1897-12-31 — Page 5

י

this was, ako ikawa in Bla cwn, fatföra Ho submified sabatTM Mi Bellos statement la tilaces · box, arts

mind to his intentions of The lime should be entry dlategarded. His pasiilgs in roiation, time were the in' in and most instant circums

?

|

THE HONGKONG TELEGRAPH, FRIDAY, DECEMBER 31, 18971

"BICYCLE PALACE FOR 1900.

have a unique building to a bicycle palace. In The Paris Expoliton of 1950, It Is siate?, WI: every feature of the structure marked recognition of the blbycle will be embodied,

The plane, which just have Jast bien favorably considered by the committee on buildings, were developed By M. Paul Lemay, wheelman of considerable ante, broad, who bar worked upon the idea for moniks past.

The palace itself will be an unusual structure. The intselor will not be broken up lato, apart- meats to any extent, It will be used for the display of the wheel in all its forins, from the fiest crude two-wheeled wilking michloo to the delicate mechanism which will mark the im proved wheel at the close of iba presentzatary,

engagements and rates are quite nominal. For MERCANTILE MARINE AFFAIRS. Baltimore the Ams.ship Standard, shortly due having been effected at home. The St. Galla from Amoy, is advanised to load, hir charter is The Belt, the West Lark is reported rina has completed her loading and wifi sali to- settled for Callao, but preficulars of charter pavo not transpired as yet..

at the moment. A vessel might be placed from COASTWISE :-There is hardly anything dolog Rating to Shanghai, but at a very low figure.

DE CORRÈSPONDENCE.

[We do not brocartly ouderse the opinions expressed by Correspondents in this cosas.]

THE SILVER QUESTION.

TO THE EDITOR OF "Hongkong ThuMIRAPY," SIR-Recalling the recent discussion of the bimetalle negotiations I call attention to few statements freis champtons of the single standard" es set forth in the Economist of London. They will serve to show bow antenable are the argamasis frequently resorted to by enthusiasts and even writers of recognise

yet been decided upon, but the pises outline = The exict dimensions of the palace have not structure that will accommodate 7,cos pertons on the ground frot. There is an alm at the Gothic In exterior appearance that is, as far as the Gothic can be produced with the several parts of a bicycle...The ground surrounding the leading to the common center. All the windows structure will be circular, with paths like apo are to be circular, with spoke frames, and with a small colored circular pane in the centre indica-standing, tive of the hub.

The Editor of the Economist in a studied article cat in the form of immenis bicycle forks, while

The main entrance will be cotirety of marble (date Septa-97) takes special exceptions to the then proved action of the Bank of England on bend il res a huge handle-bar of beam site and. He deplores the fact that nished steel pamber of smaller rooms among the lafisential managers of that great lead off from the male for, separated only by Institution there are those who possess "bimetallic festooned castilos, which will be made entirely proclivities," hence not to be counted on "to act of network, as the material usually used in the pandently when questions effecting the main chalo guard on the Indies bicycle.

lenasca of our single gold w'andard ailsea." Just bo guarded and never questioned, even though 'our aingie gold standard" was a victus to influentis! managers of the greatest fiancist lasiitallar in the world should decide that is maintenance was not for the best interrats of all the people as compared with the selfish interest of a law thousand money kings on both sides of the Atlantic.

