MAD FINANCE.
THE REAL SECRET OF RUSSIA'S COLLAPSE.
BSA BUSHIAN.
Search degres less rerions than her political is I usias nancial condition at the present, momem, which is tiling akomy ra Betion in the general uneasiness of the Eur
THE HONGKONG DAILY PRESS, SATURDAY, JANUARY 20rx, 1906.
takings which cannot promise lutervet for, say, tou yours uhord. A Cape-to-Osira milway is an enterprise which no other nation but Eng- lund could undertake to-day. And what would the English taxpayer say if thin railway wara bailt by the Government and by the help of a Slate loan?
વ
THE GERMAN NATION AND GERMANY'S FOREIGN POLICY.
KIDNEY DISEASE AND RHEUMATISM.
VAN HOUTEN'S COCOA,
READER, DO YOU KNOW WHAT THIS IS ? Have you over tuslod Van Houten's Cocoa P SERIOUS CANX CORED EVER SINCE Juur, 1903 If not, do so, and you will be agreably
surprised.
Mr. J. T. Britten lives at 50, Pleasant Row, Lynn Road, Wisbech, England. He anya-
I'm a lurgeman, and get about all over the country on anal barges, but it's very hard and trying work. specially when the westber is demp und rough. I've got a preity good con- on an illness from which I never expected to
in 1-lb.. half-16., quarter-ib, and small Square Van Houten's Cocos is a brown powder sold Tins. You can purchase it at all good class stores. Buy a lin and try it.
To prepare te beverage you proceed in this
Take a breakfast eup and put into it's tes
opean money markets, while apprehensions to the future depends upon the events of the uextrked, when it is understood that the Emperor } stitution, but it was too much for me, and brought spoenfal of white sugar, then pat ip half a ten-
the future are growing daily more oppressive i those circles which are not seldom delingrsisht by as such sensitiveness at times of stress as in by rockles over-confidenes at others. Visions of backruptcy and repadiation an abroad and holders of Russian seuri ies are anxiously bulatinje tas is uttermost farthing the amount and lasting power of Russia's available bulk
10
of
Europe side by side with the possible curs.ċi»u industrial or Anancial progress.
But the discouraging feature of the case is that the existing cluos merely overlays a stato of cheatic finance, and the restoration of gormod condoms would simply disclose a position of lincial instability hardly less serious tous the vallages of responsible gazentneart. In present fact, the story of the past leuls little hope for the mainte întués,
The beginning of the trouble was the over- Weening apatinee of beskueratic nabition, which refasel to set its mus by the slow social an economical development of the pupils. In
So to reprennmate the inevitable failure of such inept financial juggling came the failure of the wor with Japan, and the loss of vust incr-d- ible millioma of treisure has overwhelmed in ruin the social nud economic fabric of the empire. few months. All that Russia requiros is stable and enlightened Government, which will devole itself to the merni and orluentional dopant of her people, in which areat the consider of Europa would quickly be restored in the inexhaustible natural freasures and real greatness of the empire,
fart, the latter was being wetually stardoď | zuere ambitions, political and com-
The former. The sir was full of gestions palities and was her spend tar necessary in a hurry. For it is not in the nature of the Tasiun bureaueral to exercise the virtue ofself-restraint. deeurilingiy Picason Minister Witte
manned the gaming developament of Russian industrialien by the importation of foreign capital in place of foreign manufactures From the moment of M. Witte's first conversion
of the internal Rebt into 4 per cent; stock and how into per eset, terminalita Rate, the fins of speculation began to blaze, white fresh ful was cutiounily added from aboys as im
fior buy was thrown upon the foreigu market, How mistaken was the catsile estimate of the inherent security of the investment has brou musealed by the force glare of later prouts, Bus at the time the error wann very pordonible ተከለ. A country with 125 million white in- habitants and admerous rodeveloped industries wenid exercises a perfectly natural fascination upon the cominercial man or financier,
"The calculation was excusable, but arrenenu 139 Chemo piti núllens a very small amatuer wer in a position to require the more delicate products of menufacture. Quite 70 par cual, of these milions must be withdrawn from any calculation as to the agitude of the actual toucket. The foreign investor was sublimely izmorant of the vital facts which the mirage onant, and hundreds of millions flowed in a goldon rivor to St. Petersburg, attracted by the prospect of better interest, or quicker increase of capital, and emulation was so ir full swing. The Government preceded to fling its money by handfuls, all over the country. Banks were founded, and adveneeri, without inach adez, funds for all sorts of possible and impossible incastrial euterprises. "There was even a ad for mi ising bank, since the issua and side of shares did not proceed with sufficient rapidity.
