1891-06-25 — Page 7

THE SHARI SHORT-SELLING

BILL.

THE HONGKONG TELEGRAPH, THURSDAY, JUNE 25, 1891.

lead to a better understanding of the Ril, and deprecated the idea that he was desirous of acting unfairly towards any section of the commonly. (Applause).

to take up or pay for shares. These trans- action were dependent on honour, and fell through simply becauis a man had not the money to pay. But it would be precisely the same under

• A special general meeting of the members of Mr. Francis said that in the absence of other this Olinance, Nothing could stop the true the Chamber of Commerce was held this after-speakers he would make a few remarks. He gambling spirit, which was the real cause of most share transactions, Such Acts had been noon (18th inst.), for the purpose of discussing the would not venture to rise now in the Chamber

of Commerce in support of any particular view passed in thereign of George II, but found utterly provisions of the Ordinance to amend the law in

or any incnsure if he did not himself support useless, and repealed in 1859 as they were respect to the sale of shares in local joint-stock that view, although he must appear to-morrow found to be no check to gambling, bat only Companies, which was introduced by the Hon. In behalf of the Brokers' Association before thendrance to trade. Free trade in shares meant J. J. Keswick before the Legislative Council last Legislative Council to speak on the second a free and unlimited market, open to every one. year, and which will be read a second time to he had studied the question, and had come to market open only one sincer, a weld reading of the Bil To prepare himself for that The last speaker wald be wished to have a to bona fide investors, but that morrow. A private meeting of the Committee the conclusion that the Bill ought not to had previously been held. There was a fair allowed to pass. When he first saw the Bill seriously Injure trade. It be thought this ättendance, some forty members being present.

he thought it would be a most excellent thing, would in any way check the ruinous gambling and was bound to do a great deal, of good which had gone on in the last three years he Mr. E. Mackintosh, Chairman of the Nobody could possibly deny that a great deal of would support it, whatever might be his pro- Chamber, presided. He said that his mind and mischief had been done during the last three fessional duty as counsel for the Stockbrokers those of the Committee were open to receiva

years

In consequence of the large amount of Association tomorrow, but he had satisfied suggestions pro and com, and he would only gambling in shares and excessive sbare specula- himself after the most complete investigation express bis deprecation of any interference, tion, and if by any possible means that gambling of the question that the Bill would not have any by the Govemment, with the conduct of spirit could be checked, very great good would of the eff ct it was intended to have. He there- commercial operations in this colony. Ho be done not only to the Colony but to the for moved That this Chamber, disapproves of thought the less they bad of that the individual members of the community. Every one the Bill in its present form, being of opinion that batter. (Hear hear). The Bill was founded would admit that. But that was not the question. It will effect no useful purpose." (Cheers.) on Leaman's Aci, passed in England in 1865 to Thereal question was whether this bill would have stop the class of persons called wreckers who that effect; and after carefully going into the depreciated bank stocks in order to create "runs."

matter and looking at it on all sides, after most To his mind there was hardly any necessity for completely studying it, it seemed to him that such a Bill here, as only the shares of one Bank this Bill would realy effect no such reform, and ware dealt in, and therefore the conditions were would in all probability though indirectly do not the same. The normal trade of the colony great mischief to the colony, in interfering with as far as he could see, had not been depreciated free trade. These companies whose shares were one whit from what it was some years ago the bought and sold, what were they formed for? present depreciates that everybody referred to What was the object of the Limited Companies appeared to arise solely from the mania that Acts? They were intended to enable large su seemed to pervade the colony and most af money to be gathered together from very small places

the East periodically--they pures, to be massed together for great enter suffered from them and they recovered prises. Under the old law partnerships only from them, although this time they seemed could be formed, and then if one man wished to to have taken the lever rather badly. But separate from the rest the partnership had to be If the Government were to legislate for the dissolved. One of the objects of the Companter It was not done in a way that would hurt the shares in the open market at any time, and a stoppage of speculation care must be taken that Acts was to enable every man to transfer his true commerce of the Colony. There must be

great advantage of that was that each one of many bona fide transactions in shares occuring these people might get back his money out of the every day, to attempt to regulate which by law

concern at any time be liked, and found a seemed to him to be travelling outside the scope ready market for his shares whenever he of what was required. He would suggest that wanted to dispose of them. The existence of if it was sought to curb what drastic on caure Limited companies, and the dealings in company bargains" probably less drastic measure capital would not have been carried as far as it would do it, that was to say in every sale of had beca and would not have increased and shares the transfer that bore the actual number

gone on to this extent if any limit were to be of the strip, whether for delivery at once placed on the sale and disposal of these shares or at a certain time, should be stamped