#

to the Community and the circumstances at the

tarces to be considered. It was very fortunato to the interests of justice that a difference, small quarrel, brake out in July, 196, between Mr. Belilios and the Land Investment Co. and Mr. Danby, Counsel submitted that the statements made in the correspondesce at that time by Mr. Bellies and Mr. Danby, before the purchase of the ground was a fortnight old, most emphatically cenitadicted the principal statements thatthey had made in the witness box, He submitted that Mr. Balllion had anti-dited | bis evidence. There was Mr. Belillos" assertion that about the second week in April he Emstructed Mr. Danby to apply for the upper lots. His Lordship would find that this was in contradiction of his statement in his lo ter to Mr. Bell-Irving In July 1st Mr. Belillos' talement that Mr. Silas had told him that the Community only required land to the vaine of bessen four and five thousand dollars, was denied by Mr. Silas who said he had never said anything at all to this effect. Mr. Bailifos had also said that Mr. Daby had made surveys and prepared plans of the upper-lots bat Mr.Danby himself ald that he had never made sketch plani or Entrays until much later. Ma. Bellites stated that bis object fo writing the letter asking the trustees to lend the sale of the land was to know whether be was to buy it for himself or for the Community. If that was so, then why on earth did not he ask it in hall a desen words The only material point in connection with the meeting at Mardonbell Road was did az dia not Mr. Danby ask Mr. Chater to allow him to apply on behalf of the Laph Investment Co. for the upper fots, Counsel read a memorandum from Mr. Darby 10 M, Chater in which he himself admitted this and Counsel submallied that Mr. Danby could not have been instructed by Mr. Bollilos to apply for the upper lots at that time, Mr. Danby'r mamaɔrañðum aber lutely negatived that Mr. Belillos or Mr. Dinby ever contemplated an approach or a roadway through 138 at that time. The ferment had contemplated making two'to Wither alde of the lat for the benefit of: urchasem and ble Lordship should temuar that the The rare exhibit will be gairded from the plalifenorer heard of an approach until 15th visitors casious touch by aries of cycle chains, March. Mr. Belillos' attitude in Jaly, 1895, and the lecturers, of whom there will be a plen shown in his letter to Mr. Bell-Irving, was in tiful supply, will travel about the building on Est contrad ction of what he and Mr. Danby the farest wheels, Refreshments will be served tald in the witness box. What absolate by a busy corps of attendants mounted on bicy. Bonsays it was for Mr. Beliau and Mr. Danby cles, and, it is promised that the manner fo saying that at that time they were contemplating which these gentlemen will conduct their evolu ah approach through 1381-which they said was Mons will be truly remarkable. absolutely necessary. There was the clear and clean statement of Mr. Danby that prior ta 16th June, Mr. Ballitos had postponed the consideration as to whether he should arabould not apply for upper sites until the Jewish Community bad made up their mind as to how they should deal with 1381. On the 13th Match there was the interview at Mac donne!! Rasd in which Mr. Chater gave his views and Mr. Danby asked to be allowed toapply for the Land Investment Co. which was refused, and Mr. Danby went to Mr. Bellfies the next morn log Tariefore it was. Imporalble that Mr. Diety cut bave received any fustractions as to the upper lots at an earlier date, Counsel

bmitted that Mr. Bellifos' letter la his trustees an Bik March in which be referred to the land "I am now holding on your Bobalf," etc, was an expressed declaration of fruit. It was in conceivable that Mr. Bellies would bave signed

At either end of the mats floor will be monster wheel, with laminated tires. These monster wheels will revolve from the tlose the Exposition ope is until its close Apart from the ght produced in this minner, the only flumint- fasil be large bicycle lames. Every seat in the building. Ill be made of parts of a bicycle, though many of them will be so, a ranged be far more comfortable than the very latest in to saddles Curved and airtight handle bors wil be ated for backs; sad enshien wheels la come caser for seats, while the chairs will be held up by different parts of the frame.

corated with sprockets, and surrounded at short Esch pillar of the building will be de- distances by tires. Even the floor will represent the wheel, Circular tiles are to be inlaid with spokes, and the triangles formed by the weiing of every three circles will be filled by tffes re- presenting imali cycle frames. There will, of being the only form of signaling that will be course, be a lively tingling of bicycle bells, this allowed in the bullding. Every kind of bell, light gong, will be used. from the silver-toned tingle to the ambulance

I

this financial oracle. He cites the fact that the Let as torn to the arguments employed by bank managere refered to their former affer in 1881 to take a similar stop, f, hold one fifth its reserve in silver under certain condliloor, thes adda: "It does not at all follow however that ago is so now." He cles that is 1881 the silver what was excurable as expedient fifteen years production amounted to only 50,030,000 ounces hopeless attempt to raise the value of liver while now it is 170,000,000 ounces, hence the relative to the old ratio of 153 to 1," Agalo, I (relative to gold) was close apon 54 pence per quote: "In 1881 the average price of ance, while now it is little lofter than 25 pence; that has takes place in the production of the that decline was mainly due to the great increase white metal."

ver

The above argument is so frequently e- countered and ensnares so many unwary readers that I ask your attention to it for a moment and Also the fact that this same writer in the next. paragraph suppl'es us with material for its complete overthrow.

