The Honan Provincial Bank notes continue to depreciate, even in terms of the copper notes, put out by the same bank. Whereas the silver dollar brings 4300 cash in these copper notes, the paper dollar brings only 1700,' It is a common sight to see long queues of people waiting outside the bank for their turn to get to the exchange teller's wicket to convert the dollar notes into copper notes The reasoning seems to be that if the worst comes to the present—provincial authorities, the dollar notes may become valueless, but the copper notes, which is the currency of the poor man, will be protected: in some way that he may not be the loser.
Incidentally the province has been blessed with a two days' snowstorm that has brought joy to the hearts of all, saving—those who have to suffer the present inconveniences from the snow. The last snow-storm of some few weeks ago brought down the price of flour, and this one will have a similar effect, perhaps. This is the most snow that has visited Honan for some years.
Text read from the printed page and cleaned; old type leaves the occasional error.