It seemed to him therefore that it would be on a certain scale, whilst those which laadvisable to place any limit on the free sale bore no such nambers should be taxed on and disposal of shares. What was the nature of higher scale- the colony would thus be benefited this Bill? Professedly, on the face of it, it was and probably a check to some extent would be

drafted to prevent the sale of shares which were placed on what were called gambling trans

not in the possession or not under the control actions (applause). He then invited discussion of the seller, and it professed or endeavoured to After a pause.

carry out that object by saying that every contract for the transfer of shares, which must be in writing, must state the number of the shares sold; and it imposed a penalty and made it a criminal offence to put any "false numbers" on the

[]

Mr. Francis asked that those who had asked for the convention of the meeting should take the initiative.

Mr. Keswick said he had not intended to

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what lengthy speech, said that nor effectual Mr. Granville Sharp, In the course of a some- attempt to put an end to gambling would be impossible, but there was a great difference between offering facilities for it and doing what, to the best of their intelligence, was calculated to diminish it. Mr. Francis ad referred to the great advantage of limited liability Companies, as affording an opening for small investors. But who had any money to Hongkong and didn't know where to place it? (laughter). The Hong- kong and Shanghal Bank's rate of interest he had invested there years ago, he would was quite good enough-he only wished

have been a millionaire now (conewed laoghter) Mr. Francis said they had not lost thele money

were got up in the gambling mania, for gambling by shate transactions, but by the failure of Compaules. Why did they fall? Because they

depressed 20 to 30 per cent. in one hour, bet purposes. He had seen Bank shares la Bombay that would be Impossible here, if this Blvere passed. Mr. Whitehead said mistrust obtained in Hongkong, but why was that? It was petly because of the failures in other parts of the world, but, he thought, mainly due to the fact that the whole community during the last three years had been greatly bent on getting money that they had never earned (Hear bear.) It was not the small $100 a month clerks who were to blame it was the men with thousands. For himself, he long ago decided that land cultivation (Laughter). He sincerely sympathised with the was the only proper employment for capital brokering community--many of whom had thaken off the shackles of even our most Important local institutions in order to ornament Queen's Road It was sald that the Bill waS in advance of the times, but perjurers and others also complained of the same thing. If one

In

of some

as the time had been during which the three ladies were in the hands of the rowdies, they are all bruised more or less about the arms and body, though Mrs. Warren is the only one that can be said to be seriously buit. She has a very severe cut on the top of her head, a nasty black eye and her shoulders and arms are all a mass of bruises and contusions. Great credit is due the Erh-fu for his humane and resalate con- duct on this occasion. He took and sheltered the refugees in his Yamen where they had the happiness of being re-united to some of their taken by the servants and some native Chris- children who had been missing during the pro- cress of the whole riot; the little oues had heen tians at the Eth-fu's Yamen. But here too the poor fadles leamed of the horrible murder of Messes Argent and Green, of which they were told by Mr. Argent's boy who saw his master killed. This hay it was too, who a little while after conveyed the appeal for help from the refugees to Captain. Cain, an interesting document which we have in our possession, and which we append. It is written in pencil

on a long, narrow strip of ordinary, coarse brown wrapping paper, and reads:-

To Captala "Tebsing,"

Effa's Yamén please send note and men to A slot here, bouse burnt, please stop. In protect us Mrs. Boden, Mr. Warren, Mr. Protheroe and 4 children.

the ruffians that

When Mrs. Boden's house, which is the only of Mr. Protheroe's house is also destroyed one burned (though a flor in one of the rooms through the savages piling up all the books and papers, they could find in the middle of Mr. Argent, it la said, was waiting at McBala's the floor and lighting the mass) took fire, station for the Saul, in which he intended to go to Hankow, but he went up immediately to the burning house, whither he was followed gentleman was the first attacked. He was shortly after by Mr. Green. The reverend

He then took to fight, but was overtaken near an knocked down by a stone, and Mr. Green went to his assistance only to be set upon la turn.