In 1881, before the recent adverse acts of various nations, according to the Economist, liver was worth 51 penco gold per ounce, That is, as measured by gold 1 ounce of allver genixteen years it seems that sliver is only worth, as Was worth a penca gold. Then skipping over

All the dorre ste to be locked at night with bicycle locks, and a number of special darmes will patrol the grounds on wheels.

The main fɔor is to be kept clear for the publio performar cea and coalents. There will only one exhibit in the center of the room. This will consist of a number of the very latest that letter if he had in bis mind that the proventions of the bicycle world. The whole puty was his own. It was an

It was felly, for Mr. Beililokto say that ment that he had agreed to hold the land for a year had been patin by mistake. If there had been any fasccurate statements, in the letter why did he not call his clerk, who wrote it to depose to it. Mr: Belillos was construct trastes on the date he, bought the fat. He was the agent and representative of the Jewish Com munity and he would be guilty of a fraud to the Jewish Community and abuse their confidence hir berdid not purchase that land on the dy for the Commently What was do after the trustsca demand for the land wadone by Mr. Belilies to guesse as much as he could out of the Jewish Com- manly their representatives tried to do all tbord do to meet his desires in the Interests of peace. Mr. Danby In his letter to Mr. Felios of 26th March, giving the cast of the retaining wall," painted. out that, did not get enough and Mr. Danty was like Oliva asking for more. Coun sel momined that this Court would prevent Mr. Bellildakom being guilty of abusing the confidence which the Jewish Community bad estrusted to | him and which Mr. Bellllos now sought to

• baray, "Mr. Francis concluded big argument at 4.45 pan, by referring to the cains that had been geeted by the defence,

Hi Lardshid reserved judgment. At the request of Ms. Francis, bis Lordanig, mis täst he would give judgment as soon as possibla, -

ON THE PROFITS OF WELL-

KNOWN AUTHORS. .

Apropos of the discussion" which has been carried on recently in some of the papers as to the profits earned by vinous well-known authors, a correspondent of the African-Critic (who dormibes himself as disappointed novelis)) abyses as follows'

There's lately born, a'deal of falk

Concerning uz bor's fees Somer earn their chicken and champagne,

“And some mère bread and chesso. Now, I'm an author whom the 4 Star

Sometimes delights to quote, Yet Haggard gets two thousand pounds,

And a ten-pound note

My grimmer is like Cæsar's wila,

While Heggard's grammar's—not "My style la' chaste yet strong, and I'm

"An expert at s plot. ;

Altho' our skull's muya't be the same, "Werow in the same bout,

Yet Haggard gets two thousand; ndı,

And I a ten-pound note

I've knocked about the world a lot,

In Afrini Iya bsen, ‘::

I'm never at a foss @kan i

Desire to change the scene i

· I've laid my ecoman at home, abroad,

On dry land, and afloat,

Yet Haggard gets two thousand pounds,

And I a ten-poupă note !

The public like their fiction strong,

They're fond of gory fight,

They love the hero all the more

The more the hero site:

VIVIMA my hétóza smita more blows

Than ever Haggard's amoto,

Yet Haggard gite two thousand pounde,

And I a ten-parnd zote !

Now why this difference' there should be

Is difficult to way I've hea

There's someling fatten fo the State:

Of Pamatk, anyway look

The "Grices praised in generous terms

The last romance I wrote, Yet Haggard daa two thousand pounds,

And I 10-pound note fede Andy peth 95, some endinsitable persons

|

eventfors Of MARDIRS Lecithin feature in subject to change in case a more advanced Invention is received balore the -Exposition opens

ce.gold per ounce. It turns to the produc th, and sees that silver has increased over ga per cent. Hence lis conclusion that as measured by gold the price should declies fifty per cent. sface the production has simast doubled. This

seams

ANA'DAMLAR Kachallanand

will be surrounded by a mosster electric unicy be good in xaphistry sometimes sTOMU 25- der as soon through the Zeenemist's carefully prepared review. As if anticipating the familias argument of bimcialists, that there is not sufficient gold for the increasing business of the world, and seeking to meet it, the writer would allay apprehension on this line, which ha seems to share himself, by showing that the production of gold is increasing in rapidly, that te hopes it will meet the demand. Mark bls words "The production of gold which in 1881 amounted to shout 10,000,000 has increased £40,000,000, and it is growing larger month by year by year until now it amounts to over

The roof of the building will be festooned, the girders being made of steel, with avery con celvable part of ablcycle woven into the designs, Orders have already been placed in England for the manufacture of all the pottery to be used in the building. Every piece will be made bicycle fashion; cups, sancers, plaies In fact, even the forks will represent the wheel, being only two- pronged, and made in the manner of bicyde fotki.

