1911-04-04 — Page 5

Page

士推力汽水健

As a precaution against the constant risk of Infection, remember that washing with

CALVERT'S

No. 5 Carbolic Soap

is a healthy habit, for either personal use or household purposes--and it is not expensive.

Local Dealers sell it. Maker-F. C. CALVERT & CO., Manchester, England.

CAN YOU FIND A BETTER OFFER THAN THIS?

477

1. Government and Municipal Guarantes' for the ultimate repayment of principal, at least at par.

2. Possibility of Premiums, the smallest affording ample interest on your outlay, the largest constituting a Fortune.

3. Payment of the sum you wish to invest by easy instalmanis,

PREMIUM

BONDS

give you these opportunities,

WHAT ARE THESE BONDS?

Thoy are high-chuas and obsolutely safa socuritico, payable to bearer, issued by the various Goverments and Municipalities of Europe; they sro redeemable si periodical drawings, either with Cash Promiwne varying from £40 to £40,000, or at the very least, at their full nominal value.

BASY PAYMENTS.

We sell these bouda singly or in combinations of the most advantageous ones, payable by convenient Monthly Instalments ranging from £1 to £20.

245]

Wo are the largest Dealers in the world. Write for Handbook, eant post free.

MELVILLE, GLYN & Co., Bankers,

3, Rue de la. Bourse, Paris (France).

"As Sound as a Bell"

is a phrase suggestive of all-round fitness. It denotes freedom from disease; robustness of constitution: muscular force; and mental energy and vigour. The sound as a belf" condition is one most devoutly to be wished, and happily. It is not only possible but easy of attainment by most folk

Thanks To

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COLEMAN'S

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THE GREATEST TONIC

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163-2

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No. 22, Mascom Read, Corner of Boschow Road, Shanghai, Į402

BEWARE OF IMPURE WATER,

Apollinaris

"THE QUEEN OF TABLE WATERS."

WARRANTS

SUPPLIED UNDER RÖYAI,

QE-APPOINTMENT TO

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Annual Sale Exceeds 30,000,000 BOTTLES.

557-1

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[306

FOR EUROPE AND AMERICA. INDIA, AUSTRALIA, C,

and for

PRIVATE RESIDENTS AT THE OUTPORTS,

A Comprehensive and Complete Record of the

NEWS OF THE FAR EAST. is given in the

HONGKONG

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Subscription, paid in advance, $12 per SILITOKU. Postage $2 to any part of the World.

BOÈS AGENTS IN „HONG KONG, CHINA & MANILLA,

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555

THE HONGKONG DAILY FRESS, TUESDAY, APRIL 4TM¤, 1911

THE DECLINDE IN AMERICA'S SIATIC TRADE.

SUPREME COURT..

Monday, April 3rd.

IN ORIGINAL JURIDICTION.

TATEM. HOWELL.

5

1908

$63,918,330 in China and Hongkong 8:00

an account since 24th September, 1905, of the hes lean, or suggested as it may have been, by association was persundal that the importanco $2,890,495, being considombly excooled by the

(BY A CORRESPONDENT OF "THE TIMES.")

There is a distinct noto of pessimism in the viow expressed by Amerias commentators on BEFORE HIS HONOUR SIE FRANCES PIGGOTT This is the mega remarkable when takon in the prospects of their country's trade in Asia, (CHIEF JUSTICE).

connection with the somewhat aggressive policy of the so-called American group of bankers, -not only in claiming participation in pending Chinese railway loans, but in assmanng the John Tatem bronglet action against Frederick initiative in some of the largest projected opera Howell, chief bailiff of the Supreme Court, fortibus in Chinese finance It is true that the programme of the bankers, backed though it the Department of State, has been so far with out tangible results. But it must be noted as evidence of a very remarkable charge in the attitude of American fanciers towards China, that in 1904 the control of the American China Development Company, with its only concession, the construction of the Hankow Canton Railway, was allowed quietly six years later participation in a loan, based in. to pass into the hands of the Belgians, while part on this same concession, was deamed of sufficient importance to elicit a letter, souched in the imperative mood, to the Regent of China from the President of the United States, Without pursuing this branch of the subjoot, the fact remains that the somewhat hectic persistence with which Amorloan diplomsey has bean backing the placing of the American dollar a China, is in marked contrast with the flaging energy of American export trade.

receipts and disbursements of the defendant in respect of the plaintiff's business of a butcher and compradore carried on under the style of the Hongkong Eutelery, and for a regaiver,

Mr. M... Slade, K.C., instructed by Mr. J. H. Gardiner, appeared for the plaintiff, and defendant was represented by Mr. Eldon Potter, who was instructed by Mr. C. E. H. Beavis (of Messrs. Wilkinson & Grist).