attacked. Some of the Chinese in the crowd official's residence about 400 yard off and again endeavoured to save him from a similar fate to that which befell the unfortunate Mr. Argent, whose brains had quickly been hattered nut, by Green, was not a missionary but belonged to the Customs. Their efforts were in vain though, for in desperate resistance, poor Green's life-blood was a few seconds. In spite of his

pouring out through fifty wounds, When the Tahsing came up to Wasneh, the Customs Welguen came on board immediately, and Capt. find the ladies, but this was refused, the Welruen Cain asked him for permission to go ashore and

saying, perhaps with truth, that no Foreigners could go ashore with safety. The Welysen then went at Captain Cala's request to look for the bodies of the murdered men, but returned unsuccessful to the steamer is a little white, saying there were soo frantic rebels about the speak, but as he had been one of the number

fouth part of the energy that had been displayed place where the murders occurred and he could who desired the meeting to be called for the pur

and been devoted to the study

share business during the past year not approach It. Captain Caln sent a note pose of discussing the measure he would say a

by the Customs sampin up to the three ladies few words. He was already sequelated with

manufacturing or trading projects how much better it would have been for the Colony. Where other-tals Yamen, which is a short distance most of the arguments that would be advanced

was the profit in all those men being occupied from the landing-place and had the satisfaction against the measure, and, he need hardly say, he

day after day in studying the stock list ? Mr. of seeing the whole party coming down shortly regarded the whole of them as belog far from

Francis had complained that if the Bill passed alter, in chairs, escorted by the official, They sound. With regard to the Chairman's

the orra for investors would be very limited, but

were all in a state of great prostration, partly comments be would point but that

who profited at present, except the brokers ? He clad, bruised and hustled about, and one of them be did not belleve that the gealune

severely wounded, so that their accounts of the and legitimate business of the Colony had been

hedgren the beginning of the mania for specula

whole "barines could not be expected to fa nay way Interfered with by the undue

tion. Forty-seven years ago the bank ba was in.

be very clear; some of the children had hardly gambling in shares, but he was satisfied that

butat up through it the second bank be any clothes on them, the servants having been entered followed suit, and the

third, of the individual credit of a very large number of

he

In the act of putting them to bed when the riot WAS manager,

co Wis

The argument that really had most weight was

aboard the steamer is described as being truly that the measure was likely, in its application, that, and said he could go into the street and

had never bought a single Bank share | P

lepitiable, their naked limbs (the eldest of to be very hash and unjust to a large section of point to numbers of persons who had suffered the community--the brokers, among whom he in pocket through share transactions. He (Mr. he wished he had-but he had known's single hers it must be remembered, being only five was pleased to count many friends. That Francia) would point out in passing that a great broker clear $740 in brokerage alone in an hours), covered with mud, and their litle faces a very weighty argument, because he deal of the losses referred to had been incurred or two, doing 15. It was to be hoped that the with tear of real terror, Captain Cain and hit officers did everything possible to promote the considered that any enactment likely to be not through the buying and selling of shares, Bill would pass; the gambling spirit of the last comfort and revive the spirits of the refugees.

more harm to hardly on any section of the community was one hut because many of the companies whose shares thece years had done

had

When the ladies came round a little they told that required very serious consideration. For were dealt with in the local market had not Hongkong than anything. be

their host of the dreadful events through that reason he had been exceedingly anxious been started on a sound basis, and through experienced. (Hear, hear). He proposed as an which they bad passed, and ales of that the most careful consideration and the unwise investment and bad management, result amendment to Mr. Francis' proposition" That fullest discussion should be afforded to the Bill. Ing in failures of companies, and not in colegialation of the Hon. J. J. Keswick as a step Cain meds another effort to

the Chamber of Commerce views the proposed Cain had hitherto been ignorant. Captafe the murder of Mr. Argent, of which Captain There was a very general misunderstanding, sequence of gambling in shares.

Who were he thought, with regard to the intention of losers? Could any one of those present point in the right direction."

bodies, asking Mr. Argent's boy, who had come the Bill. His intention with regard to it had to any gentleman who had lost his money by

on board with the appeal from the ladies, to go not by any means been to restrict legitimate about selling? If they would run over the list of

and find the body of his master; but the boy sales of shares, on the contrary it had been to their friends and acquaintances who had dabbled

refused, saying he was afraid. There was an encourage as much as possible, all legitimate in shares, they would find that most of them had

favalid gentleman named Fortune, living in and bona fide enterprise, and he was satisfied last not by selflug short, but by buying for the

a bungalow on the opposite side of the river, that he was not mistaken fassylog that if the Billrac. To take an Illustration given by the last

whom Captain Cain and the ladies requested to became law it would not seriously restrict share speaker, suppose some wenliky individual or

come on board the Taksking. Mr. Fortune saw business. At the present time, he considered, if wealthy company set to work to rig the market.

