1909-08-14 — Page 6

302

Currency Question.

CONFUSION IN FINANCIAL

TRANSACTIONS.

CONCERTED ACTION BY Chambers OF. COMMENCE.

over

THE HONGKONG TELEGRAPH

FIRE AT CANTON.

TWELYK BUILDINGS DESTROYED,

[From Our Oton Corvaspondeni,] "

Canton, 11th August.

The following correspondence was consider. At 12 o'clock last night a fire broke ed at the meeting of the General Committee out in a shop in the Western suburb. At of the Hongkong Chamber of Commerce held the time of the outbreak there was a strong wind blowing and consequently the con- on the 3rd fast,

Tientsin Chamber of Commerce, flagration in "a shon space of "time spread

1815 June, 1909.

large area and huge tongues of flame Sir, have the honour to iorite the co-shot out loto the air flór a considerable dis- operation of your Chamber on the currency tanco. No assistance was at hand to combat question, which is a matter of vital interest to

the dames until fully half-an-hour had passed, all the commercial communities'in Chios.

when the various fire brigades arrived on the The question has again been brought vividly before this Chamber by the wholesale depre

CAPTAIN DOUGHERTY'S

FUNERAL.

The Shanghai Times, of gth fast, says The remains of the late Captain John A. Dougherty of the US. S. Rainbow, who died at the General Hospital early on Sunday. morning after a brief illness, and which were ambalated for the purpose of being sent, to America for Interment, were this afteroon removed from the mortuary at Bubbling Well cemetery and taken on board the P. M. steamer Afanchuria for transhipment to the U.S. The casket was carried out from the mortuary and placed on a waiting band cart. Preceded by an escortal Sikh troopers under the command of Trooper Serger ant McSwinney, the 'cortege passed along the Bubbling Well Road to Loongfei Bridge where turned into the Thibet Road, then into Foo detachments of sailors and marines from the various American' warships in port as well an

SATURDAY AUGUST

SHANGHAI TRADE.

clation of the local curreacy, and matleri have'!ghters exhibited great pluck in their offorts to chow Road to the Bond where it was joined by their stunted appaärauco, as although tho stalks

reached an impasse.

יד

In inviting your co-operation you will per- haps allow me to explain'in some detail the| present situation of the local currency,

The fineness of the local-Hongping Hon Pav sycen is supposed to be .992, and the shoes RTO so stamped, but no contro! has for some time been exercised over the melting shops, and the touch has deteriorated to anything round about 1965.

In February 1908 the Commissioner of

Cus toms issued a notification (vids pp. 49/50 of bur 1968 Year Book) that owing to the deterior. "uston-of-sycee-an-extra->% would-be-imposed- on all duties. I was not until September 1908, after mach agitation, that this illegal charge was done away with, but we were unable to

laduce the Chinese Authorities to acknowledge their liubility for the currency in spite of the fact that all melting shops were required to haid licences from them.

Since that date a so-called melting fee of 8% has been charged on all duties, and wa have, up to the present, been unable to secure the abolition of this imposition.in

No steps have been taken to recall the debased sycee, nor efficiently control the issue

ANTUNG MURDEN

RAILWAY..

A-JAPANESE-STATEMENT...

party from the German cruiser Jaguar, who

Very conflicting dewa

14 1900.

“ANGLO-JAPANESE IRON

FOUNDRY.

SUCCESS OF THE VENTURE QUESTIONED.

VIEWS OF A JAPANESE CRITIC, We (Japan Chronicle) make the following translation of a loading article in the Nippponjin in regard to the proposed Muroran Foundry formed by the Bokkaido Colliery and Steam ship Company in conjunction with Measts. Armstrong and Vickers, of England

confières Ignorant? Do they hope to take. advantage of, the lowness, of wages in Japan? But wages are not as much lower in Japan than in Kugland as to compensate the loss of time caused from sorilng sand. pralenkle

Thus far we have dealt only with the sup ply of material, but there is still another diff. culty in smelting iron-sand. Small grains of iron sand are not fit in their loane state to be smelted. They must first be kossded together with some chemical preparation, and then put into a mould and made into bricks before the ore can be put into the furnace. The chemical preparation and the mould have furnished. any problems to the mining industry, and it is doubtful if the Muroman Foundry will succeed in these points, though they may utilise a few patented methods. Even if they succeed, conildorable expente is un- avoidable so long as iron-saud is used as a ma ferial. These inconvaalances are evident even to the outsider, and it is surprising that the people concerned do not appear to show the slightest anxiety regarding these points and it may be asked if they have some hidden rumoured that the Muroras Foundry has a secret contract with the Navy Department, and " that whatever the mishaps of the Foundry may be, the company is secured against any loss, so that the company's business cannot be viewed from the ordinary business standpolci! We will reserve our oplsion on this palat until late, but we must declare that the failure of such an international enterprise as this Iron foundry would greatly affect the fature credit, of our country, and we would ask for enlightenment in our grave doubts concerning the wisdom of

enterprise."

