra appealed AGENTS for the above Company, are prepared to ACCEPT RIBKS against: FILE at Current Rates.

BIEMSSEN & CU.. Agente

100 Hongkong, 10th May, 1999..

GENERAL LIFE AND FIRE ASSURANCE COMPANY IN

LONDON.

مجب

THE Undersigned having been appolutať Agents for the above Company, men pres parse to ACCBT RISKS galast FIRM and LIFE at Con mi Ratos.

REUTER, BRÖCKELMANN & Co. Hea kong, 1st July, 1889.

THE MAN ON INSURANCE COM PANY, LIMITED.

HEAD OFFICE-HOSGRONG CAPITAL (8URORIA2D), $1,000,000.

BOALD OF DIRECTORS... LOM SIN Sana Bug.

BAY HOP, Esg. | Tor Crone PANGE Can I Cпor sq Q. Hot One, Esq

MARINE RISKS foall parts of the World, The Company GRANTS POLICIES on payable at any of ita Agenci

Untributory Dividends are payable to all Contributors of Business, whether they an Shareholders or anf.

WOO LIN TUEN. Secretary.

HRAD Overor,

No 2 Queen's Road West,

Hongkong, 14th March, 1841,

1650

【ORTE BRITISH ANDMERCANTILE

INSURANCE COMPANY,

TOTAL ASSETS az der DSCEMBER, 1891; £10,895,989 9€ 114,

1-AUTHORISE" Capital..£3,067,000 £ G.L.

Avasormed CAPITAL. 9,750,000

PAID.UT CAPITARA ... $7,500 00 LET FORD 77.177-13-9 - The Undersigned having been appointed AGENTS for the abre Company srz pri- pored to ACCEPT RISKS against FIRE t Current Ratar.

SHEWAN & Co.. Aganfa Hongkong, 1st July, 1892

[1496

IQUITABLE LIFE ASSURANCE 80. CIETY OF THE UNITED STATES. ..$10,000,000

6.000 ASSURANCE IN FORCE ..9

- £187.£88,306 New ASSURANO 1891 48.548 319 ABCTS, SIST DECEMBER, 1891...... £8.974,091

Tlargest Tifa Aurance Boricly in the Word...

0. R. Bassoon, B.

Chige ManÁGEM. I Hongkong-F. DE BOYLA, Esq. MANAGER Shanghai-J P. Wads Gard'nen, Esq. LONDON BANTRA-LONDON & COUNTY BAND- ING COMPANY, LIMITED.

**-*** Hoxanese--INTEREST ÁLLOWER, On Current Anconai, at the rate of 2 por Cent. por, Annum on the daily balance up to 2200,000.

On Fixed Deposit

For Granaths, per Cent. per An

324h.100

Par 14 months, 43 per Coat, per annum apto

For 12 months, 4 par Cant, por Annum on

HONG KONG INTEREST CHARGED.

on Loans against Blures with full Margio 6% on Adrances agailes Goods is Neutral to

downs

down..

Y

to lift 3 toas, naitable for a Wharf or Lighter, 17an Advances against foods in Privata Go-

6 H.P. N. Portable Borzek and Baeräs with enlargal fire back for humming Wood or Coal, Horizontal and Vertical DRITING ENGINES, and BOLLERS Parinna sise up to SH.P. V. Lunch's EN61% suitable for a hout bait 10. long. Playing MACHINE to plano by 4 by 25. 1-17 Centre Bores Caiting 1 Pescais And Sugar-

Absolute Security.

Lo Premium,

Large Profits. Percates and forms of applicatio, &e apply to

SHEWAN & Co. Agenta

Hongkong, Jet July, 1802

1437

NIX FIRE OFFICE forsigned are now prepared to GRANTPOLICIES of INSURANCE+gaicat FIRF at Carrart Rates.

Tue

DOUGLAS LAPBAIK & Co.,

Ageuls for the Phonit Fire Offow Hongkong, 17th August, 1997

[16

FIRE INSURANCE COMPANY, OF 1877 IN HAMBURG..

THE Undersigned having been appointed.

Agoats for the whore Company, are prepared to ACCEPT RISKS, againe FIRE at Current Katos.

REUTER, BROCKELMANN & CO.,

Agente. Hongkong, lst July, 1889.

[193

CHINA FIRS INSURANCE COMPANY LIMITED.

ESTABLISHED 1870.

