The Emmett index. [volume] (Emmett, Idaho) 1893-1925, 1897-02-06
CHINESE ARE THRIFTY EEL,
Start In business on Borrovsa ~
and Always Repa~ g.

Start In bustness on borrowed r. H.,
and Always Repay the Lo.n
"In some respects the much-attu.a
Cinnamon said Hong Sing LoneI on
OF the Interpreters and general b..
Of the Chinese Six Companies 10 aIs,a-
reporter, ARE way In advance q, 49,
ordinary workingman, and part,culor,s
30 In regard TO their Ready Money A.
ISOLATION"
Hong Sing Long spends most % ~.
time in New York, though ba v,s,.s H.
Washington several times each voa~
He Is an educated Chinaman and No..
had the advantage Of several vaars
Harvard and besides has been graas.
ated as a lawyer.
with the exception Of one. all Of tho
Chinese laundry places In this c,tv ore
the result Of the Ready Money assoc,o
tons; that is, the money necessary 20
start them came from the Ready
Money. The plan Is not unllke me-
building associations, which I am toId
have quite clientele here and which
were originally started In Philadelnh,o
The Chinese plan is to start Ready
Moneys as often as a party of Chinese
find they have any surplus monev ON
hand. the idea being to keen the monev
moving along. 1t is the custom NJ tho
laundry boys, for Cinnamon always
speak Of each other as boss. TO gather
about on Monday, that being their Off
day. and gossip. All who have snare
money put 1t in a pool and authorize
some one to keep it personally as a
deposit in bank. As soon as the pool
gets any size the word goes out and il
IS sold to the largest bidder If there Is
more than one applicant for IT.
AS general thing there Is but one
applicant and he gets 1t, at a rate Of
interest agreed upon. 1t starts him in
business and in few weeks be begins
paying back. Now and then there Is
no demand for the money. 1t then goes
to the cities where 1t is needed. Just
now the Cinnamon are starting laun-
dries in number Of small towns Of the
South, and my errand here now Is to
get some of the Ready Money funds to
be advanced for that purpose.
'Safel Perfectly safe. The ciyiliza-
ton Of the Chinese is no new thing. II
is 5000 years old. They have found
out that honesty is the best policy; not
on account of the moral or religious
question involved as you understand II.
but on account of the business PROPOSE
ton involved. Honesty is best because
it pays. as for many other reasons. In
business dealings Chinese are very
strict. much more strict than any other
people
"The Chinaman knows that If he Dor
rows he must pay back, and that the
consequences Of not doing so are very
serious, much more serious than It Is
with Americans or Europeans. He
knows this before he gets the money
and does not take it unless he means to
pay back. The man who acts as secre-
tary Of the Ready Money is also the
tAN"obAtis Aic ldiA1o pretty FOob Cdit "
give a good account Of his stewardship
for his happiness depends upon his con
duct. The Chinese Ready Moneys fire.
quently close up in a week, though or
dinarily they last longer. Each trans
action is a separate one. A man may
be a member Of dozen or have all OIL
his money In one.
THE great advantage of the Ready
Money is that it gives everyone wht
wants it money to open up business fol
himself whenever he sees the oppor
tunity. There is no waiting-no secur
ity is needed except promise to pay
The payment never fails. except TO
good reasons. such as accident or sick
ness. In fact. 1t does not pay to fail Il
= pay, for it will cost more in the lonl
run. When your civilization is 300
years old, you will know more than yol
10 now, and viii understand things tina
now seem to be wonderful In u.s.
Washington Star