The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1884-02-27
NANCE AND C0TT0N.l
FINANCIAL.


raAN0E fnaniA, ,rid, IL passing over
|nfhai pruElmht ca - Il, SAWS a lotto 10
kpndnn iimus, by "a mania VI spScl l"-
lied tn Chinese Two years aho' hnl
vfsted by the uneasy ppiilch ieellnI hot
ais among tF ldcrN The Clilose az juslF
Tel with sterling commercial qutht y hui
Ae O mm nplarc, lcfsuyeiinW pni = z
5000 uida qualities, AMI No not in4luds
os, Tiey arr mo 0polis hy a long'inhrr-
Instinct, but ihuy produce so VsldotbiiiH
ihcir oiggniIlhOn scarcely rl.s above "a
efV 81 mere 20 Cuiiing, Taty nteA lnlid
pfta'c people. hui When tn 40 los" thctr
D. hey d, IL VITA u yengeGn q. he manila
men ley snccumb hat IA orig ~ VIC
aofdluary 81 cess whl' attended almost
he comp mics winch hsd been rsiaoiihtd
knfop ans ON ihe coast Of chi n, 20 The
zee thought hey 100 wuud h.Ve cim
ana shares which they would sell ut
iieh premium IL was, moreover, nnicl.
III That Chlns was anu IN %. uprne I, rs
san war are of lNs had 50 Tar hu'hei
y Toe CObwpt OF gebmhuuc superstition ~
nab the tel gam Witu 20 10 erected
~ a1ue ~ the pr ncinsl towns, ahd tue NJ
10 SO lai got ~ tired VI lugihg coal Tor
use OF their ars nals ir IN 'hir pn'enual
nits. the pa &c, that iheY ~ last @ m
ed 10 the open ng of ,umi OF ,hvit own h
sea as. Rhlwa, were soOn TO DO author
he tide ,etIn strong Elt,rorls,s OF all de-.
)ous were lau 80 ed-lu no air. IN rny
tbs Lhi i,se won hHys mad u py detry
tleir experience. Ms ot1er y 'Oplo nav 70 40.
On no top OF wat was grhulae wa rtA'a
l1uhant crop OF nogus s1lones IN winch
|un was resi- hu, tn shaic &c ihc ties, anf
Iresult Of the collapse has Dsen pretty wif,-
nd disaster rte river BANK IN Hneu w'th
nshed builiIn y ere I'd for iecnries OF
gu, kinds, conceived L. m.guihcien'
VERY which cannot b, paid for
Sc are some OF the more 10 i'd aud ard b..
hde undertakings. Large Investments IN
es ate iu and ab ut he iorcign s.tiement
haneh Al have fui Their lock-, d up - greet
OF the nos mu svded cash. The enc,i
bis spe II alton, com med with the ihriuk-
Ivaluc OF all com ueTciai products. has cen
rsin the native mo einrv channe \ Dry, ana
ause almost all me Chinese bsnss when
eciy numerous, t. g ose their DOORS Too
conspicuous failure has he That Ola
Known spt cu'ator who has for me two
held gu mules ofrtw FL L. varying rom
10 IA COO bales All whose last usn nruon
Aihe D. ale Of u coo bales OF this COMMODITY -
ldsh 10, G ilat,r, III v lus OF which may DO
Md al El 81 ,0lO. aud on W ich tho Chi-
10 der is supposed To have lost 81 u,tOj.
MAJ was till recently i.puled TO DC
uloisiy rich. He was tho owner OF
pawn shops. mot ieitilo snutce OF
|lts in China, and many banks whose
ihcaiion exten ed all over the cm Dire. The
Eldation of iis vast and cornpllcred business
perh ,ps brine t. II ut som OF he secret
x,
pc n liIil. under TODD ~ Tor isnsrs. The
ain were enUIml rus, iha CHEF d ypo.ltos
hg Ollie n g. and -.uc 'f IN. IN hicy b Ing
properly of the impci iai or p own ia gov
meuts But tho li"e which marks OIL gov
ment ncncy f,m the private funds NJ ths
(ias is not very clear y drawn Hence at
pts are being mad * post facio 10 q nv.r
ATS money Ia o gov rnuent mo ey for tho
pose OF obtain pawn mt Ia fill from lhs
kuli x banks on Jam of deca it,iion. But
L. an nd has
m snaged very gig riy. for tn Question
jes whether government money can BIO
al interest or pu. 10 risk at all.
| whether tn, Official who claims
have sepSIt,sda DO ba sey
,uishment. Aud he rai after all IN ex-
Ig payment TO toe pr, Jude, OF other ciedi-
his attempt may render him liable to ac
Dot TO the g,vernment for sums VI money
u Off iAl IN " lose his mon y twice over
Chinese have no BANKRUPTCY law. and de.
Ser " exposed 70 very, rou.h tieatment at
hands OF his tnfuristtd credltnrs, In cases
re the cred tors srO influential oiiicis s tho
IL Il not f,r the autom attic proh cit N which Is
Irded by the eQuivOcA 81 relations tho officials
be government A,H mater Of feet ~ i'm
ant oniclals become exc. edingly rich. but
|ties being mall aud heir exp, nses heavy,
lie the putty Of their dealings 10
70 b. abave suspicion, the possession
realth 10 ipso 'scto condemnation OF their
Iiuct. The rich. o. men are cosss Qusut-
kriven to eyp dieuts TO c IN seal their wealth,
90 tho ohaclal d.p1i or, with the bankers
not appear openly ~ prosccutrs. IL 10 an
ymalous and paralyslnE state OF hinge, Q
|ernment poor 70 tn verge Of indig. noe, with
u officials l dividually smaastng fortunes.
30 fortunes. how. YER. serve, IN = sort Of IT.
liar aud wasteful manuer, a, v reserve fund
he government ior the owners OF them can
lueczed' On emergencie'; Indeed, without
special emergency, eve visit ~ the ps'ace
IS the occasion 10 b ee iiug tho prov ncial
governor go 0Do In bl-ckmaii The gen.
breakdown OF hut stock en'e.prises era
aud mana ,ed b. Col ie 0 probably rosu Is
moro III more experience, IL brings
more clearly a seriop; def g
6t their ever Accomplishing
hibg really great In the feld Of
nerce or faauce-the incapscity 70 work
lily for Others II Is the same defect wnic ,
ens their civil, nj itary or naval admisis-
hps from attaioing - any poslu Of Inn
ancc Pecula iol ruies from Ihs cmpe ror
% eooli., and la all their undertakings IA.
lluAltsm so strongly asserts itself thai the
\p4 o ordination VI forces reQuir,d to
|6ny enterprise to q success ul issue 10 not
hsble. IL VII, no d u 81. be q great disao- |
msn, to he eniigh encd among them to
bver that thi, faint on the char icier OF the
|le 10 indeliplr, and tina. ~ much as they
pvertL sle.s, 10 forel ners they must apply
rgsnixs the resources OF their coun ny,
Eder by means OF railways. s'eamboats,
y. or any other form uf combined effort
g success depends OH tn, Certainty tnat
man will do h's du'v