Bekind a bigḥ protective tariff some large profits were made, and some companies praid is nes tu per cent, interest. But in thes years a want dƐ breath bugun to make itself felt, The larges inserons in industrial production was chiefly due to the construction of railways. But it merely fed upon thera and was
was not limulator the circulation of manufactures by their
if
recover.
from the throne, delivered by the German Der Ostaxiatischen Lloyd says:-The sponeb Emperor at the opening of the Reichstag has made a strong impression all over the world, on account of the unreserved frankress with which the foreign relations of Germany were referred to. This impression will become still more
expressed not only his own opinion and the viors of his landing statesmen, but that ho vold
An incomparable manner the feelings nate. Montiments of the German
"Some years age, while working on a canal people Tho Geran nation has enjoyed undisturbed
leage, I was stopping over to fasten up the barge, when my back west crick!" and a pain, peace for more than a goperation and the va
for all the world like a stals darted through me. rub the speech from the throne could deal with foreign politics in sun-few general phrases for the life of me I could not get apright referring to the feulty of the German allies, the hall never forget it. That was be begin good rolutions to all other cations and expressing of it all, and avery now and then after. sing the assurance of the maintenance of peace.
wards I would get these unful pains. They It might is thought that the Gorman Michal, get rheumatic air, and gradually they in
took all the "go" aut of me Soon I awakowed from a comfortable slumber by the areased in zevorily
I began to totally different tone of this year's speech fram
until at
fest I couldn't move, the throne, was reluctant to more, like some-.
and bad to be taken
to the hospital on the ambulance van, My joints were fairly twisted one sullenly disturbed in his shop.
with the rheumatism, and the urinary system was disordered; once the water had to be drawn the hospital that I feared I should never my from me with an instrument.
I felt so bad in hollts ugrain. I couldn't sleep, I e uldn't est. and in whatever position I lay, I could not rest DY
poor back,
the contrary was the case.
If we add to the existing natural wealth of Russia the enormons freasure which the Church presses at the person time in precious metal and percious ones, this wealth, both national and, Friesiastical, will be seen to be very groat, and beside the national delt loses auch of its threatening fire. Hat in the economie Hfe of the people, as well as in the finances of The State, living productive rupital alone has
I really quite spech was not recrivul any penetical offeney or value, and neither the Certainly the
wels of the Church or the wildernesses of with acclaim that would has been in Siberia ne yet productive in any way. Had allpropriato considering its serious contents - but the millions which Rosia has squandered vigou
The Germen people have gratefully recogni- that the Monstel has not glossed over the dif been derated to the moral and social fientties of the situation with a four diplomatic uplifting of her people, to preparing them words, but that through his public statement af those cultured wants which hur tad these difficulties he has at the same time mani- industrialism hopil to create artificially, so tested bis confidence in his people Even in demo might ac now be on the high end to cont
cratie circles, the motive bee not been attributed percial and industrial prosperity. She might to the Empor, that he intended his specel have created and supplied her own market, even an artifice to facilitate the naval proposal if she coull not for same time longar hope Rather is it the ease in these circles also that bargely to export, manufactures to Encope. No mor
mon instead of being deceived as to the real- possession of good and abundant raw inutorial situation are acknowledging the duty of the will ranke up for the lack of a commerciallynation to strengthen itements of defence against and technically trained mauhou.