COMMERCIAL NEWS.

HONGKONG PRRIGHT MARKET.

In their Freight Circular tested yesterday Mess, Lamke and Rogge report as follows:-

During the period under review a comparative ly large busines", for this year, has again been transacted and rates of freight, generally, speak. Ing, wn well mafutalsed.

STEAM-FREIGHTB -From Saigon to Japan some fresh chartering has come to pass, number of Indo-Chlor boats to the extent of 9,000 tons capidly for Robe add a,500 tons for Yokohama having been taken up at 35 cents per pleal for Kobe and 36 cents per alcul for Yoko hama, loading between 10th of February to about 10th of March, next. In addition several Japanese steamers are said to be setited in. Tapan at lower rates. For the time being, cheers have, withdrawn from the market, but contracts are by no means Elled yet and some fresh enquiry is likely to spring up belote long, From this post to fapan there is also less des mand and lower rates had to be accepted, vist 17 cents per rical and less, but it is perhaps only natural that after the very strong demand that existed previously some temporary reaction should set fo-From Saigon to this post, there is nothing doing fast now for prompt tonnage and what fuls old grain may be left is shipped by the regularly plying steamers, As regards the new crop, latest Salgon advices have it, that very unseasonable salos have set in, which la some districts may have caused serious damage, the extent of which is however not known as yet Apart from contracts for Japan, about 35.com toms have been contracted for shipment to Europe-From Saigon to Singapore; some chartering has been done at ty cents per pical and for Java-ibera is a small en quiry af 24 cents per pical resulting so far to the settlement of one steamers shipment la both directions first halfol January, From Bangkok to this, the demand han likewise slackened; a freth tilement is reported at 33/18 cents per picut but this rate is no longer obtainable and business is likely to remain quiet anill the local rico market has changed for the better, Coal freighis from Japan ports are unchanged but falily steady at $1.60 in 81.65 per ton Mell or

Kachleofgn to this end, the subjoined list

month,"

SHIPMATTERS IN CONFERENCE, four recogalsed Shipmistere and Officers' The meetings of the representatives of the Ancelations are always worthy of note, in that

they indicate a combination of class intereste

SHARK MARKET.

LATEST QUOTATIONS” Chlon Sugars $163, barern; Hosgkong Fires tales: De do."B" $83.ales; Great Easterns $365 Rauba $zal, davors; Olivers "A" $19, 1.10, sales and boyer; Watsons 212, sales,

SHIPPING AND MAIL NEWS.,

MAILS DUR:

י

Indian (Chelydra) to-morrow.. French (Para) 3rd prax. American (Gade) zid prox Austrailen (Auzivallan) 6th prox.

American (City of Paking) sith prox.

jointly for the beart of the whole. Matters of and determination of purpose, working con Imperial import affecting the Service are dis essed, and even local affales involving important principles are dealt with by a four-fold com blastion in this form. The advantages of thou muʼual gatherings are obviors, They ensme tally of purpose and joint action, where other. wise it is possible the Societies might be work- log at cross-purposer. They represst the Masters and Officers of the Mercantile Marl.e practically sa ane voice, and therefore present a much stronger case to the Government and Parliament. A meeting of the Shipmasters' and Officers' Federation was held in London recently,

London Society, and the Scottish Amocizilon, Mennir there being present representatives of the M.W.SA. U Sunderland Association, the Captain James Price baing in the chair. Among Talzică other subjects discussed the following may be Glenfalicch specially mentioned :-:

CERTIFICATED OFFICERS DILLO

THE Ocean Steamablo Ca's steamar Tonfalsis, from Liverpool, left Singapore for this port yes, terday morning, and may be expected to arrive here on or about Tuesday, the 4th prox,

SHIPPING RETURNS. From B. pom. yesterday to 2 p.m. to-day,"

Tatwar

steamer, from Koba

ARKIVALS.

П

Salgon

Singapore

Foochow

Haiphong

Langkok

Canton Amoy

chocner Fellow Isla Aggregating 9.991 tona reglitet. ~

DEPARTURES.

