The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1902-02-07
AN AMERICAN BANK.
United States Citizens i'm YOkO-
hama to Act in Concert.
[Cor. of the Associated Press.l

Yokohama, Jan. 21.-Japan is noting
with some satisfaction the sudden rise
in London in the value of her new loan
bonds which a day or two ago were
quoted at97SA, rise of three and
three quarters pounds. Her war loan
has jumped UP s11z. The rise is attrib-
uted in some measure to, the world
tour of Marquis Ito. The moderate
views of Marquis Ito as expressed in
New York together with judicious
putting in London are believed to have
already gone far to restore Japan to
her normal position in the world mar
kets. Marquis Ito is expected to re-
turn to Japan about the end of mex.
month
The diet. after a holiday recess, is
considering the introduction of several
bills. 1t is expected that as a result of
the victory of the cabinet over the con-
sututionaliStS, a. result due, it is said,
to the Geographic instruction of Mar
quis Ito. president of the opposition
party, the budget will be passed by
both houses. One of the chief measures
contemplated is a revised banking bill
designed to prevent the institution of
wildcat banks.
United States citizens here are much
interested in a rumor from New York
of the possible establishment in Yoko-
hanna or an American bank 1t is con-
ceded here that the Americans suffer
materially for the want of such an in
st1tutiOn. All exchange effected by
American citizens as calculated to turn
to the advantage Of European banks
and considering the amortization of the
American share of the Chinese indemni-
ty and expenses of fleets and transports
in these waters. together with the trans
action of ordinary private business, it is
thought that an American bank under
American law could not fail to be a
sound proposition.
The years reports show that Yokoha-
ma is again taking her old place as the
ny 1p IF To- TI~1 q
honor last year. One of the causes of
the readjustment has been the unusual
1y active condition this year OF the raw
silk trade, a large proportion of which
is exported from Yokohama Since the
production of the fresh article in June
last up to the middle of this month
some 100000 parcels were sold. This is
said to have been the most prosperous
year in the raw silk trade since the OPP
ening of this port to commerce.
The effect on foreign residents of the
working revised treaties has lately been
receiving considerable attention. The
main difficulties remaining between for
eignerS and the japanese government
are in relation to the judiciary systems
and the question Of the right to exact
house tax and registration fees from
holders of property held under the per
petual lease clause of the treaties. This
house tax question is now exercising the
and the foreign prr@perty
holders at all the treaty ports. The Eng
Ilsh and French residents have secured
the support of their home governments
in their proposal to force a test case of
the question
The American contingent however,
seems to prefer to have its rights re-
served by the home government and to
be willing to pay under protest, if nee
esSary, being assured that all such
payments, if proved unnecessary would
be refunded. The German residents are
divided on the question which is to be
brought to head before long.
n 61 x1a11
reformer and revolutfonist, who is now
in Yokohama, recently surprised his
Followers by intimating that he would
henceforth abandon violent methods of
reform in China, would diSband his
secret society of which he is the head.
and distribute its members over Ameri-
ca and Europe so that they might be-
come educated and Inaugural tie a cam
paign OF education. Sun, whose kidnap-
ing at the Chinese embassy in London
created sensation a few years ago, in
tends to return to China when the
ChlneSe court reopenS and is now paw
Ing the way for his return. He is un-
1erStood r. be a marked man in Chimp.
Inc representative of the emperor of
Japan at the Forthcoming coronation of
KING Edward will be Prince Konatsa,
who has twice been to Europe and is
especially well known to the British
royal family. He will be accompanied
by a suite of high officials of the inn
perlal household department and prom
lnent military and naval officers and
viii leave Japan during April.
Key r. S. Toy, Chicago evangelist,
IS holding meetings in Yokohama on his
way around the world. He expects to
take in China, Australia, India and pro-
ceed nome by London, arriving in Chi
cago January l, 1908.
IT,