unwarrantable attack. Of course, in referring to democratic circles, I moan the idla.class democracy, not the socialistic. The latter is nnteachable, at least so far as their opinions find public exression.
fter
ait
After a glaring orpie of mert fiannes, the blackest night has enveloped the empire and its wretched, ignorent millions. May God send the law with the promise of a brighter und more Ruble future.-Poll Mail Gazette,
MY NEIGHBOUR.
I am going to our strert-presuching clapel up the motive faset sail the Senior Mission ary, "do you care to go with ma?”
Certainly," said the Youngster. Te had arrived the week before, sad was all eyes and ears his many gestures pat a strain on the older men's resources. Enthusiasm it was that weld hardly admit of other interests than the ** work.**
On the street be admitted the near presenc of smells, but as an afterthought. He had not noticed them. When he stopped to inspect a still-whews were selections from the cheapnu of many countrihe second quite pleased to be the centre of a staring crud. It must help in the work to be cue's own show. You don't want brass-bands, a magic Intern bore, to draw
Congregation —le súil.
a
They were passing the door of a foreign hang, the steps were exvuced with baskets of vegetables, a stro Lestul bolilly stood at the side, that can foreigner, disgusted. Vigorous kicks shot the vegetables into the black viseid mad before he had time to cry cut, the sweet. eller's stall was also hurled into the common stage It was a striking picture of Wast Insting" East,
The Youngster was horror-struck-then his eyes blazed, and he rushed in, and began to shovel this goes into the owner's baskets-- gave all the
meuns, đÖver 200 millions were in six years The olie-groangrovera bogan desperately to sunk in railway constraction and the establishing their commodities into the baskets, uly ment of the volka monopoly, and the Frait of anxious to get away; thongh the sweat merchant this golden shower was & great increase of his auger greater than his judgment-app-at. taxation in connection with the enterprises, ed, to all who could bear, in a torrent of ex suprising commercial taxes, excise, stamp, and postulation. The foreigner waited, with armax other duties posts and telegraphs. Thus aikui, akimbe, for the space to clear. the Government were enabled to show profits increased by 2 millions, or 37 per cont But. the vulnerable fact is that this increase elid not come about through. The crnutry's own monde, but here and principal woahl hars to fo through the influx of foreigu money,
repaid later in goid. Russian capital to a swall extent-derived from the sale and mortgaging of landed estates- certainly wont to swell the vast toral of expenditure, but the sinking of this in industrial undertakings operated fatally in depriving the poverty stricken country of the means of supporting is one legitimate and pricipal industry-agriculture,
winism
But now we get the extraordinary spectacle of amous forreas in industrial productives new, with a doubled production of imu, side by side with absolutely no advanes in the prosperity tae people, angst, whom it had been laped that a market for this productiveness wanhi be found. Whers was ile murkot, then, which for. the time kept this gigantie piecs of fally going Termarked was none other thau tie Governussal itself, with its pillway Coastruction ulertukon by the Treasury or by companies with the help of the Treasury, upon which wiltons pan millions of roubles have been sprat. It was not The Russian poopte but the Russian Trasury which provided the market for this anbied and trubled industrial activity, the same Trainer which borrowed the money to pay for the goads!
man. The Rey in s pockets to the swert.
man, who was a neqnair- tance of the other, felt somewhat anxions as to what the young man would do next, but he. catching the age of his sider, looked apologetic and eame away, not noticing the Good morn tog the half amused stop-purger:
The two had to walk singly through the crowded marrow street, and had no chauce of talking. When the older man reached tha chapel, the youngster was not to be sem. After a whit, along he came, looking anxiously about him. With a relieved look ho turned into the entrance.
Senior man.