Messi, Noel, Murray and Co.'s report on the Shanghai Picco Goods Trade says

"It seems that wa arn now in the midit of the dull, hot period that is usually associated with July, which still carries out the theory of a late season this year. If that is so there may be a better chance for a satisfactory Automa demand, the possibilition of which have not put in any appearance as yet. Meanwhile the market remains is a deadly dull state, so sales of any importance being made from first hands. The continued hot wasther, may

"The steel plant which has been founded at extent for the apathy Mororan under Anglo-Japanese management, account to

with a capital of Y25,000,000, is certainly one being shown by buyers at the moment, caus

of the greatest private enterprises in which ing as it does great anxiety concerning the

Tapan bas engaged. But we are afraid that standing crops. We learn from Native sources,

our people are neglecting to make a full ip- scene to render their services. The fire.

however, that the crops in Shantung are tam ing out much better than expected at first from vestigation of the most important element

of a successful foundry-that is, the sup extinguish the fire and with the co-operation of

are dwarfed the ears are large and full. It is ply of iron ore. If the supply should, fail, a number of employees from the Canion Waterworks, sooo got the flames under control.

to be hoped this may be the experience in other it would prove a death-blow to this great As a result of, the fire twelve buildings in all

enterprise, and a great misfortune to the people comes from Manchuria. were destroyed_and_several_athers-in-the-Bund-the-coffin was covered with the Ame of serious floods in populous neighbourhoods, grise would not be the failure of the steel ander vicinity where the fire had occurred were more tican flag, after which flowers were placed while on the other hand it is reported the crops taking alone; it might discourage all interna or less damaged. Fortunately, no loss of life on the top and evergreens, twined round

as a whole are in excellent condition and near- tional enterprises in which Japan is concerned 11 has been repárted

When all wai in readiness the cortege

ly ready for harvesting. If other conditions This is why we feel such deep concern regard was formed, mounted troopers being in the

were favourable to foreign trade there would noting the supply of ore, which constitutes the lead followed by detachments of sailors and

be much to complain about, but the dominance fundamental problem of the Muroren Foundry, marines with draped colours. Then came the

of the Japanese interests all over the country in

Japan has already had a fatal experience in funeralcar, oo each side of which walked a num-

so marked, fostered as they are by banking and this direction. On the establishment of the bar of petty officers, while in front walked a petty officer carrying the Captain's commission, transport facilities, Diber goods are getting Yawats Iron Foundry in Kyushu, the authori

very poor show,

ties commissioned a number of specialista to pennant draped with crepe. Next came abere-is-rather-less-apkinly regarding floods-examine the iron-mizes all-over the country detachment of officers and men from the Jagwar,

but they found no single mine which pro tor and they were followed by Capt. Lloyd of U.S.S. Wilmington and many officers of the

duced ore in any appreciable quantity to say various ships in port, among them being

nothing of quality. They succeeded only A-Japanese naval officer. All had broad bands.

purchasing an iron mine from the Mitsu Bisbl firm in Akadant, Ecbigo province. The of crepe on their left arms as well as on their

ore was found together with copper ore, but sword knots. Next came Lt. Col. A. A. S.

later it was discovered that the mine was not Barnes, Commandant, S. V."C; and Captain

worth working, and it was abandoned. About S. A. Ransom, "American Co. S. V. O; and

that time, there was a small iron foundry In were followed by Messrs. F. D they

The story of a barbour incident, whereby a Cheshire, American Consul General at largo:

Miyoshi, Hiroshima prefecture, which the serious collision was nearly caused, but which, 7. Heintzelman, Acting American Consul