At first the Government of the United States mala very light of the situation, and the then Secretary of State, Mr. John Sherman, pro. fessed himself quito unable to sea ony danger to the counteroial interests of the country in the threatening attitude of some of the Furopean Fowers towards Chian. He even went so far as

pieces of American grey cloth, or say,165,000,000 But alue for oxpectations! Against 4,143,971

yards, exported to China in 1897, the total export of the same fabric for the calender year the average of the Inst ten years has been 1910 was only 65,500,000 yards. It is true that considerably higher that this, and that there was a time when it seemed possible that in plain cotton cloth Amerion was to challenge the supremacy of Great Britain in the Chinese market. In 1905 12,565,093 pieces of plain cotton of American origin were imported into China, as against 13,548025 pieces of British origin. In 1909 the figures were 8,544,165 pieces of Americas goods against 12,785.227 pieces of British. Batas Sir Alexander Havia, the Acting Commercial Attaché, to H.B.M.'s Legation at Poking, has shown in a luminous report on the subject, while the normal demand for these goods in Chim might be placed at 17,000,000 plocos per annum, the actual impart for 1905 amounted to 27,724,980 pieces, and that for 1906 was 20,247,223 pieces. Daring those two years, therefore, the excess imported over the already established werage was 18,468,489 pleers, more than enough to suffice for the whole consumption of 1507. The stocks left unsold in Shanghai at the end of 1906 proved the correctness of those deductions, and the larger proportion of the mtton, picco gooda left in warehouse were American.

Luciler Falmer & C

The Wine Merchany of the last

NAPIER JOHNSTONES'

'SQUARE BOTTLE"

WHISKY.

UNVARIED FOR OVER

150 YEARS.

THE SAME TO-DAY AS IN

1745.

BEWARE OF IMITATIONS.

BOLE AGENTS IN HONGKONG:

LANE, CRAWFORD & Co.,

and from ALL WINE MERCHANTS.

[56

which seems to haro less promptly forgotten | 873,763,695, against by all concerned. But, meanwhile, the repro- and even sentatives of American commerce in the Farports to the United Slates of 837,417,100, East had been awakening to their growing the British East Indies America "bought sgainst $24,700,523 in 1908. From opportunities no less than to the increasing fast Four goods valueil at 870,308,967, ogulust probability that these might be nipped by the untimely frosh of protected spheros af 53,172,335 in 1900. Ofis latter import the influence." In was nold, in a communication most notable constituents appear to be rubber, parent association in Nor York, dated January 8, $1.555,576; sud carpet wool, $239,147. from the American Association of China to the $4,329,736; jnto, $3,165,101; his, $2,219,338

19, 1899, that Great Britain and Japan "are

More than half of America's import from Japan in hearty accord with the United States in

la accounted for by $43,744,447 of cow silk; interest and sentiment; and a combined and and 10,670,632 for tea goes a long way toward vigor na presentation by our respective Gov-accounting for the remainder. In the imports eraments of our claims to equal rights world, from Chiu silk is also the lending article, we feel satisfied, be all that is required to severe accounting last year for a value of $11,613.009, - સાક્ષ regard for them The president of the while tea has sunk to the subordinate place of of the China trads, and especially of that of the import of carpet wool mounting to $3,674,093 Northern Provinces, was inadequately appre- Of the now Chiness expart of soya beans the plated by the mass of his fellow countrymon United States takes as got no share. Io regard to the principal article hitherto finding a markot there, a tablo was enclosed showing the value and quantity of American imports of cotton fabricanto China in 1887 and 1897, compared with the similar products of Great of not less than 181 per cout, in quantity and 592 Britain. An in rease within ten years was shown per cent. in value, representing 33 per cent of the Mr. Slado said it was admitted that the basi

Total value of such fabric imported into China. It is interesting to note thatthe disproportionato mess of the Hongkong Butchery was started in

increase in quantity of American plain cotton October, 1895, by the plaintiff, and the defendant

goods imported was addiced as a proof that advanced a sum of $1,500 to Totem on terme