What have you been doing?" said the * could not keep up with yon." "You have to fight, your way through: they won't girenray for you.
The slaid Senior was rather startled by the roly-"I don't want them to give way for me." said the Youngster, Why should they give way. for me? I am not a mundurin, I am only a mis sienay.
"
|
JAM
During the last six months, a transformation has taken place in the views of the German people with reference to foreign politics, such a rapid and fadumental changes I should have thought would have been impossible. Co and rimson. alle politicians formerly but diflculty in find ing a baring, in view of the noisy demonstru tions made by the extreme elements, namely, or the one side the elements tinged with cos CCB mopolitanism, who believed the peace of the world could be maintained by means of peace wor congresses, and on the other side the Pan-Ger- mans, who where for ever railing the sword in the sexbland. The German Government could direct its foreign policy as it wenld: it riglet, be certain that one or other of the two groups would place obstacles in the way, if not both at once. Tho teal opinion of the Gerican people could in consequence never be determined with certainly, and everybody knows how difficult. it in for statesman to carry not his foreign policy, if he cannot show to foreign countries that he relies upon the support of publie "pinion.
The
Now matfore aro qui otherwise, cosmopolitan radicals with few exceptions now see clearly that they cannot depend on penes congressos; they have therefore supported the and will also grant the demands for the navy, German Government, in its Morocco policy
The Pan Germaus, toe, have learnt from recent incidents that Germany has enemies enough. aud that it is not at all necousely to increase their unabor by noisy demonstrations.
Both groups from left and right in modifying their extreme views have approached nearer to the prudent national potiticians of the centre, Certainly there are gaps still apparent at present, hot the battalions of the German People no longer march at such great intervals, as to allow the enemy to pass through with rase and break up the fighting line.
The unity and determination of the German nation give reason, 10 hope that peace will be maintained and that in the fulure the specubes of the German Emperor from the throne will not necessitate such an earnest Jono as this year. To attack auoited people of sixty millions with strong defensive for es ever rundy to strike aad with their national tiuance in a sound, condition. would be a hazardous venture requiring to be considered more than twice,
A. QUESTION OF BREAD.
bread is more nourishing and sustaining, in fact,
Most people believe that whole meal or brown
But in what exactly the different consists→→ that it is a more perfect food than white bond.
what white bread lucks which brown bread real difference lies in the mineral parts of contains not at all well understood. The
wheat (principally phosphates), which removed with the bran in the modern process of milling white flour.
4020
Thure phosphates aru the actual substance out of which nature formas boues and teeth as
wel as the tissues of brain and nerves. Nature could to more build the body withint them than cold a house be built without and mat-riuls,
R
My find, you are very young, and will soon find that sort of thing won't do in Chins. Most of us. when we first come out, think like that last sattuess is nog od out here. They there is a deficiency of these phosplutes Now in every pound weight of white bread will only take advantage of your kinginess. You will Love to learn to fully fu a little."
amounting to öfty grains, which is The weight **39% "--mid the oflier it is very cheeky of several teeth. Considering that it is tho netly fodd of vast numbers of the population, about things. But it seems to me to this deficiency in white bread is surely a very
grays mutter,"
of que te contradict you, who know
bo neither fair, or Christian. Who are we
to diuersahat, we should be little lords here? W's Why then, it may be asked, do uct all sensible
It was not long allra a continuance of this Hancial juggly began in protines Hussy diss astrons results which harc e tribaí.d so kirgely to the existing state of affairs. The valus of capital in Europ rose, the want of meny passed upon many jerrybuill enterprises, and the Minister of Finnnes, M. Witte, began to do act expect to have the purement to ourselves Topla uses the more perfect brown bread, which hold back the State andit. Within another here. Tu what are we b. tter than these men?
