Three departments, covering gear eral sffars, business, and shipping, an feeounts ofice anda cashier's once Have been created fin the company's Head fie, while from one to. secretaries will be employed to handle confidential "and. important, matters, 'Although the departmental chiefs can only be appointed with the approval the. Bimistey" of Communications, the general manager is empowered to employ' the generat oes sta.
Branches "of the. company are placed under the head office's contri, find sub-amies either under the near: ent branch or ce directly under the fiend effec, 'Branches and_sub-amices, however, are not permitted to adopt the sublet' aystem of transacting business, In cit. where either 8 branch or f sub-ofice has not been Colablished, agencies may "be aD~ pointed to handle the company's Bavtness on a commission Bast, but this can only be done upon peiltion by the general manager to, and on approval' by. the Miisiry "of Com-Iman one euvering nature and size of the staffs of both Complete regulations governing the iron ches and-sub-ofoes have been Jdrawit up, and although these ro to) 5) Bich appointments ave o be reported fe nppoinied by the general manager.
{o'ths government ofice for reference and asord purposes, Sinilory, the serio of salary, and wapes of the personnel of the head Gites, the branches, and. the. aube Stee; have fo. be submited t> the Miinstey of Communications for its Bpprevat, and while the company' duthorigt fo, coat abie ules. lations and bye-laws, these can lenterged after sanction as. been Peceived from the government oe. for 'American Gold'
Washington, Feb. 13, Admiration of the success of the Chinese currency system was (pressed by Mr, Henry Morgenthau, Secretary of the Treasury, at an inter vow to-day.
Me, Morgenthau, during the course of the talk, revealed that the total silver purchases of the United States Tyeasury from China, negotiated November, amounted to 0,000,000
As the Treasury pald the then prevailing world price of 6 cents, an unco, the transaction involved $3:
Mr. Morgenthau said that China kept a balance of the sum in New York, but recently requested the convvorsion of $10,000,000 into gold, which was the reason. for last Monday's cur marking of gold for export by the Federal Reserve Bank of New York.
He added that China could have! the remainder of the amount in gold at any time.
Text read from the printed page and cleaned; old type leaves the occasional error.