$20,000,000 Capital From Our Own Correspondent.
Hangchow, Nov. 2.
On October 29, at the Military Club, a strongly representative body of officials gathered to welcome, and hear the reports of the goodly number of returned "emigrants" after their visitation of the Shanmenwan distri The distinguished gathering includ" both Governors, and the most fluential amongst the merchant and gentry class, indeed, all who have' been' advocating—_ this scheme throughout the past year, The Civil Governor's words of welcome having been read, the meeting was thrown open for general discussion. The speeches of the foreign-trained strangers showed ability and enthusiasm. The audience were reminded that "from the Sung Dynasty onwards a steady stream of Chinese flowed west. In this Kuangtung had always taken the lead, and it is well known how progressive that province was in producing western manufactures. Now, Chekiang is rich in the same raw material, and the scheme now on hand at Shanmenwan to develop this will, it is earnestly hoped, ceive the disinterested sympathy of every man, woman and child calling themselves true patriots." The first thing is to open a bank into which the $20,000,000 capital should be put. This is already guaranteed." In the evening. the visitors were entertained by the Tuchun.
For the last two days the numbers of me~bers not forming 'A quorum, the Provincial As: sembly dissolved without doing business after the formal opening. This does not—sound consistent after the—enthus-irisin of the first day. Those who came expressed indignation at the erring absentees as, it was felt, the Assembly should be put en rapport' with the Shanmenwan development scheme.
The Reformer, Kang Vu-wei, has been staying in Dr. Main's house on Chess-Board Hill for a few days.
Text read from the printed page and cleaned; old type leaves the occasional error.