the wisdom and kindness of the offer accepted it, the Bill became law it would give the buyer an What did he do first? It was useless to operate assurance that what he purchased existed, and it until he had run the price down, would give the seller an assurance-a ground started buying sharessy five thousand, for supposing, at any rate-that the buyer or twenty thousand-be bought all the shares would take up the shares on due date. He he could lay his hands on. But he did not buy did not know of any points that needed to be on time, he bought for cash. Then it might dealt with of course if he were asked to go take him an extra half hour's work in the day, through the history of the past three years, as or he might have to engage an extra clerk at regarded operations in shares, he would not have about $40 a month, for the sale of these shares. very great difficulty in shewing that the

document, though it did not define false numbers, and did not say that the seller should insert the number of the shares which he possessed. The numbers might be perfectly correct and yet the man might not possess them himself, as the Bill did not make it a misdemeanour to insert the number of shares which existed though not in the possession of the seller. The only thing that portion of the Ordinance could do would be to prevent a man, if there were two thousand shares in the Bank, inserting the number 3,000. But that might be only an oversight which could be amended. Suppose that the Bill were passed to-morrow, would it prevent the same happening which had happened in the past in Hongkong?

utterly

evident from the marks of the struggle upon | Argentahd"Green "la" one" of the these things le hands, he had only his bare fists to which must disturb the most placid Chinophile depend upon and the number of wounds and cause a thrill of indignation that such he aceived before he fell beaten and helpless amongst his barbarous and brutal enemies, four or five hundred yards from where Mr. Argent already lay reeking in his blood; Meanwhile the head Chinese afficial at the Custom Houter had gone to the missionary dwelling-houses and there found Mrs. Bowden, Mrs. Warren and Mrs. Protheroe, with four litle

children, expecting in terror every mothent to be to get them to his vamen, where they remained murdered. But this official, who deserves great credit, managed after great difficulty and danger in compstative safety, but in the most awful slate of distress and suspensé, ill the next mening, when the welcome sight of the Tehsing rai ́ed their hopes, and they were conveyed on board by devious way and through back streets for fear of another attack, the official escorting them to the jelly. The chapel was completely loated, while Mr. Bowden's home is entirely burnt and Mr. Prothero's also partially destroyed.

outrages can apparently be committed with In- punity by the natives of a nominally friendly and civillged country. It is now extcily a week sincs. these two derated Englishmen were foully murdered and the English Mission at Wasuch looted within a stone's throw of the Yangtse, and yet not one British man-of-war has vitked the scene. This disgraceful apathy on the part of the Naval Authorities as well as the Consular

indignation in all circles, and Foreigners and Officials, who draw fat salaries for looking after British interests, is causing the most bitter Chinese both alike marvel at the extraordinary display of appleness by the Power whose trade with China represents some eighty per cent, of. the intter's entire commerce. That the task of rescuing the wemes and children, whose terrible. experiences will not soon be forgotten, should be- left to an ordinary merchant steamer is bad enough, and to the captain of an American RAD-of-war belongs the credit of seeing the but tas utter, failure of the British flag to bodies of the murdered victims decently coffined,

The Pates, which left here for Wusneb, Imme diately on her arrival from Shanghal, has now returned and reports the result of the Inquest nut in even an appearance, if only, as a upon the bodies of the two English victims of the matter of form, at the scene of the outrage, Chinese rebels to have been "murdered by a is a disgraceful Instance of the sort of riotous mob," seven of whom are now under protection which British subjects may expect Arrest in chains at Wunch, along with the misfrum, th

their own authorities. That the three un- creant who brought the children into the place. fortunate ladies, Mrs. Boden, Mrs. Protheros and aril so caused the outbreak. The Wusuch off Mrs. Watres, with their four Infants, excaped and abject terror over the affair. cils are in Argent was evidently killed by a blow on gratulate ourselves in this most shocking state of great excitement with their lives from the hands of the fanatical

