To the Editor of the "Norra-Cara Dany News."
Bim,—There have recently appeared in the Foreign newspapers statements or repetitions rumours emanating from Chinese sources aimed at damaging the reputation and standing of the Bank of China, and promoted, it would appear, by a certain section of the Chinese, It is, I believe, quite uncessary for me to say that the Yumours which have been published about a run on this Bank are entirely groundless, but rumours however baseless and improbable may cause anxiety in the minds of those who are not well informed and I would earnestly ask the foreign Press not to repeat any rumours or statements emanating from Chinese or other sources until the facto have been examined and the truth ascertained.
The attempt to damage this Bank's good name has, it appears, entirely failed, and no evil results have followed; the strength of the Bank's resources is such that any demands could be met without difficulty, but should this campaign continue it is impossible to foresee what effect it may have on the Shanghai money market. I would, therefore, ask the reading public to estimate at their true value rumours such as these. Should the authors of the rumours succeed in their campaign the evil results would not be confined to the Bank of China but would affect all other Chinese banks and consequently the commercial community of Shanghai, both native and foreign, a result which it is to the interest of every one to prevent.
Tam, eto, G. Passzni, Adviser to the Ministry of Finance.
Shanghai, March 2
Text read from the printed page and cleaned; old type leaves the occasional error.