HEAD OFFICH-Horgen

CAPITAL TWO MILLION DOLLARS.

1

EO

PAID GT CAPITAL

F.DE BOVIS,

Chief MageT. Hongkong. 13th May, 1892.

THE CHINA & JAPAN TELEPHONE

COMPANY, LIMITED.

LIST OF BUBSCRIBERS TC THC

HONGKONGTELEPHONE EXCHANGE.

borden Dosk

W-Abericen Hapor Mile Olion, Wing Lok St. Abarten Papae Mille Aline Mom Hoopital

gazios Gap

Central

3-Honkong Hotel

(Publio Telap bowel

RESERTE FUND

CLAINTS PAID... BOSSES PAID

$40,00

779,00

918,000

403,000

RISKS accepted at CURENNT RATE OF PREMTA

JAS. B. COUGHTRIE.

Sauretary.

Hongkong, 29 March, 1893

1863

81.-Hongkeng & Kow | TRANSATLANTIC PIRE INSURASOE

kon Osłowe Us :

COMPANY OF A KRITRA.

0-'kong & Shanghai

Booking Corp

1.-Hongkong Tolog ph.t

--Hoghoe, E. J., Ros. 50.-Imports & Export

Oxfo 91.-Jardine, M. & Co.,

Keriano Godowa 23.-Jordan, Dr. G. P.

Nobody heard of the dishonest silver dollar Bimetalliams ancient as civilizating. til the dishonest gold manometallists, by deof, namely that if the remedy is not speedily sp There is no period in the history of man whoretising silver, caused its prios to drop. But plied the purchasing power of gold and en- gold and silver worn not equally eatsomit ze when in 1876 the agitatia for remoustization run to increase eten more rapidly thon money on some ratio fixed by nonvention of law, comendod, the fall of prices sharply calling it has in the past, and to havs seen from

hat this ratio bas pot ratied greatly may be in. attention to the job and its enourquenons, than the avideños presented that the decline prions 18 Dadarsignal beg to informs the PublicRARY LIABILITY OF PROE TUES...810,000,000 This patiod is karn in history as the dark forred from the fest that in the time of Darius the gold toncmetlists hypocritically called stage 1872 has been at least 45 por gent to that they have been appointed AGENTS

COURT OF DIRECTORS ages, and its chief characteristic is nerally ($21 Bc.) 131 parts of silver wore regarded as attention to the fact that the advocates of bime-pat it another way, a gold dollar will a buy to HONGLONG for the SAIPANG, and SATTE. DAVIES, Esq.-Client. assed to be the olcuration of inle lect. But oqual to one of gold, and were so declared by law talism denized to decir, by laws that the value tidly hate as radeb again as it did before de MEI COAL MINING COMPANY, of Koss, H. Jerrius. Esq-Deputy Chairsan, it can hardly be a icthat there was no intelli- Iranty-four centuries later the proportion was of an aunce of ticar was $1.29, when the market toonetization. If a balt is not called upon the and are now prepared to supply COALS of the James T. Ball-Irving, Esq. 1. Kanutie, Ema grace, when the evidnes is abnadant that mental 165 to 1 No doubt during the interracing goatstions actasily shevail that it was only process by legislation the creditors will soon said Mines at the most reduced and moderats. J. Halliday, ber J. S. Mas, Eag nativity was proneamed, in one direction at Imat, period there were serious fluctuations What worth $115 au m

have everything, or the trouble will be rectifed prices. Of religious discusic there was more than based them, or whather say serions attempt was These diabooost critics ignored the foot that by a rofolation se far renahing in its con Sampler of these Cools we daly tucked by emy: The free theology were kept burn over made by the Romans to preserve an equ!-silver, like gold, derives its olisi vaine from its equences as that which marked thy slow of the Mr. ANDREW JOHNSTON, Eugier Saveyor ing constantly and she shok-had resics of blues in debalable. Des thing, however, is as moray. And the United 18stos in 1873 eighteenth century.-S. P. Chronicle

and found, as per Certificate, to be clean and great mageituda lolol with. It was during certain. There is no record of any civilisof deliberately onnoted a law delring silver the

good burning Goal. tan dark ages that po magnificant specimsus of people suce the Christian era seriously props only legai tauder moury, the effect would have architecture which be moderus admire, but doing to disconfines the nse of silver as money.

