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
FOREIGN BANKING CORPORATION
56 Wall Street, New York
Capital (fttUu paid), $4,000,000
Surplus and Undivided Profits, $754,000
Transactions in Exchange
Travelers' Letters of Credit
Foreign Collections and Cheques
Transfers of Money
Advances against Collateral for the
Financing of Foreign Business
Chorion A. Holder, President
T. Fred Aspdcn, Vice-President
E. B. MncKcnzio, Secretary & Treasurer
L l if.
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
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.
Yokohama Specie Bank
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
Loa Ann les
Rio de Janeiro
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.
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
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
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
Saigon, Cochin China
THE SUN AND
PHILIPPINES FIGHT .
JM MMM LAW
Ilnlscd Tlmt Act
Crcntos n Monopoly for
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
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
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
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.
Entrance to the
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
SUFFER A SETBACK
Snbro Ts Taken From Them
and Arrogant Authority
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'
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.
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
mcB chop PAin.
WAsnivirroN. n n. H.n 10 .
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
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
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
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
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
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
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
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
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-
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
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
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
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).
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.
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,.
COTTON WASTE USED
. FOR ARTIFICIAL WOOL
l Announcement has been made that a
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
Ducnos Aires, Arjcntlns
Manila, Philippine Islands
Panama City, Panama
Port ou Prince, Haiti
Rio de Janeiro, Draill
Esnto Domlnco, Domini,
Agents and correspondents
in all the other important
commercial centers of the
S3 Broadway, Now York
Capital and Surplus Sa.4OO.003
Mitsui & Qo. Ltd.
65 Broads, N. Y. City
Raw Silk & Habutai, 25 Madison Ave.
Branches in Most
la Japta Proper:
MI Y ATI MA
In Taiwan (Formosa):
TAIWAN RAILWAY HOTEL
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
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
The State Bank of the
New York Ajenc;, S3 Liberty Street
Joseph McCurrach, Agent
Head Ofncei Lisbon, Portugal
' 87 Front Street
' Tokyo Station Hotel
Tsuklji Seiyoken Hotel
Ryojun (Port Arthur)
FUSAN STATION" HOTEL
SHINGISHU STATION HOTEL
Guide Boole to Japan. Apply to Secre
aw 1 ' ' - I .
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