Department of Fiesuce tried to enlarge, setting fortunately, was averted, was told to the Acting the specialists to ascertain whether iros-sand Harbour Master, Lient. C. W. Beckwith, R., General;, A. D. Bassett, District Attorney; Dr. China, and several others. When the Muni

experiments the specialists came to the con- M. Willoughby, Master of the Govt the sailon

clasion that the quantity of iron-grains contain-

erument steam tender Stanley, proceeded cipal pontoOS WAS Supplementary Agreement and marines marched past the remalas, ordinary manner, and points „once' mora to the ed in the sand was too small to supply, a large against Captain A. N. Beaton, of the L

Shut On, for failing to observe Article a8 under. foundry, and as the grains found are very

the," Regulation for Preventing' Collisions at smelted. Thus iron-sand was abandoned as a all, the sand is economically unfit to be possible material for the fron foundry, and Sen" on the evening of the 8th instant,

Captain Willoughby stated that at about y the Government was obliged to import iron p.m. on the 8th instant, whilst proceeding down ore from China. This fact is well-known the Central Fairway from West East and about abreast of the P. and U. Busy No. 7 he to the specialists as well as to busincus

These failures taught a lesson to noticed the Shiu On moving through the jonk those who, wished to embark upga. the anchorage. Witness was on the starboard side steal busiasts. Yet there are some people who of the Central Fairway, but he parted his helm will leams from the past and are about to and gave one short blast on his whistle. The repeat the old experience; these are the per Shiu On, just entering the Fairway, gave one sops connected with the enterprise of the short blast but did not alter his balm. Witwass Murorae Foundry. In view of what we have then want fall speed asters, giving thres blasts stated above we cannot stand aloof and remain on his whistle. He just managed to clear the silent in entire unconcern...

Shiu On, but pulled the Stanley right on top of the junks.

brought a handsome wreath. On arrival at the 1. parts of the "Couple There are many reports concerted. Moreover, the fallure of the enter-grounds for their confidence. It is indeed

We (Shanghai Mercury) have received from Mr. Eitaki, the Japanese Consul-General, the following, statement on the Antung-Mukden Railway question!-

It will be semembered that the light railway between Antung and Mukden was built by Japan during the late war, for military purposes. As the line was constructed in harte, it was wholly unsuited for ordinary commercial

-purposeis.

at Hankow and other River Paris, but orders for fresh supplies are very slow in coming down. Clearances and shipments of former purchases, including Auction Cargo, however, are going on quite satisfactorily to most of our dependencies.

Since Manchester elected to adopt short time prices have steadily stiffened there and widened the margin between that market and this instaple goods, the advance in some classes boing as much as he chancement in

here do not warrant any such in

in

this

¿AN AVERTED COLLISION.

CABE AT THE MARINE COURT,

of new shoes, -A proclamation was issued by 1 ment,, the. necessity of a connecting link F. E. Hinckley, Clerk of the 'U.S. Court for prices on this side, so transactions are likely to could be used as material. After a series of to the Marine Court-last Thursday, when Mrk

the Haikuan Teo in March 1908, (vide p. 142 of our 1903 Year Book), which 'ordered the melting shops to issue sycee of 1992 fineness, but this proclamation has been a dead letter. The position (ben is this, That the former currency of debased syces, lower than 1997, which farmed the currency of the port has been demonetised-and-that- no effective steps have been taken to replace same by another currency... This has led to a state of confusion in all бpancial transactions to the detriment of trade.

When the South Manchurian Railway was transferred to the Japanese Govern between that line and the Korean system became apparent, aud sccording to A ticle VI of the to the Manchurian Convention of Peking of 1935 it-was-agreed that-Japan-not only bad the right to maintain the military railway in question but she was to improve it so as to make it fit for the conveyance of merchandise of all nationals, or, in other words, to transform a purely military line into a commercial rail

way.

The existing Antung-Mukden Military Rail- Things have reached such a pass that a payway has a total length of 188 miles and a gluge mant of Tls, 1,000,000, recantly required to be. of 2 feet 6 inches. made on Chinese Government accoubt to one of the backs could not be made owing to their having no sycee of the requisite fossein. →

Op 18th instant, a special meeting of mem bers of this Chamber was held, and a long re-. solution was adopted demanding that the debased sycen shall be recalled, replaced and remelted, and that an efficient control of all sycoe melted in fature should be maintained.

reached

The coffin was then carried on board the waiting tender, the man standing with arm at the present the while. When the body was on board a bugler blow the customary call for the occasion. During the ceremony all the men-i-war- in port, as well as the tender as which the body, was taken down river, had their flags half-masted as a token of respect

CHINESH STUDENTS.

e zuch cutite home markets in an extra manipolated on the extra influence of the gambling element. During the interval Mid-American has been up to 6.Bad. in Liverpool and 12.60 cents in New Yord, to-day the quotations come 6.68d, and 12,13 cents respectively, and this in face of the Bureau reports of 71.0-as the condition of the crop at the end of July. The latest quotation for Egyptian at Liverpool was 9-7/160

The Manchester export for last month of Plain Cotton was forty million yards to Hong kong and Chias, a very full supply, Dyed and Printed goods are also Deavy, namely 13,400,000 ments of Woollens and Yarn are a good deal.

