How the Foreign Settlement Developed Its Trade and Built Up Its Greatness 1 'The present economic digicultics tu Shanghai have ted to this examination of the' granth of Shanghat through three deco he's of tong ca! experience alied to pracieat mowed has Been conducted on
Sonar te Seay afard useful guidance to some of the problems now confronting Sdiimerce here. the ft aricte dear to-day oth: Shanghat Shanghai in September 1905 was witnessing the close of the Russo-Japanese War in which the casualties amounted to 400,000 on the Russian and 170,000 on the Japanese side.
'The influx of Russian refugees into Shanghai was fortunate for certain Tandlords and boarding-house keepers, some of whom were thereby saved in the nick' of time from mischance.
Representatives of firms importing wines and spirits had their godowns filled with beer and champagne. These were intended for the Russian army. "Since these stocks could not be sent by sea to Port Arthur, the caravan route via Jehol was resorted to and "ships of the desert," camels, brought this refreshment to. the [Russian front at the back of Mukden. Beer cost roughly $10 a case and sold for Roubles $0 to 100 per case of 4 Jdczen quarts. Champagne fetched any price at Harbin, then the "Paris jot the East."
'The British were engaged in Shipping, Insurance, Banking, Silk and 'Tea.' Other articles were handled by lather nationalities. principally German, whilst the French firms were the main exporters of Silk. \Taipans or managers earned from F600 to $1,000. In very fortunate cases there were young men in responsible positions earning a few thousand a month jas salary. this exposition of St. Michael's views.
It will be recalled that Eve took but little part in the negotiations, if they may be so called. In order to show Adam the prospects before mankind, Michael magically sent Eve to sleep while he and her husband ascended the Hill of Instruction. But before this step was taken, Eve ventured plaintively to express her regret at leaving Paradise, and her part in the future life of the couple was briefly expounded:
Lament not, Eve, but patiently resign What justly thou hast lost, nor set thy heart, Thus overfond, on thet which is mot On the Bund, anchored near the Pootung side, it was a familiar object to. see hulks storing opium.
The Japanese, who were at that time short of money on account of the war, were bringing in large lois of curios to sell in Messrs. L. Moore Co's autions.
Industries were represented _notably, by: Messrs, Jardine, Matheson Ca,' Lid. in cotton and silk. Mr. Charles Rayner. the anonymous and gracious donor of our present Country Hospital was the leading figure in the International Cotton Mill, Messrs, Arnhold, Karberg & Ca, ran the 'Soychee' Cotton Mill and" the Soy Loong Silk Filature. There were a few Chinese cotton mulls and the Japanese were not represented in this field at all. Americans, outside the Standard Oil Company, were not conducting much trade.
Text read from the printed page and cleaned; old type leaves the occasional error.