Mr. mob is the sole polet upon which we can con the back of the head, evidently inflicted with business, and this was solely due to the noble broken and the face terribly cut and backed, Pings and a bandful of Christian servante, a block of wood' of stone.' The jaw was devotion of the Chinese Customs official, Lung while he also had received a serious wound whose conduct stands out in marked contrast to on the foot. Mr. Green, who had evidently the many evil traits which the Chinese character died hard, was shockingly mulliated, having contains, and more especially displayed of late. Awful plece of butchery. His body bore at least good in Egypt and that all is not dark and hope been literally hacked to pieces. It was an We are glad indeed to find that there is some

these wounds were probably sufficient to have a hundred wounds, having been stabbed all less. There are good Chinese as well as bad and- over, and I am informed that fully one half of villainous even in the most disturbed regions, a the story of this tragedy, has shown, and hacked in every direction, his hose and jaws the former class he few in numbers their ended fatally, each by itself. His face was

it is reassuring to find that even though smashed in, and the back of his head mashed to courage under the most trying on al stands pulp. He had four huge stabs In the abdomen, the test. Hitherto the chief sufferers from the while the flesh of both hands over his knuckles Kolaohwel and their official sympathisers have bare, showing that he defended himself with his worthy that so far as is krown not one French. was completely stripped off and the bones laid been the French Mission-ries, hat, it is notew hands alone. Let us hope that a good many felt Missionary has been personally attacked. The the weight of them before the cowardly butchers Chinese rabble seem to be much better posted overcame him. It was a shocking sight to see

than we give them credit for, and appear to he his mutilated corpse stretched In the roadway

able to exercise a wise discrimination in the where he had fallen amidst the inhuman people they attack. The two first victim of the monsters of whose Government he was the incipient rebellion are Englishmen. and the man, about 28 years of age, and was the sole must be in a large measure held response fr good and trusted servant. He was a young previous apathetic conduct of the British officials support, I belleve, of an old mother. When the the atrocities of Friday last. Why same French Pales left every shop in the place was closed. priest has not been killed in the remote places Mr. Green's house was not touched. After the

where their churches and missions have been Chinese official had safely lodged the women

burat, is doubtless due to the wholesome feat. and children in the Yamén he went back to Mr. the Native officials have of the French men-of- Green's assistance, but was badly handled and war, whose guns menace many of the riverine

persons had been seriously affected' 'thereby, in the he last speaker had referred to destroyed by it. (Laughter). The Bill would commenced, and their appearance on coming Inconstant, Palos and is in port the riot, didil commercial interests of the place are British.

WAI

He

dend-lock in affairs was more or less attribini 17% Taking the some, illustration, exy he had got |-

three thousand shares. He sold as long as he

give confidence to legitimate investors.

ever

Mr. J. Y. V. Vernon seconded Mr. Francis resolution.

recover, the

Mr. H. W. Dick objected to the committee of the Sherebrokers' Association also voting as members of the Chamber, but without success, Mr. Belllas seconded the amendment, which was then put, and negatived, by 17 votes to 10) The proposition was then carried, and the pro-and on his arrival the vessel proceeded with the ceedings terminated.

THE ATROCITIES AT WUSUEH.

HORRIBLE MUTILATIONS OF THE BODIES OY THE VICTIMS.

Incidents of the Riot.

The Talising, Captain Cain, a vessel which in the present troubles has earned a very enviable reputation for herself, arrived here this moming (11th last.), with details of the tragedy at Wusach, The story the three unfortunate ladies told is a very sad one. They were alone at the mission house when the affair began; Mrs Boden's husband was away working somewhere

party to Hankow, Captalo Cals stopping at all the stations on the way up and warning the mis- slonaries of their peril. There is not a Foreigner Bow left at Wusuch, and it is believed the Wat son and Cooper families, of Kwangchi, are making their way insafety to Klukiang, though no news oftheir arrival there is yet to band. On the downward run the Tshaking found all quiet but gloomy at the different ports. At Klaklang how ever were many symptoms of a smouldering art. The presence of three Foreign mien-of-war how ever, and the lines of troops camped along the Bund, under the command of the Tactal served effectually to keep in check any expected out- break. Among the men-of-war in port was the quest Palos which had been unsuccessful in the for the bodies of Mr. Green and Mr. Argent at but they · were recovered on Monday afternoon. at o'clock, and sent to Hankow in a steam launch, where a great pablle funeral was accorded the unfortunate victims. The fitis and Inconstant were also at Kiukiang, the latter close inside

4

was dragged by the crowd along the streets to bis Yamea where the mob demanded the Foreign women to be given up to them. But I am happy to say he manfully refused to do any thing of the kind, and was in consequence agale treated to a little personal violence, and he had also the mortification of seeing the rabble smasingve had our own troubles here at Kiu- up his furniture and house. dang; on Monday the Bund was guarded by Chinese soldiers, the natives having last night attempted to carry out their threats. Every one was on guard all night, but thanks to the ener of the Tactal and in a still, greater dgree to the not extend into the Settlement. The inconstant this morning hauled inshore, antern of B. & 5's bulk Sulfan, ran out her guns and prepared for action. Captain Jonquières is an officer who does what he makes up his mind to be right, and the Total knew it. Small squads of blue Jackets with three galling-guns were landed from the three war-ships fast night when the riot began, but na usual, H.B.M. sapient representative declined their assistance with that all the Foreigners were to be murdered, the thanks, but at 11 pm. when it was openly stated

