1889-07-09 — Page 1

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Entimations..

BRIGHT I CRISP ! SPARKLING,

AKIN'S TREBLE AFRATED WATERS Dual to the best English make.

SODA WATER.

LEMONADE.

GINGER ALE.

QUININE TONIC.

SARSAPARILLA.

PHOSPHOZONE.

POTASH.

LITHIA.

SELTZER.

CHALYBEATE TONIC. Books of order forms forwarded free on application. DAKIN BROS. OF CHINA, LIMITE D, QUEEN'S ROAD CENTRAL, Opposite Hongkong Hotel, HONGKONG."

(Telephone No. 60.) Hongkong, 24th June, 1889.

THE HONGKONG TELEGRAPH, TUESDAY, JULY

THE P. M. 5. S. Co.'s steamer City of Sydney, with mails, &c., from San Francisco to the zoth alis, has arrived at Yokohama, and will leave for, this port to-morrow.

| AT the meeting of the United Service Lodge last evening two bandsome jewels were presented to Bro. H. L. Stringer, 1.P.M., and Bro. Ross, Steward, respectively, by the Warshipful Master, Wor. Bro. King.

THE late change of the court dress by the Emperor of Germany back to the fashions of 1700 leads one of the leading social organs of London to consider the influence of the Prince of Wales on fashions, and the conclusion is that "Tummy" influence very small.

MIKLOSCH, the great Hungarian, sprained his foot during a recent visit to Vienna. He at once wired home to his doctor: "Have sprained my foot; send instructions." The doctor wired back

Where did you sprain it 2 Miklosch promptly replied: "In St. Stephen's Square."

undisclosed principal 25 shares at $110 for the end of March. On the 29th I bought, from an undisclosed principal, so or $ 60, ex dividend, and As a broker I could not fix a market value for the shares at the end of March; every broker had a different quotation.

By Mr. Francis:-I bought the shares from Mr. Grimble. The as were bought by Fredericks and Joseph, and the go by Mr. Gubbay.

S.1. Danby said:-I an a broker in partner ship with Messrs. Benjamin and R. Gub bay. About June last year I had large dealings with the defendant in Ropes. I don' remember the number but there were over 600 or 700. I don't think there were 1,500 or 1,600. I bought shares for him. Defendant said they ought to be worth a good deal more than they were quoted at, because their land was set down so cheap in their books. They started at $76, but I believe they passed $90. He said something about them being worth $125, or some- thing over. I know he did not sell, and the report was that he held 1,500 or 2,000. I think he said he could buy the whole Company, and

and see if they could move their works to some. where where land was cheap and sell the present site at a good profit; whether he meant to buy the land himself I do not know. He did not come to me for advice, nor to propose anything.

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furnished an account to him on the 31st March. I put against that item "to cost," inflead of "to purchase." "To cost of 200 Ropes at $130 in February," I put it. I did not put it in the February account. He told me he could not pay me then, so I left it out. I did not give him the memo, to swindle anyone; giving an utterly false rate, under a false date, is not swindling.

Mr. Francis:-You were not assisting his to perpetrate a swindle ?-Well he wanted the brokers to try, and get cheaper prices.

Would not that have bren a swindle I do not know what you call it..

Well, what do you call it ?—It was a safe guard on account of the money he was owing

me.

To enable him to swindle someone else, to pay you 7-He was not going to swindle; he was trying to get cheaper mtes, that was all.

Mr. Francis then read the memo referred to. Init Mestra: Benjamin and Danby acknowledged having received from Mr. Rustomjee 300 shares in the Green Island Cement Co. Ás security for

Co, and agreed not to utilise the security in the event of the Rope shares being returned by the 31st March.

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9, 1889.

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menred, and after the stakes were down That was the charge they made against MEPotts, He would not use the terms conspiracy, confederacy. or combination, but would simply say that Mr. Potts acted with a number of other persons in buying up the whole of the shares in that Company and deliberately stepping, in by their acts preventing the defendant from carrying out bis contract. The defence said further that, supposing the jury found that the con ract was a good one, and one that ought to a certain extent 'carried out, the damages claimed were excessive and monstrous, and had been, raised to that amount, not by the ordinary course of fair dealing, but by the deli- berate and intentional action of the plaintiff. His lordship would tell them that so far from a man by his own acts raising the amount of damages, he was entitled to claim from a defaulter he was tbound to diminish them as much as possible, and was absolutely forbidden to increase them.-Mr. Francis then reviewed the history of the Rope Company at some length, with a view to shewing that the stock would only be a 3 per cent.

