The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-11-13
TRADE WITH CHINA
Puget sound Men Who Are Naking
Roadway In the Orient.
Porrss nd f,reSon;an

foruaEC OfeSoni9n--
Washington City. Nov. Sit has always
been held that China was a good field for
American enterprise and American money
Americans who seek TO engage in busi-
ness enterprises in China or Japan find
themselves Handicapped by the fact that
all their business I'm the way of money
must be done through English banking
houses English money finds as good in
vestment in China as II does elsewhere.
English capitalists have their investments
in the East covered by the exchange
through English banking houses. BY the
same token Americans find IL much more
difficult to secure footboid In the East
ern countries for their manufactures and
wares although sold as cheaply as those
manufactured in England.
While IL does not appear that tSere has
been any change In the matter OF Ameri-
can banking business II is a fact there Is
a change IN the matter OF American enter
prises In China The son of Minister Dem
by has noted several instances of late
showing that Americans are beginning TO
see that there Is a future for them In the
matter Of Chinese trade and Chinese In
vesfmenf. This has been especially notice
able in the matter OF ship and railroad
building. Upon this line he says:
Among these. the American Trading
Company. of New York. London. Yoko-
hama and Shanghai has been the longest
in the field In addition TO its usual bust
ness OF exporting and importing this COM
pany has recently become the agent of the
Cramp Shiphuilding Company and OF the
Union Iron Works. IL also represents an
American railroad syndicate. and has sub
m:ttsd bids for the building OF a railroad
from Soochow to Chinkiang. and for the
building OF an electric iramway In the for
eign concessions at Shanghai. These bids
have not as yet been accepted During
the past winter this company was also
sgsn; for an American banking syndicate.
and entered into negotiations Tor a loan 10
China. II Is this same company that has
secured a concession for railroad from
Chemulpo 10 Seoul. In Korea. and that has
sold two ships on behalf of the Cramp
company TO the japanese government
Mr.. A w. Bash. OF Port Townsend.
Wash. Is the representative at Picking OF
q wealthy combination of capitalists n
New York. who wish 10 secure railroad.
mining and other contracts in China. The
syndicate has organized q company called
the Americsn-China Development Com
pany. incorporated under the laws of the
state OF New Jersey. Their plans are far
reaching and comprehensive but they
have not yet been brought 10 a sufficiently
definite form 20 justify report thereon
II is supposed. however. that they will
connne their attention TO North China
and that they have nj present no projects
south OF the yangtSe river.
The Bethlehem Iron Works have been
represented In Picking during the winter
hy Capt. Zalirski. T. :. A. retired. This
company wishes 10 obtain orders for coast
aefenses arnsor plates. disappearing guns
quick firing guns. ammunition. etc. and
It's agent also submitted TO the yannen
plans for submarine boats. The yamen
seems nj present slsinciined 70 enter on
naval reconstruction. against which they
are strongly advised by Sir Robert Hart.
inspector general Of customs The foreign
customs revenue Is now almost entirely
pledged 30 pay the Russssn-F-erch and
German English loans Of 2a.eoae taels
A further Indebtedness Of N roesa 'asl<.
on similar terms. would require 10 meet IL
the balance OF the customs revenue now
remaining and would leave China without
revenue from this source for many years
10 come. Want Of funds viii prevent the
purchase OF large feet or great invest
raent in coast defensss.
To another American citizen. who has
recently arrived in Picking on a financial
mission particular interest attaches. This
Is Mr.. Yssng Wing. a Chinese by birth. now
a natursllxed American. resident at Hart
ford This Is the gentleman who in 1872
accompanied the Chinese educational mis-
sion 10 the United States RE has recently
nRsU arGsfe-I 20 fFhfrE TF the emperor 10
discuss with the yAren the practice hility
os establishing national banking system
similar 20 that ~ the United States Sach
= system II honestly and snteEiigenfly car
red cut. could he made 20 relieve China 81
8 great Part OF her present financial bar
asnS ard rat her currency nron a better
footing No difficulty would Re found IN
taking TT several hundred million faeis ~
bonds 10 form the basis OF a banking cir
ctfation. hut u IS not certain chat TIE
money which the government would SO
obtain weoiS be wisely used
Further rrsfence - given the last state
rserss by ihe fact tsaa while In this ceur-
trv Ii Hung Chang gave e great deal 90
attention 20 tnaactsi matters tie had a
lsnw conversation With Secretary Carlisle
ursoy The subject - the United States cur
rerey. and il Is ssown ,hat he examined
80 well SIS he coaR5 into the methods OF the
ITrseesi States national currency
American methods and American Invest
rzentS wcaIa ~ ssGet DC a great deal ~
stimulate trade wtth China Il Is. 81
course. krcwa tEAf anything thar would
Increase tire hszsi0ess with Cntna weuEs he
q Immense advantage 90 the ParsfAr sfnpe
a. he rra6e wstn the orient mus BE ear
rcd ar from TIE Pacific coast I, l. krs~r
.Aaf gress 2sa2 that ~cssaa tS used IN ire
sevescrrae-sf as big Industries, syacA ~ rail-
-aAa exssISs1rg. ship has19sag- ana IN fact
xrvrh4ag ~ modern character ETsuxt az
,,ese~sfsy draw sro-u the outside weird
ard .he Trttet states ccGfd best suCcsv
xzys~s as~aA res arsf "a ts-ra these srprsiex
wcata be- szks= srcrn the Coast states.
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Bra.h. the Nsxnate. Rack I'm Power.