The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-08-12

Copyrieht, ~. BY Frank q. Carpenter.
MANILA. June N. 100
- HAVE been looking Up the chances
fer American ca otai in the Phil
n ipptne islands, and I md they are
lsgion. millions 81 dollars could
~ ~ Invested right here IN Manila
and made.t to pay such dividends AZ
would bulge out the eyer OF the stock
hol1ssa with artonished delight
Take. Tor instance the establishment Of
: his American bank with branches IN
China Japan. New York and London
This h country az sooo.ooo people. With
= foreign huriness Approximately sio.epo.-
hAnkx worthy Of notice. These are the
Hsngkong and shanghai bank. the Char
tered Bank u India, Australia and CHINA
and the Rance Espanol-Frlipino. The
0rxt two are British institutions, and the
third II the hank which did the business
q tho Spanish government before the
American occupation. These am pfaeti-
caliy the only banks w the Philippine isI-
anAn.
The british banks have large capital
The Chartered bank IL represented by
about ni.aen.0o gold, ard the Nongkons
ana Shanghai bank by more than nA.me
pn. including the psidur capitals. reserve
Funds and reserve liabilities OF the stock
holders.
DIVIDENDS Rssch 90 Pr Cent. 4 Year.
All ~ shsre hanks are maksns hlz divi-
dcads They do ehsef'y nm exchange. cred
q and discount business. charging hiEh
rates for any and every aecauimosiat ton.
They catch YOU setng end cemlng. and
squerse geod percentage On " every
dosiar that passes through their haaas.
Why Z you should draw siee At one u
those hxnks and spepa sias changing Il
bsek aud forth into SILVER ana sela. hy
0skht tsne " weald probably hsv. d.
miaishca Go nothlns. the bank hssta9 ekt-
en- Nh The whaae a. it's commission s5r
making the exchanges The HenKken9
and Shanghai bank. IN serne casen
sAsfsev for eashlnx sts own bark notes
This l. the cae< with the notes q the
lAeuskank branch when presented al
Shanghai
AZ an evAlenes ~, the profits ~ these
institutions, | have hvrerv me- the half.
yearly statement % the H0agkeex and
Shanghai hank for the six snnnths ending
With lash pscq}nesr tbs figures sre 10
salveg. tee mntsy phaM uss IL see re-
n,asnasr ~ shls letter. Yea have snls to
sitistr tfe anouns3 by twa tn reAuea
them te geld. Tais statement shows taas
shr hmnk m&Ar dNrinx that sss maeth-
after 4eslslegins All bad vr aeuls III asps-
fetal Ftafsfs anauntsnx - more thar SIS
oHNGa This was sn 4 capital Of Sc 900 .
ttsA end 4 snrAna pfoft ~ ~ per cent.
IN six months. cF % % l>es exnt a wear
During that rTgiest the bank ala a bust.
ness 81 more than seae an go IT, aenaSlt~
were tneTs than sc aaAeee, aHd II had
sresllss loans and discounts az marw than
So 9cu.9e0 n nasd Ss@teAs 10 IT'S stock
haiderp adsged almost a sailltcn TO = aew
profit ana loss Aer0unt ana pat away hels
= rilaan &c is reserve fund. which al
ready amounted te tiAessaa. or sl0aa asAg
more thar iss capital stuck
A QBeer Bszs fes tss linses States.
IRIS bank has always made money. hu,
As praats hAvo been materially Increased
slave the Americans came 10 ManaiA by
this business as the branch here, which l.
thr chlef depository OF the United ssatcs
govgrnment, and handles several million
drliavS worth az eur gpVernnsent funds
monthiy. 4, charges the highest rates az
exchange. and does il in such way that
xsnany OF the Americans are praying and
&heeins for an American hank Sach q
oAaA would. ot coarse. have the govern