An inspection is respectfully invited. been to depreciate the raine of gold as compared

TOONG TAI CARONG & CO, not hope to rival, core rested. Certainly the The first essays in the dection of monome with silver, and if the whole world at the same

Collieries' Aruncy, gasins displayed constraction and tea art. tellism were made by the Barlish, and had for time had entered into se agreement to ose only. with which these catractions warn ornamented their object the enhancement of the vase of silver, un pones of goil would epoodily hare

21. Central Prayal. Hongkong, 4th November, 1891. do not indicata siggish mide or abscans of the enormous ontutanding oredits of that nation. parchand loss products than an ace of the

If they ho any maning for us it is J. Thorold Rogues, whose authority is rarely white metal. simply that all mare intellect and energy wiro questioned on such ashjesta, declares that ip

Mr. Anstey describes it. The ina la this. No sansible man will attempt to dispate the You don't use all gone time to advantage. Most min to serves a single purpes, and that was the stock exchange gaanritios at least $10,000,000,000 position that the valas of the two precious of it in fact runs to waste. You often have the rearing cue

1 is ars of thisiscussion a datermine what But he adds, "This by no menus exhausts the maka this parting wit, the full knowledge that the time slides out at your possession, just as Hoiler, Capable of Crushing 80 tour of Caveans in excras of 2200,000.

ave knor or ticketed as English property.falú is Astermined by their nae as money. We time. but ao chanos to invest it profitably. So ses brought abat such resell, and what debts owed to people who va or accumulato in Edvard Atkinson has placed himself or record spilled water aaake into the ground and is lost. brite up the habitaf oanturies and made mad the United Kingdom. English capital has genes holding the theory that gold has a fixed value, Sappose you cald put your useless time into & per day. 1 Horizontal Sugar-Cano MILL, the turn their thought to things material. We all over the whole world. English houses of busibat such a theory is too ridionions to reire a bank, as you do my, sad dew it out on ebacka tollers or "6" in dis by 54" long, with one aduit, în'a zeneralway, that he offect of the pese are soldad in most countries. n the moment's rospotiul consideration. Nothings you want it. De you soo? Wouldn't that Capable of Greshing 150 tons of Cane por day 24 I.P. N. Bugile Gawing, xud Boiler growth of month i to turn the thoughts of a profis dus from them are part of the indobod. can have value in itssif to value can only be be what the Americans all "A big thing " pople from thingspiritual. Es Attia philo. ness which has to be annually paid." And then determined by onsoring it against something "Bosh! Sta! Hambug!" you way. It Ceatriferal Sugar Curing MACHINES oplars its bitoriaus of ancient Rome propeeds to remark for the bazofit of isolo. Stauley Jerous in his Theory of Politics is impmaible. If we could do that we might with 2 Double Drying Engines. JIB CRANE 7 on Current Account Overdrafts intas infrase of prosperity wars to the English renderar "You will see, then that Fesmong has given a concise defnition of valeo, bank time enough to tara into boss nad girls yership of the ga, au formatted the concept every year a vast aamat of gush or property which shows how indierons is the view of ikinagalu."

at religion canus long sprue tha inmidions bee to be importel lato England to pay theron la sags: "Valm in exolange expanses so- tacks of taxney, May wo at neaspt the con: annual charge of ban foriga debt bold her."

Trno, ov vo might, but us you say, it cau's bo thing but a ratio, and the term should not be used done. Yot, isa't, there a moral in the rm of fais ief and assume that with the de.. cus of wealth nter the fall of the Rem in om-

Perceislur is so clearly is it remarkable in any other sanya. To speak simple of the valas Onon your eyes and rand. The moral is plain as pre man's thougsta turned to rod and religion critor ose should hesitate to girs ha a ratio of the number avonten? What is the your waste time. then don't waste it.

that the expencal of the interests of English of an apes of gold is as absurd as to speak of the track ca on elephant. If you can't get back bome their dul occupstinu. In other words,sion to a money palley the inevitable offpots of ratio of the sambor Boy atres ? The question thy viraltions because heir minds wore which must be to enormansly ouhxuce the sales admits of no anawor, for flere must be notiorill Oh," you say, "bat he can't help itunes Bud LATHE

Now Isn't a man wasting time when he gets distracted by the desire fer gain, which is of Bugih orodits? Nor is it remarkable that number and in owlar to make a ratio, and That's wraseuss than the Time Bauk. 1NG MACHINE late Bonding MACHINE. itions when rude is risk at bringe pro- the prespat of the immediate gain should have the ratio will differ according to the amber Tos, he can help it, nine times out of ten. EMERY TOOL GRINDERS sparity in its traía,

blished him and made him incapable of perveis. suggested. What is the value of iron comparad

