Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-06-02
cpINA NEEDS MONEY.
America and England 60 No Exploited
Tor AId.

Tor Alus
NEW YORK, June 2.-The Herald
this mOrping publishes tne following
correspondence irsm Shanghai, dated
MAY 1:
Cuina isin dire straits for money.
The diversion OF the steady and always
Increasing revenues OF the imperial
maritime customs, which In now mort
gagged TO the iull TO French, Russian,
Engllsh aud German bOudholdoTs,
from the imperial excnequer TO pay The
interest on the various foTelgu loans
has crippled the revenues OF Poklni
until the Imperial nnanciors do not
know which way to turn ior money.
The government IL therefore casting
about for another loan ana ~ there IL
no hope VI raising 70 from the Chineso
capitalists or people, who have no con-
ndenCo Whatever Ia this government,
the latter Ia forced once moro u turn
It's eyes to foreign iiol1s. Win bhauel
and kunsu ovoifun by the MOham-
IN, dams, Manchuria reduced to poverty
by tue war which necessitatrd the ab'
tOghtion Of all taxes for q year when
the Jarsnuso leit II; with tho rich ~.
land OF Fufmosn annexed by the visi.
tore, and the wealthy provinces Of
kiang Tuug anu kiaug Sc Ia more or
| lees 0pon rebellion there has been a
most serious drop In tho imperial rev.
enues, the emperor has lately sane
| tUnBi tine establishment Of regular
postal syslom, upon the Engliah model,
al over the empire, which hc has
nlhced under tho control Of Sir
| RIbort Hnrl, the Inspector gen.
yfhl " custOniu. This is nothing lew,
but simply this revival OF a very ola
anu much discussed scheme In China
and IL adoption 10 sail 10 be- due 10 the
recent tfantlAliou u tIe British post
master gUuofalb ~ 4Inl report, show
ing that Great Bfitalu last year earned
net profit OF more than g., OOO,OlO out
Of posts aud tolegtaphs, q II thb Chi.
nuso IN the Tauug III Yamcu, f0nily
Imagine that they have only 10 sstab-
llsh y postal system under Sir Robert
HaTta management u accomplish
equally profitable results. Tlcre IRE
many circumstances however when
render II exceedingly Improbable that
any pyont will ho ieaped. IL 10 not
proposed 10 commences the work ut
once "a there sto many grave uiillcul-
ties peculiar 10 Chinese condition Of
life that must DO overcome nTbi, AMI IL
will probably be- many yeats before a
national postal system shall be etlab-
lishsd throughout the empire. Under
these circumstances u IL no. 10 b.
wondered At that msny Chineso be-
lieve China will have 10 make pp the
deficiencies In her revenues In another
way.
a great scheme OF national banking
Il expected 10 develop Ia the near ia.
ture and tho Chinese turn curi0usly
I a IN La. a e..
help them. III Hung Change pATtic.
ular foreign guide, philosopher and
friend, Mr.. Louis Spitzsl, who has In
couple OF years won extraordinary
cuniidanoB from III AMI Otuer high
Chinese officials, TO whom he
sold many cATRoos Of guns aud
ammunition during tho wHT, In OF TO
tho United States ~ counsel with per.
sons there who know CANA ana the
details Of the scheme Aud 10 open ne.
gotiations WITH American End British
capitalists. bpiiEel Ia thtewd bual-
mesa man anu u backed by an iuiluen.
tiSl group Of Hebrew finAnciUrs Ia
England and on the continent and he
would probably not be foolish enough,
like several previous American imam.
cler6 who have almost had tbs plum la
their mouth, 10 let II fall out again by
attempting TO "blow" too hard, 5pilzsl
has his onemieA who arc Jealous OF his
extraordinary influence with the Chi
nose, particularly with Ii, ana no no
doubt viii be- attacked from nil sides AZ
soon NJ It IL known that he has tho ear
Of tho Chinete, and II IL believed that
no Ia secretly commissioned by Ii to
exploit America and England for
financial aid for China.