"GUARANTEED
UNDER THE PURE FOOD AND DRUGS ACT, UNITED STATES OF AMERICA.
On every bottle of Dr. Morse's Indian Root Pills sold in the United States of America there is placed an extra label, bearing a number and the word "Guaranteed" which denotes that the proprietors of Dr. Morse's Indian Root Pills guarantee that they contain nothing that is not in strict accordance with the Pure Food and Drugs Act. It is further guaranteed that Dr. Morse's Indian Root Pills comply with the regulations of the Department of Health,” both as to the standard of purity of the ingredients used in their manufacture, and als that they are a good, wholesome remedy for the purposes they are advertised for. Dr. Morse's Indian Root Pills are a purely vegetable sugar- conted medicinal preparation, carefully compounded by experts, and are manu- factured on the premises under the direct supervision of the proprietors. The care taken in the production of these Pills, is illustrated by the manner in which they are packed. Instead of being put up in cheap wonden boxes that absorb poisonons and other substances they are packed in glass bottles at a et of five or six times that of wonden boxes. The extra cost is more than made up in the satisfaction of knowing that the Pills reach the public just as they left the laboratory, unaffected by moisture or climatic changes and free from contamination by contact with any foreign matter.
They are a perfect 1hr Peration in st pūsite and púriranent,
for films,
Jodigestion, Cousti- giedashes,
Nation
plexion.
Liver and Kidney.
troubler, files, Primples, "Builcued Bloteser, and-
for Peizeju Ailments.
DR MORSES
INDIAN ROOT
FOR THE LIVER
PILLS
For Sate by WATREES, Lid., Wholesale and Retail Agents, and Chemists and Stores generally.
at 60 cents per bottle, or will be forwarded on receipt of price by THE W. E. COMSTOCK Co., Ltd., Sole Proprietors. 21, Parrijnglon Avenas, London, England.
THEY DO NOT WEAKEN.
THEY DO NOT SIOKEN.
SWAN
THEY DO NOT GRIPE.
FOUNT PEN,
DEFIES
HEAT
Its perfect fit and soientibc construction
ILLUSTRATED CATALOGUE preventing that annoying clogging and
FREE.
evaporation of the ink which attends the use of the old-fashioned dip pen or the cheap and nasty type of fountain pen The Swan has perfect ink-food, is Gitted with a gold nib iridium tipped, does not leak, sad is easily filled and cleaned.
THE SWAN
SOLD BY ALL JEWELLERS, STATIONERS AND IMPORTERS.
MABIE, TODD & Co.,
Manufacturers, LONDON.
Bottled History
is a phrase that can truthfully be applied to JOHNNIE WALKER Every bottle sold to-day has been maturing during the past six, tenortwelve years as follows: "JOHNNIE WALKER,
White" Label...
Over 6 years old.
JOHNNIE WALKER,
"Red" Label.
Over 10 years old.
JOHNNIE WALKER,
"Black" Label,
Over 12 years old,
Guaranteed sameQuality throughout the World.
To safeguard these ages pur policy for the future is the policy do. of the past. First, and foremost,
Lo see that the margin of stocks
Over sa es is always large enough
to maman our unique quality.
To be obtained from:-
-KAMP & CO.. SHANGHAL
PERRIN, COOPER & CO...
TIENTSIN. THE BANKOW DISPENSARY
· LTD.. HANKOW. CIEMSSEN & CO. CANION and HONG KONG.
JOHN WALKER & SONS, LTD., Sentch Whisky Distillers, Ibarnek, "Sertland.
LIFE
WITHOUT HEALTH IS
VETARZO
Box 1820: Still going strong
LIVING DEATH.