A FIVE BARKELLED NOEDENFSLT If this view is correo then the assumptioning the fatura dagenes of fisos policy with that of gold is an intelligible question, on to talk like this: "There was never

Look for a second. Here's a transACHINE GUN, 550 Calibre, with Stand, that the stagnation of the wild ages was duo ulously analogous to that of killing the goose Theater consists in stating the ratio of the sayo," a stronger man in England than 1 wa upin perfect order. Cha Ergous Anil Brech are Shield, Heppars, and Fittings all complete and Le lack of the precious meiss, sh abandang that in the golden egg.

quantities orc bauged."

to Decoraber. 1894. I am a gamekeeper, and which would ithvitably have itinalated trader Anming the correctness of Ragars' orkula- Hara then is indicated the only mode of as-atant this dias wo bad end of treable with a handsomely Nickel-plated. darot bolly opt side. No athor tion that the income derived by the British pertaining the value of goid. To macb of gang of poachers. I bad te koop watch all night

10 Centre Screw Colling Roske Dyre. are cold somat for the plenamonca. 11 holder of foreign seutrities and debts is iron, steel. out any other commodity will long and was scave-ly uror in bed and often slept Screw Cutting Lacs of varione sizes. Sitting gilant de to ameipt the rash celulers of some $500,000 annually, we can form some idea of purchase? If it will paruha twice as wack in my damp clotice. At last we sabbed the MannINES, SHAVING MACHINIS, Ratial Drill-Anders, Capt. U... writers who tall is that the chef rbstzolos to the tromandons temporary advantage rent Bei-today of nearly every conceivable article, then ponchors and landed them in jail. Shortly after ing Madeves Drilling MAINE, Seren

Prays Central ade in the midle ages were the predatory taju derives from the discrediting of silver. The abrinasly ita ratan has increased, and he sat this I was takaa bal. At Brat 1 merely felt Calling MACHINES. TAPS and Ding various

-Anderson, Cant. G. bits of the feudal lords, for they may be effort of diminishing, the volume of wotallic sized stawionary ar fixed

Praya Bast Lat un laice aos tired and doll.. 1 had a bad taste in the athis. Horizontal and Diagonal Brean WIN-

Atoll, gerberg Co grerad by the scurtion that the fondi agatom money being to radnon prions, the English ure figures from the latest abstracs of the United with lime covering my tongue and teeth. I CAES. Patent STEAM WINDLASS Patent 5-Rey View Hotel

the nations of the Isolation which is the ditors have the parabasing power of their income States Baman of Statistics and see whether could eat little or outhing, and what I tid ost Steem and Hand Power Steering GEAR, Stanm 65-Blackberd & Co., Ma. ast striking aware of non-enemist peoples, augmented by an amount equsit that of the gold has ity of value.

Pupa, taam Donkey Pexes. Cantrifugal gave me great pain. I felt as if haldin ́a vime; Foudelina was posible data there was no doslice it the value of commodities Asthisis- artoosiva tms. It roosivad is Grat serious cline siner demonetization by the United States it was quoted at $17.59. In 1872 bar iron rolled up a great deal of phlegm. I had a dreadful and CHAISH, Probing BEARS, Single ghd 18-Battarista & Swine

in 1873 pig iron was worth $48 a tua; in 189! breathing was laboured and short, and I spat Peurs, Fures Purs, Westor's Patout BLOCK-Baker & Co., Praza J.--Jordan, Dr. Rob blow from the growth of the free cities, and be in 1979 has been estimated to be aurarly 40 peras sold at $97.63 in 1891 it could be bad for hacking ough, and could get no sleep at night; Double Purchase Crab WINCHES, HYDRAULIC-Battarfeld Series

aus wine!, what the national das developed goat, she English or editora may be said to un 842.56 Steel rails, which were sold for $85 for after ten mints' sleep I would wake up and DRITING WHEELS, Shafting and Palloys. I Lalf, chiar through the pity the later beneftin to the amount of at least $300,000,000 Loa la 1812, nes now a drug at $30. Cat nails vough for two or the hours at a spell. Night Hand Power RICE BELLING MACHINT. Hand-Cutie 1,

