$14,000 from 2,000 Depositors The result of the first week's campaign in Shanghai for savings for the purpose of redeeming the Shantung Railway was considered gratifying by the Committee on Redemption of the Shantung Railway. There are 48 banks in Shanghai which are authorized to receive savings, but so far only 38 banks have reported the amounts they received during the first week ending May 20, to the Committee. According to the reports received, a total amount of about $14,000 has been received as savings deposits. This amount, it is pointed out by the banks, though not large, represents the first week's savings of the common people for the redemption purpose. It is believed that this. amount will be considerably larger, when the amounts received by the other ten banks are known and added together.
Text read from the printed page and cleaned; old type leaves the occasional error.