Idaho semi-weekly world. [volume] (Idaho City, Idaho Territory) 1875-1908, 1889-08-23
no IN CHINA.


present no national bank |
the proposed American
81 $50, 100000 Of capital,
easure. take the place Of
TX. Tne Chinese. how
thousands OF private
are 400 banks In Peking,
nks In Tientsin, and Can
b and pawnshops by the
be rates of interest are
hort loans in tight times
cent. The pawnbrokers
3 cent. year, or 3 per
III, and the rates OF ex-
one province to another
w. China has no national
~ each bank issues Its own
- are much like our notes,
~ are Chinese characters
- white paper. The only
country is the leash" OF
les from 1000 to 1.500 to
which coin, small as it is,
Ned. The cash is a thin,
y little larger than one OF
erican cents OF a century
lnetimes no bigger than a
has square hole in the
is usually carried In
1D0 or 1000 each. Gold
6ilver nuggets are used in
be purchases, and the unit
the tael, or ounce. One
|ver, or "a tael, is worth
Mexican, and a common
on Is ten-tael piece,
chunk Of silver cast in the
$hinese shoe. Gold bricks
We Of little cakes OF Indian
ese, like the silver, are sub
1anterfeit. The business of
ports, which includes that
Igners with the Chinese, is
Mexican dollars. and each
house has man, called a
does nothing else but count
u pass upon its genuiness.
llnese do all their business
Gners on a cash basis, though
system prevails largely
emselves. They are honest
lealings, and merchants tell
4hey stick to their bargains
ley lose by them. China has
fupt laws, and debtors are
corporal punishment from
TORS By not paying their
lose caste, and are practi-
1j27nmed out of business. 1t is
10 in China not to pay your
nd, as a rule. the whole nation
NJ at New Years Day, which
n February. The result is that
1ever has a panic, and in the
4mine or failure Of crops the
lent sometimes loans money to
NE.
6Rgest of the Chinese cities
6eir stock exchanges, and the
Is sight have seen was the sill
Mango in Picking, a long, low
y lighted from the roof and
nth from 500 to 1000 round
pig-tailed, yellow-faced men,
whom seemed to be yelling at
sof his voice and each pushing
'ers into the face OF his neigh
'hese men were buying and sell
yer dollars. just as our brokers
fall street, and they made more
m all the bulls and bears OF
ork. At eight 0 clock the rate
"a for the day and the news was
aphed" by means of carrier
to the various banks of the
he pigeons OF Picking are large
4 for messengers, and they
rhaps, the only pigeons in the
hat whistle. As they fly through
they make a whistling sound
in the case of a flock, sounds
Whole school of boys operating
stiles at the same time. This
comes from actual whistles
are tied in their tail-feathers by
wners, and the noise of which
away the hawks from them.
curious sound. and | heard il
lines before | could find out from
) it came. They are the tickers
chinese bankers. and they giva
the quotations.
(oreign banks which do business
ia have large capital stocks. and
lay big dividends. The Hong
nd Shanghai Banking Company,
lance. has paid-up capital OF
600. 1t has a surplus of s., 600.
ID its proprietors are liable TO,
goo in addition to the capital.
s interest on deposits OF six
at the rate of 4 per cent, and :
At. per annum on daily balances
IS immense establishment:
'hout the East, and its banking
lee at Shanghai will compare
and appointments with the hes
# Wall street or London. 1t il
ne with a number of other grea
here in China. English anC
capital manages them, but /,
men always counts the none.
,ures up the profits and losses oil
those little boxes of buttons
on wires, which makes up tn,
'e calculating-machine, and upol
all China does its arithmetica
ms. These banks will give yol
on any part of the world or let
exchange and credit, which vii
cd anywhere. Their chief OF
are among the leading bushes
I the East, and they all seem t
liking money. Peking Cor. Chi
Times.
~. ~