12 FAR EAST MISSION FOR TRADE CONSIDERED Manchaiter Merchants Hope to Extend Textile Business. Ikpok. fl'Pt- 8. Manchester mer-J chants are rutin rwisHrrlnir the project of sending n trade mlnlen to (he Par Kakt In order to InustlxnU Hie sllua. linn In twi (P il1 export of Knglish utf In mm mark!, wmeh Ms Iwn unnn ailv'nrn for n uliort' time, ! cordlnir to Acting Commercial Attaohe Wilbur J- Psgs Bewal OKU. n'tie have been mrl wlih, however, particularly In the nutter of providing the n'.'wary funis for th mlulnn, It l 'estimated that 1 17,600 RarkUnion FOREIGN BANKING CORPORATION 56 Wall Street, New York Capital (fttUu paid), $4,000,000 Surplus and Undivided Profits, $754,000 BRANCHES AT Tolclo San Franclico Shanghai Pari. Transactions in Exchange Travelers' Letters of Credit Commercial Credits Foreign Collections and Cheques Acceptances Transfers of Money Advances against Collateral for the Financing of Foreign Business OFFICERS Chorion A. Holder, President T. Fred Aspdcn, Vice-President E. B. MncKcnzio, Secretary & Treasurer South Africa's OVER kSOO BBANCHES L l if. AFRICA j. 0,000,000 metric tons. Ample fuel supply, of utmost value to South Africa's rapidly expunding industries; is thus assured. To American business men interested in the de velopment of the South African market, tho National Bank of South Africa, Limited, with more than 500 branches throughout the Union, offers complctq facilities for international banking. NATIONAL BANK SOUTH AFRICA LIMITED New York Office, 10 Wall St. R. E. Saunders, Agent Total Resources Exceed $430,000,000 BOMBAY LONDON ANTWERP American commercial attention Is focussing upon tho Far East, and rightly so, because In tho East are found more millions of possible purchasers of Ameri can merchandise than in any other part of the world. To American business men who are interested in this possible trade expansion we offer the whole hearted cooperation of our world wide orjianizatlon. The Yokohama Specie Bank Limited ESTABLISHED 1880 Capital Subscribed.... Yen 100,000,000 or $50,000,090 Capital Paid Up Yen 74,000,000 or $37,000,000 Reserve Fund Yen 44,000,000 or $22,000,000 HEAD OFFICE BRANCHES UNITED STATES San Francisco Loa Ann les Seattle Honolulu Manila FRANCE Lyons AUSTRALIA Sydney JAPAN Tokio Osaka Kobe Nagasaki Shunonoiekl ENGLAND London INDIA Calcutta, Bombay ARGENTINA Kutno Aire BRAZIL Rio de Janeiro BURMA STRAITS SETTLEMENT I Slnaporo JAVA Uatnvla Rangoon ej iocrabaya &EVV YORK 120 Broadway Telephone Rector 2550 1 he Bank buys and rccclvca for collection Bills of Exchange, Itsues Dn.lts and Telegraphic Transfer and Letters of Credlr, etc. E delegation, nnd ma uovrrninem i r rorted to have offered 111,100 towar lIJa nninunl. ullli lha ausffeat on the the balance lis obtained from local sources, II lit rrtmrUil that the Cotton Jtecnn- Iruellon Hoard nny he nhle to subscribe out of It surplus funtln to the expends of the mUelon and thus relieve tho ,nV IM'TC'II INDIAN POUT, Th Duloh JSeat IndUn Government has decided In establish a seaport at. JW?l!twn, owing to the great develop ment of the met coaet of Bumatra. and to improve and extend the facility of HabMig, North flumatrn, which l free lirt Habane U expected in do ot swlsl Imnnrtance ns a transit point and r-ielln ehtlnn, I Yokohama Seattle CANADA I.S.AT r a Coal Resources will bo required to finance tha propoiM COUTH Africa contains conl deposit esti mated at 50,300.000,000 tons, or 07 per cent, of the estimated reserve of tho entire continent of Africa. The annual production has practically doubled since 1000, and in recent years has averaged more than YOKOHAMA CHINA ' Peking, Dal cn Hankow Tientsin Hongkong Shanghai Newchwanfl Changchun Harbin Fcngtlon Chlnnnfu Talngtau Katyuan Saigon, Cochin China .SIBERIA ' Vladivostok AGENCY, THE SUN AND PHILIPPINES FIGHT . JM MMM LAW Objection Ilnlscd Tlmt Act Crcntos n Monopoly for American Bottoms". Manila, P, I , Sept. II, The ihlpplnc nlPrwl of ,ho Philippine latanda are . . . "" i i'iihh uv.uii, all commercial bodies both hero and In tho States concrete reasons to llluatrate their