Coasul caused all the ladies and children to be brought into the Consulate and served out rifles and bayonets to each male member of the Foreign community but the amusing part of the business is that he refused to give any ammunition, remarklog that it would be dan gerous and that the sight of the guns would alone frighten the pob. How very British Consul-like!

a

porto, and whose captains have given uvmis takable warning of the course they would take to protect their nationals. The acilvity of the Tactal at Kiukiang in suppressing the riot on Sunday must certalaly be considered as in a some measure the result of the ominous prepara tions made on the French cruiser Inconstant, and Palos. Knowing that the captains of and the German and American gunboats Mills these vessels would stand no trifling" the Tastal was obliged to take vigorous steps to repress the antics of the rabble in good British man-of-war in port nine-tenths of the time. But though there was not a single

The absence of a British man-of-war at the time is certainly significant, and coupled with the non-appearance of the flag at Wusuch, got long way to confirm what we have already said of the unwillingnes of the British Govern ment to complicate matters with the Chinese Authorities. In the preparations that have beed made locally to meet any disturbance the British Authorities have displayed the most profound apathy, while the French and American though their interests here are nothing in Consul-Generals have taken the leading parts,

comparison to those which the Union Jack is supposed to cover. The French-Consul General have behaved with praiseworthy fore-sight and energy and has been the first to summon 2 meeting of his antionals and Foreign residents generally in the French Concession, to discuss the situation. But though we have twenty dimes the interests at stake our representa five has taken no step to protect them, a was the British Consul who swayed the for far as we can learn. In the old days 11 tunes of the Foreign Settlements, but, tempores mufantur. At the meeting of the entire Con- sular Body held yesterday in the American Consulate M. Wagner presiding, the steps taken for the preservation of order in the Settlements were fully discussed, and "we are asured that everything will be found in readiness should trouble arise. This is all very well, but the Foreign residents have a right to know s lttle more about the defensive measures that we aro anured have been prepared. The meeting was attended by the Commandant of the Volun teers, the Captain Superintendents of the Police in the French and British Settlements, and the Chairmen of the two Councils, and we are told "The undersigned has just received a message that the seriousness of the situation was admitted from His Excellency the Viceroy to the effect on all sides. Yet it seems strange that only a that if His Excellency is not prevented by solitary, small, British gunboat is deemed suffi serious reasons he will attend the funeral of cient to protect the enormous British interests Messrs. Green and Argent in person. If in Shanghal. There is gross neglect and prevented he will depute a high official to ignorenco somewhere, which we shall endea the Superintendent of Customs informs me he commercial out-look, owing to the unsettled intenda attending the funeral, state of affaire up river, is still more serious.

(Signed) C. T. GARDNER."

The steamers to and from the various Yangise The action of the Viceroy throughout seems posts are carrying scarcely any cargo,

"many of the Custom Houses the commissioners, to have been vigorous and determined. He ha anatants, clerks, tide-walters, etc. Instead of taken strong measures to preserve peace in his attending to the collection of revenue, are under capital and evidently wishes it to be understood arms and more or less occupied with ques that he will not allow any breach of the peace tions of rifles, bayonets and military matters in Hankew. It is to be hoped that he will show generally. Surely no Customs officers were some mark of approval of the brava conduct of the small mandarin at Wusuch who did all fa multifarion duties of the Chinese Customs never called upon to perform anything like the

City last night to rescue and bring out the It was proposed to send an expedition into the Missionaries and the ladles at the Convent, but it was deferred till this morning, when word was brought that the about-to-be-rescued, like Emin Pasha, did not want to come at all, an every thing was quiet inside,

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Writing under date gik our Hankem corres pondent informs ta that the bodies of Messes Argent and Green,' who were murdered during the Wusneh riots, were brought up here to-day They will be buried on Friday evening at 6 o'clock. The Viceroy has deputed an official of some standing to be in waiting with a guard of honour till the time appointed for the funeral,

This evening the following notice has been circulated by H.B.M. Consulta

means gambled in the same way. For instance in a day. If that could be checked it might do in the interior on the other side of the river, and Mesara: Butterfield & Swire's hulk, ber mixen present hlin at the funeral. His Excellent vour to exposo and publish to the world. The

of

topmast down, machine guns mounted in the fore and mirren tops and turned on the town, and everything ready for a pitched battle at a moment's notice. The Vicire is at Hankow, having been unsuccessful is her atempt to reach Ichang

ANOTHER ACCOUNT. (From a Correspondent.).

