The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-06-29
THE PASSING 1HRONG.

AFTER ga absence OF about three and . haaf yeafs
lie wss formerly . partner o. Nah Caony ana
10 now member of the firm Of ocnng chong q
Co He owns the triek nsock Washington
street in the rear OF the Pta5ix hotel. besides
other vainable real es;ase. He wen: over 10
China for the purpose OF enSazing IN railroad
bulldog. IL which subject be became interested
through Engineer Jane, IL Watson He
hAs spent most OF the time dasins
his ahseScc in his native province OF
Quang Tang. OF which IN. capital
IL Canton He proposed to tuiid line
OF railway from Canton westward 70 form pars
OF Al elaborate system Planned by the governor
OF that province. who, Gee Hee says. Is very
smart man. But Il Hung Chang. the great
Chinese minisser. wanted the railway syssems
OF the empire 20 start from pekine. AID he pns
stop to the cansoa system By removing the
governor OF that p.ovirce 70 another and more
reisnfe province. He also opposed the buicire
OF railways 10 any extent With foreign ma
terisi. Il bssng his design to foster the iron
making industry by developing Chsna's iron
fields, smelling the ores and making their
own steel rails and ell other Iron manu-
features now imported. For this purpose he has
American and English specialists in those lines
engaged in teaching native Chinese many OF the
processes used among white people. and several
parties are out prospecting the various iron ana
coal fields OF the empire. OF which II has several,
- well a. valuable gold. silver and copper de-
scheme ruined several wealthy speculatoEs. who
thought to acquire still greater fortunes out OF
the enterprise. One OF the largest Canton
bankers. who was deeply interested In the gen
srai xyssem projected. thought 10 try the
experiment OF building up . city OF
his own - the great terminus OF his system
short distance from Canton, and leave that city
ont in the cold OF make 1t give him adequate
inducements to rel:nQuish his scheme He
accordingly invested several million dollars In q
tract OF land not far from Canton, where he pro-
posed 10 build up the rival city. He discounted
the future By buying largely on time and when
tho scheme was knocked ia tae nead by Ii
Hung Chang he was utterly ruined. Gee
Heethen turned his attention to electric
Light plants and formed . native COM
pany for that purpose and erected . plant
in Canton. Their capital 10 3l50. 600 and they
have comparatively small plant, which 10 now
losing about 500 . mouth. The company en-
ploys al American expert to teach the natives
how TO run the plant aad pays him $500 month.
1t 10 proposed. however. to enlarge the plant
and Gee Hee will endeavor to raise about $780,.
90 more capital for this purpose among
the wealthy Chinese OF this country. Gee
Hee expressed himself - very much aston.
isned at Seattles growth since 10 went
away, and says that America is . much better
country TO make money in than China. His
family accompanied him on his trip. aud his
wife Visited her parents for about year In the
country south OF Canton. His older sons are
now in school in China. and when they hsve
reached the age OF q he proposes to bring them
TO this country to finish their education. His
younger children he brought homs with him
although It has now been several weeks since
Mr. Cannon closed his bank" said W. A. Mears,
OF Spokane. last night 1t the Rainier. 'thcre
has not been the first legal step taken by the
depositors TO collect their money. His doors
l. T. A-yA
matter over with him. His assets, II they were
easily convertible. would enable him to pay
his debts five times over, and he says to his
creditors: Il am worth just a. much now ~
Was before closed the bank. II you want to
trust ne still further I'll give you my note at
per cent. interest. or I'll give you real es,ats at
just ons-ha!f what II sold for Q year
ago Throughout the entire trouble Cannon
has not lost . friend. Just to show you The
irony OF fate. will relate one circumstance.
Nj Cannon 10 interested In the portage rail-
road around the dalles Of the Columbia, and
has invested considerable money ia the enter.
prise. He bought the cargo of steel rails OF q
ahip which sunk on the Oregon coast not long
ago, had the ship raised and was going to use
the rails on this railroad. expecting to recoup
himself when the bonds were sold. The nego-
tiations for their salc had all been completed in
Paris, when the lnancier In charge of the matter
there was arrested in connection with the Pan
WcrC D4RuU
all over again in New York and the deal had all
but been closed, when prominent banker Who
had agreed TO put the matter through said one
Saturday morning: We'll, now. I've got some
other business to attend to. aud viii juss post
pone signing upon tais matter till Monday
He went home aud dropped dead on his plsHza
Again the negotiations were under way whom
the preseas siYingeney came on the rket. and
the bonds are not get so d. Again Mr.. Cannon il
forth owner In tie water power system Of
spokane. ana three years ago, just before the
Barring failure, had the property all but sold
for tsoo.ooo The great Barring bust-up knocked
that scheme in the head also. Now. / fancy that
ali over this state there arc many other enter.
prises the promotion Of which has only been
suspended pending settlement OF the money
market, and when that time comes better times
than any yet seen Ia this country Will b. felt In
Washington"
X. sykes, capitalist of Manchester, England:
T. b. GFoat, of q. Paul. land and immigration
sgeat of the Northern Pacific railroad, ard Nell
son Nes,coit. mining man Of Santa Rosa, Cal,
are in the city. stopping AZ the Northern. They
have been Up Ia the noun: aims looking at some
mining properties with q view TO Investment
A. Mcdonald, of Granlls Point. Is in the CITY,
He Is looking forward To the time when tho
huge mountain OF granite On his place Will fur.
nisn building aud road max ne materials for the
cities o. the Sound.
Mrs Gamma Poucin ana soI Claude leave
tomorrow morning for Chicago to visit the
worlds fair about one month, and before fe.
turning TO Seattle Will MAKE q tour Of Europe
Among those who LEI. for the Worlds lair bv
| tie Northern Pacific yesterday were Mr. aud
Mrs j A. Could. Mr.. ana Mrs Ellis Morrison
and ia mIly and Mr. G. H. Hi.is
PERSONAL.
Luther Wagoner OF Rapy In ston,i,~ ~ 81.