opposition to flection 21 of the Merchant Marina law, which provldea that on February 1, Hi:, the Prealdcnt ;tt the United flutes ahall declare thu extension of the lawa to the Philippine lelande If, after full Investigation, he , ahall find that an adequate shipping; rrrvitg has ren etiauiunei) ana mat reaeonable rntea exlit. i lMng HSIplnoa contend that their , oppoaltlpn to the extension la entrenched , on solid Bround. and Inalit that tha law rreatea a monopoly In favor of American I nottoma. They c'alm that It meana that nnly American eh I pi can ply between American and Philippine porta, and for tha purpoeea of American commerce the Phlllpplnei are therefore virtually made a part of the federal territory, They point out that Ihe discrimination extenda to Philippine cltltena Inaofar a If n Filipino tlcflrea to enjjiiBe In a ahlpplnir buelneaa he li forbidden by law from no doing unleaa he eurrendfrn hli vitlxcnahlp and taken up American cltl sennhlp, Olifrrtlnna Prom Philippine, A pretext belnic eent hroadcaat by the Phlllpidne Preea Uureau anya: 'The extenelon of the roaatwlre lane la unneccMiry. Tor reaiona of na tional rratltude Filipino preference would alwaya be for American bottoms, clrcumatancea belns equaL Ho leclala tlon la r.ercMry to compel them to clve their crnoda to American bottoms for tranaportatlon when It la known that the ratea charged by those bottoms are lower than or equal to the rntea charged by foreign bottoms, and when the aer vice afforded la aatlafactory, 'Tho extenelon of the law would be Injurious to Philippine trado and com merce because the benefits alleged nro conjectural, while the damagen will bo of elupendou proportions, If tho fa mous Navigation net of Cromwell In 1CS1 made Knglnnd the mistress of the1 aeaa and put her rival, Holland, out of buslnev, It, however, wounded the feel ings of W colonies and deprived them uf the chanre to vitalize their economic llfo through their own rcrources. The law Indirectly make the I'illplno.i piy for the maintenance of American ves sels. 'The Immediate effect of the applica tion of tho law would be to Isolate Ma nila from other steamship lines. Hong Konrr and Singapore are free porta. If Manlbi Is to be made a distributing cen tre, nblo to compete Nlth them. It must have equal advantages, which It cer tainly would not have If the shipping between tho Philippines and the United States were monopolized. IVnr Lack of Ship. "If It can be guaranteed that suffi cient ships will forever be available and tbat tho rates will forever bo reason able there should perhaps be less reason why tho extension of the law should be opposed. Such a guaranty, however, cannot be had. The volume of Philippine-American trade will never be eta tlonary. It Ls destined to Increoso year after year. And the time will not be far, distant when American bottoms alone cannot accommodate It. In this sense ocean accommodations for the Philippine Iilanda will be restricted by the extension of the law when It la to their Advantago to alwaya have ampler and ampler accommodations. This can only be attained If tho economic forces are given free play, that Is, by allowing vessels of all countries free competition. "Establish a monopoly and In no tlmo rates will go akyward. Higher trana portatlon rates mean Increased cost of marketing,' hence Increased market prices and therefore less profits. Tho tlm may come when the Philippines cannot successfully compete with other Oriental countries under the new law. ''Not only that. The extension of the law will Inevitably make, the cost of liv ing In the Philippines much higher, and the Filipinos who have to live, and do business In thclf country are Justified In considering how they are going to faro under tho change'd conditions, and take action accordingly." ORIENT BIG BUYER OF AMERICAN OIL Japan and China Increase Their Imports. America produced In 1918 3C6.000.000 barrels ef petroleum, the value of which was 1704.000,000. Her production cov ered CI per cent, of the total petroleum production of the world. More than one-half of this (1380,000,000) was