JACKS, Overhead TEATELLERS. Hand Power 42:-Ûúnadian Pacifis Rail -Do. Ceassway Bay 4-Lspruik. J. D., 960. foourse which the growth of the fres sitios created. | gaar by the operation.

word $5.46 keg in 1972; in 1801 their prios after night I heard the clock strike grors hour,

Cable, Dr. J., Tak

wurt Terrace Nor uit hoessfully meingino I that the But while ton oreditors are inamaging that was $1.86. Bitaminas al which cost B£311

Power Stest PLOUS MILLS, and the couplate 4-Chiva Mall Ofice

Laprsik Ca.. D. When the bad attacks came on I felt as if ! wars of the milde ages proved a barrier tocom wealth by the may process of enhancing the tou in 1873 was 89.50 in 1891 Wheat, which was should suffoonte, and End to be bolstered up in plant of Powerful Laundry MACHINELY that 71.-Caina Sugar Refinery29-ckintosh, E.,B. S-MAZEwen, F. & Co. meron. These answer may be made to this value of their credits by indoing the who $1.47 bashel in 1872, tumbid to 83 cents in had. I was coughing and spitting up mattor formarly belonged to the Hongkong Stom Town Cice

6-Manage' Rom calation that was anggoated nav reply to the make our laws to limit the legal fudor quality 1800.

72.-Chiun Spea: Befoery Moant Austin Hota!! umption that fendalian opera to restrain to gol, with is constantly growing sparser, the cents in 16 sants a pound; nega ferm 6 to 17 weak I noaldn't walk Borong the or, and if I Brothers:-1-8 out. Steam HANKER, Celia 19-Daily Free o

Suis leather made a table from 26 and phlegm all night long: Fiusly I got Laundry Ch. Just arrived Erona Seat and

Exer Foint

foÑam Wa'& Ca, Wieg trade, namely, that the war wore hrgely in con- prodeoer and the debtor-pearly agnourion cents a dosa; ad ue on through the whole long ventured out way breathing was so bad that I der 03′ in dia. by 16 stroke, 1 ParoLING G-Dakin 3.

Lok St. nagpangs of the ebienos of the bonds of tenda terma in modern times-are slowly being driven list of productions.

-Pant Houl. which in modern times have beenfound strong to the wall. The produser suffira dirietly be

41.-Dodwell, Carlil& Co. 20. Peak Hotel & I. Co. had to stop and rest every fow yards. Of course and SHEARING MACHINE, to Punch and Sheer ounect to avart many wara.

Who will have the territy in the face of I was obliged to give up my work, and for eight plates, and ons 6' and ada 7o Coatre Soraw 14,--EE &.& C. Tel. Ca. 19.-P. & D. 8. N.co. cause he is almost invariably a debtor. As the such evidense to repost the faulisk assertive months I did staing, I was under the doctor Cutting LATHS.

15-Gas Co.Id. West Point 3a.Quarey Buy Sugar W must after thorough invatation, coupé príone of his producte deoling the work of mat-that gold has a ñaud value or that a gold dollar if this time, and froth the first he said m

Por say farther particulars' apply to the

17 Do. Do East Point Belnury the so elusion that trade languishal during thing his abligations becours trare and more one is always worth the me! As well night the was a bad ons. Afbars while he said to my Machinery Getown, No. 3Cross Laun, Wnuchni, 1-Governmen: Kar

31.--Gibb, Livingston & Co-31.-Bay, B. C., Ees. middle ages for want of the mone antal, and rana, until fanly he collapses. While he is chim be made that the burglar's jimmy with wise. Your husband is in a consumption and

6-6, E. O., O Deur No. 2 Polies Station. that inly revived after the torory of being dragged down. if be is sa employer, he which he plea open the door of the house be ie will never got better?

-Govt. Civil Hospital Bailor Home Hongkong. 9th November, 1991, 139014-G+Noe TalegraphCb 7.-Scott, H. J., tes. Arrien ard the consequani influx of gold and draga down with him all his working man. If going to rob is an horeet instrument. as to "I thought it was all over with and every

Dr silver. Tinerenaine supply on bean to start any outs, say doubt of this he has but to fast that a goil dollar, which will now buy 45 one who w me thought I would die. About

7-ottish Orients]

Steamship Co. 1 revivifying influense, and beforethe cloxo af observe the bone of traste in Bagland since per cent more of about every commodity than this time I read in a Liverpool paper of a medi

40.-Bhewan & CoP the sixteenth watery a revolutionof the most 1833. The whole period has been one of depronia 1872, is sa housut doller.