American manufacturers were computing with contained in a written agreement that he should

Manchester in lower-grade goods which former- receive half a share of the natt profits. The

ly they did not tal. Plat is to say, wherons plaintiff's oridanes would be that he ran this

in 1807 America had contented herself with stall in the market from the very beginning of

simply exporting the surplus of her domestic To have a clear understanding of the prosent manufactures, she was, by 1897, laying herself. the opening of the Central Market. The idea status of the commares of the United States--out-for direct competition-with-the Lancashire- was that a European butelary would commanda in the Far East some historical retrospect is

export trade. required. This Asiatic trale never balked. large number of customers among the European very largely in the foreign commeres of the community. Apparently, from the very Republic. In 1823 it represented little start the business was a knecesful oze. Therer 7 per cent. of the total foreign trails; plaintiff had nothing to do with the ac- what less than 7 per cent of that total, and 75 years later it stood for an average of some counts. All he did was to collect the money during the last 11 years, owing largely to the and pay it over to Howell, who ran the growth of the import trads, the average has financial part entirely. The busineв TYBA

rison to about 14 per cent. When Garmany very well supported from the very beginn-acquired Kisechan in 1897 and the Russian Best occupied the harbour of Port Arthur, ing and within a month there were between 300 American business mea interested in Eastern and 403 customers. At the end of that year feommerce boren to feel, for the first time, Howell informed, the defendant that they were that the integrity of China was an American interest. They had seen the beginnings of a | losing between $300 and $400 a month, and profitable trade completely wiped out by the suggested that the business had better close, French occupation of Malagascar, and in Tateix could not understand this, as they made no Northern China, which was the obief market bad debts and he had been paying in some large for America cotton piece goods, process of alienation had evidently begun which could end and substantial sans. However, he made an only in the partition of the Chinese Empire. Arrangement with the compradors from whom they had hitherto been buying their ment wholesale, that the compradore should Fun the business and give them 3 per cent commission on the takings. This arrangement came into force in the be. ginning of March; 1896, and the result of the change was that in the first mouth, on the 3per Dent. basis, there was a profit.of over $450. The business was not merely the selling of fresh meat in the market. Their speciality was the making of sausages and corned meat, while they sold American botter, the Australian article not being imported at that time. This corned beef and sausage business was not carried on wholly in the market stall. The apparatus for making sausages and the plants for corning baef were set up in Mr. Howell's heus, where at the beginning of the business Mr. Tatem lodged. That business contioned to be carried on at the defendant's house after the compradoro took over the whole of the financial side of the

EFFECTS OF THE WAR WITH SPAIN.' business, the arrangement being that they

Other uses have, of course, been at work. By popular Engilsh Manufacturers. In should buy from the compratore such meat victory of Manila Bay was unquestionably-a the high price of the raw material has un- Then came the war with Spain, and the bud, so far as the cotton industry is concerned, as they required for corsing and making revelation to the American people of their doubtedly militated against auccessful American saorages at the wholesale price, and sell it back nearness to the strife of international ambitions competition in the markets of the Far East. at an incressed price after the corning and in the Far East, and of the impossibility of The purchasing power of the Chinese millions SHOTS. From No. 10 to 39EG. at 36, 37 and any longer maintaining as attitude of in- has been impaired by the fall in silver, by the making of sausages. The monies the compra. difference in regard to the issue of that demoralization in the copper coinage due to $7.50 per 100,, SPORTING REQUISITES dors paid monthly consisted of two parts: first straggle. With the disappearance of the col the pernicions activity of provincial minte, and offall, ho paid 3 per cent, on the month's sales, onial empire of Spain it was generally cog. by other influences which nood not be detalled and AIR GUNS in Varisty, and, seerndly, he paid the difference between the pied that the United States had emerged as

here. Cheap Japanose imitations, usually. |a world Power"; even while its people described as "execrable," have thus had su Inspection Invited. wholesale price and the agreed bigher price were discussing whether it would be woll exceptional opportunity to eat the more ex- of corned meats and sausages. The compradore to break through their national isolation, pensive fabrics, and the making of native cloth continued to carry on this business to the that isolation had Come to sa end. in the homes of the people has received a Bow satisfaction of all parties notil the month of In the exercise of the right of self-defence, impetus, to the manifest advantage of the market