To avoid the constraction of tuncelsand brid. GERMANY MORE LIKELY TO DRAW THEM, yards and 2,700,000 yards respocuvely. Stip..

ges, for which there was no time, the line was gives a wide detour, and steep gradients andshort and sharp curves, so owing to these defects there'

SAYS MR, YEN OF COLUMBIA.

"No, China will not send many students in naturally frequent danger of derailment. The to the English univerakties, They are too hooling capacity of the locomotives it very conservative-too much Greek and Latin. The small, three or four casa constituting a maxi-Chinese must look to the future, pot to the mum train and in some portions of the line past." This is the view of Mr. H. L. Yen, à where the grades a-e steep, träing have to be | bright and clever young Chidese stedent who Columbia University. He was discussing the foreign educational policy-of his Government, and of what practical value this was likely to

men.

Captain Seaton stated that he was going

through the Southern Obannel but could not

I have the bonnyr to send you under separate divided into two or more feparaté hauls. The recently received his degree of arts, from thought the woven article would have had the /.Kyushu, but how are the founders of the enter, get through owing to the presence of junks.

cover copies of correspondence, and of the minutes of the meeting referred to

The committee was instructed to invite the co-operation of the other Chambara in China, and I leel confi lent in laying the facts-belore your committee that they will welcome the opportunity to co-operate with us in urging the Diplometic-Corps in Peking_toInsist on the long promised reform of the currency being carried into affect. There is a strong feeling in this Chamber that we can go on writing despatches interminably without producing any effect, and, as one speaker pointed out at our recent meeting, the foreign community have a very powerful lever in the payments they make to the Customs. If our united, representations again bear no fruit, it might be worth consider ing whether combined action of all the Cham bers in the manner indicated would be advis able.

The mlautes, which I am forwarding to you, will, I think, give an idea of the serious financial situation here, and, as the agent of one of the banks pointed out, breaking point may be reached at Any moment.

|

speed capacity of the engines is also necessari. ly very low while travel on the line by night is impracticable. Transit between, Antung and Mukden requires two full days,

It was to remove these defects and to mal. be to China, the road available and efficient for commercial purposes that the improvement stipulation was inserted in the said Supplemetary Agreement 01.1995.

Mr. Yon's place of residence in catalogued as the Chlusse Logation, Washington, D. O as he is under the supervision of the Chinete Ambassador, being one of about ong hoadred and fifty Chinese at present studying in the United States at their Government's expense, About as many more are scattered among the American universities, studying and support

ho said, " and this is proved by the very fact that she sends out at the Government's expense men to study the science of government in the leading universities of the most progressive countries."

Business privately during the interval has been practically at a standstill, two whole-day Bank holidays not conducing to fresh transactions. wing-to-to-usencal Exchange quotations, An event of some note may be recorded in the strival bare of the newly appointed Viceroy of Naoking en route for his post. It is to be hoped that as he comes from Canton, which is gressiva ideas, that less obstruction will ba shown to the laudable efforts of foreign traders here to improve the commercial situation, and more especially do away with the obstructions that provent the local Railway from baving foll

of Native and Foreign trade alike.

The transactions that have taken place are altogether of a retail description is goods from stock, there being ao special or regular demand for any particular thing, the business passing

|

He did port his hälm when de gava ona short blast but was so close to the junks that be could only give vary little balm. When he board the Branley's thren whistles, he went on, The charge was dismissed with a savera can- tion to the defendant to navigate through the junks at slow speed and to use the Southern Channel where practicable and try to realise the danger incurred crossing the deep draught -chaonel

CHINA'S SCHOOLS.

EXCHANGE OF LECTUREB,

over the average.