31.

..........................steamir, for Sbangbal

Taiwanfoo Shanghai Yokohama

נו

Hallan Sundirg sinasakt One of the placipal objects of the Bill--the DevawoNZIE, ..................... three officers clause-has always been strongly Dagmar opposed by the Shipowners, and the expediency Standard ship. of dropping this clause to the Bill, upon the Santa Crus charce of getting the Alles clause through, frequently been discussed. But, as the Kajosity Report of the Manning Committen practically Puping covered the ground, and as an assurance had Thales.. beentecalved from the President of the Board under-Officering in the Manning Act, It was felt of Tride that undermanning would also incinde that the time had anived when all our efforts thould be directed upon the Allen clause alone. The Bill fo this form will be exceedingly short, and once it became law the striking anomaly of a British ship, owned by a

British subject, Commanded and officered by men of foreign hundreds of foreign Officers would have to give up. nationally, would be done away wlib, and 10035 their berths to British Certificated man out of employment, of whom there are many hundreds. The Bill to the sext Parliamentary Session (com graðas mencing 8th February, 98) wil therefore be rection of the shipowners have expressed their introduced se a Flag Bill, and, as a considerable sympathy with its object, it should stand a good Riporter. chance of becoming law-Mercantili Marins

NOTANDA

CALENDAR

- JANUARY.... Meteorological means losed on fan yiors'

"observations to 1893,

Bagomelar 130165 Thermometer 594

Hamaldity....................................74.0--

· Rainfal...............MENTOR

TO-DAY.

WEATHER REPORT.

1.67

Onda On dainas

$

•Barometer.......... 1009 -29 08

HELPFION

Thermometer HumblyITOR

¶¶¶¶ 0,08

66

-87

B ta

1

Katchinotra Baltimore

embro Rosatta saimn

Artaks Horu....... St. Cathertz, abip

Aggregating 9 4to toga regisse,

HONGKONG AND WHAMPOA Dock Ratovus, Moewe (H.I G.M.S.), st Kowloon Dock

Ostoņu, natt silk

West York

h

SWATOW.

Cosmopolitan

from

Rents.

Dac, 38 Thaks Amoy...]. M. & Co.

Arrival 18 F7 Dorada Chelso... M. & Co. 18 Choyzang ....Hongkong.....), M. & Co. * 19 Tungchow.............Hongkong...B. & S.

29 C. Heck Kian ...Amoy .....L V.S. & Co.. 29 Nanyang Hongking......). M & Co. 30 Hatian Amay...............). M. & Co. 30 Klangpok... & Ckling... Teng Kee 30 P. Chom Kiao...H'kong ...B. &.. Departure, for - Azants. Dec. 28 Thales ....Hangkong & Co. 18 Choysang ...Shanghe..........f. M. & Co. 29 Tungchow-Amoy & Stal.B. & S. 39 C. Hoch Klan ...Biral's .....LAY 9. & Co. 30 Nanyang Amoy.................Į. M. & Co. 30 Hatton Hoogkong.... M. & Co. 30 El Dorado Shanghai.... M. & Co. IN PORT-P. Chom Klao, Klangpak,

„PASSED THE CAMAL. `-

OUTWARD-30's November-Diomad, Oasfo, Ceres, Sania, Glenesk 3d De-Baslaris Pingoury, Sachsen, Yarra, Ghosts, Dordogns. 7th December Argyll, rast, Glinari Amphitrite, Deika Rickmers, Orwell, "St. Ronald. Folk Decembar-Garda, Nestor, Tan- Lalut, Ataka,

Cowrie 14th December- Octana, 1715 December-Glengarry Ocaaten, Oolong, 31 December-Ningchowo, Preussen, Cole-Sik of 181k moon of 23rd year of bes-Carmarthenshire, Marts Valerts, Ment Maria Rickmers, Promsthaus......... 24h Decom. laws. 28th December-Sydney, Marie Jebaɛ*, Cam, Tiger.

TO-DAY.

Friday, 31st December, 1897, 7

Kwongera

£Š). SÜrestazð...

(Great Buddhistic Festival), Jewish-8th Tabet. 5669. Mohammedan-6th Shaadan, 1518.

