Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-03-22


throughout the Chinese empire and VIII
have their share of China's commerce
There are Japanese steamers doing a
regular carrying trade on some OF the
Chinese rivers, You can have your
houseboat towed through the canals OF
Kiangsu by Japanese launches and can
go up the Yangtse kiang or the reno
on steamers owned by japanese.
The Japanese have had considerable
trouble with the FormOsan saVages
who live In villages scattered through
ont the mountains. These people are
much like our wild men OF the Phillp-
pines. They live by hunting and ish"
ing and a little agriculture. Some Wiz
lagos have small farms about them
A few acres are enough for 100 people,
each family having Its own plot. Uhe
men are head hunters not unlike those
Of Borneo. and Il is said that man
cannot marry until he has brought in
at least one head,
The Chinese are the game OF the head
hunter. He sneaks up on them while
they are ut work In the fields and
spears them to death. After this he
cuts off the head and goes home re-
joiclng. The tribes are continually war
ring with one another and the Japan
csc soldiers have to conquer them tribe
by tribe. so Ear no great progress has
been made In civilizing the people,
am told that Formosa has rich min
trails. Coal Is found in different parts
and there are evidences Of petroleum,
Not long ago some Chinese employed
two Pennsyvanians to test certain oil
fields. They sank a shaft, but their
drills broke at 300 feet from the surface
and so far the work has not been re-
sumed,
WHERE JAPAN GETS HER MONEY.
The Japanese are by no means pow
erty stricken nation. They have many
millionaires among them and they are
gradually building up great financial
institutions which will enable them TO
compete with us. They are good imam
ciers and their banking system Is mod
eled on ours. Marquis Ito, who or
ganlzed It, came to Washington and
spent some time studying our govern.
ment finances and then went back and
formulated the policy Of the empire
| Today Japan has paper currency
which which Is at par with its silver,
and the country Is nomlnally on gold
basis II has one bank which acts as
| the agent Of the government, having
| InuNu Nllt Ntliit pldit H'AN Ao NhN DNhN
| of England in Great Britain.
| This Il the Bank Of = span. IL has
| a capital OF 10000 900 yen, divided into
| 10000 shares, and its dividends range
! from Is TO l6 per cent per annum, The
shares are all registered and can be
| owned only through the consent Of the
! Japanese secretary Of the treasury. The
| bank has a half billion dollars Of de-
poslts and It's loans amount to about
| $500, O00.O 00 Its bank building In Toxic
cost more than million yen,
Another large bank Is the kokuritsu
| Ginko, which has a capital of about
| S24 900 900 In gold. 1t has deposits
amounting to about 100000 900 In gold
| and loans OF more than half that
| amount The specie bank has capital
OF less than So 100000, but its deposits
amount TO $50, 900 900 and Its loans run
high into the millions.
IN THE TOKYO STOCK EXCHANGE.
I have spent some time In the stock
exchange. watching the japanese bulls
and bears, The exchange Is right In the
! heart of Tokyo. II Is a three story
! building. more Ike o great barn or
warehouse than anything else. II has
a cement floor and about the walls are
great galleries, As you 20 In you have
| TO take of your shoes, and there Is a
room at the right Of the entrance where
! the brokers check their clogs and where
| they are given straw sandals in eX-
| change Everyone in the house dresses
| I'm gowns. although some OF the more
swell brokers wear oyercoats as wei.
When I entered the exchange there
were at least 100 Japanese yelling and
| pushing each other az they crowded
| this was and that. betting on the var
| inus stocks They were all bareheaded
| and their hair, stuck out like the black
! bristles on a shoe brush The sleeves
J OF their gowns were loose and their
| arms showed bare TO the shoulders as
they swung them and shook their fists,
shouting their bids, The almond eyes
were full Of anxiety and their mouths
of noise. | was interested IN the signs
which they used in bidding. Putting
up one finger indicates an advance Of
| 10 cents. two fingers 20 cents, and o
closed fist 80 cents.
The president was an old japanese In
| a black gown, embroidered with a
white coat Of arms He stood on ros-
trum In the rear OF the chamber and
directed the selling, The quotations
were written IN japanese on black and
white strips of wood. The white strips
gave the face value Of the stocks and
the black strips indicated the selling
| prices.
The president tells me that the stock
exchange has a capital of million
ven. and that II is now paying divi-
dendsof % per cent He says that seats
are worth about $4,000 each, and that
the daily sales approximate $4,000
shares Most OF the business is small.
There Ia no such watering of stocks as
IN the United States and the result Is
that some shares pay high dividends.
| The Tokyo tram cars. for instance, pay
/ 81 per cent the Yokohama iron works
| o per cent and some other stocks
' snuallv we'll