The activity in the Yarn market ik the most relieshing feature at present, with prices'sdar- The proposed plan of the Muroran Trop ing away above anything that was thought pos. Foundry in an elaborate one, noris the ambition sible a short time ago. When it is considered of the enterprisers modest. The proposed steel what theas Spinnings lay down at when they plant will be equal to if not larger than that in touch their destications it would have beso

prise to solve the fundamental problem regard. preference. 11 not reported that the greating the supply of iron ore? When we are told Fire in Osako ban caused any loss or inter- that the lip-sand found along the shores ruption in the Yarn trade. The Local produc of Volcanic. Bay is the chief material they tion is bolding its own.

depand upon; we cannot but express amaze- ment at the extent of their recklessness, Amatiron mine near Kads, in Hokkaidy, miny supply some material, but this supply is only a small portion of the grand total of the material required to give enough work to a concern with capital of Y25,000,000.. If the capitalists in England have made a practical investigation of Volcanic-Bay, and concluded that the ironsand found on the shores of the bay in sufficient in quantity to provide material for this great plant, we are more than amazed at their ignorance. We are afraid that they have Seaking to establish a close working agres- been misguided by a superficial view of the ment, so interchange of lecturers and credits somewhat large Volcanic Bay, and the black for courses of study between the schools of China and the University of Washington, Miss aggerated report and the unbounded enthusiasm Ida K. Greenice, sa instructer of English in of the promoters. This must have led them to the university: Ng Nei-hong and Stanley T. such a mistaken conclusion. It is incredible Doug will sail for the Orient on the finnesota that they should undertake such a matter so to-day, says a recent San Francisco exchange. incompatible with their characteristic cautions. A study of the schools of China la to be ness and stability of judgment. France is made with a view of determining just what the only country in the whole world which branches are taught and how thorough the pro- is said to have made any approach to success paration. "Then a comparison will be mada in the use of iron-sand as material for steel with the work done there and the requirements manufacture, and if Englishmat bay agreed at the university, and an effort made to deter to invest a large amount of money is a great mine just where a graduate from the Chinese steal foundry in the unioown Far East which schools, should bagin, in what clase and with depends for its raw material on iron-szad found what amount of credit for work done in China. on the sea shore, we are indeed surprised at An effort will be made to interest the schools.of their recklessness, adventurous spirit; and lack the Orient in the university, and, if possible, of cantios,

establish an interchange of lecturers between the university and the schools of Ohiou. - Mr. Nel-bong is a student at the university, and Mr. Dong a student at the Lincoln High School.

He was of the opinion, however; that Gar- Cope and facilities for working for the benefit | iron grains on the shöre, together with the ex-

By the opening of the Mukden-Fusan Line, another route will be established for Intercon tinental intercourse between Europe, Japan, and the Far East generally. The new couteling themselves." will have the advantage of reducing the se China is looking forward to a reformationally credited with more up-to-date and pro- voyage to hours, but in order to make the route effective and useful it is necessary that it ebail have the same gauge and efficiency as the Korean and the South Manchurian Railway systems, to which the route under coulder ation will be the connecting link.

Improvements which are absolutely essential many is to draw more Chinese students in the include the building of bridges, bating of tun folure. This is dus partly to the fact that Gar wels, straightening and grading of the line, and man influence is very strong in northern Chine, the changing of the gauge similar to the Korean where there are extensive German settlements i and South Manchurian Railway systems. I but it is due more to the realization of the Go

ber that we shall have your full support in shortened, time of transit between Anturg and ciples are more adaptabis to it at present than staple makes it is quite impossible to touch I feel confident in approaching your Cham-With these improvements the distrace will be vernment that the German monarchical prin. 1 being merely to fill hand to mould orders. In

another united endeavour to secure the loog promised currency reform.

We are communicating in the above senio with the Chamt urs of Commerce at Shang- hal, Blangkow, Tsingiau, Newchwang, Loadou, and Manchester, and. I feel hopeful that if we unite in taking firm action we shall be able, under the new Chinese regime, to secure the desired reform.-1 bavo, &c

(Sgd.), W. E, SOUTHCOTT,

Chairman. The Chairman, Chamber oLCommerce;

Hongkong.

Enclosures were laid on the table.

The following acknowledgment addressed to the Tootsip Chamber was read:-

Hongkong Chamber of Commerce,

15th July, 1959 S-1 have the bonour to acknowledge the receipt of your letter and enclosures of the 35th Jus8, 1909, Laving reference to the important question of currency reform in China, and to state that the same is receiving the attention of my committee. I am, etc.,

(Sgd.), E. A. M. WILLIAMS,

Secretary.