CORRESPONDENCE.

(We do not necessarily entlong the opinions expressed by Correspondents in this colum.]

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THE NEW PUBLIC SCHOOL. TO THE EDITOR OF THE "tiÓNGKong Telegraph," SIR-I have great pleasure in -announcing that Mr. Belilios has this afternoon, at a meeting of the Public School Committee, most kindly promised to crect at his own expense a suit-- able building for the Hongkong Public School together with a house for the Headmaster, on the sole condition (with the exception of arrangement for providing for an endowment Fund) that five hours be devoted daily to secular instruction during the cooler months from the 1st September to 1st June, and four hours during the months of June. July, and August. This munificent and public-spirited offer relieves the Committee of most serious embarrassment in the prospect of obtaining from Government the kite asked for on Kennedy Road, and confers a great boon on the increasing number of families who education. Ten years ago Mr. Belilios was the first to come forward with a large gift which has contributed considerably out, present endowment Fund, and it is a mattivafor great satisfaction to those who have stead, stood by the school ever since to know that by the munificence of the same friend, it is now to have. a permanent home of its own. The respon sibility on the Committee is now greater than ever to increase the efficiency of the teaching staff. As more, boys can be received in the future school, more teaching power will be needed.

THE Public Works Department and the colony double as much. He asked me to see the Directors 250 shares in the Hongkong Rope Manufacturing stock, even if 12 per cent, were regularly paid, are unable to send their sons to England for generally, has sustained a serious loss in the death of Mr. George Bayne, overseer in the Department. He was round looking after the roads this morning, and sfier tiffin was suddenly seized with illness and died in an hour, from f13 apoplexy. He had been nearly fifteen years in the service, and had been previously in the Royal Engineers.

A. S. WATSON & CO., LD.

ESTABLISHED A.D. 1841.

N drawing attention to our special prepara- tions, we beg to state that we continue to import Drugs, Chemicals. and Goods of every kind of the best description only. No other quality is kept in Stock. Our long experience and intimate acquaintance with the Trade and the best anurees of supply enable us to purchase direct from the Producers on the very best terms, and thus gives us an advantage which enables us to offer our Constituents, the benefit of a con- siderable reduction in the price of all Specialities of our own Manufacture or putting up, as com. pared with similar articles sold elsewhere.

WATSON'S

IODISED

SARSAPARILLA PREPARED FROM THE FINEST RED JAMICA SARSAPARILLA, ' (Evaporated" In Vacuo.") and containing in each drachm one grain

These medicines combined have long ranked as the most certain alteratives koown, bring Indicated in diseases of the skin, and in affections arising from poverty or impurity of the Blood,

Tndide of Potassium,

THE following programme will be played by the Band of the Argyll and Sutherland Highlanders at the Sanitarium, to-morrow, commencing at

5 p.m.

uits

Overture........" Pater Schnell"..

Brise de Reminiscences of England"...Godfrey

Valse Seletion

Selection.

in Dansa du Tambourin"

..Weber.

Laziosis,

Boggetti. Suliran.

[***7 ha Golden Legend" "GOD SAVE THE Queen,” THE Floating Hotel Co., under the title of the Hongkong Marina, Limited, has been registered. today, with a capital of $75.000, in 15,000 shares of $5 each. The prospectus will be publicly advertised in a day or so. In the meantime applications for shares will be received, and forms for that purpose may be had, at the Com- pany's office, 2 D'Aguilar Street. The amount payable on application is $1, the same on allot

ment.

THE Nagasaki Rising Sun of the 3rd inst. says: ofThe caisson of the Mitsu Bishi Co.'s Dock was launched from the Co.'s Patent Slip on Thursday last. The Shire line steamer Denbighshire arrived from Kebe on Saturday, to load rice for Europe, nnd was docked the same day. She came out of dock again on Monday, and the N. Y. K steamer Toyoshima Maru was taken in. After the liter vessel comes out the Nagata Mars will be docked.

Price-8-oz. Bottles 1 5o cach, 15.00 per dosen

16.01.

2.50

WATSON'S

24.00 +1

FLUID EXTRACT

OF

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TARAXACUM AND PODOPHYLLUM. This preparation will be found a satisfactory and reliable remedy in all cases of sick-headache and biliousness when the bowels and liver are sluggish from climatic or other causes.

In Bottles $1 and $1.10 each.

WATSON'S

TASTELESS ELIXIR

OP

CASCARA SAGRADA,

acts as a "Tonic Laxative" and establishes

regularity in chronic Constipation.

In Bottles St and $1.50 each.

