We are all familiar, too familiar, with the terms financial string gency," "restriction of banking facilities," "rationing of credit." They cover a multitude of the difficulties of the present day, and the business man often has reason to deplore them. Some there are, nevertheless, who may be uncertain of their import, and ignorant of their operation, A Chinese explanation, therefore, in relation to the present piece goods crisis, may be considered as throwing a tolerably clear light upon. the atfiject. According to our authority, it works thus: When a first-class piece deeds dealer goes to a native bank to arrange for credit, he receives the merest pittance. When a second-class dealer arrives he gets a cold refusal to his request for an advance. When a third-class dealer makes his appearance he is incontinently booted out. After such lucidity no one has the slightest excuse for doubt as to what financial string gency means.
Text read from the printed page and cleaned; old type leaves the occasional error.