is within the reach of all? The answer is diffients: but whslber it is because of its colour year the crash was precipitated by the state We know a little arithmetic and science, but we Itself getting into difficulties. For willios of don't know their language; we don't know their
or faste, or because it is indigestible to mest ready money were now expended on the eliterature, at any rate This makes up for our people, the fact remains that brown bread is straction of the Sinering Railway and on the bit if arithmetic. It seems to me that a man
and only by the few, the large majority of Chimes imbroglio, dhe extrudiny exp has only to be ignorant of all that counts for eps couizing the use of white bread, to ditugo for 1996 amounting to 33illion eaten with them, to think that he has thereby
undoubted detriment. roubles.
the right to boss them about anyhow. Pleas excuse my saying so much."
This severe datin use its resourers left the State practicaly powerless to help the threaten. d industries. The erfilit of the Mlata being lowered impaired that of private tanks, and upon the direct or indirent State credil a gresk nube of industrial institutionis had been foruded and were dependent. Like a veritable house of cards the whole edifice cane dowu. with a ran Industrial and backing houses lost
heavily, while numerous companies, whith hun dreds of milliads of roubles, collapsed into heap of raius. Six years of species brilianey in industrial enterprise sued to swallow.uji
lines
But the other missionary was rather sunoyed
You are no extraordinary young man! said. You ought to know by this time that Chinesutivilisation in rete. Their culture has the same limitatious as the classical stuention, ta which we were so long bonud down, at home,
Now, the modern Carobos" Salt contains just those phosphates which are lost, from white
four in the process of railing, and hence if
your white brand is salted with “Cerebos instead of common salt, it is made us nourishing as whole meal or brawn breuil,
If you do not bake at home, then by using only Cerabas" Salt in the kitchen and at.
Even that had its advantages. But I do table, you get the same benefit as if you as not know much, of course, about the Chines whole meal bread, education. But I do know one thing-that
this superiority of ours is ust Christianity. I have read that parenchors here often quelo so
Chiness saying that all men are brothers. I VISITORS TO CANTON..
And," he said, in a shy tone, I don't think that, Christ would advise us you do."
The Senior began to fed his dignity was being louched, and was very nearly sarcastic.
But he said: "Well, we shall seo want you think about it after you have been out a year or two."-
for over hundreds and hundreds of millions, we expect them to accept us as brethren, wa while the railways, which never really yielded should also be willing to accept then a any not profit, were another sug of unpro- | brotheon." dadive expenditure. But as their principal role in the hands of Russian finance was that of a consumer of igafustrial products, Fresh foreign loans were entracted et heavier rates, and fresh were started in a number of directions, and once more orders flowed in upou the languish ing ironworks, carringe factories, and the like.
But such a system could not go on for over. And to his wife, telling her about it, he said: For the various railway lines which support thessHe would be a bit of a prig, if he weren't so otherwise profitless industries had no prospect of mooi in earnest. But these newcomers some immediate profits, and Russia cannot afford 10 times see things that we don't. I'll get him to wait for years before her enterprises begin to
take the English prayer meeting next week. show returns. Only countries like England he is going to be a help to us.-N.-C. Daily can afford to expend large sums upon under- Nets.
Should purchase
**FROM HONGKONG TO CANTON BY THE PEARL RIVER."
HY
CAPTAIN C. V. LLOYD (3.8. “HANKOW"
With Illustrations, Mapa and Plans,
Pries
On Sale
$1.99
Hongkong: "DAILY PRASS" Office.
More. KELLY & WALSH. Messrs. W. BREWEL & Co. Canton: Mess. A. S. Watson & Co. Hongkong, 4th October, 903.
aru.