WATSON'S

VIN DE QUINQUINA This Wine possesses the tonic and anti-febri fuge proprieties of the well-known Cinchona Quinquina or Jesuit's Bark, combined, with the strengthening qualities of the finest Port Wine. Prepared from the finest selected Bark and blend of our well-known "Invalid Port," it is an invaluable sunsmer tanic and appetizer, especially adapted for use of Convalescents from Malárial- Fevers, and other climatic diseases..

In Bottles $1.50 each.

WATSON'S

QUININE AND IRON TONIC.

This Tonic is strongly recommended in all diseases characterized by Anemia, Weakness, and for promoting and restoring a healthy appetite and imparting strength and vigour 'to the system.

+

In Bottles $1 and $1.50 each.

WATSON'S AROMATIC QUININE WINE. An agreeable preparation of the Sulphate of Quinine in combination with Aromatics... Eminently useful as a Tonic in cases of Debility, resulting from Fever, enervating effects of cli- znate, &c.

Price $1 per Rottle.

A. S. WATSON & CO., 'I IMITED. THE HONGKONG DISPENSARY,

Hongkong, China and Manila,

DEATH.

At Foochow, on the 23rd June, F. SCHOENKE, aged 58 years.

By the Court:He wanted the Company sell their site and go to a cheaper holding.

By the Attorney-General :-I do not recollect what orders for shares he gave me-one day he told me to buy without Imit. If I had had a great number offered me I should have gone and copaulted him. I don't know how many I might have bought. I bought on the 1st October last year, for delivery at the end of January, 754 shares at $71. He sold them for the same amount He sold on the 14th, 500 at $881, on the 15th, 4 at $92, and 100 at $91, cash; on the 18th, 150 at $91 for delivery on the 31st. On the 13th February I bought 100 at $200 and 100 t 185 to cover 200 due to the firm by him. Realty the firm loaned him 200 shares and gave him time in which to deliver them; about the 4th February, but he did not do so for some time, $10 and $180 were the lowest rater I could buy at. He promised to pay the difference between that and the rate we lent him the shares at. He has not done so yet. There were also fifty other shares. The sum owing

Mr. Francis-Now what do you mean by saying that the Rope shares were demandable on the 12th February, when you bought the 'shares to replace than 7-1 spoke to him about, them very often. I said I must have them, that get them for cash and the market was rising, so I wanted them.

And you bought 200 more to replace them, at What did you mean by enormous expense. writing that memo, on the 26th -That letter was written" after he refused to give me cash delivery..

Is it a falsehood, then, that the shares were lent by you to be returned on the 31st 7-It was not-it was a letter written to him, I told him bought them for cash and sold them on time, and they must be delivered on that date.

Well, he had till the grst March to deliver them; would not that do 7-Yes.

Did you get payment for them ?-No. Did you enter the transactions in your accounts at all? Did you enter the 200 shares at $120 in your March account, strike a balance, and hand him back his security without being paid They were not handed back on that date; but on account of the increased value of the Cement shares. He came and said he must have them, so I obliged him in order to get back my money.

Do you still persist in saying that you bought these shares at $100 and $225 to supply the 250 or 200 you lent him I distinctly state it.

Did your firm return the shares on the 31st 7 -I have returned them, certainly. It was long before the 31st March. us is something like $17,000. In February we had several transactions in Ropes. On the 4th we put through 25. $99 for the end of the month; on the 5th, 65 at $roo, same date; on the 11th, 125 at $125 cash. On the 29th March we bought 1:5 shares at $156, cash.. did not give him a contract note for the 200 sharea; at his own request i gave him a memo. I have repeatedly asked for the difference, but he put me off. I suppose he wanted the memo: to make the rate, and get the others to sell cheaper. He said that that would compel the others to sell at a cheaper rate, and he could get them cheaper. As a matter of fact the memo, was a bogus na'e. It was dated the 15th March. I don't know as a fact that Mr. Rustomj e sold short in January, but rumour said so. He must have over-said, and could not deliver. I do not know if he was a selier after the 31st January, as he did not. do his business.

SEVERAL changes of staff, says the M. C. Daily News, are taking place in the British Consular Service in China. Mr. Thos. Watters, who arrived here from England a month ago, has assumed charge of the consulate at Newchwang, relieving Mr. Holland, who proceeds to Amoy Mr. E. H. Parker has returned from leave of absence at home, and taken charge of the vice-through me.