Silt: quianni: namui Bår. Bimin, Moon-First Quarter 8kr. Smix, am. High water-Morainę i 1kr. 37min.

- Afternoon is 8kr. 39min. Low water-Morning jäisin äke, 80min.

HOMEWARN—7th December - Caledonien. 14th December-Glala, Shanghai, Sunds. 31st December-St. Nintag, 24th December -Wally, 18th December-Bayern.

Entimations.

WORTHḍA GUINEA A BOX.

BEECHAM'S

PILLS

* FOR ALL BILIOUS AND NERVOUS DISORDERS BUCHAR SICK HEADACHE, CONSTIPATION, WEAK STOMACH, IMPAIRED DIGESTION,

DISORDERED LIVER,

AND FEMALE AILMENTS, ANNUAL SALE SEX MILLION BOXES,

50 Cents per Bo Prepared only by the Proprietor - THOMAS BEECHAM, St. Helens, England. SOLE AGENTS for HONGKONG xôd tha EMPIRE of CHINA J

WATKINS & CO., "APOTHECARIES" HALL, 66, Queen's Road Central,

HONGKONG?

||

F. CAZANOVE,

BORDEAUX.

GOLD MEDALS Bordeaux, 1892.. Parlı, 1888.

OF THE REVEREND FAFUER

A. KERMANN.

This ALIXIX is employed with sündera-to restore, tha FORCES of the STOMACH and YAŞILL. TATES DIGESTION."

TONIC WINE.

Of the Ray, Father A; KERMANN ́ ́ MOKA-KINA of Dr. GOLE. CREME DE MANDARINE. AVELINE ANISETTE SUPERTINE,

.

Apply to Mesus, DODWELL, CARLILL & Co, Hongkong. Agents for M. OPPENHEIMER & Co., Parlai

Consignees/

NOTICE TO CONSIGNEES.

THEP. & O. S., N. Co.'s Steamship

THAMES,

FROM BOMBAY, COLOMBO AND

STRAITS.

Consignees of Cargo by the above-DAME')- vessel is hereby informed that their Goods are being landed and placed of their risk is the Hongkong and Kowloon Wharf and Godown - Company's Godowns at Kewloon, when each comalgument will be sorted out muck by mark and delivery can be obtained as soon as the Goods are landed,

This vessel brings on Carga

From London, &c, ex S.S. Himalaya. From Zanribar, az S.S. Patna, From Australia, er 9.5. Viftorta. From Tuticorin er 9.9. Aišo.

From Persian Gulf, ex SS. Patna, Simis

Kapurthala,

Rad

instructions are given to the contury b

Optenir Cands will be handed here unless PH. TO-DAY.

Goods not cleared by the and January at 4 PM, will be subject to rest.

No Fire Instance will be affected by ma in ̧- any case whatever.

All damaged Packages must be left in the obtained from the Godown Company wiikin tana Godowns and a certificate of the damage aster the Vessel's arrival here, after wakh an Claims will be recognised,

H, A RITCHIE,

Superintendent Hongbong, 27lb December 8

NOTICE TO CONSIGNEES.

Scorr's Emulsion of Fore Cod Liver Oil with Hypophosphites is the most valuable remedy for Consumption, Scrotula General Debility, Wasting Diseases of Children, Chronic Coughs, and Bronchitis that has ever been produced, It } 1861-The Hongkong Town Clock first started is very palatable; it is very fattening and

to usher in 1863.

Afternoon Ohr, Elmia, ANNIVERSARIES,

TO-MORROW,

strengthening. It will ease at once the most violent cough and will give both comfort and strength to the suffer. It passessed the com- bined virtues of these popular remedies in their Chinese-9th of 18th moon of aird year of fallest form. Any Chemist can supply it. Sole T

Agents for Hongkong and the Empire of China:--- Watkins & Co., Hongkong.- [Adat.

If there is any one proposition upon which pollical economists all agreg It Is that relativo supply and cost govern prices when we mSASUYO one commodity by another, t In 1881 we measured the price of silver In denominations of gold. According to the Economitat alver Increased go per cent in the next sixteen years, by the same autherly gold time. The absolute difference at the time facreused alittle over too per cent in the same the Economist gave Its figures jaulfied an advance in silver over the price of 1881. The production of gold conflames to increase with an accelerated speed, while silver is as surely falling off in fis production.

