The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-08-11
GOLD CURRENCY IN JAPAN.
After Oct. 1 Yellow Metal Will BE the
Standard of the Country.

SAN FRANCISCO, Aug. 10.-The steamer
Peru arrived to-day from Yokohama, via
Holg-Kong, with the following Japanese
advices:
There is no doubt whatever that from
Oct. 1 next Japan will have a gold cur
rency A circular issued by the specie
bank announces that from that date it will
pay gold for Bank of Japan notes. The
Osake mint is very busy at present minting
new gold coins, the twenty-yen coin being
struck FIRST. The project is to mint 10 900, 00U
yen worth Of subsidiary coins, including
tifty-sen coin, within the year. In order to
expedite the issuance of the new coins the
usual summer vacation Of officials has been
dispensed with.
The publishers and editors of the Toxic
Nichi-Nichi Shimbun Chuwo Shimbun and
Toxic Rhymbun have been condemned to
Imprisonment for one month and to pay
a fine of five yen for insulting the min
lister of state by the publication in their
papers of the famous Song OF March,
The japanese government has decided to
abolish The export duty from the commence
ment of the thirty-frst financial year-thar
is to say, from April 1 next. Although the
budget for that year shows a deficit of
revenue, the decision has been made with
the view of encouraging the export trade.
The amount OF export duty estimated Ill
the budget of the current year is 2,269 IT'S
yen, but in view of there being an increase
of some 100000 yen in customs receipts
from 1899, when the new treaties become
operative, and of their gradually increas-
inG, there will be no difficulty, even though
the export duty be abolished.
The Japanese papers are unanimous in
approving the principle of a supposed SUBJ
mission of the Hawaiian difficulty to arbi-
tration. The Mainichi, commenting on the
annexation question, says: The reason
why Japan made a protest as soon as the
signing of the annexation treaty became
known is that she has done simply out
of friendship, so as to make known her
tiations are opened. From the reply of the
United States secretary of state 10 Japan's
first protest it appears that the deter1nina-
ton of America on the subject is very firm.
The japanese government, however, has
not relied on the attitude of other countries
from the outset and this policy will be adj
hered to to the last
The Japanese Gazette says that there is
a feeling akin to panic at Kobe, which, II
not soon checked, will lead to serious re-
suits. Foreigners are becoming alarmed for
their safety, encounters with coolies are rife
and the spectacle Of foreign blue-jackets
being pursued by mob of roughs is not
reaSsuring.
Piracy is paralyzing business in Canton
delta in the neighborhood of Sal Tsin, a
town about forty miles west of Canton.
Robberies are perpetrated every night and
the inhabitants of this unhappy region are
now in a state of panic,
Kobe is earning an unenviable notoriety
in the manner of collisions with coolies.
The latest case to be given publicity is that
of Ensign Everhart OF the United States
ship Yorktown, who is charged with assault
ing a RickSha cOolie ma med GenSo OkaamO-
to, whom he had engaged at the American
hatoba to take him to the Naka-No-Toky-
wa. In a dispute over payment for the
work after a crowd had collected EVerhart
struck the coolfe and produced a revolver,
and subsequently fled into the house of Mr..
rDrrpr
lieutenant had acted only in self-defense
and dismissed the case. Several cases have
occurred of coolies becoming abusive.
Having offended the King by opposing
the engagement of European military in
structors, Foreign Minister Ii recently ten
dered his resignation, which was at first
rejected, but on the 23d inst Che Pion-
new holder of the portfolio is said to have
already attempted resignation, but without
success.
Drought prevails all over the kingdom
and farmers are anxious for rain The
country price of rice is said to have been
raised accordingly.
Latest news from Formosa is of very
lecting in different parts of the island
awaiting an opportunity for rising. the
japanese troops are buSily occupied in
guerrilla warfare, but are apparently un-
able to exterminate them.
The Japanese tea merchants of Yoko-
hama propose to hold entertainment in
celebration of the rejection of the tea
duty by the United States Senate The
minister. vice minister and other chief Of
fcals of the Agricultural and Commerce
Department will be the principal guests at
the banquet.