By Mr. Francis :-In October I bought 754 consulate at Pagoda Anchorage, while Mr. R. H.

shares Fr delivery on the 1st January, besides Mortimore, formerly in charge there, has been

keven hundred more on other ordered to Peking. Mr. L C. Hopkins, who from five to

dates. I sold the 754 again in January;1 sold arrived here by the English mail on Satur-

thera on the distinct understanding that names day last, goes on to-day to Chinking, and will relieve Mr. Mansfielt, acting-consulere not to be disclosed, and I appeal to your

lordship. at that port, who proce ds to England on leave. Mr. P. L. Warren. H.M. Consul for Taiwan, is shortly expected to return to his post there when Mr. G M.H. Playfair nuw in charge. will I proceed to Tamsui, relieving Mr. Bourne, who goes home on leave. Mr. Gregory, H.M. Consul for Ichang, is at present in Shanghai on leave, his post having been filled by Mr. E. H. Fraser is acting-consul. We hear that Mr. Alabaster, H.M. Consal at Canton, who has been proposing for years past to take home leave to recruit his health, has again determined to remain on at his post. Mr. Walter C. Hillier has proceeded to Seoul as Acting-Consul-General In lieu of Mr. Colin M. Ford, who passed through Shanghai homeward bound a few weeks ago,

was

THE ROPE CORNER CASE.

And now you come and claim this debt? I haven't claimed it.

Were they returned unconditionally returned them on the understar ding that as soon as he got full paid up scrip he would return it to me or some equally valuable security.

·Did you get it No.

Why doesn't the unpaid balance appear in the March account?

Because he said he could not pay he had no money. When I was buying for him last year, if I heard of a lot I at first went and told him. I had an unlimited order. It was always understood that it was to be at a certain rate. I generally told him what I was doing. I don't remember when he gave me the order. I don't remember what limit there was as the price. He signed the contract notes. He sometimes, said it did not matter to a dollar or two here or there. I had nothing to do in the, way of persuading Mr. Inchbald to sell at $200. I did not suggest the price.

Re-examined :—After the 31st March business in Ropes came to a standstill, owing to the non- delivery of stock.

N. G. Robinson said :-I am book-keeper to Hughes and Ezra, brokers. There were two transactions in Ropes by our firm in February. On the ruth we sold so at $190 for the 31st, March. (The name of the seller was handed to the counsel). The purchaser was Mr. Mody: The other sale was on the 16th February, when 175 were sold at $210, for cash. It was not for or to any person in Messrs. Russell & Co.

By Mr. Francis:-Our firm were the sellers in the first transaction. I saw the brokers' notes that were made out. The firm, simply appeared in them as brokers. I do not know why the purchasers wanted the shares. The purchaser of the 175 shares paid for a portion of them, and we held the shares. They were delivered at a later date.

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fair

J. S. BURDON, Bishop.

St. Paul's College, 8th July, 189.

CANTON,

if the shares were purchased as an invest ment at $100 He continued that it would be part of their case, if it ever got so far as a question of damages, that there really never was a market for the shares at that figure, so that the ordinary rule which applied to general cases, did not apply to that. would be shewn, if the question of damages was reached, that the stock never rose above 100; the higher prices, in every caac were given by the persons who had banded together to raise the value, or by a few who had been let in the sa 'e hole as the defen. dant, and who preferred to bear the lots rather than face proceedings in the Court. The ques tion in point of law was what was

a fair measure of damages in a case like that. Was there a fair open market, and market price? There were no transactions in February and March, practically, except. between Mr. Fott and his companions in, the little arrangement, excepting a few who were compelled by their operations to buy a few shares at any price, which did not constitute. The scare in re the massnerel the Innocents, a fair and bona fide market for the purpose of | which called for the appearance of H. M. S. fixing damages. It was part of his case that Mr. | Cockchafer and which brought that notable old Potts, unlike some of the persets whose naives craft to an anchorage off Shamien in 71 hours had been mentioned, had no contracts to meet from Hongkong, has subsided and she returns which obliged him to take up, ar go into the

to augment the Commodore's squadron at Hong- market himself ad purchase at exorbitant kong on Thursday next, much to our regret. prices. If he had had, that would have been an There is no doubt the old Cockchafar fairly out- item for their consideration, He had a perfect | did the gunboat record in the rapid passage she right to measure his own purse against Mr.made to give aid if necessary the foreign, Rustomjee's, be thought fit-but, not content with playing his own hand, and relying on his own skill and knowledge, he combined with others players in the same game. His lordship would instruct them that the simple fact of combining with others for the purpose of raising the price of shares was in itself conspiracy, criminal conspiracy, and in itself enough to cause a contract to be set aside.

His Lordship-Although it was after the date of the contracı?

