davidaulloa/AmericanStories huggingface dataset:
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-12-25
A CHAT WITH SHENG KUNG PAO,
A CELESTIAL FINANCIER
WORTH MILLIONS.

others Will hold on TIL their death.
1t is only from the young that we can
expect much as TO the abolition Of
opium The custom Is already con-
sidered disgraceful. and IL we can keep
IL so. we can get rid of the evil"
How about foot binding?"
THAT will go. too. The better class
women have stopped binding tho feet
of their children. The custom begins
to be unpopular. 1 have no bound feet
in my household, and / am glad to
say that the day has come for the
bound foot to &C."
At this point we had already taken
three sips of champagne. There was
a crowd of Chinese callers waiting out
side. and knew it was high timo 10
leave. As I rose. his eXcellency again
gave me his hand, saying he regretted
he had not had a chance to ask some
questions OF me. and that our whole
conversation had been taken up with
his answers to queries of mine.
FRANK G.. CARPENTER
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-12-25

pie. With a stable government such
institutions will be very popular, and
they would enormously increase our ma
tional wealth. They would make us tho
richest people OF the world, for our saw
ings depositors would be millions In
number 1 should like to see industrial
banks. such as the Japanese have
established in China, and we Shall
probably have agricultural banks"
THE NEW MINIS AND BANK
NOTES.
How about your new coinage?"
There is Il movement on foot to
standardlze it. We are sadly In need
of a uniform coinage. and 1t is bound
to come"
"Wil the unit be the silver dollar or
the tacl?"
Most probably the dollar Many OF
our people have come to know that
coin fairly well, and we like the deci-
NAL system upon which 1t is based. l
think 1t is better than the tael."
'Will China ever be on a gold basis?"
'Tn time, yes: but not soon. I should
like to see ali OF our finances managed
on the gold standard"
How about the new bank notes
which are being issued in so many
parts of the empire? Are they prop
erly secured?"
IT think they are all right now" re-
piled the Chinese fnancier Such
notes as are already in use are safe
enough. and I have no doubt but hat
they will be safe for some time to come
I consider them Il dangerous medium
OF exchange, however. and I can easily
imagine conditions which might arise IN
cnnection with them which would
create great financial disturbance and
possible loss"
THE NEW EDUCATION.
Your eXcellency was among the orig
inators of the new education? You
established the Nan Yang College at
Shanghai. and the Chinese university
at Tientsln. Has modern education
come to stay?"
Undoubtedly so. The Chinese
classics are of great value in training
the mind and soul; but as far as busl-
ness matters are concerned, they are
ethical rather than practical. I want
the classics kept in our schools. but
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-12-25

by the Chinese government is better
than that of any railroad. 1t has all
China back of 1t, and the interest Is
absolutely secure"
But 1 understand you want to bor-
row some millions of dollars to extend
your steel works at Hanyang, and that
you are asking the Chinese TO put up
the money. Why do you not go abroad
for loan of that klnd?"
We do not think 1t advisable Sim
liar obligations which we have entered
into during recent years have caused
international trouble. The men who
borrow the money. in case OF dispute
as to the settlement, are likely to call
In the government to which they be-
long to enable them to bring things
their way, and that without regard
to justice OF right. The mortgaging of
private enterprises and public works
has, in certain cases, given the control
of such works over to the foreigners
who made the loan, and that We cannot
permit. We feel that we Chinese should
control our own mines, and that in
the present conditions of affairs 1t Is
not safe for us to so outside for cap
ital so secured"
CHINA'S NEW BANKS.
Your excellency is connected with
the Imperial Bank OF China? Is that a
government bank"
No. 1t Is commercial institution.
with headquarters at Shanghai ana
branches at Hankow and Pekin. /, mas
a capital Of 100000 taels. over half OF
which Is paid in. The only government
bank we have is the Hu Pu bank.
which has its headquarters in Pekin.
and branches scattered here and there
over the country"
"WM China ever have a national
banking system, such as Japan or the
United States?'
Yes. / think so. although it Will
probably be some time before it can be
established. 1t is one of the crying
needs of the empire, and would be OF
enormous good. not only to the govern
ment, but to all industries"
"Will you ever have postal savings
banks?"
Not soon. But I should like to sec
them established, and they are bound
to come. They are invaluable in the
teaching OF thrift, and In making a
place for the small savings Of the peo-
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-12-25