Has not the Economisi furnished an absalais refutation of its own arguments Relaifvely speaking the gold supply following the Calfornian | and Australian discaverion caused aliver to appreciate forty years ago. If ather and altrular influences were not at work liver would to day be worth more than in 1881, or more than $3 pence par ouace,

What are those external Influences which have caused silver la decline fifty per cent as compared with gold, while the relative production by the law of supply and demand, by the theories should have resulted in a slight advance over the of all economists, by every rassonsble hypothesis | price la 1881,

supplies the historical facts which enable de fo Here too the Economiit comes to our old and discover the influences at work the enormous. differeres between conditions in 1881, and in. 1.1897.

quoting from the same article, have all become Austria-Hungary, Russia and Japan," agata Converted to the single gold standard, and have been at great trouble and expense to accumulate. large stocks of the molal. He should have added the closing of the mints in India and recent adverse legislation in the United Staten: and the picture would have been more complete, England, France and Germany alone were not able to accomplish much toward the rula ol silver as a money metal, but with all the mints of great commercial nations closed to it; with the demand reduced almost to the requirements of science and the sun, with every posible tion, is there any wonder that the price should shitacle thrown in the way of its free circalu declina? Rather wonder that it has withstood the onslaught so well.

There are evidently men In charge of the

Bank of England who understand these

From Hengay to th's, some business has been bistry of the Economist and who are id accord dose at $1.50 per ton and for Swatow at $1 per with any maya that promises to give the world tos. On monthly term, three fresk Chartere have been effected at

I at very lair råter, pariiculars

currency expensive-lo merli, the | below.

of trade. They see the Increasing es generally har been and may grasping selfishness of the mr who would

by the Christmas

decreasing the amount of

by

ths.

and New Year holidays and more particularly ergone a parcha lng power until their firdal by the nest approach of the Chiness New which is always money, absolutely contro en

disengaged

Prades, he tagal press of money so for

may

Saturday, 1st January, 1898,

A-Kwongisli.

Mobammedan-7th Shaaban, 1816, Jewish 7ih Zebet, 5058.

*

kong.

to ran to China.

Hotels.

I SAY! HERE'S ECMETHING GOOD. THE OLD MAN'S ON DECK AGAIN

AT

THOMAS'S GRILL ROOMS. WHATS' THE MATTER WITH THIS TARIFF {--

E

1.00

HE P, & O. S. N. Co's Steamship

"CEYLON,"

FROM ANTWERP, LONDON, MALTA, PORT SAID FUEZ & STRAITS. Consignees of Cargo by the above-named Avessal are hereby informed that their Goods ire being fanded and placed at these rich in the Hongkong and Kowloon Wharf, and Godown: Company's Godowns at Kowloon, where each consignment will be sorted out mark by mark and delivery can be obtained as #005 AS ↑ -Goods arn landed. This vessel brings on Cargo -- From Italy, S.S. Suild. From Madras, ex 8.5. Loodlawny-

P.M. TO-DAY,

SUP R$183 +225ÆRØD-u làr, Simin..

15113 · ........................................... She, Bimin. „High water-Morning suno thr... · 8min. Afternoons fhr. Kimin, Low water-Morning wis kr. Zmin. Afternoon, díky, šimtu. ANNIVERSARIES, 1848-End of the Kaffis War. #556-Armed attack on Jardine's Bareas, Hong 186-Messageries Maritimes steamers started BAKFAST ............................................. $ 45 Optional goods will be landed here unless 1866-Kobe and Oaks opened to foreign trade. Jautructions to given to the contrary before 4 |3873—Overland Telegraph through Rusa!" | DINNER, Gronomían,

opened 1897-Her Majesty the Queen procialmed Em-- * TIFFIN

3 MEALS DAILY (Monthly Rate) press of India at Deibt,

¤ Diamant 1884-Hongkong Observatory opened. 1885-Telegraphic communication established

with Tonkin. 1888-British annexs lan of Upper Burma. 1888–Establishment of bonded warehouses In

Shanghai. 1891-Death of Prince ·Ch'un," father of the

Emperor Kwang-15. 1985--Dr. Jameson surendered at Krugersdorp, 1897-Chief Justice Carrington kalghted.

