Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-01-09
EMPIRE OF JAPAN IN 1909 The N na' s ss
THE NEW MOVEMENTS GOING ON
IN THE LAND OF THE MIKADO

. creasing. This is furthored by special
| exercises which AN school children
must undergo.
THE WEALTH or JAPAN.
There is general idea in America
that Japan is very hard up. This D.
500 and j shall write more OF &c I'm the
| future. She has an immense national
debt due 90 her late war and the inn
ptovoments which she has made ln
building up this country and she la
just at that point where FOR a time
the capitalists OF the world are rotus-
INK 90 lend her any money. rms cone
dition seems 60 De only temporary and
the finance department has already M
stltutcd scheme. which promises 70
put the nation again ON IFS feet.
As 10 the country itself. it mas
numerous rich men and great mater
ial wealth. There are many banks
and stock companies which are pay
ing big dividends, and tho iorclsh
papers published here devote large
part OF their first page 10 financial
advertisements. a copy on the
Yokohama Journal Hes before me-
I'm it spo a half dozen banks adver-
tisod. each Of which has a capital OF
specio Bank. which has 2f.0OO'OOV
ven paid I'm and a surplus Of over
I a. 600 900 The ven Is worth 80 Genus
The president and all Officers OF thal
bank are Japanese. II has branches
in the big cities Of Japan and agen-
Giles all over the east. To pays per
cent ON deposits OF six months anu
2ia per cent on current accounts anu
Notwithstanding that its gross prohts
for the last six months We're over u
OOO. 900 yens II pays dividends of IL
per cent. and viii add half million
dollars this year to its reserve funo.
just below the advertisement is
statement Of the Mitsui bank This Is
owned by the members of the Mitsh
family. who advertise that they as
sumo an unlimited responsibility for
Am the liabilities Of the bank The
Mitsui Bank has a capital of 5000
600 Its deposits now approximate
TO.OOOOOO or almost S35,0OO,OOO.
That bank pays 6 per cent on deposits
Of six months. and about three per
cent on the daily balances Of its dc
positors
Another japanese bank. the Dal
Ichi Ginko. the president Of which b.
Baron Shibusawa, has a capital OF
10000, 900 ven and there are foreign
banks with capitals ranging up 10
10000. 600 and with enormous re-
serve funds Among these Is the In
ternational Banking Company Of New
York. which has a capital and surplus
of $500 600.
As To Japanese banks. they are to
be found an over the country. There
are more than 1000 of them. and
their capital. all told, amounts to
more than "a half billion yen. Nearly
am the leading banks of Toxic are
raying dividends and some very large
ones. The one Hundredth bank In
1906 paid 80 per cent. An odd thing
about these banks is that each has
its seal az the head Of its advertise
mcnt The seal Of man or business
firm is more important than the sig
nature and payments are chiefly
made by seal
JAPAN AND OUR PANIC.
I called this morning on the vice
minister Of foreign affairs, Mr. Ishii,
and had "A short chat with him over
the financial situation as IL exists here
today. He says that the hard times
VIII not be Of long continuance and
that the new arrangements which have
been made by the government win lead
to a rapid Improvement Said he cone
Of the chief causes Of our present lack
OF prosperity Is the depressed condi- I
ton which las prevailed in the United
states during the past year. Your coun-
try Is our best customer our trade
with YOU amounts 70 more than $780,
100000. and I'm ordinary years we sell
you more than Sl00000,O0O worth OF