sent abroad. In 1918 America cxporttd SS.160.S09 gallons of kerosene to China and Japan, which grow to 197,167,676 gallona In 1919, a gain of 250 per cent. In one year. In 1919 Japan took from the United States 31,69,7i7 gallons of kerosene, against 16,219,296 gallons In 1918, an In crease of 90 per cent Large shipments were made also to China, Australia, New Zealand and tho Philippines. Most of tie supply was shipped by tho Standard Oil Company of New York, which, with the Vacuum Oil nnd Tide Water Oil companies, handles the greater part of the oil trade In Asia. China took 20 per cent of the kerosene exports of tho United States last joar, or ft monthly average of 16,430,03 gal lons, and Japan took 3 per cent, a monthly rate of 2,641,644 gallons. DYE EMBARGO LIFTED. Straits Settlement Xot neatrleted o British Products The prohibition ngalnst the Importa tion of dyes not of British Emplro origin Into the Straits Settlements has been temporarily lifted, according to advices from Singapore. xne biraus uettiemonts are in an exceedingly prosperous condition, owing uts, tin and rubber, and to the largo transit trado of tho colony. Tin smelt Ing Is, the principal Industry, and large, modern works are established In Penang and Singapore. The latter town also is becoming ono of tho world's leading rub ber markets. ANXIETY OVEE SHEEP. Coptons Itnlns Needed In Aus tralia to Infesrunrd Indnatrr. rhlrlntr 191!) nn.1 mn trtw In 109ft tt, greater part of tho grating area, of tobace. d"- c'sarettcs. or snuff, pays Australia hns suffered from a severe a iut? of i0AS Pr Pound from tt" coun drought, which brought tho number of ltr,p"' "Sxclse duty of 10.24 per popnd, shi cp In tho commonwealth at the close nml a 1 l,cr Mnt- war tax which Is col of tho 1919-1920 seasons (June 30. , lected on all Imports. ,1920) to approximately 76,000,000, us Dgalnst 88,000,000 In 1918-1919. It Is expected thnt the clip for 1919-1 1920 will amount to 2.000.0UU bales, but as to tho clip for 1920-1921, It la be- llcved by the best Informed wool men that the nwt favorable conditions would place the flguro at only. 1,500,000 bales, nnd Hint without CODlus rains tho nuinnn . .nn. : . 1 . of 1920-1921 will be disastrous to the . anecp muusut 01 Australia. 1 1 NEW1 YORK HERALD, MONDAY, SEPTEMBER 20, 1920. f Entrance to the A' S a matter of fact, the Forbidden City, which Is enclosed within an Inner wall In Pekln, Is not nearly so "forbidden" aa many returned vis itors say It Is. To gain admission It Is necessary only to walk through tho archway shown at the right of the picture and there you are. lleforo the revolution and the establishment of the Republic forelgnets were denied ad JAPANESE POLICE SUFFER A SETBACK Snbro Ts Taken From Them and Arrogant Authority Is Curtailed. Of the many undemocratic Institu tions of Japan that of the police Is the most typical. In America a policeman is a good servant of the public, politely and kindly disposed toward the p'ople. In spite of the dlgnlfltd appearance mado to fffectlre by tho masMvo and masculine figure, an American policeman Is a friend of everybody (savo criminals, of court), with a heart as warm ns that of any one, wearing the delightful air of a good, humorous Irishman. Not u few Japanese tourists have returned home fallen In love with him. Mr. Oka. the head of the National Hureau of Po'iee In Japan, apparently Is one of them, for ho has now ordered all police men of Japan to become more democratic after tha fashion of the American police men. Well, what does the "cop' or Japan Itok like? He dons a uniform resembling L i. ..n.. hi,..' ol inc uovcrnur iruin niuuiiK n venom that of a fa"""' nly cln. " mxed numb-r of candidates selected ly sabre hanging on a gird e. Obsen lng to th letter tho old aoctrlnft of pnmicai science that the police il j lf 'JJ; power of the government to be exercUed on the peop le. the !miin mlsss no opportunity to vindicate tnai , 5' tt B,H.rn,Snn , W fh "nuSior- A provincial council will be presided "!!.rl0 lViiEmA the Governor, who will be a Ity to werce and command them. , His ' -offlclo. The