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to what could not hat be regarded as system could find buyers at a good price say he sold of gambling which was not justifiable on two thousand-at very advantageous prices, any moral grounds whatever. (Applause) taking on an extra clerk to make out these It was all very well to say that these contracts, to put in the actual numbers of the persons who lost their money through buying shares in each. He had get this shares, foolishly, whatever their means might be, mart and every one of these contracts was look to themselves, and that the law should not perfectly correct. These were the identical Interfere for their protection; there was such a shares mentioned by their numbers, and the thing known as playing with loaded dice, and moment he had sold them the buyer had them he considered that man who was able to under his control and they pass If there is a little operate from the fact that he had abundant excitement to fifty or a hundred different people supposing that a number of men associated for some good. But this man, having sold some the purpose of baying shares balling the his shares very well employed the rest to bear Mr. Protheros was also absent. Mrs. Warren market, in fact and in due time depreciated the the market, and sold small numbers, twenty or was merely on a visit to Wursch, her home being stock until shey got late their clutches persons so at a time till he lowered the market, and at a station about roo miles above Hankow, who could not resist the temptation to operate than he ist to work to buy again. "He had where her husband was at the time. "The three that combination, he considered, were

contracts, and ar he could deliver All the shares named in indies appear to have been in Mrs. Boden's on the strength of the wealth if poops no diffenity in completing the with loaded dice. Under the Gambling Ordin them to those who were willing to take quaiters together at the time of the outbreak. It ance the police were expected to arrest any man them up, and he had made his profit just wis about 7 o'clock on Friday evening; the vthey found keeping a “bank," or putting down the same as if the Bill had not been passed. It chudren seemingly were being put to bed, and the their money agalost · ft. Butan operator certainly was a great deal easier to sell and Indies lying about in the cool evening air in *In shares had none when he sold then make contracts for transfers without putting any wrappers, or such light clothing, when without

Klakiang, Monday Evening;; vvery often; he never went so far as to table numbers in, but he could ruin every young man any previous warning a great uproar arose in the The terrible events at Wusuch on Friday last his money, even. All that was contrary, to in the Colony precisely the same as he did before street, and shortly after the door was battered originated by a Carative children and saying commercial morality it was bad, whether that the and natural remedy against bulling throwing showers of sticks and stones, and that they were sent to Kickfang to be cut up of the Act. Now what was the down, the crowd usbing in like torrent Kwang-chlith four Native sad saying Bill passed or not, and it had done an immense ordinary amount of harm in the colony. He might be The Bill was going to stop bearing to wrecking everything in their progress to the and used for medical purposes. This cry being wrong, but if the Bill was going to do harm stop raics of shares unless a man, had them upper part of the house. By some means or taken up by a huge mob, which had congregated te did not want it to pass he wished it to What was it did the mischief? It was arter, whether accidental of intentions! is not outside, the riot at once began. Mr. Algent was be fully discussed but it was commonsense "raising the prices that did the harm. It was the known, a lamp was overturned and in an the only gentleman belonging to the mission fast when they found every other man in reaction against artificial riaca that did the barn. Incredibly short time after the crowd made their then in the place, the other men being all away the street ruined he was not over-stating Now he taked them to express disapproval of first demonstration, the house was in flames, the on their duties in outlying stattoon. He was 1-the case--without any visible resson; when they this bill, not because the idea was wrong, for it unhappy occupants having fied for their lives on surrounded by thousands of infuriated fanatics found every man dispirited, the system must be a very good, but would that make a lot of the first, alarm, all unsuitably clad as they bent on mischief, and one man in such a struggle bad from beginning to end. Of course if he were difference! The other speakers had heted just were far any exposure, and taken refuge in the could not last long. M. Green, the only Foreign Asked if he expected the Bill to put at mad to all the point he wanted. A company could sell table. Even here they were, not safe for they Customs Officer the place, hearing of the ribh such operations he must admit that he did not aqually well whether they had to insert the were discovered, and bunted again by the rioters bravely went to the missionary's assistance, but but It would tend very much to link then-l numbers in the contracts or not, as it would

they outstripped the crowd slong the streets even two men could not do much against auch would make the time-sellers whic