Onatral far-reaching charaster had onerred. The writersalon and hardship for the teiler, and the average purchase ER meb of an asoregs number of sou who lives in Eirargoel gut ne two bottles, olus called Morther Saigel's Corative Syrup, The only bouest dollar is the one which will and fancied I should like to try it. So a700, on the Reformation noter trace & connection of profita has not been so low for a century. between the supply of gold and alver and the It will not do to essart that the working momodities at one time as another. Statistics show and before I had ass up the second one my growth of Protestantism, but the critic will share in the cheapuose, for the facts are all that the silver dollar, or rather silver bullion, cough was all gone, any breathing was easy, and agen discover, if he seeks evidence on the point, ngainat such an sumption. In the Arst places nearer pussessing this quality than spy I could eat anything. I soon got back to my that the movement call megar han aceted the nomins! wages of labour have not remained other dollar or watal. In support of this state work, and have enjoyed good so and balta over had there not been a wonderful derdopment of stationary bat have declined; and continas ment we ubmit testimony from the columns of since. When I began taking the Syrup I was material wealth concurrent with it Motley, deslize. But far more important in the fact an extreme geld morometallic paper, the Nowo low I don't believe I could have heid cat in his graphic description of the single is the that owing to the paralysis of true millions of Tark Tribune, and B. G. Dan's Commerolt pet lenger. I have lived all my life in this Netherbods, dimly parceived the fact, and men throughout the civilized work are ont af Agenoy roport substantially agrees with it. Oc district, and in my prosent house forty years. presents many fantances of the curious is omployment and are unable to obtain the measy April 11th the Tribune said:"Muck oxxrent tion of religion and trade and in one place to buy the necesarios of life. What advantage complaint is dambtless duo to the fact that prieve, i

(Signed) THOMAS BATEMAN,

"Marbury Look | Sumatra, Jara, Borsao, Northern Australia, FOR SALE AT HALF-PAICE. enlarges on the growth of commerce a Holland dous cheapness hava for the million peopls intro low, the range of 200 sommodities being in the midst of the bitter strange against London that English statisticians tell as are hert 13 per cent, lower than a year aga"

Near Whitchurch, Saloy. Quesastav. Central America. Natal, Mauritius, "March 23rd, 1891" Philip ., but he gives the reader to improsbororing on the edge of starvation? If beslis In April, 1991, an ounce of fine silver was

and the West Indies. From all sub-tropical HANDSOME AMERICAN MANUAL sion that it was the roligions enthusiam of the puny a pound and the miserable toiler is quoted at about 15 per cent. higher than in experience? First that he had no real couproval of the publication nud an eouraging EQUALLY BEETED FOR DRAWING ROOM OR

What are we to learn from Mr. Bateman's planting settlements we have bad cordial ap-

AND PEDAL BASS ORGAN. Urteh, that promotul ads, and b, as was penniless, be most starve unless reliered by April, 1892. We serously ask which is the dis smption. His cough and a spitting up of measure of mapp.rt. The English Indian and really the eas, the prosperous soulition of charity.

bonest dollar, and whether a gold doller that will matter were symptoms of a thoroughly disorder. Colonist Prose bave spoken in comandatory

CHURCH. trad, due to the causes we have indicted, that The gospel of caspaces is only preached and bay 13 per eest. more in 1992 than in 1891 ised condition of the digestive organs, brought on terms of the T. 4. sa also Drestors of Public

DIMENSIONA-Length, feet 11 inches; wade the Datehmen contend heroicaly for the honestly baltosein by those who are nasured of deserving the appellation? If the gold dotlar by exposure, loss of rest, and the breaking up of Gurdens from Bir Joseph Hooker, F.R.S. height, 5 feet 2 inches width, 2 feet 4 inches. right to worship God as they plass and to a fixed inco. They have roman to approve it, le benost, then blaok is white.