Tiestaid Chamber of Commerce,

Tientsin:

The Chairman,

Hongkong Chamber of Commerce, _jo:h.August, 1909..... Sir-I have now the honour to reply to your letter dated 28th June, 1909, on the question of currency reform in China.

My committee are fully prepared, as they have always been, to take part in any concerted action having for its object the improvement of the present state of affairs to which you call attention. It is presumed that the present endeavour will' take the form of a joint memorial, and my committee will be glad to receive a drait of it in due course.-I am, &c.,

(Sgd.), E.A.M. WILLIAMS,.

Secretary, -W. E, SOUTHCOTT, Rag, Chairman, Tientsin Chamber of Commerce,

Tientsin.

SHANGHAI SENSATION. ARREST OF CONSULAR OFFICIAL, A sensation was caused in the Settlement to day, reports the Shanghal Mercury of 7th inst, when, it became known that Mr. Chas: Engelbracht, formerly Marshal and Clerk of the U.S. Consulate General, had been arrested on an Information filed by Mr. A. Basselt, Dis- trict

Attorney U.S. Dount for China. The charge is that of embezzlement, alleged to have been committed by the socused whilst in pos- session of capsular and government monist at the time of his holding the office of Manaal. The arrest was made yesterday afternoon os an American Consular warrant and the accused was taken before the Consular Authorities where, after a preliminary examination, he was released on ball of $1,000 gold. The case will be heard next Wednesday, at 10 am, at the

„B. Coneglar Decrtő

Mukden reduced from two fall days to eight or the democracy of the United States,

home prices, but a few indeois continue to go

through for Fancies, mostly, of special designs and makes. There is scarcely anything doing American goods, though during the last day or twe rather more inquiry has spring up. It has not stable more adequate prices. We ing to establish more adequate prices. understand Pepperell Drills have been resold at Th. 5.25, and Buffalo A 3 25 yard Sheetings at Tia, 4.371 and Tls, 4.40 and at the close it is rumoured at Tla 4.45 Small parcels of American Cotton Flannels are also changing

hands.

CHINESE BANKNOTES.

..

nine hours and the general efficiency of the line These young students of scientific governs will be established. Without them the Railment thoroughly realize the seriousness of their way will remain as at present entirely useless work. It seems strange to Mr. Yen that the for commercial purposes.

average American student has no definite sim The Japanese Government with a view to throughout his college career, but goes through make the Actung-Mokden Railway available some kind of course merely because it is a as soon as possible as a connecting link be family custom. Three of the Chinese who re- tween the Koreas and South Manchoring caived degrees, from Columbia had already systems in the great intercontinental trunk line done undergraduate work in native colleges entered into private_negotiations-with-China-leading up to an equivalent to our B. A.; ME As this proved abortive the Imperial Govern Yen from St. John's, Shangbai; Witsen B. ment officially proposed to China iz Jacuary Shan from Nanyang College, Shanghai; and Jast to dispatch Commissioners to survey the V. K. Wellington Kao from St. John's, lioe. The proposal having been agreed to the Shanghai, Thoy were all aprolled under Japanese and Chiness Commissioners made the faculty of political science and studied and agreed upon a joint survey of the pro- | constitutional law, administrative law, in- posed route with the exception of a small sec tercational law, political economy and socia tion some twenty miles in length, between|logy. Mr. Yen expects to spend two mora Mukden and Cheahsiangtan. This work was years lo study, posibly in Germapy. Then completed early in April and steps were imme he will go back home, pass Government ex- diately taken, to report the result to the Chiaminations and place his knowledge acquired nese Government. (As, however, the route be from Western civilization at the service of ble from the days when these regulations reach tween Mukder and Chenghsiangtan remained country. to be discussed between the two Governments, It is only a matter of a few years, he thicks, the Imperial Government, in order to prevent until Chins will have great universities of her abpecessary delay, proposed to the Chinese ows, using the native language and educated but employing, Western tion of the line, east of Cheahsiangtan which methods. P. H. Ling, who is the fourth of the had been duly surveyed, leaving the Mukden Chinese receiving degrees from Columbia last Chenbriangtan section for subsequent examina-week; got a teacher's diploma from Teachers' tion and adjustment, and they aúnounced their Collega and intends to go home to teach. desire to begin the purchase of the land re- quired for the railway.

