The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1910-02-03

with headquarters at Shanghai and
branches at HankoW and PekinE::i IT has.
a capital Of 100000 taels, over half Of;
which 10 paid in. The only government:
bank we have lie the Hu Pu bank, which
has its headquarters in Picking, and.
branches scattered here and there. cYeyj
the country
vii China ever have q national hank:
ing system, such as Japan or the United
states?"
Yes. I think SO, although II win prob
ably be some .tssae4before 1t cars!he estfabr.
lished. It is one of tho scystpg.-aeads OF,
the empire, and tssesld be OF s%nor1noals,
good, not only to the 'soversssent, but toA
all Industries ~.
'Win you ever have, pesaal nayjntu.
banks?" -. >.
Not soon. But l shonld like to $50
them established, and they are bound 10
come. They are invaluable III he eaohy
ings Of thrift. and In imaking'a place for
the small savings Of the people. With q.
stable government such illstit utions win
be very popular. and they, wosll. enor-
mously Increase our national wealth.
They would make us the Yichee4 people
Of the world for our savings 1ieposdtors
would be millions In numher. I. should
like to see industrial banks; such as Tho
Japanese have. established in China. I'M
we shall probably have agricultural
banks" ~. -.
How about you new coinage ?''.s a.
There 10 a movement on foot to stand
ardize it. We are sadly IN need OF a unt-
form coinage, and 1t In bopnd 10 come:
VIII the unit be the silver dollar OF
the tael?" =.
Most probably the dollar. Many of OUT
people have come to know that coin fair.
I1v Uvo11 md u,o HE H1Nn E7oolS,rl nnrakn~A -
upon which 1t is based. I think II is bet,
ter than the tael." IS.
Will China ever be or, a GOLD basis:'.s
I'm time, yes; but. not 5000. sh9ulas
like to see all Of our finances managed! on
the gold standard" .. 80.
How about the new bank notes which,
are being issued in go A1astys apaA<s OF. tha.
lempire? Are they. prOpeFsssseeured?' ' *
II think they are all right now re-,
piled the Chinese Anancief. s9achsHOtes:.
as are already In use are safe enough, aAd I
I have no doubt but that they Will DO,
safe for some time to come. ! tonxitle1
them q dangerous medium Gf"sxchahge, /.
however, and ! can easily imagine cdIidtli
tons which might arise - Connection with.
them which would create great hnarlcBalt
disturbances and possible loss /.
Your excellency was among the oriel-
majors of the new edncation3 You estab-i
lishad the Nan Yang college at Shanghai, 4!
and the Chinese university at Tientsip.i
Has .7odern education come to stay?
Undoubtedly so. The Chinese ciiassifsl4
are Of great value In training the mild
and soul; but as far as business naatte4si
are concerned. they aressathaesAs a her
than practical. Il want the classics kept,
in our schools, but think, the modem
sciences should supplement them" @
How are you training your own. chSl-,
dren7" .,ihsi. !
Il lY 800 A>.~M-A. 49,. ~ ~ rNy-Ls
lish. They are now going to 1aAs,collsige
here, and I shall send them abFOadssi.tO
Europe or the United States. asiseGn sas.
they are prepared to enter the IpileAgi-.
ties of those countries. Iiss; AN J
Whom do you think 10 the most s4iue:
to China, the man trained al home saaa9nE
the old lines or the one educated abroad ?,,t
II think both kinds, Of training are nee!
essary. They are both needed to ,rnAkassa an !
all-around man, the man of busiIf&saiAnd !
the maj of morals, and, n-sasert Nest
imam for u.s." iHII \,
At this moment the champa,KaMSa war.
brought in, and with II eatse. tie 4 VISIT
Ing cards of some Chinese officials, in.
high society here the entrance of tho wine!
always means the close Of an interview, . !.
and when your host asks you to drink;
you know that the time has come for.
you to depart. For this reason my last
questions were rapidly put: !.
What does your excellency think of thel
new constitution? Are the Chinese pre-,
pared for it?' !
Not now. perhaps, but they will he by.
the time 1t goes into effect. We are TOT
have eight years of education, and al the
end we shall have a new China.
will you be able TO wipe out the
opium evil? ~ !
Yes. But its abolition nou.t be gTa1-l
ual. The confirmed smoker eannOt give
up the habit at the wink of an eye. Some
may be able 10 stop, hut. others will hold i
OH till their death. 1t Is only from. the1
young that we can expect much as to th0l
abolition Of opium. The custom Is already.
considered disgraceful, I'M if we can keep
it so, we car get rid of the evtl..' (.
How about. foot bindinga' /.
''Tha will go. too. The better ciass OF
women have stopped binding the feet. or
their children. The custom begins. 10 he
unpopular. ! have no bound feet i'll my
household, and I am glad to say that the
day has come for the bound foot 70 E0ih'
At this point we had already taken three
sips of champagne. There was q. crowd,
of Chinese callers waiting oNtside, and j,
knew 1t was high time to leaNe. AS j rose.
his excellency again gave. me- his hand,
saying he regretted he had not had al
chance to ask sonne 4aests0Bs Of me. and.
that our whole conversation had been
taken up with his answers to questions Or
NINE" Frank 6. Carpenter.
s- D,