In Walnut oars, carved and poliebed govora these! ras after their own fashion.

fall big regular kabits of life. This reculled downwards, and to havi ́ail planters. fox it wisans that the dollars they are savo sa re Bat the gold standard is not an honest from his outlying for the poachers and bis

This instrument has Six Octares of Keys, If we are convinced that the denudes of the calving will parehas more when things ara standard, and it would require a violent foolish siseplog in his damp ofothes. Acats in-

C. Scale Six Yaty of Needs, Fiftoon Stops, vin.. great Ennaples was almost wholy due to ehoup then when they aro doac. Priitiosi ecar alrefab of the imagination lo conesi ve ith digestion and dyspopeia followed, of course, with

Diapason. Media Viols, Dalool, Prishni, the dnstruction of its trade consequut mon mists of the free-trade school, whose obie stook chief supporters as really desirous of an all the suffering which be details so well. But

Celeste, Flats D'Amour, Collo, Cremona, Fugle The scarcity of its previous metals, want shall we in trade is abstractions, although they endeavour honest money. They don't want anything of was the illness his fault? We do not say it wa sy of modern statesmen who, ignoring all the to dersenstrate that obesproes is equally bene the kind. What they want is a money which his fault, for way be bis occupation campalled in alett, lettered, with comprehensive intes, for Orgao. Foot Fetal, Swell Foot Feds. Foot Hoza, Forte, Vox Humana Cotive Coupler. Bourdon Pedal, Mannat to 'Pedals, rend trobings of silatory, deliberately entie upon a Biolal to the whole of makind, one and all admit will constantly appreciate in valde, so that their him to take such risks, but where diezo is ons £1 1. for R18), carriage prepaid. faoi course which if persons ad inmast re- that the surest sign of prosperity is a rising credits will be sabensing while they sleep. Their case of this kind thers are a bundred in which sult an disastrously to mankind as did tas in market, and that the ioder fluger, which paints purpose is precisely that indicated by J. Thorold the evil might have been averted.

As a mating for English, American and Podata Blow Handla Podala-1 Set 30 voluntary Blosing of the mainos in the oli wald P to depression is low prices or chadness. John Bogers, only they don't put the thing on national

Australian ADVERTISEMENTS of goods Notes Fadal Reede, 18 foot Pitol.

Con ba man at the Offes of the Daily Press We conclude then that prevention is better (suitable for the beoples, India, as well as Coylon Our vanity may lead as to imagine that ony Stuart Mill has noted this, and so has orory angrends. The only nation or religion they know thau cure, but when a cure must be sought, the the Straits Settlements, Java, and West Indies any morning between the bours of 10 A. and civilization is too broad to permit the petition ther entitled to consideration. Mea soinen- is to increase their riches, and what better as spessful and trustworthy remedy is Mother or conuostad with agricultor, the Tropical Noor. of such a catastrophe, but we should to allow sistant can hardly be looked ep tous leaders of pauld be taken to somplish auch an object Seigel's Syrup. Mr. Estarman told John Wit Agriculturist stands unrivalled, the work being. ourselves to be led astray by egotian. The opinion.

than to have a money whose parohieing power inson this and his account will soon be printed. constantly in the hands of Native as well as Fu anciente buď attained a breadth of catre which But even though free traders fail to admit the gross on increasing from day to day.

16-01- only the ignorant underrate, and if the light of fuot that prosperity and bigh prican Bra ayuang. Take the onerete cans the creditor who in their attainments was extinguished ears way be mons, and tast choupases and depression are as 1972 leaned the farmer 35.000 with which to securely Linced as the criminal with a chain and improve his property. If the agreed rate of

FOR

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Ton, Cano, Cinchons, Colce, Indiarubber Bigar. Palms, Cotton, Dardaniorus, Kola, Caen, Cinnamión, Nutmega, Fibrons Plants, and other Products suited for Cultivation in the Tropics. Pablished at Observer Ooo, Colombo,

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ropean and American agriculturists. Haing a Monthly Periodical, the Tropical. Agriculturist lies on the table and is very often referred to during each month.

Mr. W. T. Thiselton Dyer, F.L.S., C.MO., Assistant Director of Kew Gardens, writing of the T. A.. refers to it as an astonishing re-

botany of the East."

EON YON BECKERATH, RUDES.pertory of averything relating to the economic,

НЕТЯ.

For the sale of plants, souls machinery, i ..............$ 4,50 1 də qis implements, &e, used in tropical (toa, sugar,

8 604

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"

89.00 2

also.