honor of a member of the bridegroom 8
family. In this instance. however, the
dull hue of the grim memento was re-
lieved by the insertion OF ruby, an
OPAL a sapphire, and an emerald. tho
lnitfl letters of which gems formed
the brides Christian name.
By the advice of a lady on whom his
affections We're fixed. a Liverpool gen
tleman was rash enough to engage in a
law action. Though he gained the day.
the nominal damages of one farthing
left him q heavy pecuniary loser, When
subsequently he became engaged to
llis fair adviser. he had the small bronze
coin that had constituted his legal
award made into q ring, which WAS
accepted by his future wife in tho
same spirit of humor In which it was
offered
LOST A TOOTH-FOUND A HUS-
BAND.
Distinctly novel Is an engagement
ring composed of tobacco. Such was
the present made to his flancco by a
member of a family that owed its
wealth to the possession of extensive
tobacco plantations. The fragrant
leaf. so strangely enlisted in CuPlds
service. was, by subjecting 1t to an
lnduration process, made to assume
the consistency and appearance of
iron, the somber tone of which was
lit up by n single brilliant of consld-
erable value.
To be Knocked over by a bicycle.
even though its rider be a lady, Is not
pleasant: still less so when you rise
from the ground minus a tooth Such
some time ago was the painful ex-
perlence which gained a Brighton
gentleman an introduction to his fu-
ture wife. On their becoming engaged
he made the customary presentation
of O. ring. which took the form of
a souvenir of their Initial meeting.
being nothing less than his displaced
tooth surrounded by a circlct of gems.
FROM AN EGYPTIAN MUMMY.
A grisly memento in the possession
OF the wife of a London clergyman
is a ring made from the blood of an
uncle who was badly wounded while
fighting for Garibaldi and Italian
freedom. DR.. Manini, Of Naples, the
celebrated petrifier OF human re-
mains. attended him during his Ill
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-12-25

MORGAN OF CHINA AND HIS HAND

him IL their construction would be
pushed. He replied: I'VE intend to
build new railroads just as fast as we
can. We need them, and the imperial
government realizes that fact and wild
do all 1t can to aid in the construction
The first roads to be built Will be trunk
lines, connecting the chief centers of
population We must have them on po-
litical grounds, as we'll as for business
development. Railroads are military
necessity to the new civilization, and
to China's holding the place she should
have in the far east and the world. We
need strong central government; and
to that end must be able to send troops
from one part OF the empire to another
by rail. on telegraphic notice. After we
have once built our trunk lines, branch
lines and feeders will rapidly follow
The traffic will be large. and the roads
Will soon become profitable. AS soon
as our people realize that money can
be made from railroad enterprises, there
will be no trouble In raising the capital
necessary to carry them on. So far
they are n new thing to us, and as
we are a conservative people. we arc
cautious about embarking in them
FOREIGN CAPITAL FOR CHINA.
Your excellency was among the first
to advise the government that 1t should
secure foreign capital for building Its
railroads. were YOU not2'
Yes. But that policy became un-
popular. The cry of China for the
Chinese, and for the Chinese alone
was raised, and for awhile our people
wcre inclined to build everything with
their own money and to accept no help
from outside. The cost OF railroad
building however. IS so great and our
people understand It SO little. that
they hesitated to invest, and are now
coming to favor foreign loans"
And, indeed, 1 still believe in for
eign loans for railroad building" con-
tinued Sheng Kung Pao. II think it
Will pay us to borrow the money. and
let the roads earn the interest The sit
uation in regard to such loans has
changed during recent years, In the
past the roads were mortgaged as Sc
curity for the bonds. but the govern
ment is now guaranteeing them. and
the roads, to a certain extent. are free
from such membranes. A guarantee
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-12-25