Governor fpecch to e'"" J. JJ" Il will be bound, except when the urgency command. hU manner ' ot lhe matter leaves no time for so charged with an , ah- of d , to provincial council There ls nota sngie M and Invite Its view on all questions hlm-he Is a Kaiser banished. , touchnc, upon the provincial finances. , n,y t0TnZrMv Tri. The oSncll will be allowed to submit forborne ! this absurdlt). True to as ,a, t the aovtmOT on all af. sumed dignity, he Is morally uptlfh t. Importance, but otherwise has a keen sense of duty and Is a initiative. stanch defender of public order. More- mcmbers of the provincial coun- over, his pay hardly x"n Snd vet ell shall serve for a term of three scavenger-being 40 to 80 yen-and)et his eense of duty prevents him Irom!'fl ' ,ot,orIW?f.,. i hSTis must become 'twelve to thlrty-elght members, elected Mr. Oka ' ""g for three years without any salary by not a master but JW" na fflly ' PrI,frt' l"'on consisting of the "15. W?" mZ' Effi ftS'm Payment of five yen per year In munlcl- toward them. Bo he took away irom him his proud three-foot sabre, and now he looks like a mailman without the bag. Str. Oka might as wcu navo uu sug gested to him that he may crack a Joke or two onco In a while. TOBACCO GAINING IN NEW ZEALAND Government Encourages the Planters With Good Results. Auckland, Aug. IB. The cultivation of tobacco has been quite thoroughly tested In New Zealand during the past few years, and an effort Is being made by tho Dominion Government to encourago the Industry. Samples of locally grown leaf examined by an expert of the De partment of Agriculture were pronounced aa having n decidedly Turkish flavor nnd a fair color, the expert being quoted as saying that these samptea were among tho best specimens of the class of leaf grown In tho southern hemisphere that hntt ever coma to his notice. New Zealand's Imports of cigarettes In 1919 amounted to 835,927 pounds, valued nt $1,844,845 ;of cigars, to 31,783 pounds, valued at 892,347: snuff, 387 pounds, value !5S; manufactured tobacco, 2,864,316 pounds, value $2,864,320, and unmanufactured tobacco, 184,7,1 pounds, value $132,828. Data showing countries of origin are not yet available. It will bo "'d' however, that the tobacco grow- era In tho United Btates have some very strong competitors, notwithstanding tho fact that quite a large part of tha to bacco made Into cigars and cigarettes In the United Kingdom waa grown In the United States. American tobacco stands well In this market Tobacco, Including the weight of every tag, label, or other attachment pays a duty ot 80.85 per pound from all coun tries. Tobacco, unmanufactured, altered to be manufactured In New Zealand, (A any licensed tobacco manufactory, into j' CHINESE mcB chop PAin. WAsnivirroN. n n. H.n 10 . rnrdlnir in various rice districts of China by the Department of Commerce, the early or minor rice crop Is only slightly below the average In China, the estimate fnr Kvtlnmr illntrlet th. rh!f nMlHlnn , r y-- p. ...v, centre - being about 30 per cent below normaiy Forbidden (JJity mission to this Inner city. It la no more Interesting than many other parts of the capital of China. Tiik Sun and Humid correspondent asked an Ameri can educated Chinese friend why It had onco been forbidden to strangers and he replied, "Oh, we wanted some place where we could know white folks and missionaries wouldn't to butting In all the time." LOCAL" SELF RULE BEGINS IN COREA Elaborate System of Village Government Is Provided Un der Goncral Decrees. Seoul. Sept 1. The first step to local self-government In Corea has Just '-een taken with tho publication by the Governor-Oeneral of four decrees and four ordlnAnccs, all- of which relate to the creation of local consultative or ad visory bodies throughout the country, Tho consultative bodies to be created by virtue .of these laws are of three kinds, namely, provincial, municipal and village councils. A village council will consist of eighteen to thirty-seven members, ac cording to population. The membership will be of two classes, elective and ap r-olntable. the first