The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1894-08-18
LONDON. Aug. II.

LONDON, AUX ~,
GIPHE fnanciers of this city Berliu,
and otuer capitals of Europe are
eagerly discussing the proposed
u Chinese loan. Inquiries ma le
AT the off es OF Jardne, Matheson &
Co., pr miu-nt London and China
merchants, aud at the offices Of
the Hong Kong and Shanghai
Bank company, show that the
loan which the great banking irstitu-
tions Of Berlin are said to be fl)tting
for China amrurts tn 20 600. 900 taes,
and not to $40 600 O0O, AS previously
announced uers and in Berlin A tael
is estim ted to be equal to about one
ounce and one-thirl OF silver. or,
roughly speaking. six shillings sterling
or $l40, suppOsiug that these amounts
represent the value OF silver Of the
weight OF one tael
1t is learned that about month ago
China inquired, through the Hong
Kong aud Shanghai bank, for the rdtes
81 which such d 10 TO be made In
silver. could be- effected The bank
m toned immediatelv ff.red to lend
81 000, 600 sterling, or S. 900 600 Jar
uluy, MatbesoL & Co.. who mad also
been consulted iu regard to the pro
posed loan, offered TO lend another
Gl000,0 or az much more as thu
Cniu -e government wouli require
Bui Viceroy Ii Hung Clang declined
bot0 offers at that time, saving thnt
there WAS no immrdi tie need for the
money, as Cuina had plenty to 90 on
with.
Later, however, it became known
that in view of the payment of tine last
portions OF the present 7 and 6 per
cent gold bonds, due at the Hong
Kong and Shanghai bank in January,
1895 and in view also Of the war needs,
Cana desired 20 increase the amount
of her availSble cAsh. The moment
this became, Known syndicate of Ger
man banksjrs was formed in Berlin.
aud their agents at TIentsin W rs in
structed to beiege the vicsroy for an
option on tha loan.
LOW RATES OF INTEREST,
zAus London and other bankers
followed the Example Of the Germau
bankers, aud Ii Hung Chang and the
Chinese ministers uers wers besieged
with Off-rs from responsible aud ire
sponsiOie parties anxious 10 have a
share Of some description in the loan.
As a r"snlt II Is probable that NOR
than Gl00 600 600 WAS offered to China,
and cUus,qu atty China was not in
clined to pay over per cent. fo- the
loan.
There is no doubt that 81 500 900
gold loan will be issusd here rarjy IN
September The loan will problb bly,
consist Of PER cent tbirty-year bonds.
and at least two-thirds of this loan
will be p 'yable to China in silver, For
this loan there is no sp eial security
like the custom receipts, but only gen.
eral faith in China.
The negotiatioDs for the loan have
already ffscted the price of silver, and
some fnAuciers predict that silver will
go as Ugh VS. 80 per ounce. The
hardness OF the silver market has sym
pathetically harlsned the prics Of
copp r.
BERLIN, Aus. 1.-THE Post says
that ne syndicate of Berlin bankers
which met at the Disrouto Gasellschuft
yesterday has received a cable message
fr,m Shanghai accepting the syndi
Gates terms for Gl coo 900 loan.
RECRUITS FOR JAPAN.
Los ANGELES, Aug II An effort is
being made in this city by man who
is said TO represent the japanese gov-
ernment to sscuro the services Of 1000
men to go 20 Japan and help fight the
Chinese-$25 per month, transportation
to and IRON Japan, and necessary ra
tions are promised those who will enlist
Because of the penalty attached ia
work of this kind under the laws gov
erning the treaty with foreign coun-
tries, the agent has made himself
known TO Tut few persons Thost
whom he secures are ostensihly en-
ployed to engage in railroad construc-
tion.
SAN Francisco. Aug. 17.-Tht
steamer City of Peking, which sailed
for Japan and China yesterday, took
away a large cargo Of freight, among
which was considerable -four For
China there were 16 939 barr sls OF flour
4,407 pounds of ginseng, s. cases OF
ca ned fruit, 178 cases Of came ! meats
II $50 pounds Of pearl brley, rs pack
ages OF provisions, and 60 packages o
groceries For Japan there wer- /. 412
barrels Of -four, 10 rolls of leather.
55 175 pounds of compressed cotton,
500 barrels OF corn beef aud 474 case,
OF canned meats.