(FROM OUR CORRESPONDENT.)

Canton, 9th July, 1889.

community, and I shall not he surprised if the Board of Admiralty, following the Calliope. example, return thanks to Captain Maxwell, the Chief Engineer and officers of the vessel for their energy in an emergency. Also, Mr. E. R. Belifios might emulate the French Marquis, and dist ibute a few of the "Bellyjoss baubles" of g which he has so many in stock at the Steam- boat Co.'s offices I understand, to the deserving on this occasion. Since referring to the absuid "caddism" of the day, which encourages the seeking for distinguishing decorations for simply doing one's duty, I have been reminded that Chinese Gordon sent the heavy and solid gold token presented to him by the Prking Govern ment on the suppression of the Taiping rebel- lion, after carefully obliterating the inscription, anonymously to the Coventry Relief Fund, this being all the value he could command after expending his pay on the waifs and strays at Gravesend. It is noteworthy that in almost the last lines be ever penned before his heroic death

Mr. Francis replied that it was, whether before or after the contract was made; it influenced the carrying out of the contract, which was fraud. He then detailed the progress of the operations, as gathered from the evidence, and referred to the parts played by Mr. Potts. Mr. Shewan, &c., and commenting thereon, said that it was not necessary for the purposes of establish ing a confederacy that the parties should agree as to the price they were to ask, or the date at which they would sell ; it was not even necessary that they should be acquainted with each other, Khartoum, Gordon expresses the satisfac- It would be sufficient that they were confederated

tion it gave him to think that his decorations with one man, and the defence this case wa& bad been thus utilised for the help of suffer that all the person named, with the exceptioning humanity, and that the race "should be for perhaps of Mr. Tomes, combined with Mr. Robert Shewan, and acled under Lis guidance and direction, They were all members of the same firm, possessed of the same common knowledge, and all buying shares in January as hard as they could; Mr. Shewan, in his evidence, admitted that his brother left his shares to bin management, Mr. Duer hid done the same, as had also a Mr. Moore, and Mr. Polts had given him authority to deal with his shares at a fixed price, and promised not to dispose of them before communicating with him. Mr. Shewan was thus not only holding over a thousand, which he had purchased during the preceding two month, but controlled the shares of a number of other holders, including Mr. Grimble, though he they were told brake away, as he would tell them himself. Mr. Shewan thus controlled, by agreement and otherwise, fally three thousand shares in the Rope Works, although there were only 3,000 shares altogether, and a con- siderable number were necessarily not in the market. So that really he possessed a number of shares that had no existence, or at any rate every one that was available. These facts they had already heard in evidence, and he hoped to drive them further home by evidence he would produce. He proposed to call Mr. Grimble, who, be thought, would satisfy them that there was a confederacy, to which be was a party, but from which he broke away. In conclusion Mr. Francis pointed out that unless Mr. Potts used his special knowledge he was even less likely than Mr. Rustomjee to have known the value of the shares.

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bonour not for honours." Mr. Belilios, whose principal part before the pubile in England has bcea that of the champion of honours, not honour, will do well to study the life of Charles George Gordon as written by Sir William Butler, before he attempts to distribute any more of his snobbish badger. Moreover, to further Mr. Belilios's study of decorative history I should like 10 whisper in his off auricular the fact that when Marshal Blucher entered Paris in 1815, after the battle of Waterlon, the Duke of Wellington informed him that Louis the XVIII Intended to confer upon him the Order of, I think, the Holy Ghost, when the bluff old Maishal replied that if the French monarch carried out his intention he would certainly hang the order behind him, to which Wellington humourously responded that in that case he would be showing his appreciation of the honour by hanging it where he (the Duke) was certain the enemy would never have à chance of hitting it. If the Bellyjoss order were so worn I am not sure that there would not be some appropriateness in it after all,

A fatal accident occurred yesterday to a Chinese asilor on board the China Navigation Company's steamer Sunkiang, Captain Glasson, It appears the youth was employed on a stage painting the ship's side, when be overbalanced himself and fell into the water, striking his head as he fell against the stage. Although a good swimmer, he must have been stunned by the blow, for he never rose again, An inquest-war held in the afternoon by Mr. Chaloner Alabaster, H.B.M.'s Consul and a jury, when a verdict of accidental death was recorded." It is neces- His lordship -1 had some difficulty in sary to mention, in the light of recent events in following your proposition as to the effect of the regard to another Company, that a considerable combination after the 16th January. My sum of money was immediately offered by the impression is that if this transaction was valid Company, of which Mestra. Butterfield and Swire in its inception, any combination after that date are the Agents; for the recovery of the body of could only have bearing on the value of the the unfortunate Chinamen, and when recovered shares, and not on the validity of the contract. It was placed in a coffin, and properly treated Mr Francis cited several cases in support of so that it could be conveyed to Ningon, the his contention, which was that if the carrying native place of the deceased. The Steam- out of a contract was rendered impossible by boat Co., in this, as in almost every, other season of an exorbitant cost the contract was instance of control and management would do well to take a leaf out of Messrs. Butterfield invalidated.