That they are in a fair way to my bia.ballallahut, commercial toy affords ingres was per cent, and money valges had ferred from the fact that the single gold stand abundant aridens that enca is the case. Why, remained steady, the former during the interval and idea ocxtemplates the abandonment of the then, should lawmakers defy Tex and adopt a would base her able to par bis interest every Be of silver an urnoy metal. If this eriginal polisy which has for its deliberate purpose the year by selling 216 bushels of wheat, the proceedi effort succeeds more than one-half of the pro- chuspening of all commodities ? If low prices of which at $1.47 a babel would have realised cious metals in existens will lose their rooney must bring depression and inlawry in their train, S. Finally when it carus to lifting the in- oberator, and the future supply of the metal why fores on the world a monetary system dabtedness he could do so with the proceeds of the LAUBENHEIMER. Available for money purposes will be a constantly which, if porsovered lo, manat and in condition sale of 5,400 bushels of wheat. But the best" GRAACHER decreasing quantity.

of affairs similar to that which existed in the old gol dollar being the only legal tender ses how BRANKEBEEGSBR 7,00 If the dixination of the averago suunal out-world before the discovery of America? the farmer infected." Whomt drops to 80 ZELTINGER AUSLËSKS B.00 put betwere 1881 sai 1889 of the precious That the object of thy gold monometallists in conta■ buskot, and to raise the $300 to pay his metala enused an almost immediate dai to make money dear and sil cormalities cheap interest scoonat he has to sell 333 bebel SCHARLACHBERGER ...$ 800 1 antion of British trade, what must be the is indisputable. No seiauti explanations or instead of 204, and Baslly, if in spite of adver

...9 9.00 izoritable result of wholly depriving more spacious assumptions osa disguise this object. circumstances he je ale so settle, he must all NTURSTEINER BERG 39,00 Lhen one-half of the supply of the presDenonnetisation of silver was not reserted to 5,555 bushels of wheat instead of 3,400... Usually vions stala) of their moons quality P 1 the because over-production of the white metal had he is not able to do so, and the money-lender reduction of the output from 3209 500,000 per disturbed the ratio. That is a falsehood which foreclases and takes his farm. year to $188,300,000 made the foreign trade of can be disposed of by a table which shows that This is no tunoy #pictures tho]grooveda Berland Bariakrom: £20 5s. per capita to £19 when Germany demonetised silver it was at of the great farming regions of the Un|| 10a purkapita, what would be the effect of out-premina gror gold on the sstablished ratio of ted) Laton MoreTheatres tradurg ting down the manuni angply from $188,500,000 181 to 1 (that of the Datiu union), and thắt hayo ralad

hullabates about the matteë.

BUDESHEIMER

fibres, do agriculture, no better advertising mediums exist.

Rates for Advertisemente. 19 words to Rise.] pio.12 ines and under per Lino. Us. 9. (Bantana).

יי

gis. Above twelva.

087 pls. Quarter Pago (onos) 17a, R10) 5 per swat.off for qia. Halt

... £18.E17aach additional Whola

insertion. For long contracts, spopial reductio Communications casporting advertisemen is and subscriptions may bù addressed to

A. M. & J. FEROUJON, Colombo,

$10.00 1 ORLEANS. $12.00 LIEBFRAEMILCH16.00 1.

Apply to

EDUARD SCHELLHASS & CO.,

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er Agents in all parts of the world.

"Kongkong Daily Press Offre..

Hongkong, 5th March, 1890,

The Undersigned, having been appointed Avants for the ance Company, are propared to ACCEPT RISKS againit PURE at Current Rates.

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Agents Heuckoue, 18th November, 1972.

115

THE VORTH GERMAN FIRE INSUR ANCE COMPANY OF HAMBURG.

TILE Undervigued having been appointed THLE

Agents for the sbows Company, are pre- AN.Esgainst FIRE to the extent of $100,000 pared to GRANT POLICIES of INR

sa Pirut-olass Risks at carreat rates.

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1948

Hongkong, 2nd April, 1892 THE IMPERIAL INSURANCE COMPANY LIMITED.

FIRE.

LONDON: ESTABLISHED 1803

RUBURIBED CAPITAL£1,201,099. PAID-UP CAPITAL

30'000. TOTAL INVESTED Funds (orer) ..... 1,610009. Tho Undersigned ara propaved to ocopt First Chas FOREIGN RISKS Current Kutax.

GIBD. LIVINGSTON & CO., ) Agents in METER & CO..

Jongkong. Hongkong, 3rd January, 1899.

1356

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1892

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10 cents, Cardboard, 20 cents, Cash. Daily Press Offon in Bookultura. Hongkong, 2nd February, 1892.

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4