The Dawson news. (Dawson, Ga.) 1889-current, 1902-06-04
CHINESE BANK IDEA LIKED.
CeIestials in New York Say the
Institution Would Succeed.

Chinese merchants of New York city
are much interested in the news which
comes from Vancouver, B. c., that
Chinese reformerS are about to estab-
lish banks in the Chinatown districts
of several cities in the United States.
The plan was first preached when
Huang Yu Wei, the energetic reform
err. visited the Pacific coast two years
ago. He was forced to leave the coun-
try before his plans could be carried
out, owing, it is said. to the arrival of
several highbinders who were commits
stoned by the empress dowager to Kill
him. During the Boxer uprising and
the resultant trouble. In which the al
lies took part, Huang Yu Wei kept
| in the background.
The reform party in China is now
| gaining strength every day, and Huang
| is said to be in possession of cOnsidera-
BILE funds. He has always desired TO
gain some hold over the Chinese in
| America. many of whom lean toward
| the reform party. and it Is said that he
| believes the chain of banks will give
Of the banking system. according to
| the accounts which have reached New
| York. will be ut Hongkong. The first
/ bank will be established at Nancou-
| ger, where there is II large Chinese
population.
There is TO regular Chinese banking
! house in New York. though there are
In Iln nc.
counts. Most of the business goes to
| the savings banks in the BOwery. The
| Chinese who get rich in this country
! seldom invest in real estate, and the
stock market is entirely too involved
| and uncertain to claim any of their
| profits. They keep most of their wealth
| in cash and are content with the inter
| est which the banks pay. The poorer
| Chinese deposit their savings with the
| merchants, from whom they receive no
interest. They are glad to have their
| money In q safe place and promptly
| available I'm case Of need. Considering
| the number of'Chinese who leave their
| money without any particular security
with the merchants of the quarter the
| number OF cases in which there has
| been an attempt at fraud Is very small.
| The Chinese merchant who would VIC
| late trust of this kind would be driv-
| en- from the quarter as Il punishment
| for his breach of faith.
4 great deal of money is sent to Chi
ma every month by the merchants and
F., other Chinese residents. This exchange
would be the principal source Of bust,
ness for a local Chinese bank. 1t is
now handled almost exclusively by the
express companies. which issue drafts
| on HonSkong. Chinese bankers have
established reputation for honesty
| throughout this country. and if the
| prospective New York bank is estab-
| lished on a solid basis the Chinese say
| it will surely succeed.
! The healthy old man wears his gray
| hairs like silver crown. w hat if he
| be threescOre and ten if .there is still
| fire in his eye, tirmness in his step,
CON mand in his voice and wisdom in
! his counsel? He commands love and
| reverence. Yet how few wear the
mantle OF age with dignity. Dim eyed,
1
| childish in mind, they "lagssuI ertiuous
on the stage" dragging out the flag
end of life in a simple existence The
secret of healthy old age is a healthy
middle age. The man who takes care
of his stomach. who keeps his body
| properly nourished. will find that body
| does not fail him in old age The
great value of DR.. Pierce's Golden
Medical Discovery lies in the preser-
walton of the working power of the
stomach and other organs of digestion
and nutrition. From this center is dis
t"ibuted the nOurishment of the whole
body, the salt from the blood, the lime
of the bones, phOlphates for the brain
and nerves. \ sound stomach means
a sound man. A man who keeps his
stomach sound by the use of Golden
Medical Discovery" will wear the
crown of gray hairs as BELTS a mon
arch, with dignity and ease.