class alwiys consti tuting two-thirds of the entire number of mcrobcra. The so-called elective members, however, are also appointed bj the Governor from among a certain mcmberf ,he munlcpa, and T , m.... .nikiA a d,ey arc to be male subjects of the , 3S of nK mA wlth an independent means of llh pal taxation. This restriction la appll- cabltf to the voter and the voted alike, A municipal council will bo presided over by the respective Prefect or Mayor. Its function will consist In deliberating upon the financial affairs of the munici pality, which the Mayor will be required to Bubmlt to It except when the urgency of tho case may leave no time for so doing. A village council will contain eight to fourteen members appointed by the re spective district magistrate or chief of Island for three years without salary. It will be presided over by the hfad man of the village and discuss village finances. An exception will be provided In fa vor of twenty-four villages, which, In consideration df their population and their Importance as political or eco nomic centres,-,!!! bo allowed an' elec tive system u provided for munici palities. pcsldcs the deliberative councils men tioned above there will be established In each municipality, county and Island a school council to discuss matters relat ing to education. The members shall serve for three years without pay. In municipalities the members of the school council will be elected by popu lar voto under a system essentially the same as that under which tho members of a municipal council are elected, whlto In counties and Islands they are to bo appointed from among a certain fixed number ot candidates elected by the members of the respective village coun. TOKIO TO HAVE STADIUM. Japan Plana to noIA am Oriental Olysiplo. TOKto, Bept 19. The Interest being manifested throughout Japan In ath letics was given tremendous impetus track and stadium coating more than I 8509.000 will be built In front of the utaiii ihrlnA In A nv.mn Th, ,,..1, .win , bo larger than the Olympic tracK at Stockholm. According' to the plans of the archi tects, who have Investigated the various tracks of Europe and to some extent lm- ' , ' "wuium iftft01" 8Pf 0 ""ytnMwmmodate, 40.000 people. It Is expected that tho work will bo completed In 1923. Pro-. llmtnary work of ground levelling has ' already been atarted. , . I An official of the Imperial University, who Is a member of tho construction i .i .w-. , ,. .,7,T luiitimiiw, Qiicu uiav iv jo inannea to hold an Oriental Olympic aV soon as- iasjL 1 JTRADE IS SHIFTING IN PACIFIC TMMr-sJStiZJRZgr Direct ItolntlonB With United StntoH, Jnprtn, Franco' nnd England Iiclnpr Kfitablislicd. Washington, Bept. IS, Many Indus i trial and commercial changes are OC' .currlng In the South Pacific Islands and , CTimnH in in ouimi v . iiioir ciincia uio Minima w..w., - - , trade relationship herttofore existing be tween the islands and Australia. The development nf Island trade Is nsw pro greasing along new lines. Sydney la a collecting, not a consuming, port for copra, ond this trade Is turning from Australia nnd toward direct relat.ons with the United Btates, Japan, France fnd Kngland, . . United States Consul rdward J, Nor ton of Sydney, In n special report to the Department or uomesiic ?nu nrn Commerce on tha trade situation of the Hmitii Hon Tii.inda. estimates that the total annual production of copra In the South Pacific Islands la from 88,000 to 71,000 tona. Australian consumption of of copta In recent years, ho says, hai only been about 10,000 tons per yesr. and of this quantity perhaps one-half Is exrorted In the rorm or cocoanui or oil cake, and only the remaining hnlf re tained In Australia for soap manufac ture and oil cake, Owing to Irregular transport fncllltlei rnd limited cooperage supplies on tho various Islands there do not (ifiear t) bo any prospects for the vstabllsh ment of n rermanent export trade In cccoanut oil; It has been fuoro profitable to ship the copra, and the Islands' ex ports will In all likelihood continue to remain as they are .now that Is, In bulk copra. If