BRAIN AND NERVE FOOD
This remarkable compound, the latest discovery of modern times, is without equal in all cases of defective serve and brata power, whether induced by worry, overwork, dissipation, or other induences. Sleeplessness, palpitation, defective cireutation, nervous dyspepsia, tie or neuralgia, low spirits, menial and bectly prostration, waut of confidence, general debility, premature decay leaciency of the vital forces, loss of vitality, harassing dreams, restlessness that can settle to ching, irritability of temper, female complaints, hysteria, backache, bearing down sensations, wing diseases, consumption, night sweats, muddy, high-coloured water, &c., are all so man- different phases of brain end were wreckage and exhaustion, the cause of by far the greater partion of the spisery, fil-health, and despondency by which we are confronted on every hand, that can only be successfully combated by the use of this wonderful and highly scientific preparat Bracing up the system generally, it given tore to the exhausted nerves, strests all weakening wasting discharges, restores the falling energies, and imparts new life and vigour to those who had so recently seemed played out, used up and valuelets Bottles Price S. 94
WITHOUT PURE BLOOD HEALTH IS IMPOSSIBLE.
VETARZO MEDICINE
Never before was there anything like it, nor can its marvellous properties ever be equalled in all cases of poorness, fapurity, or other imperfection of the blood from whatever cause arising. No ones le it imbibed tito die system than it permeates and penetrates to the animatest espil- Arica, ofercititig and expelling disease, wheresoever and in whatsoever form ract wilk; removing ail blotches, praples, sinif, scurvy, scrofulous and glanduter swellings, discolorations, roughnes and sigtity patches, c. Itseleessure almost magical in the treatment of gout, rheumatism, sciatica, Jumbago, palus and swellings of the eluts, discharges, blood poison, ceremia, lep psorias, had kg, bad beasts, abscesses, xlcers, wounds, aere goitre or. Derbyshire neck, improves the general health, and quickly reintoves long-standing bronchitis, kathms, and hackine,
kiing,spasmodic cough, too often the precursor of consumption. Botties Price in. Pd.
and stamped addressed anvelope for free booklet, or P.D. 2/0 for trial bottle of either nedy, to THE VETARZO REMEDIES CO, DOSPEL OAK, LONDON. Unprincipled. Vendora may try to sell you something else for extra profit-do. Not accept it, but inslation having VETARZO. "The genuine kus the words VETARZO REMEDIES" un Government Stimp. YETARZO REMEDIES aur Sold by BOOT'S. Pash ChemINTEL
THE HONGKONG DAILY PRESS, SATURDAY, OCTOBER 38D. 1914.
102-2
COMPANY MEETING,
YOKOHAMA SPECIE BANK.
· HALF-YEARLY MEETING.
The sixiy-ninth regalar general meeting. of shareholders of the Yokohama Specie Bank was held on the 11th inst, when Mr. Inouye delivered the following speech anent the conditions prevailing in economic circles at home and abroad and the results of the business of the bank during the first half of the current year:-..
HONEY AND SHARE MARKETS,
"During the term ander review, the fall in the price of rice has decreased the purchasing power of farmers, culminat- ing in a decline in enterprises and slackness in the share market. Commerce was also dall, as a result of which stocka in warehouses have gradually increased, and complaints of business depression have been heard everywhere, both in town and country..
On the other hand, however, the import trade has gradually decreased, kile exports have correspondingly increased, thus giving rise to the belief that n balance between importa and exports, which has long been desired by the Japanese Government and people int has not been realised, might become an accomplished fact, that the prevailing depression is simply the forerunner of normal trade conditions in the future and therefore should not give risg 11 pessimism.
SLACKNESS IN MONEY MARKET.
#x2
In the money market slacknes prevailed and the rate of interest has declined wing to the decreased demand for funds, which in turn was occasioned by the depression in economic circles following the tranquillity which prevailed at the end of the previous term coupled with the flotation of a foreign short term lean, amounting to Y.25,000,000, as well as the cash redemption of a large amount. of Exchequer Bunds and national loans. Tarious localities, however, several small banks have been forced temporarily suspend business, while in Osaka the gucation of relieving an influential bank occurred. This gave rise te uneasiness in the money markets conorned, but fortunately measures of relief were available and no serious result was brought about. Owing to uneasiness. prevailing since the political change, however, bankers generally are exercising caution, and are suffering because they
of amtinne to hold large deposits at a high rate of interest, while loans do not balance these deposits. With the enhanced demand for funds for the import of raw cotton, purchase of cloth for summer wear, manufacture of tea and reling of raw silk from about April, the money market temporarily became tight, and the rate of interest showed an upward tendency, but the general trend of affairs inclined to dullness, and the term came to an end without any particular tight- ness being witnessed.