the United States had obtained a strategical for Indian and Japenese mrn. December, 1895, when he announced that owing position in 1ho Pasitic from which it In the other leading allele of American ex- to private arrangement he would have to give could not well retreat, even although the port to China-keroseno oil-the decline bas up the business, but he had two friends who were necessities of its maintenance might greatly been almost equally market, but here the Stand- willing to carry it on. Up to the end of 1896 increase and military srpenditure. The ard Oil Company is plain putting up a fight commerce whose safety hat demanded the for the American product whose issue it would all the money which Totem drew from the destruction of the Spanish Flest at Manila, be msh to predict. Hor bitterly the contest concern was $100 a month. The whole of the obviously required also the sative participation has been wared may be gathered from the fact

of the rictors in the settlement of the immediate that while the 65,705,865 gallons of illuminat balance of the profits went to pay off the amount future of China. It was frankly recognized at ing oil exported to Chinn from the United which Mr. Fowell had advanced. Defendant the time that this country had allowed Great States in 1909 were valued at $5,930,694, the started that in addition to the $1,500 which he Britain to fight its battle for an open market in 84,019,462 gallons exported in 1910 were valued originally advanced, he had advanced an extra Chains, but thas, with its dag I atlay within six at only $5,365,268. "But it is probably true, $4,000. The affidavit he had pat in showed hundred miles of Hongkong, it ought to be as the anther of an article on American COAL DEPARTMENT. able to give that policy something more than a Defeat in the Pacific" gloomily remarks, only 93,504, but now the amount bodo perently merely nonfinal support in the future.

in the two items where the decline is noted by grown to $4,000. So far as the plaintiff had In the early part of 1899, Lord Charles the American Government-namely, cotton been able to trace, defendant had paid in not Beresford, who had just visited Chins as the and oil-India, Russia, and the Dutch Settle- more than $5,000 altogether, and fl bankatoksentative of the Associsted Chambers of ments have profited by nearly the whole of Commerce of Great Britain, was publicly enter America's loss. The further remark is equally showed that he had received $5.300 odd out of tained by the American Asitic Association true that in stoel and machinery Great the business.

ar organization which had been recently Britain, Germany, France, and Belgian have Evidence was called, and the hearing formed on the lines of the China Association. takon the trade. It is mainly in the control of In their address of welcome to Lord Charles industrial devolopment in chim by European adjourned.

the Committee of the Association expressed capital that America has boon defeated in the their belief that the division of China into Chinese market sizes the Russo-Japanese War." spheres of hostile political and commercial It is very much of a commonplace, for influence would be a standing menace to the everybody bat Ameri ans apparently, that the peace of the world, and they desired to give trade follows the loun, so that, because the fullest possible expression of the rats antia! the money came fom Europe., China's orders identity of interests between Great Britain for steel and railway machinery, mining ma-

GRIMAULT'S

SYRUP

OF

HYPOPHOSPHITE OF LIME

FOR

STUBBORN COUGHS

BRONCHITIS

WEAK LUNGS1

CATARRH CONSUMPTION

to say:

to

Should it be conceded that Chinn is to be partioned by the Powers, how, pray, is that to interest us" materially? The Powers would Forgetfulness of these facts has added super- gladly seize the opportunity to trade with us. finous gloom to some retent commente on the One commercial interests would not suffer, so subject hore. That is far as I can see, in the least quite the contrary." American trade in Chins is not correctly say, the decline of

But mercantilo opinion began to make itself indiested by a ball statement of the export felt, and to nego on the Government the magni. figures for the last tan ions. These reached tude of the stake, present and prospective, which a maximum of $58,000,000 in 1905, fulling to America had in maintaining froo access to the $29,900,00 in 1906, and steadily dwindling to markets of the Far East. The Chambers of the $16.710.239 of the last calendar year. As a Commerce of New York, Philadelphia, Boston, matter of fast, more than half the value of the and an Francisco passed resolutions and adopted cotton goods exports to China of 1905 and 1906 memoriala addressed to the President of the valued at $33,500,000 and 816,700,000 re- energetic defence of the existing treaty rights succeeding years, and the losses which they United States calling "for the prompt adspectively-should be distributed over the thres

of our citizans in China, and for the preserva-outail may is part secourt for the low estate of tion and protection of their important commer the trade at the present moment, oil intereste in that Empire."

