New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-11-12

|
| nonish company has cable 10 Hong Kong ana
y1od,vo.tock and St. Petersburg. touching Mt Japan
The Eastern Telegraph Company, owned ny Ehshsn"eh
has also a cable to Hong Kong and Australia ana IL
buildpc land line to Foo Chow These are all the 'ee
craph accommodations 50 far possessed by China Rail
roads are certain he built in China soon IA possible
after the present closes The first it Is reported
will he from King and Tcin Tsin TO Ching keang' III
the province of Shi Lung distance OF GOO miles KEEP
rcsentatves OF Shanghai firms are now at lien Ism
looking Tor contracts Other roads are sure TO DC o'
| later giving employment TO an immense amount OF
foreign talent and foreign capital Money VIII DC looo
for in Europe American capital can be too proh'aoS
used in America TO seek such Investment as TINS III INC
Far East but much OF the expended VIII hh us
way into the pockets Of American contractors who nave
ample experience ana plenty OF energy for Tic WORK.
| RUSSELL AND COMPANY.
American interests are ooking mp In emma Sinoo ''o
purchase OF the steamers and property o' 'he
Merchants Steam Navigation Company by Knsseil 70
This house Is among the oldest In CHINA III WIS cs"
lisird by Samuel Russell. Of MidllcoWh' 'oh'' 49,
! lS25, when China was far OF 6nd IL was HUI oNi
Flo, , one xhc went there would ever he seen again ny
the outside world. The firm has since hlllh'ii'o" "
supremacy The original partner returned To America '"
,c1 there many years In fact there has peeh no
Russell In the firm for forty five years Nter 'h' 'o'u'
mcnt of Samuel Russell the business passed prncP'N
into the hands of Paul s. Forbes Who retired some eiHh'
wears MOO ani ia now living in the American colony M
Paris There are now several partners oi whom Tue
three nrincpa are William Forbes. bcconrcey f"peS
and e. n. smith, the present manager resident "
shanghai william Forbes Ia In charge ot the HONG
Kong office. and his brotl cr IA In Paris iher' N wv
agency In London In charge or :. W. F"nei"l IN iSo'
the firm established line of steamers on the Yang lse
they rroapcrcd IN the business, butt new steamers ana
made the Ameican nag familiar not only ON the Yang
Tsc hut along the Jhnesr coast About elsht years ~"
they and their boats aud other property to the 'hh'r'
Norrhnnia COMPANY. FROM whom they bought thom na'h
| 4 49,. i.kv t.ltlt
ago.
Tho hisorv ~ ihla chinese company IL Interesting "a
shnwln the hnhitv of the chinese to manage success
fully II etcN commercial enterprise without the q" ~
r,petlrnou htrpnrra The primo mover Ia tho H'hem"
waa supposed 10 loo ~ Hung chang who WA iheh hh"
| long aiorwaM one ~ tho mo't prominent men w '"'
Empire iiewaH rich aud u was supposed that lao "Wn""
the nenor mart ~ tho stock, Tho rest ~ tho stock was
subscribed by Mandarins which oanned the "rganta'h
| Ia he called the Mln,nrinh steamship COMPANY lAS
hogan win several ADVANTAGES chitl OF Nh'n W. '
carving OF tribute rice ynio"s points "n The srat
rly and the whore II was collected 10 70 hlhs
a,i"n' nemg regulated by ii iuns Chang behalf
OF both the Government ana The company wa ,1N",9 ,
to the latter The company at iirs elt KIM W cn ,
vanity In Its newly acquired Importance ~ was uolcI
mined that no foreigner should be- employed III any
prominent position. Tong King Sing, one OF te most
enlightened and liberal men In the Empire was me hist
realize the necessity OF foreign assistance III e man
agement Ii was finally appealed TO- and consented that
Mr.. George A. Butler should be appointed ilah.srf'
nonay under the direction of three Chinese directors
The result that the stock which was AZ Az Fer cent
discount. went up TO 100 per cent premium me mrs,
year after the change the company made 81 0n an
the second and third years eacn about SsUOooo Inns
included three years from time in 1879 to sometime
in 1852. when Tong King Sing accompanied by his man
ager. went on a mission To Brazil. .,..