FOREIGN TRADE,
amounts
ot
Did you get VAN HOUTEN'S
COCOA?
Of course I did Mums I dont like other kind- ·An dont forget it when
make the
any
BY ROYAL WARRANT
TO H.M. THE KING.
control over trusts is not as sét decided, only temporising measures were being adopted in all kinds of enterprises, as i result of which dullness prevailed in con- merce in general and the rate of interest declined, owing to slackness in the money market caused by a soul demand for funds.
EFFECT OF MEXICAN SITUATIONS",
In April the Mexicns question, which, had been pending since last year, anddenly "Foreign trade, has been gradually reached a serious stage, but the danger asabing normal condition. Daring was eventually overcome by America, and. the term under review, the amount the money market again becane, Black, exports is over Y.312,000,000 and imports Owing to abundance of funds, gold coin Cover Y.382,000,000, showing an excess of and bullion to the amount of about imports over exports amounting to over GR32,000,000 was exported from New York ¥70,000,000 When compared with the
to Paris in the term under review, but the corresponding term of the previous year,
money market was in no way affected. when the excess of imports over exports. Reviewing the conditions in the East, reached over Y.120,000,000, it shows economic circles in India are not as yet remarkable decrease of over ¥.50,000,000, | entirely recovered from the influence of while the imports show a decrease of over the panic which occurred inst-vetuun, bal
of Y.22,000,000 and exports an increase
the condition of monetary circulation coverY.97.000,000. The degrease in the amount of imports will be attributable to ong the natives is being gradually improved. The quantity of raw cotton- the curtailment of Government works and
introduced on the market from the pro- the general depression in business at Home, while the increase in that of during districts was unexpectedly large, exports is due to the general progress of and, moreover, as the price was compara industries in Japan, but chiefly to the tively low, the export to Europe and ures in the expert to China of cotton Japan was very active. As regards the yarn and cotton cloth, die to progress in import trade, the general market has not spinning enterprises in Japan as well as unprecedented augmentation the export of raw will arising from the popularity of the use of silk in Europe and America, and the maintenance of high prices.
BANK'S EXCHANGE BUSINESS.
of
The exchange Inisiness of the bank has recorded an increase in transactions connected with exports and a decrease in that canected with imports. The bank purchased documents valued at over Y.150,050,000 and documents on Japan sold at over Y56,140,000, making a total of over 1.212,190,000, which when com pared with the corresponding period of the preceding year, shows an increass of over 14,050,000, while the bank sold documents valed at over Y.48,600,000 and documents on Japay purchased at over Y.162,350,000, taking * total over Y211,270,000, which, when compared with the corresponding term of the preceding year, shows a decrease of over Y.3,830,000. As a whole, the amount of exchange transacted has undergone an increase of myr Y. 10,420,060.
by
CONDITIONS AUTOAD.
In economie circles abroad it was conjectured in all European countries that roomgre and industry would gradually recover after the settlement of the Balkan question in the autumn of last year. But, contrary to expectations, no signs of activity have been witnessed, and inasmuch as the demand for funds was so small, that the slackness in the money market increased, the Bank of Englandi, on January 8th, lowered its rate from 3 to 4.5 per crat., and during the same month again lowered the rate on iwo occasions, it remaining stationary The Imperial German at per cent. Bank, following the example established The Bank of England, lowered th vate from to 4.5
per cent and then to 4 per sent while the Bank of France also lowered rate from to 3 per cent. Thus the central banks of the Powers having lowered their rate, other banks also carried out a pro- portionate reduction of discount rate, but commeres and industry in all countries were still inactive at the end of the current In Amerion, the revised Customs Tariff Law and the Bank Currency Reform Law have been promulgated, but owing to the abrupt reform of economical conditions strenuously carried out by the present Government since last year, the people concomed are endeavouring to retrench so as to cope with the new trend of affairs, aud, moreover, as the Law relating to the
term).