Government to commence 'work on that per- | native feachers

WIRELESS IN SHANGHAI,

REMOVAL OF INSTALLATION,

The Board of Finnace has issued, with the Imperial sanction, twenty regulations respect ing Chinese bank notes. The following are the more important ones:-

Both have been in Miss Greenlee's, classes' in English, and the three have made a study of the situation." |

The Chinese beys believe that the most gold.. can be obtained by appealing 'direct' to the......... regent, and the little party bus decided to will follow this advice or etablish C

follow their and þigh- schools in China, where courses of study, simis lar to those in American schools will be givan. to the Chinese boys and girls.. They, wish to have many more. Chizess, youths, kod-girls- scal to be. United States to be educated in order that they form a nucleus for educa, tional institutions to be established in Chinag

Iron-sand is found mixed with sand driven up on the sea-sabore by the waves It_is_s. secondary mineral product of the fourth-geolo. gical epich.. The material is found on all the shores of our country, though the proportion of its admixture varies greatly arcording to the locality. The North-East of Honsba, along

BOYS AS-INTERPRETERS. *** the Pacific coast, is well known for the abus

The two Chinese boys will ́act as interpretar dance of iron and there, but the proportion for Miss Greenlee, who will make a personal of grains in the mixture varies from 5 to 25 appeal to Prince Chun, regent during the min- per cent, The sand in the best known only of the child Emperor of China. Nie-hong district in the Sanindo region contains and Dong will point out to the piece the.noad- and not registered, shall within six months of Volcanic Bayo far as it is the the great benefit that would be secured from, an 5. All banks at present issuing bank notes en average of 7 per cent, while the iron-sanded reforms in the education of the Chinese, and product of the sea shore, cannot much exceed interchange of lactoren between the University the places where they are respectively at this percentage. Even granting 15 per cent of Washington and the schools of China, gated, have. ready the secessary capital and of iron-grains in the sand at Volcanic Bay, 140 tons of sand must be sorted each day to obtain 20 tons of iron sand. Though we are not yet apply to the local authorities for registration at the Board, in default of which they shall be compelled to withdraw all their notes from cir aware what sort of machine the proposed foun- colation at once and fined according to Reguin dry is going to use for this purpose, it will in tion. 6. Allfirms other than banks issuing bank any case be no casy work to sózt 149 tops of notes shall withdraw the same from circulation sand per each day, Even if the mechanical by the end of the fifth moon next year or re difficulty is overcome, the economical.one will gister themselves as banks under Regulation 5 be a great obstacle. All this trouble and ex- and 7. No bank or firm carrying on a bank pense are not necessary in the smelting of or fing businces, whather official or commercial, dinary iron ore. Moreover the sand available opened after the promulgation of these regala for use is not the entire sand along the whole The Shanghai--Mercury-of-7th- inst, says Lions shall issue bank notes 3 Albrek aa

coast line. Perhaps the sand comprised with

......... HOPES_OF THE PARTY, Yesterday afternoon the work of removing the mulgation of these regulations no bank shall in about ten yards from the waterline, and wireless telegraph apparatus from the Palace issue notes exceeding the amount of those about two feet la depth will alone have any "We hope to aid this movement by going to Hotel was commenced. During the afternoon at present in circulation. 9. Every bank economical value. Supposing the avail the regent," said Stanley T. Dong yesterday, Mr. F. N. Drening, of the Imperial Telegraph

or firm issuing bank notes shall make a able sand to continue for a length of thirteen "The bigh schools of China should comprise Administration, called on Mr. M. J. Nathas, true report to the Board of the amount miles (the whole coast line, is about 30 miles), all of the studios taught in similar institutions and on behalf of the Administration barded of notes it has in circulation to. Every and assuming one cabic foot of sand to weigh of learning in this country. There are at pre- over a cheque for $10,705, being the actual cost bank, whether official or commercial, shall 11 kwamme, the whols available send will sent many Chinese students to this country, of the installation. On receipt of the cheque haves reserve fund to the full amount of the weigh less than 50 million kwamme And If They are learning modern ideas and China is notes issued Such reserve fund shall consist wo grasi 15 per cent of iron-gealos in this becoming modernised. That is as it should | Mr. Nathan handed over the keys of the operat