so MR. a n%G as III. ceer ns been lie
the son of colvred clergyman IN Washington ana was
to France and GernaLy to ne educated where ne
improved his time well that he became master OF
French German and Italian which he speaks nnenI MY
tongues He attracted the attention OF the Hon Arson
Burlingame who brought him to China as his private
return and into the employ OF Russell Co.. where
he remained III In Q" Of the Snese
Merchants COMPANY he had almost Soe eon'I h rout
away away Nth his chief the company fell entirely into INC
hands of natives by whom IT was brought TO the verge OF
bankruptcy The brazilian visit to further scheme
OF The company. which contemplated building several
steamers OF 1000 tons burden each: which should go
Mauritius and Senegal on the way. They we're to take
emgrants from China IT, Brazil cerSS OF r bra rern
thence BY the snez canal bringing se aGhS por@a
fastened home
DOWNFALL OF AMBITIOUS SCHEMES
The company during its brief existence had taken some
ambitions flights It seemed determined to drive
foreigners out Of China by occupying all avenues OF
labor. II erected fine buildings for gasSwoTks
which have never succeeded. because they have not
found sand suitable for gassmakiDs. II got ont some
fine machinery for making cotton cloth, which Is now
ru.ting ont because the mill which it offended TO
occupy has never risen above the foundations Some
coal and iron mines opened, which may yet be |
pronably worked, and insurance company was |
established which had the prime advantage of insniing
the company's cargoes monster dairy was also |
started, with what object has never plainly appeared
When the steamers wlarvcs and other property were
sold the companics that had been formed TO carry
these various industries retained them all with the prop
erty they had accumulated Ii Hung Chang In behalf OF
the Government aud OF he company signed the deeds
Two problems have since presented themselves for
solution. the transportation OF Chinese troops ana the
carrying Of the tribute rice to Pc King. The Chinese
Government has positively no means OF taking troops
from one place to another. 1t has neither ships nor
railroads when IT desired few days ago to send |
endorsements from gha to Formosi no better plan
od he DEVISED than 10 mi them without arms
forms into British ships ana send them ont under the
British far to he sunk Icy some French cruiser AS
the tribute would IMAGINE It might he taken ny
Russell A. Co In their vessels. unless war was declared
in which it could not he taken at all Russell go.
have been careful not 4" send their steamers any
where where the sight OF them wOul annoy the French
and II is possible that even II warts not decarc thcy
may prefer sand rice in per ships than thelr own 10
avoid trouble. As for returning the steamers II Is not To
he thought o. The sale was genuine ana the record IL
nearly S7OoO0UO for some wcn,y-sevcn steamers ana
the river. Mr. Dotring VINO was conspicuous ~ lr,.oa
tatmg thclatc Frauco hlnese treaty loped to ng the
of Adanson Bell Il Co. aud Jardnc, Mathewson a Co.
cndcayored tn perform the same knd ~ Once lnr th.n-
Uutler the French who first felt rrltatcd. seem Ia
have lost all bitterness and those who would glal nave
colullgu, Americans naturally plciscd 10 see tcr
flag once more prominent I'm these w@tors
INCIDENTS or THE SITUATION.
The American ships Trenton ard Juniata have
dropped down below the Woo sung bar fearing that II
they did not get oyer during high tides they might not
lc able to escape should they be needed elsewhere
II IL not known who the ten American officers are
whom the yccroy Chan Chi rung IL said To he about 10
place I'm CHARGE OF his military school at Canton.
Lieutenant oil the Palos has been mentioned IA
one He is reported to have resigned. but Admiral
Davis has no official notification OF his resignation ana
doubts its acceptance ut Washington lie threatens 10
make oinc formal inquiry into the matter. Lieutenant