ness, and on his convalescence present
ed him with a ring made from his own
blood. On his return to England he
gave this to his nephew. then an un-
dergraduate at Cambridge. whose
whimsical fancy prompted him. on
his becoming engaged year or two
later, to uso it as an engagement
ring.
In preference to conventional
jewelers. bauble O well-known actress
selected as an engagement-ring an
amulet that had crstwhilo encircled
the finger of an Egyptian mummy.
An outro choice certainly. but not so
ghastly as was that of young So
clety lady whose lover, at her earnest
entreaty. purchased for her engage
ment-rlng golden hoop that was re-
puted in the course of a couple of
centuries to have been worn by no
fewer than seven murderers-Tid Bits.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-12-25
THE CORRECT TIME.

TO stop cough or cold Is Just as soon
as 1t starts-then there will be no dam
ger of pneumonia or consumption. Just
n few doses of Ballard's Horehound
Syrup taken at the start will stop the
cough; If 1t has been running on for
sometime the treatment will be longer
but the cure is sure Sold by q, c. NJ l.
Drug Dept. liz and ia South Main
Street. Salt Lake City
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-12-25

Foley's Honey and Tar is the best
and safest cough remedy for children.
At the first symptoms of a cold, give
as directed. and ward off danger of
Group. bronchitis. sore throat, cold In
the head, and stuffy breathing. 1t
brings comfort and ease to the little
ones Contains no opiates or other
harmful drugs. Keep always on hand
and refuse substitutes, Schramm-
Johnson Drug Co, Salt Lake City.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-12-25

Salt Lake Photo and Supply Co.
Kodaks. finishing, framing. 142 Main
Street.
Los Angeles herald., 1909-09-03
STOCK MARKET
YET DEPRESSED
SPECULATIVE INTEREST LAGS
THROUGH SESSION
IRON IN ACTIVE DEMAND, BUT
OBSERVERS ARE SKEPTICAL
Prospects for Future Deals Play Part
IN Rise of U. S. Steel Stocks.
Cotton Exchange Is
Quiet
fBy Associated Press.l

NEW YORK, Sept 2.-The stock
market today was narrow with little
speculative interest evidenced. Inc
coming three-day closed interVal-trom
Friday evening to Tuesday morning
emphasized the tendency to qutetude.
News of the day had little influence
on the trading. There was an abun-
dance of testimony to the vital i'm
p1oVement in the iron and steel trade
indicated by the active demand 1or
iron and for virtually all grades OF
the finished product. These are the
conditions foreseen by the chief buyers
of United States Steel, while the gem
eral observer failed to detect the evil
dence of industrial revival and MAIN
tained skeptical view of the pro-
fessed faith OF the buyers.
Not the current trade returns, but
the prospects for the future are what
must be sought in the price nuctua-
tions of the securities, and are what
doubtless played their part in the rise
in the nrice of United States Steel
TODAY to within a small fraction OF
its highest record price.
The small effect produced on the cot
ton market by the appearance or the
government report deprived II OF III
fluence in the stock market 10 some
extent. The effect of severe deterlora-
tion in the condition of the crop was
age planted and also by the hnai re-
ports on last years crop, which IS
shown by Secretary Hester of the New
orleans cotton exchange to be the
largest crop ever marketed in the MIS-
tory of the country -
There was note of anxiety mani
fest in the grain markets, also TO the
drouth shifting somewhat to the rains
In the northwest, which it was feared
might hurt the quality of the spring
wheat harvest. 4,,o
The increase in the dividend by the
Calumet g. Hecla Mining company was
of more influence on copper shares
than the news of the trade conditions
The statistical position of copper is
regarded as unsatisfactory on the
whole. the piling up of stocks ABROAD
Indicating that the rate of productloh
of the metal is still much ahead OF tne
consumption, with small prospects OF
early betterment of prices.
The failure to hold the entire al
vance in prices up to the end OF the
dav was considered as corroboratlVe
that the belief of the professional Gov
ering operations made up large part
of the buying. ,,or
Bonds were firm. Total sales, par
value. S2,270, ,000 United States pohds
were unchanged on call
Los Angeles herald., 1909-09-03
sALT LAKE cITY. sept. 2-Eollowlng ware
The Metal Market

