Omaha daily bee., 1902-03-23
Carpenters Letter
Continued from Tenth Page.)

~ "SN'
stricken nation. They have many million
aires among them and they are gradually
building up great financial institutions
which will enable them to compete with us.
They are good fnanciers and their banking
system is modelled on ours. MARQUIS Ito,
who organized it, came to Washington and
spent some time studying our government
finances and then went back and formu-
lated the policy of the empire. Today
Japan has a paper currency which is at par
with its silver and the country is nominally
on a gold basis. 1t has one bank which
acts as the agent of the government, having
much the same place here as the Bank OF
England in Great Britain.
This is the Bank Of Japan. 1t has a cap
ital of 10000, 600 yen, divided into $50. 900
shares, and it's dividends range from IL 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 $500, OOO, 900 of
deposits and its loans amount to about
$500, 600, 900. Its bank building in T kio
cost more than 1000, 900 yen.
Another large bank is the Kokuritisu
Ginko, which has a capital of about SEA
900 in gold. 1t has deposits amounting
to about $500. 900, 900 in gold and loans of
more than half that amount. The Specie
bank has a capital of less than SO. 600. 900.
its deposits amount to $50. COO. eco and
its loans run high into the millions.
Toxic Stock Exchange.
l have spent some time in the stock
exchange watching the Japanese bulls and
The exchange is right in the heart
)f Toxic II ia a thrno-cforu h,tIat.- -
ike a great barn or warehouse than any
thing else. 1t has a cement floor and
the warls are great galleries. As
you go in you have to take off your shoes
md there is a room at the right Of the en-
rance where the brokers check their clogs
nd where they are given straw sandals in
exchange. Everyone in the house dresses
n gowns, although some Of the more swell
wear overcoats as well.
When / entered the exchange there were
It least 100 Japanese yelling and pushing
ZACH other as they crowded this way and
hat, betting on the various stocks. They
we're all bareheaded and their hair stuck out
Ike the black bristles on a shoe brush. The
leeVes OF their gowns were loose and their
rms showed bare to the shoulders as they
wung them and shook their fists, shouting
heir bids. Their almond eyes were full
I anxiety and their mouths Of noise.
vas interested in the signs which they
lsed In bidding. Putting up one finger
indicates an advance OF 10 cents, two
myers 20 cents and a closed fist 30 cents.
The president was an old Japanese in a
gown, embroidered with a white coat
farms. He stood on a rostrum in the
ear Of the chamber and directed the SELL
ng. The quotations we're written in Japa-
lese on black and white strips of wood.
The white strips gave the face value OF the
tocks and the black strips indicated the
elling prices.
The president tells me that the stock ex-
hange has a capital OF 1850. 900 ven
nd that is is now paying dividends
I 25 per cent. He says that seats
re worth about s12, 900 each, and that the
ally sales approximate So 900 shares. Most
I the business is small. There is no such
OF stocks as in the United States
nd the result is that some shares paw
Ugh dividends. The Toxic tram cars. for
pay IS per cent, the Yokohama
on works rs per cent and some other
equally we'll.
FRANK G. CARPENTER