of forty per cent, of ready money and sixty available sand, the iron contained will be only be a period of enlightenment is now here and ing room, and workmen were at once scat to taks down the wires: The apparatus will be reper post. of Government bonds, reliable shares,7 million kwamme (one ton is approximately China is profiting by it. By going directly to erected in the compound of the Chinese Tale script, or deposit notes. 11. All banks shali, 241 kwamme), barely enough to supply the fanetalo head for what we wish I think wa can do something to help on the movementäka graph building on the Band at the rear of the beginning from saxt year, withdraw twenty foundry of 20 tons capacity per day for thras C.M.S.N..Co.'s offices, and is expected to be per cent. of its" notes from circulation every years and a half. This is a grave cause for ready for work within three weeks. The Tale Tean 14 From next your every bank sball, anxiety. We admit that a margin was left in learn the language, the modern ideas and the graph Company will supply all the materials make a-true-report to the Board of the our calculation, but even if we doubled the advanced civilization of this country, Chian' necessary, such as wires, poles, etc. The mast amount of notes, it has in circulation and its supply, the time limit would not exceed savan will benefit by it. I and my associates hope successful. We shall be away about six months will consist of a couple of Kisting poles spliced reserve fund,, once every month. 15. The years. Twenty-five.million yen for a work of to secure such things, 1 believe we will ba

seven years looks too expensivo and· extra.

nod then I shall return to resume my studles together and when jolued. will reach to about Board shall send officials to the official banks

to make investigations from time to time and vagant. the same height as the Palace Hotel.

Furthermore the use of Iron-sand forcasting here We understand that Mr. Shekury, managing in the event of their reserve lands not corros

China should have a month large

Auger nay phần director of the hotel, who left here recently, for ponding to the amount of the notes issued by purposes belongs to the past. In the advanced Chios, however, still maintaide an unyielding vidit to Australia, left the Commonweali lest them, or their haylog made untras seports or state of the Iron industry no one follows the she now has. The present navy does bot and tunccommodating attitude which gives no Tuesday for London, where he will place the otherwise broken these regulations they shall leisurely method of picking up particles of frou hold its own with those of other nations promise of anything but vain and unprofitable whole matter before the Foreign Office be puolshed by the Board. 16. The local and. Even in our country the usage is My brother was Dang Shi Cheng an admiral of authorities shall go with a representative or re Emited to the Sania district, where people re», the Chinese navy, during the Chinese-apanese negotiations was denied

In this situation the fesperial Government in THR Seoul Praer states that opium smakers in presentatives of the Chamber of Commerce to sort to it from force of habit. And we do not wat: He met deals then and his stalpa Bri compelled to take independent action and wilk Corea are gradually decreasing in number, the commercial banks from time to time to see why the Muroran Fonndry, with the ad, the collection of Chinese heroes. Ieant China out waiting for the cooperation of Chinese According to statistics compiled by the Home mais investigations and shall repost them to vice of English and Japanese apócialists, to have a modern navy, I want the pri Authorities to proceed to carry out the heces Office, within the eight months from May in the Board for punishment in case their reserve should resort to this old-fashioned method, China to be as modern as that of any o fary works of reconstruction and improvements December last year the total number of imőkár funds do not correspond with the amounts of which has already been discarded as worthless country. If our mission la successful i according to their treaty rights and fa haimony throughout the country amounted to 1,676, and the notes leased, by them, or they have made la Europe, unless more than so per cent of ing the necessary, appropriation for */ with the money of the commissionem-of-tas | of the somber k,479 bars since compiasalyginan mitrus reports or otherwise bruken these re-from-grains could be found in the sandi. Ars. sri gelag to try and have ar later

the spanses engineers foolish or their Zaglish) Battleship bolli hy sa Americas (wo Governments,

up the use of onlwm5!

China, having recoures to bar well known. policy of obstruction and procrastination, evaded the just and reasonable demands of Japan and raised questions regarding the police authority in the railway zones and the withdrawal of rail: way guards. Finally on June 24th last they sent a reply which if concurred in would wholly nullify the provisions of the arrangement of 1995, and disregard the survey agreed to by the Commissioners of the two Governments.

The reply, besides reviving the questions of the railway guards and police authority and ralelug other immaterial issues which would appropriately lend themselves to separate negotiations, declared that the work of impro vement must be confined to the existing tract and that no broadening of the gauge could be permitted.

The Imperial Government, reluctant to take measures tending to impair the good relations which exist between China and Japan, confined their action to an endeavour to induce Chien to reconsider her natenable position-and to adopt the course consistent with the manifest intention of the parties to the engagement of 1905.

..

If more students are sent to America to