Kidney Pills, continues Mr. Britten, and at I'd heard a good deal shout Boau's Backache last I made up my mind that I would try them. They proved to be just the very thing, and was scon botter than I'd ever bron since the day I was takan . Before long I was able to go to work again, with a strong back and a willing Nacer since then hase 1 suffered like I used to, although it was right back in July of 1903 that I was oured. Now and then, it's true, when I've bad the aisfortune to get wat through, I've had a slight cold in the kidneys, Pills bas never failed. to safeguard me, and I timely dose af Desu's Backuche Kidaev wouldn't ke to be without the medicine. 1 what kidney trouble man knew, too, how
with every man on only
teman who knows reliable Doan's Backache Kidney Pills are, and
but a
willing to do what I on towards making the pills known far and wide. I have a friend in Toen's Pills, and Doan's Pills have a friend, in me."
Dona's Backache Kidney Pills are 2/9 a box, or 13/9 for & bones To bo had of all chemists and medicine-dealers, for direct from the proprietora, the Foster-McClellan Co, §. Wells Street, Oxford Street, London, England, Post free en receipt of price.
spoonful of the cocea. Withdraw the spoon and fill up the cup with boiling water, then stir if desired yon was add milk, although
ilk is quite une corsary
You will now have a beverage that is more
ourishing than beef-tes. It contains all the properties of the most congontrafeil food, and is both a mascle and a drain builder.
Are you ngrged in mental work? If so,
painst the strain inseparable from continual take Van Houten's Cocos. It will help to build up your brain-and-fortify your ketres mental effort.
Are you engaged in physical work? Then emphy Van Houten's Coops as your daily be by the doily lubenis; and not only replace. Ent unge. It will replace the word tissues ezased replace with interest. You will get strong on a regular hoverage of Van Houten's Cocos. Insist on getting Van Houten's Cacoa.
TEN DAYS' FREE TRIAL
kontaveit my eres es la bought of us. Your Monny to full munak without questioky i fecity acwiactory. Highest grad eyelen, warranted x 5. PALEST
RIVION
£2.10 to £5
Endor New Departitz Cansie Herle Drkey Bare & Won area, Inverted Lever di Trans, Two Spend Lienza, rie.
acked and Delivered Froe
mag pork in the sgildi W
delivery,
200 Second Hand Cyoles Jake £1 to £2.10
and in new,
Great rury tltalande nade at half jamory, price,
taking order, fram komple
EARN A CYCLE Machine. Astive Agonts
wwed incomedialtatriek: Dorge profika anally rude. Writent free catalogue sad our sparini egter, walks aufficient penanga Tyruf. Sundries, Hewing Sinchines. Phonograph, že, ut pren MEAD CYCLE GO. Dept, H 36
LIVERPOOL, LONDON AND CHICAGO.
786
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MA
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Opened to Foreign Trado, 1897. Published at Daily Preas Office Prine 25 Conis,Cash. Hongkong. 1st april, 1807
USE ONLY and USE ALWAYS
ATKINSON'S
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IN HEALTH.
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Curea dandruff. Stops falling hair. Helieves Bebang,"
19/12 અને અત
229
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Grig Stores, $1.00
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Agents in HONGKONG-A. 8. WATSON & CO.
65
Always order LIEBIG
as
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The shig Company's initials TEMON placed on every but of the gerne farbig Company's Extract to protect yas fivan mad substitute seeking to itle of the Longonts
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CREME SIMON
MADELINA PATTI SAJS :
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Sold in Iourice bottles.
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300-6
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The heads of the Firm givo personal suporrfalon to all busfades, and wich confidence Invite thoso "raquiring RELIABLE AGENTS for purchase of goods, anło of produce, or othor bust- Hass, to ontrust thuir Interests to them, Bachinery ordorm ara attended to by an export
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Efficacious because absolutely pure English Oil. Not mode of gelatine
Full directions. All Cheinists.
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SELF CURE NO FICTION I MARVEL UPON MARVELI NO SUFFERER NEED NOW DESPAIR, but without running a doctor's bill or falling isto the doup ditch of quackery, may safely, speedily ad Economically care bimself without the know- ledge of a second party. By the introduction of THE NEW FRENCH REMEDY
THERAPION
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