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Ia bit the buyer of the shares would now the river, again sought a haven from thelate attack and still worse hopeless defence will The following article appeared in the Shanghat letter (published in last have certain guarantee. Yes, but would

Here in fajaron is the abject (publ) might and payer bon any more hole to bay, because the ponseline until they creeazalne dieosafety for probably never be known, a the only on con and supprehensive in rund givethe thor at as two men Mercury of thorough

well stop operations in exchange, by law. iigned a contract for shares numbered or unat 3800 the arms, and ‚sbalding her with" nil sorts of improvised weapons, "pikes, Shanghai:The detailed account of the Waruch while such a critical state of affairs prevails in '

out. One of the rullans seized M

Mrs, truthful narrativa perished. The crowd, armed Wusuch, and their probable bearing on The difference between gambling in exchange bered? It would not say more enable him and in shares that man did not poseda ka to meet his liabilities. Another point in the mughty demanded where their harbands words, sticks and stones made short work of Massacre, which we published yesterday, throws that a man why could sell bills of exchange for hill was that it did not prohibit tendering lowere: Mrs Warren though badly knocked them. Mr. Argent, who fell first, was murdered a new and much more serious light upon the delivery: six, mönths. Iste could – shown the | falfilment of 'a contract, shares different from and kuuled about kept her wits wonderfully: at the entrance to the linte chapel, wherein his movement which is, nów, agitating the entire Justification for doing so that hoi had credi, those named in the contract. Those were the ander the trying, elteumstances and answered labours had lado, while Mr. Green, probably valley of the Yangtusie." It clearly shows that otherwise ku gould not do it a man who had strongest arguments against this Bill It that the men were all away, The crowd were after the other's death, and seeing the hopeless part of the programme of the vast organization nothing in his pocket in the way of shares, and would not prevent the same evils continuing, 'About to proceed to further roughness when nest of the situation, gallantly endeavoured to of the Kotao-kwel is to kill Foreigners, and not, -nothing to buy them with, could get some-ons | aar before, though it was greally, desirable | luckily, the Eth-lu amrived in the nick of | fight his way back through the seething mob of an heretofore, merely to destroy their moperty in: should certainly call a mesting and send home 1 to buy, then for bips. Its cand malam). Mri tor prevent them if possibles coffiera wom | Imex with his guard, and resquad the ladies - villains yelling for his blood,® That ber made a; the hope of embarassing the Péking Government, very strong representations on the subject by

Keswick said he hoped the Blackemana 1958, probably every month two by thran failures", mis what chiarch they had in them" short desperate effort to uzdek los Crélongs Sigline is!) The Months story "of the murder of Memari, tode

when they were being hunted down by the mob, diplomat, and now a soldier, gendarme, or his power to shelter the missionaries' wives Service One day a tax collecter, the next s and that he will show some equally strong mark policeman all rolled inte one. Such a state darin who closed his gates against them. of disapproval of the conduct

of MAN" affairs may for a time possess the charm of novelty and excitement, but it will soon pall and noen, to consider what steps should be taken for taken by the Chinese Government or the Treaty A meeting is to be held here to-morrow ale grow unbearable, and unless other steps are the preservation of life and property in the Con-

Pawers interested to enablo Kostiera ito the Chinese officials on the side of peace and cession. It is to be hoped, however, that with resume their usual course and the Customs order, and determined to maintain quiet, nothing people to return to their ordinay dulles, all trade more than precautionary measures will be

will come to a standstill. The present posi necessary. We are most thankful to have H.M.S. steps being take to restore order. The mysterious tion is fatolerable, and yet we see no serious Porteles here, and hope nothing ill induce the conduct sl the Chinese men-of-war, which we authorities to recall her till another ganbeat is were told would prove suck valuabin side to the sent in her place. Shanghai Marbury,

Central Government in the event of trouble, and which have never yet shown up where required, is only equalled by the inexplicable manoeuvres Bitlah Admiral. That be with the bulk of the of the British feet and the trick of fleet should be pleasantly cruising around Japan China is more than rational men can under stand. The whole of the squadron 'ought to be on the Yangtze at this moment instead of idling pleasantly, but uselessly in the placid-waters of Dai Nippon. If no change takes place in the British policy here shortly, the English residents

the market kesitate. Mr. Whipreciated 12 the shares." It' was suggested that however," and cipying a small reed 'hat pear9verwhelming old. The details of this desper Mulu yakışık tamanna

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