"The plain facts are that today, and for some time past, there are no banking facilities in the Philippines for the ordinary man in the provinces—the man not involved in some sugar-central or other special project which mere selfish interest forces the banks to support. There is no money being put out, I am assured, in new loans in the provinces, no matter what the security may be.""
A telegram from Hongkong to the Chinese press states that the Yunnanese troops have captured Shuntak District, Kuangtung, and have executed the Magistrate, who was a staunch follower of Dr. Sun Yat-sen. The yamen guards were disarmed and all prisoners released. It is stated that the reason for this action on the part of the Yunnanese was to-get control of the gambling taxes of the district which amount to millions of dollars.
Text read from the printed page and cleaned; old type leaves the occasional error.