The Washington herald., 1920-04-19

Pekin, the national capital, dates
in Chinese history from l12l B. c..
and now consists of the Tartar
City on the north and the Chinese
city on the south. Within the Tar
tar City lies the Imperial City;
within the Imperial City. the For
hidden City. famous for it's purple
walls. its wonderful gardens and
lakes. its Island of Everlasting
Flowers" its marble bridge, its
Palace of Celestial Beauty Among
notable scientific institutions in
Pekin are the national college. the
medical college and the astronom-
ical board. 1t is proposed to es-
tablish in connection with Pekin
University modernly equipped
agricultural school and experiment
station.
The Commercial and Industrial
Commission of the Ministry of Ag-
riculture and Commerce, Pekin, as
an aid to Chinese importers. Is
organizing a library of trade pub
lications and catalogs.
The trade center of North China
Is Tientsin, with population of
100000 Chinese and perhaps 1900
Europeans and Americans In Tien-
tsin are eight foreign settlements
which have good roads and parks,
an electric light and an electric
| tramway system.
Under a plan indorsed by the Hal
Ho Conservancy Board it is pro-
posed to add 10000 feet of reclaim
ed land to the north side of the
Hal Ho and make the harbor of
/ Tansku accessible to vessels draw
ing twenty feet of water. This
nlan If carried will tYiu
tsin an ocean steamer port.
Conspicuous in the import trade
Of Tientsin are piece goods, iron
| bars and plates. cotton braids. kero-
sene oil. railway material: in the
export trade. beans and peas. eggs
and egg products. groundnuts and
, groundnut cake, walnuts. vegetable
oils, hides. skins and bristleS.
! Among chemicals imported into
! Tientsin are soda ash. boraX. chlo-
! rate of potash. chloride OF lime and
calcium carbide. Considerable guam
| titles of sulphur are imported. EX
ports from Tientsin to the United
! States during 1918 were valued at
nearly $50. .OO0.0 900. The total export
, trade increased fvefold between
1904 and 1918. Much of the in
! crease resulted from improved rail-
way
1 Official quarters in Washington
were not taken by surprise by
news of a financial panic in Japan.
1 consequent upon the failure of
nineteen banks. Reports have been
reaching the United States for some
time indicating that conditions in
Japan were causing anxiety. At
the Japanese Embassy last night it
was claimed that no information
was at hand concerning the out
break of a crisis. Japanese finan
cial affairs in the United States are
looked after by a special attache
Akira Den. whose Offices are in the
, Woolworth Building, New York
City.
Although Japan has prospered un-
precedentedly from the war. in the
direction of acquiring footholds for
manufactures in foreign markets
formerly dominated by Germany.
Great Britain and other belligerents.
the japanese financial structure is
known to be on shaky foundations.
The Japanese have suffered, like
from the evil effects of an inflated
currency anu scHeIdlIy nave DetH
going through the same Kind of
reconstruction difficulties.
If the panic that has now broken
out exposes the inherent weakness
of Japan. from an economic stand
point, 1t will corroborate the re-
ports that nearly all American
business men have brought back
from that country in recent times,
such as William Potter, of Philadel-
phia. 1t is the combined Judgment
of those observers that Japan.
measured by American standards,
is vastly overrated country
Frank A. Vanderlip. at the head
of a delegation of American finan-
ciers and economists, is now on his
way to Japan.
The local press states that a
trading company is being formed