1

Sunday, and January, 1898. Ching-10th of 18th mom of 23rd year of

Kwang-ill

wish-8 Tibet, 5058. Mohammadan-8th Shaaban, 1818,

| 840-Nits diminati Okr. 39min,

Site Gimum.......... Sky, Bimin High water-Morning mis får, 57min. Afternoon is Khr: 22min. Low water-Morning muôn 9kr, jonta,

"Aftarnoch-meMONS

ANNIVERSARIES)" 170-The Emperor Kang-hị sent the Jesull' Father Bouval ĩ his Envoy to tha. Pope. 1863--The schooner Henrietta Louise plan. dered by pirates outside the Lyes-mun How

1880-1 Pastal Decree diagracing Chang

1884-First election by the Hongkong Chamber,

ai Chuadron of # Member of Councila 688-Loss of the Hak-lid on Bfg Idand. 1896-Zarthquake at Khalkbal, Forsla) 300

| lives lost.

Banks, Ibstance,

The amount of long end for age belers Emali,

MEMORANDA. sates of freight are likely to rula steady at be relled open to the whip on thars. Tadian inell dos

TO-MORROW,ať Jaumiya, feast As far as the seat future, say the Lafigental managers who possess Bimetalic, pra-New Year's Day, A | spring senado, la concerned, -

Det elleitler with the deplorable result stat har fole Government offices closed. SAIL-FREIGHTS-No change of key moment lowed the recent date to rive the world s Volunteer præciles at the bay chat o has taken place. The bath for New York is broader and better cleating medium, now occupied by only two ships but no disposi

Water Bay caring the day. tion is shown by sulppass tá ertur epos desal.

Maw rules for iho examination. Of male

-eviglacera coma folo ferceive

Amby) Decembar 2012, 18077,

45:00

will be subject to rent, p

Goods not cleared by the 1st Jan, at 4 F.Mu

Zmena 15.00-

No Fire Insurance will be affected by me la 20.00 | any case whatever,”. comm, 3000 All-damaged Packages must be left in the

Godowns and a corticate of the damage" 15.00 obtained from the Godown Company within ten 18.00 days witer the Vessel's arrival here, aitax which

"no Calma will be recognized.

|| TIPPIN & DINNER

BERAKFAST & TIFFIN „ BREAKFAST & DINNER.

BEST OF VIANDS SERVED IN THE BEST OF STYLES.

37);

(J. E. GOODCHILD

Hanija, J

WINDSOR HOTEL,

THIS

PA

HONGKONG.

HIS ESTABLISHMENT, situated in the diegant Hallding known as "CON. NAUGHT HOUSE," offer First-class Accous- madation to Kesidents and Travellers.

Elevator,- from Entrance Half So cheer in charge of experienced Anda

Attendant.. and for Monthlyce Extended Periods may

BILLIARDS,L

WAP. BOHM':

Pangelator & Manager Honghong, grd April, 1805.

Intimations-

HA RITCHIE,

Superintendant. Hongkong, 27th December, 1807,

NORTHERN PACIFIC STEAMSHIP COMPANY,

*NOTICE TO CONSIGNEES,

STEAMSHIP * MOGULY

FROM PORTLAND, YOKOHAMA, KU

bere Steamer having antred, Cotte N, AND MOJL

Can-

send in their Bills of Lading for countersigna ture and to take immediate dellrary of their Goods from alongside.

Cargo Impoding, the discharge will be landed and stored åt Consi

трепко

DODWELL, CARLILL & CO. Hongkang, 27th December, 1807.

KUHN & KOMOR, PACIFIC HAIL STEAMSHIP COMPANY

1** 23, QUEEN'S ROAD, HOMOKONG,

APANESE FINE ART CURIOS,

35, WATER STREET, YOKOHAMA -

** 35, DIVISION STEKET, KOJE.", Hongkong, 13ık March, 1896,

THE LEADING CATERERS

COMPARE; OUR

CE

ONSIGNEES of CARGO per Steamship

CONST

"CITY OF RIO DE JANEIRO ” The above Steamer having suived Consignees 1457 of Eared are hereby requied to send in their Bill of Laden for Countersiguktuto and to. taka Immediate adavery of their beade from

Cargo impeding the discharge & the Ven

MENU, BILLIARD TABLES and will be landed and stared at Consignes Han

LIQUORS

GRILL ROOM

- and expense."

longhing, sith December, 18gy.

Page 5Page 6