New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-07-25

ment of Director General HUI Yum Mel. the latter
under Shang Tao Tai.
The private lines so far authorized are the
Han Kueng line. from Hankow TO Canton
valuable concession. which has been granted to
the American Washburn Carey syndicate OF
New-York whose representative A. W. Bash'
spent two years in China without securing any
thing TO find after going home that his syndi-
cate could do in Washington, through the
Chinese Minister WI Ting Flung. what 1t
had failed TO achieve in Picking This same
syndicate also has the refusal OF financing the
Government Lu-Han road. If the Belgians. who
have promised :he money, should fail In their
contract.
Then there is the concession granted TO Dr
Yung Wing to procure foreign capital and build
trunk line from Tien-Tsin to Shanghai. This
line will ultimately be the best business vent
ure in China. but at present Dr. Yung Wing
has had the concession four months. and has
not secured the necessary capital He said he
had thirty million taels of foreign capital and
ten millions of native money at his back when
he memorialized the Tsung-li-Yamen. but his
thirty millions only on paper written
by a missionary. who had visions of wealth to
be gained floating through his brain, and the
ten millions were pledged by four native banks
that could not raise one million.
The latest road authorized is that granted TO
the Russo Chinese Bank, which was signed
in the Tsung -li-Yamen last week This road
runs from ai-Yuan-Fu the capital Of the rich
province OF Shansi TO Chang Ting Flu. on the
Lu-Han line thus connecting with the trunk
line south.
An accurate map. published herewith. gives
some idea OF these existing and projected roads.
SPIRIT OF PROGRESS AWAKENED.
Blu, OF far more Importance than the mere
granting OF railroad concessions, as showing the
spirit OF progress awakened IL the recent In
dustrial concession to the Anglo-Italian syndi-
cate represented at Picking by Chevalier Luz
zatti. This the first industrial concession to be
sealed in the Tsung-li-Yamen with the great
seal OF the Foreign Office. grants to the Anglo
Italian syndicate exclusive rights TO the inn
mense coal and iron beds that exist In southern
and central Shansi with the right TO build rail-
ways and cut canals to navigabie rivers.
year ago famous Russian traveller published
ms observations on this particular Held, which
he Characterized as being the richest In iron
ana . coal Of all spots In the worid; Inc article
was published in THE Kobe Chronicle OF Janu-
AIRY 8, 1898
IL seems the Chinese Government is al last
Swaxenng TO the value OF iron and coal as
commercial commodities. and as II cannot raise
on 'ts own credit the capital necessary to put
us minerals on the market. II has at last
.nroWn aece reserve and invited foreign capital
10 open It's mines upon giving the Government
su0stantiai royalty. The Angio-Itaan syndi-
cate proposes 10 use only English and American
engineers Extensive surveys have been made
aha are now being made. and the reports prove
tnat Shansi VIII In the future prove a
great mining and manufacturing province.
IMPORTANCE OF MANILA
inc Pacific Coast Will In a few years. II
: properly encouraged, be the market for vast
trade with China. and with hold upon the
eastern world such as Manila would give.
America with England could command the
commercial control Of Chinese ports
=" Russia and Germany are allowed TO pursue