and Swire book, NY

His lordship ruled that he must answer. Witness-I sold 200 to Mr. Perry and 300 to Mr. Grimble The 100 on the 15th January were bought by us for cash, and sold to Mr. D. E. Sassoon. The 150 at $92 on the 18th, we told to Mr. McCulloch, On the 13th February we bought 100 at $200 from Mr. Inchbald, and 100 from Mr. Potis at $185. I took the shares from Mr. Inchbald on the 31st. The contract was made on the 13th-at any rate it was written that night, and signed within a day or two. We send the delivery notes out to be signed by our clients at their leisure. I had not Mr. Rustomjee's direct authority to buy the 300 shares. I told him I was going to buy them to replace the 200 I had loaned to him. He knew what the market price Was I did not give him written notice. I settled for them. I needed the shares, as I held them on other people's account, but we were not short,, They were the firm's shares, but had to be HOW THE SHARE MARKET IN WORKED,

delivered on the 31st March. Sometimes brokers The hearing of the case Pelis v. Rustomjee buy cash thares and sell them on time; that was again attracted a large crowd of honest men and what we did in this case. In January we brokers to the Supreme Court this morning. bought and sold 195 at $83 cash, same date The fist witness called by the Attorney-General 95 at $83 for delivery at end of month;

so at $84; and 85 at $94, and 85 at $84. That closed the case for the plaintiff, Mr. W. Legge who said :-I am a sharebroker, all for delivery at the end of March. On Mr. Francis, on behalf of the į laintiff said that on the face of it that transaction was a very simple and have been one for ten years. I have had the 7th we sold a; at $86 cash ; 95 at $87_for a pretty good experience of share-brokering. 31 January; 100 at $86 for 31st March. (Here one. The defendant undoubtedly contracted to. My transactions in Ropes in February were be band d the paper to Mr. Francis to see one deliver fifty Rope shares to the plaintiff on the 31st Sold on account of Mr. G. 1. Watson to Mr. E. entry, and looked very sharply after his not March, at $94 per share. He did not deliver R. Belilios, 25 shares at 899 each, cash. On seeing any more) On the 8th January 56 at 886); them. He repudiated the contract; and the the gih i sold foo Ropes at $1oz for Mr. Shewan 150 at $90, for 31st Marchi 57 st $1 for end question for trial on that occasion was whether Не to Mestra, Josephs and Fredericks. These were of January; so at 892 for end of January.he was justified in so repudiating then for delivery at the end of March, Later the On the 15th so at 890 for the 31st January; 50 (Mr. Francis) was perfectly well aware that same day I sold so more between the same more at $90; 100 at $91, for end of month; so at such a defence as that did not come before a parties at $103. On the 7th I sold 25 more at $91 cash; 345 at $91, 75 for 391 75 for 895 for jury of mercantile men with anything particular in 15 $103, and 20 from Mr. Watson to Mr. Belilios at end of March; ras at 89, same date; 25 at $93 its favor, especially when the suject-matter 8109, cash, On the 12th I sold from Mr. Shewan cath; 30 at $93. for end of month; so at $94 for was a contract connected with share transactions, 30 Ropes at $300, cash. Those were all I sold end of March; 54 at 894 for end of January 25 in which, whether they had been successful on In February, I do not remember a cash transact $111 cash. On the 25th January 25 at $95 out, the gamblers relied on honor, and not law, tion in March at $200. I did nothing in Bopes for 31st March, 155 at $95 for same date,.57 at to prevail. Some of the jury possibly in April. I have personal knowledge of who were $97. Those were all in January. The transac speculated now and again in shares, and all holding Ropes in January. On the 14th January,tions on behalf of Mr. Shewan, were the 95 were thoroughly acquainted with the state of the defendant held between 1,500 and 3,oco shares. Erst mentioned; the 50 at $84 on the 7th and the share market, and the amount of what he did not On that date I bought so shares from him at $89 95 st 887 was a sale for him. On the 8th he hesitate to call gambling that went on there, per share for the end of March. I belleve that took 50, and 25, and 100; on the 5th 25 They all thoroughly understood that the greater he dealt with other brokers, both in cash and and 125 at $95 for March. On the 28th portion of the business was done for the sake of forward transactions, after that.