NEW YORK, Sept 2.-Tin was firm to-
day with spot closing at $3O,371a a 80. Sc Il ;
ss0. 601 1880 The London tin market was
Fl higher with spot quoted at f13s Is Sd
and futures at f139 Is Sd. The market for
standard copper was easy and quiet the
change being 200 tons of Dec. at s1290.
Closing: spot s124O0127O; Sept s12.4oQ
1275; Oct. st2.45@12.75; Nov s12.5O9
12.s5; Dec. st250@12S5. Local dealers
quoted lake at $t3@13.37h electrolytic at
SASH @1S1216; casting, l2.75ql3. The
London market closed tseady with spot at
$50 5s and futures at $50 rs Sd Lead was
easy, with spot at s43OQ4371a New York
and s42O@430 East st. Louis. The Lon
don market was a shade higher at f12 l3s
Cd Spelter closed easy at $5.65@5.75 New
York and at s5.5O95.6O East St. Louis
London higher at f22 l2s 6d iron
was unchanged at SIS 41ad for Cleveland
warrants in the English market. Locally
iron was steady.
Los Angeles herald., 1909-09-03
Los ANGELES STOCK EXCHANGE

Sales on the exchange yesterday were linz
tied to the oil list. Single board lots and odd
shares were the features.
The bond list, although no sales were made'
was the most active in months, with prices
showing slight advances in most all issues
quoted. Mission Transportation were OF on
the offering Of a number at 90, closing at 30
BID, 80 asked. against e915 bid Wednesday
The only changes in the bank list was the
First National bank, which bid up
points during the day, closing at 499 and no
Offering at the close but was offered down
t. $40 at one time during the session. Citizens
National showed a loss of y Of a point clos
ing at 209A with no offering, Wednesdays
close being 21O1a bid
San Diego and Santa Monica Home issues
continued to be strong and good undertone
prevailed in the rest Of the list of indus
trials.
A block of Amalgamated Oil was offered and
seemed to be pegged at 1914, while the bid
price advanced I point, closing 72A@76&
American Crude oil, which sold at S61k, shows
ali advance of Il point in the last few days.
Associated Oil was dull and heavy in yes
terdays market and was not traded in: stock
closed at 3%q341a The bloom seemed to be
off Central Oil, which closed down 6A points,
125ikd132. An odd lot sold at 1872 and a board
lot at 181. Continental showed signs of ac-
tivity early in the day and closed up u point
at 34ia936l5. Olinda again sold at 40, and
bid for a large block was on the floor at
tho same price but closed off 39%@40 Union
Oil strengthened and odd lots sold at lOl
while board lots changed hands at 1865 with
total Of So shares; closed 106s11063s.
he mining market was dull and inactive,
with but few sales.
Los Angeles herald., 1909-09-03
Pacific Coast Trade

