The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1909-03-02

p hARDWAKE q ~ -
9 per cent. The paid-in capital OF
such banks amounts to more tfa'i
1922, 900, 600.
New Corporations Of Japan.
1t must be remembered that an
these institutions have been esta pl,sn-
ed within q generation. japan kne"
practically nothing Of corporations I'M
til a few years ago. and the peopte
are still afraid of them. Marqnis MI
sura, the premier. who originated the
new financial policy now startinS'
saws he wants combinations OF ca pr
tai, and the bigger the better. Barcn
Shibusawa, one Of Japanrs mnltl-nil-
lionaires, who WIS instrumental IN
starting some Of the flrst c1 sucil
ready duintupled the value of every
Japanese industry aud have Increased
that Of many t~wentyfold. He believes
the future Of the country zdepcnuS
is ~oryanizing. There was a big era
Of such Speculation at the close OF the
Chfna-Japan war, and a similar one
has inst passed. During these periods
there were many Oyer-caPltaIzed COM
pa MES, but most OF them have gone
to the vs,il. and the greater part OF me
CORPORATIONS now in existence are pay
ing dividends. There are now nine
or ten thousand different companies
with a paid-up capital OF more than
$500, 00O, 600.
The Electric Roads and Their Divi-
dendS.
There are electric railways in the
larger cities. These have n capital
Of almost $40, 600. 900. In addition
there are other companies, organized
but not yet in working order, with an
- ~o1>n n0 IA nnrf{n1 Of ny,or S1 \ ann 06t1
The electric railway business is in its
infancy, and it Is susceptible OF great
development. The Toxic electric
tramways paid s Il per cent divi-
dends last year, and the line from TO
kio to Yokohama paid more than II
per cent. The Osaka-Kdbe line yields
dividends OF II per cent, md there
are other roads which ar aging
from 4 to 8 per cent. All these lines
are overhead trolleys and the service
is good. The car are crowded. In
those Of Toxic it Is often Impossible
to get q seat during certain hours,
and, as usual, the straps ala IN paying
the dividend. You can get more. Tor
your none on the Toxic street cars
than anywhere else I know. The fare
is eoual-to two of our cents, IN tile
system of transfers is such that one
can ride over thirty-five miles Of
track for that amount.
Government Railways With One-Cent
Fares.
AS to the steam railways, the most
of them are owned by the government.
More are being acquired. and in time
the Whole OF such communications will
belong to the state. I understand that
the government railways are p.4yirag
and hat the profit last year from
them was almost $40, 100000 This
of the lines and still yield a small
SErOllS During nv STAY IN Toxic
I talked with Baron Shimpei Goto. the
imperial minister OF communications.
He thinks there is Nc doubt that the
roads will eventually weld a large
them, and he tells me that japan
needs 5000 miles more. Iie expects to
broaden the tracks and standar1i.e
the equipment and to greatly improve
naturalization Of the roads, and says
that government ownership is a neces-
sity in Japan in order to
o~Vercharges. The government roads
have cost s115.on0:o0o. to build, and
when the oar issued for their pur-
chase is. paid it is estimated that they
will yield the state s25. 900. 900 and
upward a year, In my talk With Baron
Goto | asked him whether Japan could
afiord to carry its railway passengers
Tor z cents q mile. He replied:
w are doing better than that. Our
passenger rates are about / la cents
q mile. and our freight rates ara
equally low. Our rates on the aver.
age are lust about half those Of the
United States"
Baron Goto SAYS thai the traffic on
the railroads shows that the business
conditions are improving. He referred
to the fact that we had last year some
thing like 300 900 cars idle on the
American tracks. While Japan had
more freight than it could handle, and
rs s.alions are nov fined with goods
awaiting transportation.
Ship Subsidies Which Pay.
Baron Goto says that the sh,nn;,-
interests are doing Well, and that TIE
subsidies are paying in tfe.
increase OF foreign trade. Japan has