POSITION IN CHINA.
scason 18
you
Choc's this time
(1041-0-1
Quality.
With Lea & Perrins' sauce, a few drops sprinkled over the meat, fish or cheese, &c., are all that is required to impart the most delicious piquancy and flavour.
The QUALITY and concentration of its ingredients make a little of this sauce go a long way.
Le Morrice
The Original and Genuine WORCESTERSHIRE.
such circumstances, the bank was not On entirely free from inconvenience. account of the decline in the rate of interest and general business depression, at home and abroad, but fortunately owing"] to the increase in the amount of exchange teansactions, especially in the export trade, the business result in the term under review is more favourable than that of the preceding term, that is, the net profit amounts to Y3,485,466.24, inclusive of Y1.267.488.65 brought forward from the last account.
In conclusion, I have to report that the Tsingtau branch, which was estab lished in November of last year, had to be closed about the middle of last month, wg to development-in-the-situation.
EUROPE'S MUCH-CONQUERED
EMPIRE.
"PREPARE SHIP FOR BATTLE.”
WHEN THE MOMENTOUS ORDER IS GIVENS
Prepare ship for battle," says an Australian exchange, is an order heard only once or twics in the experience of the average seaman, and carries a far different meaning than the comparatively.
frequent Clear decks for action,"
The latter command is merely the order to remove obstacles from the guns so that they may be fired; the former means to got the ship ready not only for fring her guns, but to receive the fire of the enemy. Prepare ship for battle is carried out on tory rare occasions, never more than onco 'during a commission, as it entails a great deal of work and.discomfort to the ship's company concerned. As soon as the word in given the ship becomes a veritablo seething turmoil, every man working at his utmost speed.
The Emperor Francis Joseph of Austria was born on 18th August, 1850, and the Tribuna (Rome) celebrated this anniver-only being kept. sare by recapitulating the perpetual defeats which Austrian armies have suffered in war. This record is looked
as yet revered from depression and the upon by such papers as the Tribuna, as sale of such staples as The Manchester rather an ill omen for Kaiser Wilhelmi goods is very dull. A recovery in the | and his forers. The following is given market cannot be hoped for unless the
by Italy's Governnient organ as a list of condition in the rainy favourable.
the unfortunate battles in which the flag of Austria went down:-
1015-16-15 (The Thirty Years War),- As regards China, in Tientsin exports | Austria was defeated by Gustavus have undergone a great decrease owing to | Adolphus at Leipzig in 1081 ; at Lutzen in the failure of the crop last year jexport of raw cotton, which was 30,000 bales last year, decreased to only 10,000 balus. Tho import trade was also inactive. In Shanghai, the market was generally inactive and trade, both import and export, dull, owing to the exhaustion of capital of Chinese banks and the loss of credit of Chinese merchants. In Hankow the influence of the recent disturbance has
1632. Pomerania was occupied by the enemy and the Austrians finally beaten by the French and forced to sue for peace.
1682.In this year the Austrians were defeated by the Turks, and the Emperor Leopold led from Viena and sought she assistance of John Sobieski of Poland, and the Allies then pitt to fight the Turks who had gathered round the walls of | Vienna.
First, all the bouts except two ar thrown overboard, the pinnace and launch These are filled with water, and wrapped round with swings and rope, the object being to prevent splintering. Then all the cabic is gob up from the lockers and wrapped round the barbettes and turrets and funnel casings. All the men's mess tables and stools are went down into the stokeholds, and most of the furniture thrown overboard. In
everything liable to be fact, encumbrance and likely to burn is thrown Loff,
LIGHTS OUT.