sold to for him at $98 cash. The transactions doing business, and that many of the transactions By Mr. Francis I knew Mr. Rustomjee held for William Shewan were 25 at $84 on the 5th would not hold good in a court of law, but the shares because he told me, and from colla- January. On the 7th January I bought ag at were conducted on the principle of honor. There $85 cash for Mr. Grimble, and 9; at $87. These fore when a man come forward and apparently, teral evidence which bore out his statement,

Raimond Toeg, said I am a partner in the last were sold by Mr. Shewan. Also 100 at $86. at first sight, because he had lost repudiated a firm of Torg and Gubbay, sharebrokers, and I sold on the 8th January 150 at 800 cash, to contract on strictly legal grounds, he could have carried on business as a broker here over Mr. Perry, and ga more at $91, for end of month. understand that the feeling of the mercantile a year, in February this year: I put through Also 25 at $91, from Grimble to Shewan. On community would not be very much in his favor. several transactions in Ropes. On the 7th the 16th sold 345 shares on Grimble's account. The fury, probably, were acquainted with the sold Tog shares at rog for delivery in March, The purchaser has nothing to do with the case, game of poker, in which all sorts of bluff and and so at $108 for delivery in June. On the 12th and I appeal to your lordship not to press for | prstence were fair. Men played at that, and we bought 73 at $100, for cash. On the at bls name. (The name was passed to Mr. every one was perfectly justified, within certain March we sold.ss at $160, for delivery at the Francis, and the question was not pressed). On limits, in winning to the best of his ability end of the month. We did nothing in April, the same date 25 at $95 for Mr. Grimble to the money changed hands without anyone dream- By Mr. Francis: We sold the 55 at $160 on same purchaser. The parties to the sale of 125 ing of appealing to a court of law-indeed our account; Mr. Duer was the purchaser. The for $135 one the 11th February were ourselves it would be considered dishonorable in a man Ing we sold on the 7th February were between for 50, and another seller $75, Robert Shewan to do so to evade payment. But every poker Grimble and Duer, and the other 50 between beling the purchaser. The 25 181560s the 20th player or share speculator would draw the line Grimble and Duer. Mr. Shewan bought the ys March were bought by a bond fids purchaser at swindling and cheating. Every man was ject speaks for itself:-

'at liberty, as far as his own actions went, to

COLONIAL SECRETARY'S OFFICE, $200 from Mr. Coxan, I don't know who He had nothing to do with asy "ring." Ch

26th June, 1889, was principal. On the 31st March I had to firms were the principals in the forward sale on manipulate or try to deceive his opponent,

SIR--With reference to your letter of the 1st deliver 100 shares and 25 shares to Mr. Duer. the sth January of 195 at $83 and $84. We but no man, or set of men, must pack The 100 were bought at $104. I was "the sold them on time to Robert Shewan and W. the cards, or confederate with each other for March last and to subsequent correspondence on

the subject of remuneration to Special Jurors, concerned," but the principal was Mr. Grimble, Shewan, 25 at $84 were delivered on the 38th the purpose of winning a heavy stake from.

am directed by the Governor to inform you that, The 5 were at $160, and were sold on February instead of the 31st March to Mr. Duer. another player, and no matter how inveterate the 1st March. The 100 shares were not On the 7th January we sold en our own account a gambler that man might be, whether he having at your suggestion made enquiries from the Governments of India, Ceylon, and the Straits 500 at $86, to Grimble. He did not know we were appealed either to a court of honor or a court delivered in time, and Mr. Duer refused to

Settlements. His Fxcellency finds that in India accept the 75, saying he would take them all at the principals. I think it is quite straightforward of law no one would hesitate for once. He wanted the other 100 from Grimble to sell as a broker although really the principals to draw the line at going outside the rules and the Straits Settlements, no fees at all are paid' Grimble eventually supplied them-about the Although the 200 shares had to be delivered at of the game, and uphold him in refusing to Jurors, and that in Ceylon such fees are of and or 3rd April. He did not deliver before, the end of March I bought them in February to pay the stake. Mr. Rustomjee, they knew, much smaller amount than those complained of because he had to get the shares from Mr. at high prices because I saw the market rising bad for years been a very keen speculator, taking here.