H

EFFECT OF DEAR MATERIALS,

and the United States in supporting the policy chinery, aramal equipments, woollen, cotton, of the "Open. Door" in China. The cratory at and silk spinning, and wearing machinery, the banquet river in Lord Charles' honour was leather making and minting machinery, aud pitched in this key, and not the le st remarkable also equipment for steel paain and iron works. of the eppeokes was that made by the Hon have been placed in Europe. How it will be Whitelaw Reid, the present ambassader | should the present ambithas plans for lending at the Court of St. James'a. Referring American money to Chinnorer mature remains to the notion of the American Peace Com to be seen, capoeially as there is always the off- missioners in Paris, and their insistent chance, as in the recent case of a large trans- on the retention of the Thilippines, Mr. Roid action between Amexican bankers and Bolivio, said that these Commissioners were led to a that the loan would be pranptly transferred to view which, to many, seemed new departure, London. and were finally enabled to proface an offer to Outside of China, the only exception to this Spain with the remark that it was the polloy steady decline in American purla which of the United States to maintain in the Philip has taken place of late your in Asiatio markets pines an open door to the world's commerce- is found in British India, Including the Straits and (continued the speaker), great Protectionist Settlements, our Bureau of Statistics credits Inader as the President is and long has been, hs to the British East Indies in 1906 American sanctioned the declaration, and Protectionist as exports valued at 88,028,510. In 1908 there in the Senate, it ratified the pledge. Under was an increase to $1,675,659; in 1909 a re- Treaty guarantee Spain is now enti lod to the passion to $9,709,232, and in 1910 a recovery open door in the Philippines for ten years to $10,002,167. To Japan on the other hand, Under the most-favoared-n tin clanse, what is American

exports base declined from thas secured to Spain could not be easily refused $31,405.978 in 1906 to $33,624,781 in 1908, even if any one desired it, to any other nation; $23.471,837 in 1909, and 126,566,178 in 1910. and the door which stands open there for the Bide by side with this process there has been next ten years will by that time have such a going on an increase in American imperts from rising tide of trade pouring through it from six until for last year sgünst a total export of we have imports valued at the awakening East that no man thenceforward $65,974 281 can ever close it...

$202,916,650, showing what is called here an This was a counsel of perfection that the Con-adverse" balance of trade of $136,912,369. grass of the United States never learned, and Jupan sent us last year goods valued at

MARTIN'S

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BLODFILLS

A French Pemedy forallilarities Shovsands of Lado always keep a box Martin's in the buum, 10 dank on the fraż sies of any lenguthrity of the System a Simol may be aópored. tas thom resainereid then,korset maula, All hot and hores all the throughout the Should, or part from di MARTIH. Chemist. Anuthampton. Eng.

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Hengkong, 25th Ostober, 1906. [1181

MITSUBISHI GOSHI KWAISHA,

(MITSU BISHI CO.)

SOLE PROPRIETORS of TAKASIMA OCHI, MUTABE, HOJO, KANADA, NAMAZUTA-SAYO, SHINNEW and KAMIYAMADA, Collferie

SOLE AGENTS FOR KISHIDAKE Coals.

HEAD OFFICE-MARUNOUCHI, TOKYO.

BRANCH OFFICES-NAGASAKI, MOJI, KARATSU, WAKAMATSU, KOBE, OSAKA, SHANGHAI, HONGKONG, HANHOW. Cabla addresses for shove "IWASAKI” Codes, AI, ABC 5th Ed, Western Union

AGENCIES

YOKOHAMA, M. Agari, Esq. CHINKIANG: Messrs. GEARING & Co. MANILA: Mesars, Macoudray & Cn, SINGAPORE: Messrs. BORNEO & Co., LT,

For Partionlara, apply t

H.-OISHI, Munagar, No. 2, Padder Street, Hongkong. Hongkong, 14th February, 1911. 1574

ON SALE

MAIL TABLES FOR 1911.

Shows the dates of departure of the Mais to Europe and America, and le dates of their expected arrival at their destinations, as well as the dates of return Maila.

Mounted on Card... Ou Paper

30 Cents. 20

On Bale at the Hongkong Daily Pre Office.

Hongkong, 6th February, 1911.