.Ak
The a move is made to the masts, and in a few minutes the top masts are down on deck and lashed, to tho side of the main- masts; the rigging is "snaked down "— that is, served round and round with rope To strengthen it; and arrangements are made for the wireless aerials. All the hatches are then closed-down and the heavily armoured doors are closed over them, lights are extinguished, and only a feeble glimmer in the engine rooms and conning towers is allowed to remain. Then not yet entirely disappeared; but trade 1707-1710.--This was the war of the the bugle goes for "general quarters," and has been favourable in the main. I may Spanish succession. Prince Eugene offre hose are all run out and connectes add one word that during the first half of | Savoy defeated the French in Italy; and with the sen-water majus. the current term, the export of raw cotton jaining his forces with those of Marl-
borough, le routed the French a and cotton yarn from Japan reached a large amount, but owing to the abnormal Oudenare in 1708, and at Malplaquet in fall in prites, many Chinese merchants failed, and consequently same Japanese mereliants appear to have suffered moro or less on secount of the delay in delivery of goods and the difficulty of obtaining have payment. The foreign banks abundant funds owing to a decrease in their cantion against exports and advancing loans to Chinese merchants, and are experiencing difficulty in fading profitable investments.
1709,
1717-Prince Eugene beat the Turkish subjects of Austria for a second time at Belgrade,
1714, Frederick the Great dispossessert Austria of Silesia, and after a severe engagement at Mallwitz, put the Austrian Army to flight, Frederick the Great discomfited the Austrians at the battle of Prague
1757 The Austrians endured a terrible defeat at Lutzen.
1755.-In the Seven Years'
All the stokers are placed in thres watches, seamen in two and all domestics and spare ratings are utilised as stret- cher parties to assist the afckberth staff. Five parties are told off, and all guns crews sleep at their guns. Splinter note are rigged, and ammunition is placed ready for instant use.
Look-onts, usually signalinen, aro placed in the fire-control tops, and every- thing is then cleared for immediate action. the upper conning tower and direct War, The signal staff take up their quarters in signalling operations from there, under the immediate surveillance of a Yeoman of Signals, the whole staff being controlled by the signal-bo'sun or chief Yeoman, who attends on the captain.
"Turning to Manchuria, the purchasing power of the Chinese has decrersed and generally trade is very dull, owing to the failure of the crop last year and the fall | Austrians suffered a terrible defeat, as 1780-At Torgau and at Licqnitz, the of the quotation of silver. In Mukden, they did in 1762 at Freiburg. Napoleon, the price of small silver coins and paper in this latter end of the eighteenth- All gnis axe electrically controlled front currency issued by Chinese banks has declined, while in Changchun the price of century, appeared upon the scene and the fre control, where the range of the drove the Austrians from Italy, after his gheny is obtained by a patent range- paper currency issued by the Government triumphant victories at Lodi, Arcole, and finding apparatas. The gunlayers merely Bank of Kirin Province has fallen, as a result of which importers who accepted Rivoli, and four years later defeated the lay the sights and keep the guns trained
Austrian forces at Marengo and Monie on the object. paper currencies as payment against bello. Napoleon's. triumph over tho
reached Austrians goods sold suffered heavy losses and harmony in transactions was temporarily Austerlitz, when Vienna fell before his disturbed. However, the Mukden was settled by mutual agreement French. For a second time Vienna was trouble in advauclig forces, and was occupied by the between the Japanese and the Chinese captured, in 1800, aftor the Austrians had -concerned-and-that in Changchau by bem conquered at Eckmuhl, Asperin, and
Chinese measures instituted by the authorities.
BUSINESS RESULT FAVOURABLE. "The above is an outline of the general trend of economic circles at home and abroad as well as the exchange business of the bank. In transacting business under
its summit at
Essling. Fifty years afterward came the battles of Magenta and Solferino, which drove the Austrians from Italy. Finally the Seven Weeks War, in which the Austrians were cut to pieces by the Prussians commanded by Moltke and Prince Frederick, at Sadowa.
SAVARESSES SANTAL 7CAPSULES
PHYSICIANS RECOMMEND THEN Ứ MADÉ IN LONDON : OF ALL CHEMISTS
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