While the G. vernor is fully sensible that even Shewan. He gave me an order to get them and heard a good report was coming out.. I all the chances of the market, whether they from Mr. Shewan,

Cappot teil of any other transaction at that time turned in his favor or against him. His charac- the fees which are fixed by law here do not, in some casca, compensate for the time expended Re-examined by the Attorney-General:-1 at that price, but I heard of sales at high ter he would leave in their hands-But even did not tell Mr. Duer who was the seller at the rates-namely, $200 cash. Messrs. Toeg and ifthey set him down as as inveterate a gambler on the duty performed, His Excelicacy regrets Gubbay said so. I beard rates werp much i n any poker player he was perfectly that, after much consideration, he does not see time:

By Mr. Francis-The name of the principat gher than I was paying, Mr. Inchbald said he justified to draping the line somewhere, and his way to proposing their increase. U

I bare, etc, IRAN. was not disclosed in the first transaction; I am had an offer from another broker at $200. I can insisting that the game in which he took a hand

AUR BASF. STEWART, not tell who the broker was, I did not give notice should be played legitimately. The defence not sure about the second.

Cat Lady Colonial Secretary, Charles C. Coben said: I am a broker in com to Mr. Rustomjee that I was going to get the refused to pay a bet unfairly won through the pany with Mr. Georg, and have been here many 200 shares at this prices asid to him that they packing of the cards by the other players, The Hon. P. Ryle, Chairman, the Hongkong years. On the 22nd March 1 bought from an i were at $100 each, and I must bars them, especially by Mr. Potts, belers the game come General Chamber of Commaron;

The Houghing Gelegraph.

Hongkong, TurSDAY, JULY 9, 1889.

LOCAL AND GENERAL.

· THE P, & O. Co.'s steamer Venetia will not leave for the Japan ports until noon-to-morrow, THE Ocean Steamship Co.'s steamer Achiller, from Liverpool, left Singapore this morning, and in due here on the 15th inst.

It appears that in Holland an unmarried woman always takes the right arm of ber escort and the married woman the left. At a church wedding the bide enters the edifice on the right arm of the groom and goes out on the left side of her, hu band.

AT the Supreme Court to-day the CABC of Yockney v. Rustomjee was mentioned. It will probably be beard on Monday week, and will, It is expected, occupy several days. The case Chater v. the Hongkong Hotel Company, will be heard on Monday.

It is reported that during the sojourn of King Humbert, of Italy, in Berlin, an understanding was completed, providing for the co-operation of English Navy with the fleets of the triple alliance in the event of war being made by the three Continental Powers against Russia and France. We don't believe it.

A VERY serious trouble, says the Nagasaki Ex- press of the July 3id, occurred with the convict miners at Mike on the 23rd ult. It appears that on that date two parties got fighting, and a num ber were seriously wounded. The following day they attempted to break out of jail, and great ex citement prevailed; necesitating the summoning of police reinforcements. In the meantime the out put of coal from one shaft was suspended.

moment

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Mr. Herbert was then called. He said :—I am the manager of the Orienta! Bank. The plaintiff has an account with us. I produce the cheques drawn by him. Four are drawn in favor of Mr. I Tomes. They are for $3.560, and $1,004, dated the tath February, and $17,800, and $40,000, dated the 13th February,

Mr. Tomes was then called, but, not being in attendance, the Court adjourned until to-morrow at ten o'clock.

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JURORS' FEES.

Turning to another subject, the Back-rench is to be opened again at last, so that we shall soon see the Coast steamers once more off our bund enlivening the prospect and adding something to existence berekenland la

The Mist" had a grand trial last week, but was not able to show a better result than I have previously indicated. The 2000 picals of refana copper purchased by the late Chinese Minister to Japan, they can make nothing of and it stil remains sa dend: stork. That popular young man Tel Sih-yung das managed to put his youth' qualifications consist in having studied in the Central School of Hongkong for about three: years, which, of course, pre-eminently fits hin for the post of Superintendent Manager to the first Imperial Chinese Mint

The following letter on the above-named sub- nephew in as manager of this establishment; the

SERIOUS DISTURBANCES IN FOHKIEN PROVINCE,

News of troubles of an alarming nature going. on in the upper country, reached here, says the Foochow Echo of June sġib, a few days ago. It appears that a large body of men living on the borders of Kiangel came down in rapid boats to this "province, and when parsing one of the military stations we stopped and interrogated by the officer stalloned there; as to the object of their moying in such large numbers. The reply yas that they came down to get the wrongs of - their countrymen redressed, that severalof them were killed last year by the Fobkledese, and that as no justice had been obtained up to the present time, although petitions had been overy. now and then presented to the officials they

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