SAN FRANCISCO, Sept. 2.-Flour-Family
extras, So 4O@67O; bakers extras S. 40a67O;
oregon and Washington. S. 30G6.S0
Wheat-Shippng S1.75@1S0; milling, sLS2la,
Barley-FReed, S1S6h@14O; brewing, S.i0q
/ 42I5: Chevalier. ST. 4jd1.50.
Oats-Red, S1.7OQ1.75; white, sLS5a1.9O black
50 65d2, 20.
Milstuffs- -Middlings, $S6 5OaS75O; mixed feed,
s25dS0 rolled barley, $30aSl; oatmeal, $3.50;
cat groats $3.50; rolled oats, SSS441.
Hay-Wheat s15dl9 wheat and oat. $50
16 50; oat. wild Sl1d14; oat, tame, sl3ql65O;
barley, s12a1S; alfalfa, s1o9lS; straw, 5Oa55c.
Receipts-Flour, 1865; barley, 1903 S01; oats,
$50; beans. S54 potatoes, $50; onions, 1910;
hay, 400; straw As: hides, $685. wine, $1,000
Beans-Pink, $Sa312l5; Lima, 81 2Oai25;
small white nominal; large white, 50 5Oa4 So
Potatoes-River Burbanks 50G75c Salinas
Burbanks nominal Merced sweets, Nql.75.
Various Green peas. 2@Sc; string beans
ld2lkc egg plant, 50975c green peppers, $50
50c; tomatoes, 85d65c; summer squash, 25q4Oc
garlic, Base; cucumbers 25d40c.
Poultry-Iive and dresse dturkeys, nominal;
ROSTERS old. S4@45O; ROSTERS, young, S6Qs
broilers small S3d135O; broilers large, SS.5Om4;
fryers s5d55o; hens. s45Od9; ducks, old $40
4.5O ducks. young, $6aSi geese, .5O@gi gos-
lings $l.5oQ2; pigeons, old Slql25 pigeons
young, S2d2 25
Los Angeles herald., 1909-09-03

CHICAGO. Sept. Wheat has covered
much the same course yesterday. mo-
mentary opening dig has been followed by a
substantial advance which failed to hold.
Trade was quite active when teh advance
was on but after the buying power was ex-
hsusted there was n material recession. I'm
like yesterday, the professional spectators did
carry the selling to extremes and go short
at the bottom. Wet weather in most of the
northwest with official forecast of unsettled
and further rains today and tomorrow prob
ably inuenced shorts to some extent and
helped the general demand for wheat one
Of the largest shorts covered freely today,
other large shorts taking his place Except
for possible weather delays northwest, there
is no change in the situation, and it is be-
lieved that the movement of wheat to country
elevators has already been large enough to
insure the steady movement to terminals on
a large scale.
Corn has shown a firm tone relatively for
the September. more than for distant
months-the reverse of the recent position.
There was a small but nervous and mainly
strong market all morning. Although light
frost claims have come from numerous sec
tlcns of the country they have attracted no
attention, as the trade believes that most OF
the crop Is too far advanced o be hurt and
that the frost is confined to low spots.
Trade in oats has been light and unimpor-
tant all day. The market has been faint
reflection of others, ranging higher early and
downward later.
Los Angeles herald., 1909-09-03
CALIFORNIA; Advance
CHntton snoolal 10 The Herald.l

ViUIlUH opVVIdI TO IIV IIVIuIUI
SAN FRANCISCO. Sept, 2.-rhe market for
California securities behaved nicely this morn
ing, and several substantial advances were
made The Pacific Gas and Electric tsocks
of the unlisted groun are drawing the most
attention at present. The common was bl
bid, with practically no stock offered, and but
so shares of the preferred could be picked up
at So. on the regular list bonds were sought
after today and some gains were recorded
Spring Valley Is wer active and increased 10
90 Peoples Water IS recovered to 72&. United
Ry As were better at TN, and all OF the
Southern California issues though quiet,
showed frmer feeling. Among the stocks,
Pacific Fone common remained steady at 40.
Alaska Packers had some buyers around "a.
This is only the start Of a very active winter
fol California securities.
Los Angeles herald., 1909-09-03
Market Ranges


cries, 2llAq29c daires, 22G26c
Eggs-Receipts TIA cases; steady at mark
cases included, 1Sc; frsts, 2oc; jrime tirsts,
211ac.
Cheese Strong daisies, 159id16c; twins, 159
15Ae: Young Americas. 16c, long horns, Ice
CHICAGO, Sept 2.-Cash quotations were as
follows: Flour. steady; No. rye, 72@74c
feed or mixing barley, 46a5oc; fair to choice
mating 50a65c; fax seed, No. l southwestern
81 S5; No. 1 northwestern. s1.41; timothy seed
So. .25dS2O; clover, S12; mess pork. per Dbl.
$22 SOd22. S5; lard per 100 lbs, $2,2ll2; short
ribs, sides QoosA). - lG1LS0; short clear
sides (boxed) -.7ala12, 50.
Grain statistics-Total clearances Of wheat
and -four We're equal to 3S5OOO bushels Pri-
mary receipts were $4,000 bushels, compared
with S62, 900 bushels the corresponding day a
year ago. Estimated receipts for tomorrow:
Wheat, 81 cars; corn, 231 cars; oats 22l cars;
hegs, 12. coo head.
Los Angeles herald., 1909-09-03
SUGAR and Coffee

