New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-10-17
BANKERS REFUSE AID
To CHINESE REGENCY
Picking Government Fails to OBJ
tain 100000 Loan. but
Has Money in Hand.
RUNS ON NATIVE BANKS
Even Russo Chinese Bank Hard
Hit-Shanghai House Fails
Revolutionists Confident
of Ultimate Success.

hlI-Shangnal mouse rams
Revolutionists Confident
of Ultimate Success.
Picking. Oct 16.-Simultaneously with
the acceptance to-day by Yuan Shi ii Of
the post of Viceroy Of the Hu-Peh and
HUMAN provinces. 10 which territory he
is directed 10 proceed and Immediately
re-establish the imperial authority, the
Chinese government is showing remarka-
lie activity Army divisions are now
being dispatched 10 the scene Of the re-
volt as hastily as preparations can be
made
The government, however will have
10 worry along, for the present at least,
without foreign financial assistance. An
application for loan of 100000 from
the four foreign banking groups that ne
gotiated the S5O,OOO,OOO currency reform
loan was formally refused to-day.
The government has sufficient ready
funds for a brief campaign. but wished
10 provide against the possibility Of pro-
longed hostilities. Heavy Withdrawals
from the banks continue to-day The
prices Of foodstuffs, too. have risen
sharply.
There were rtotous scenes in front Of
several Of the banks. the police on duty
being forced repeatedly 70 club back the
crowds and protect the bank officials.
Government banknotes are no longer
passing ar par, the best quotation to-day
being at discount Of 20 per cent.
Even the foreign banks are not i'm
rnune from the scare The Russo Chi
nese bank in the Legation quarter was
the target for a prolonged run to-day.
Foreign banknotes are being refused as
currency outside Of the Legation quarter
The Chin Tu Pu. the imperial Board Of
Finance. came 10 the relief of the gov
eminent deposit bank to-day with
$4,000 Of gold. and offered $4,000
more for the relief Of the native banks.
Shanghai Bank Fails.
At Shanghai one bank failed 70 meet
the demands. The foreign banks have
shipped 100000 70 Hankow 10 meet
the runs on the Chinese banks there.
Native banks everywhere are sending
their silver TO Shanghai.
A few messages are beginning 10 ar
rive from the south. which for several
DAYS has been entirely cut off from tele-
graphic communication. But though the
lines arc open. details Of the situation in
the affected provinces are meagre. It is
believed. however. that a certain measure
Of order is being maintained at WI
Chang and Hankow
Outside Of the foreign concessions in
Hankow these two cities are in the
hands Of the revolutionists. and the fact
that all the women and children have
left or are leaving Hankow indicates
that the forces under the insurgent lead
ers. We'll armed and well munitioned from
the arsenal store are preparing to resist
the Chinese army.
The American Consul at Hankow
Roger s. Greene, has sent message 10
Peking requesting that he be kept in
formed as TO the progress OF the army
southwark and the approach Of the
troops under the War Minister. Yin
Tchang, which are being modified at
Chuma-Tien, in Ho-Nan province, and
below, within seventy miles Of Hankow.
The reinforcement Of the American
Legation guard by a hundred men who
are proceeding from Manila, while not
significant Of danger. Is nevertheless in
dicative Of the seriousness Of the situa-
ton even in Picking. Chinese respect
for foreigners. which is often cringing
still continues up to the customary
standard. This is due largely 70 the les
son Of 1900 and it is not believed that
the Legation quarter viii be subjected
10 more than inconvenience. owing To
the rise IN the prices Of foodstuffs and
possible disorders in the rative city.
Railroad for Troops Only.
An indication Of the activity being dis
played by the government is afforded in
the dispatch from Pao-Ting-F'u Of TWEEN
ty-four army trains in the last three
DAYS. Twelve trains will be dlspa tched
from Picking, and the sixth division
which is now quartered at Pao-Ttng-Fu,
will leave as soon as conditions quiet
down there. After the departure Of a
single passenger train tomorrow the
railway between Peking and Tlen-Tsin
will be closed 70 all but troop traffic.
General YIN Tehang, the Minister Of
War. who will have chief command Of
the government troops. is a small. thin
oueueless Manchu The German and
Austrian officers who are in the gen
erals confidence report that he has not
entire faith in the Chinese troops.
According 70 the Chinese people gen
erallv the Manchus were toierable when
they protected the countrT but are
now worthless. The vast body OF Chi
nese svmpathize with the revolutonists,
and a significant saying Of the soldiers
Who are proceeding 70 the south is. An
ordinary rebellion would be all right but
We must now night against our trained
brothers