Run on a Peking Bank: The Copper Note Scandal Peking, Sept. 21.
The Government yesterday paid over the indemnity of G.$25,000 for the murder of Mr. Coltman. The case may now be considered settled.
This morning the local agencies of the China and South Sea Bank paid out nearly $200,000 in the course of a run which is variously ascribed to activities of anti-Government propagandists in the hope of embarrassing the Government and rendering the latter unable to tide over the festival knowing that Mr. Chang Hu was to sign to-day or to-morrow a loan agreement with representa tives of the South Sea, Talu, Chingcheng and Salt Banks. On the other hand it is suggested that the run was inspired by official circles in order to induce the aforementioned banks to make the desired advance.
The Chamber of Commerce and other public bodies have called the attention of the Government to the grave situation arising from the depreciation of the copper notes. They requested that a remedy should be found and demanded the punishment of Mr. Chang Ying-hua who is held responsible for the over-issue of the notes, failing which the people will take the matter into their own hands.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.