Australia loses the copra trade It will also lose a largo put ot the present merchandise distributing trade. Australia now supplies about one-hsif of Uio lelande' requirements. Aa the Onlted States Is a largo consumer of copra and a producer of goods suitable fbr the Island trade, direct tradlfig re lations should Improve the American trade Dositlon throughout the South Seas. New Plantations Hearing. Tha nuantltv of copra exported from the Solomons has risen from 3,262 tons during 1908-9 to 9,891 tons during 1918 J 8, Future exports will be considerably larger ns new plantations come Into bearing. Rubber, sugar cane and cot ton thrive excellently, but present labor conditions are not conducive to profit able cultivation. Ivory nuts, trochM and mother-of-pearl shell are Items of export The New Hebrides produce copra, co coa, coffee, cotton and corn. Dreadfrult sugar cane, arrowroot, pineapples, or anges, lemons and limes do welt Large supplies of krfurl pine are found on Mme of tho Islands. The mineral resources of tho Islands nro little known. There are said to bo Important deposits of sulphur on some Islands, but these are not easy to reach. On the Jones and Banks group, which are Included In the New Hebrides, there are large aulphur de posits, which were nt one time worked by a French company, but the enterprise waa abandoned. The mineral resources of New Cale donia are Important Chrome, cobalt and nickel are found In abundanco; coal im been found there, nnd antimony, Wrcurv. silver, lead and copper aa well The nickel deposits arc or special vaiu. Nickel ore, nickel matte, nnd chrome ore ( constitute the chief exports. Agrlcul-, tural products are coffee, cotton, corn, , tobacco, copra and rubber. Other ex-' portable products nre hides, trochas, bechs de mer and sandalwood. Product of Other Islands. Tha Huon Islands (four In the group) llo to the northwest of New Caledonia , and also belong to France. Theso arc leased by tho Austral Ouano Company, whose headquarters ore In Auckland. The guano deposit at Surprise Island Is a very old and valuablo one; thera Is another deposit on Fabre Island. V.'al polc Island, about 150 miles from Nou mea. New Caledonia, contains largo de posits of guano, which are worked by tho Austral Guano Company, Another Island (Mato Island) Is reported to con tain lithographic stone ot excellent qua). tlty. The Islands of British New Guinea possess gold (alluvial deposit;), traces ot tin, coal and oIL Copper ore -Is among tho exports of minerals. The agricul tural products are hemp, copra, sugar cane and breadfruit Rubber la shipped In limited quantities. Pearl and turtle ihell, pearls, timber, sandalwood and beche de mer are other products figuring among tho exports. JAPANESE WOMEN DEMAND RIGHTS Following Example of Amer ican Sisters and Getting Specific About It Tokio, Sept 19. Tho present genc tlon of Japanese women ts gradually but surely following the methods of Ameri can women toward seeking the full rec ognition ot their ability to uphold their own share of the destinies of their homes and abio to enjoy life on tho popular American fifty-fifty basts. To llluatrnto this new spirit of the women of Jnpan, a diligence exhibition Is being held at Ichlgayamttsuko under tho auspices ot tho Girls' Industrial School. One of Oie features of tho exhibition Is n poster setting forth ten requests that are made by the Japanese wife to her husband. The poster reads as follows: Please get up at the same time I do. Please do not scold me In ttie presence of visitors or the children. When you go away from home, pleaao tell me where you go. Plcaso let us know when you go out and when you come In. Please grant me the privilege of n few of my wishes. Please glvo me a fixed sum of money for my personal use. Please do not demand attention from others for things that you can do your self. Pleaao refrain from doing things be fore the children which set a bad ex ample. Please allow me certain hours for reading unci studying. Please stop saying "Ol, kora," when you call me. At the end of these requests was a short note which read: "This mar """I brV.p'' bu 18 tb ex-, " U,H ung 01 your AUCKLAND FltElOIlT MOVKS, Auckland, N. Z., Aug. 15. The Inau- guraiion or me new steamship line bo- tw..n flftnttlA iind A , M, , . 