NEW YORK, Sept Coffee futures to-
day closed quiet net unchanged to 5 points
lower: sales reported of 2S.950 bags. nclud-
ing Sept 5,4Oc; Dec 5,25c; March, 5,3oc
May and July, 5,65e The worlds visible
supply increased 1,57O.93S bags for tha
month of August TO 15, 359,241 bags. Spot
quiet; No. Rio, 7kc; No. Santos, 8 ss a
9c: mild, quiet; Cordova, sh 812e.
sugar-Raw, firm; fair refining, 364c'
centrifugal SO test, 4.14c; molasses sugar
3. S9o; refined, steady; crushed, o75c pow
dered, 515c; granulated. 5.O5c.
Los Angeles herald., 1909-09-03
California Dried Fruit Prices

NEW YORK, Sept 2.-Evaporated apples
quiet; fancy. 50 G9hc; choice. S@Si5c;
prime IN D71ac; common to fair, 5@6% C.
Prunes, unchanged; California, 214 oil &c;
Oregon. G &c, Apricots, firm; choice, 104
tollc; extra choice, 10h G1O%c; fancy, II a
13c Peaches. quiet but steady; choice, 4
@6c; extra choice, 6h D6%c; fancy, Ia
sac Ralsins, dull; loose muscatels, 3la q
4l4c; choice to fancy seeded, a a Sc; seed
less SM 05hc; London layers, SLl5 q l 20.
Los Angeles herald., 1909-09-03
FRUIT MARKET

SAN FRANCISCO, Sept. 2.-Fruits-Fancy
apples, S1.25Q150; common, Sl@l 25
Berries-,Strawb wberries $394; blackberries, S2d
8; huckleberries 1OG12i5c; raspberries, s5q6.
Pears-Bartlett SlG1.25.
Peaches Common, 35c; fancy, 65c
Plums-Common, 25ci fancy, SOC.
Qulnces-50G75c.
Oranges-Valencia, 81. 50dS.
Mexican iimes-$5m6.l
Lemons-Common California. S1.50d2.50 good
to choice, s393.50; fancy, $4G450.
ons-Watermelons, s1d2; nutmegs 25d50c;
fancy cantaloupes, ST. 25; common, 75c.
Tropical fruits-Bananas, 75c@S3 pineappes,
81 5nG12 So
Los Angeles herald., 1909-09-03

members eastern exchanges.
NEW YORK Sept. 2.-The feature in the
cotton market the government report. Be-
fore the report came out the trade was without
interest and without character. There was a
little advance early strength of cables,
but weather conditions we're favorable for
picking and prices eased off, with trade very
dull for the hour before the report was an
nounced. The report showed greatest deterio-
ration as expected west Of the Mississippi.
There was some deteriorat tion east Of the Mis-
sissippi with the least loss in condition Of tho
Atlantic coast, Much now depends on the
weather during September and october and
the first half of November If the frost date
Is early, the crop may be cut down consid-
erably under the present promise, as 1t Ia
recognized as a late crop this year. On the
other hand. favorable weather conditions In
dicate that frost might add to the crop.
factor of considerable Importance in sizing up
the supplies of the is the large carry
over Of old cotton from last year, which Will
add materially to this years production.
The Evening Post says today; The ilnme-
diate result Of the report was an advance
OF about 10 points Of the prices ruling imIne-
dlately before the report was announced. This
was followed by selling, with resultant de-
cline of few points, but the market showed
considerable steadiness."
"a AFe.Naa ka1a