1. .... relieved tne situation hore so far as freight space In concerned. The) first .hip of tho new lino to arrive was the American steamship West Mahwah nf tho General Steamship Corporation of Seattle heavily loaded with freight In- eluding 26,000 cases of kerosene 107 barrels of oil and' 146 cases of pnlnt for I " c""B.l "V ima pun anu largo quantities of rnren for Wellington and for norts i a,. trallaw II COTTON WASTE USED . FOR ARTIFICIAL WOOL l Announcement has been made that a MM cotton waste. This baala of tha artificial : wool la celluo acetate, nnd the ma- terlal Is clHlmod to be an even bettt Insulator against heat and cold than lordlriary wool, that It will wear wel, and that It can be successfully dyed any neairefl color. The new material has, It Is unrterstuod, been subjected to severe tests by the n department of the I.e1a (Enf. A general international commercial bonking busi ness transacted. Principal Brnnchei Brussels, Belclum Ducnos Aires, Arjcntlns Harbin, Manchuria Havana, Cuba Manila, Philippine Islands Panama City, Panama Port ou Prince, Haiti Rio de Janeiro, Draill Esnto Domlnco, Domini, con Republic Agents and correspondents in all the other important commercial centers of the world. AMERICAN FOREIGN RANKJNG CORPOIWION S3 Broadway, Now York Capital and Surplus Sa.4OO.003 Mitsui & Qo. Ltd. Importers Exporters . Shipowners GENERAL OFFICE 65 Broads, N. Y. City Tea Dept., Raw Silk & Habutai, 25 Madison Ave. HEAD OFFldE TOKYO, JAPAN A San F: rancisco Lond on Branches in Most of the iLL if Japan Hotel la Japta Proper: CHUZENJI (NIKKO) Lakeside Hotel KAMAKURA Kaihin Hotel KARUIZAWA Mlkasa Hotel KOBE Oriental Hotel KYOTO Kyoto Hotel Miyako Hotel MATSUSHIMA Park Hotel, MI Y ATI MA Miyajima Hotel MIYAN08HITA Fujiya Hotel NARA Nan Hotel NIKKO Kadaya Hotel Nikko Hotel In Taiwan (Formosa): TAIWAN RAILWAY HOTEL Talhoku In Chosen: CHOSEN HOTEL Keljo (Seoul) Free Dtttrlbtttlon! tio-psee Handy tary, care ot Irallic Department, Imperial Government Railways, Tokyo. Isndty.'nlverelty, where It has Utn sua. cessfully converted Into fabrics, Cloth was woven with a inlxturs cotisliiin half of artificial wool and half of Ml, ural wool, tin product resembling twrti The cloth, according to Prof. A, ' Marker, head of the department ten. rerned, would prove serviceable for men's wear or for wear by women who fancy cMh resembling homespun , Prof, narker declares that artlflcii wool will have results rorreipondin ia those of artificial silk, hut pure wool will not I ousted from the market any more than pure allk has beta It can. not be assumed (hat people will prf,r fabrics of artificial wool to tho ad 0i natural wool, The artificial wool hsw. ever, should be much cheaper than nit. ural wool and It may bo- found to hv wearlnn qualities Fpreign Banking Since 1864 Established in 184, the Danco National Ultra marlno has pursued a con sistent policy of steady growth until now Its sev. enty branch offices cover the important world mar kets, particularly the Por tuguese speaking coun tries, and Its resources ex ceed $1,159,000,000, at par of exchange. We shall be glad of the opportunity to serve American mer chants, manufacturers and bankers through our New Yok Agency. The State Bank of the Portuguese Colonies BANCO NACIONAL ULTiWIARINO New York Ajenc;, S3 Liberty Street Joseph McCurrach, Agent Head Ofncei Lisbon, Portugal ' 87 Front Street Seattle Portland , Englanc Important Citiet World --l Association OSAKA Osaka Hotel SHIMONOSEKI San-yo Hotel SHIZUOKA Daitokwaa. Hotel TOKYO Imperial Hotel ' Tokyo Station Hotel Tsuklji Seiyoken Hotel YOKOHAMA Grand Hotel In Manchuria: YAMATO HOTEL Changchun YAMATO HOTEL Dalren YAMATO HOTEL Hoshlgaura YAMATO HOTEL Hoten (Mukden) YAMATO HOTEL Ryojun (Port Arthur) f FUSAN STATION" HOTEL Fusan SHINGISHU STATION HOTEL Shinelahu Guide Boole to Japan. Apply to Secre (sMsasM4SJM to tho.c h1' aw 1 ' ' - I . 4 j-