Amoy, Jan. 26.
Two firms which trafismit "much money between Malaya, the Dutch Indies and Amoy have just declared themselves bankrupt: Sam Bee, with abilities of $100,000 and Tian Hin with liabilities of $80,000, Sam Bee had connections in "Rangoon, Penang, Kurla Lumpur, Singapore, Sourabaya and Manila, and had over 60 repre sentative dependent. firms scattered fever the Changchow district, Anhai the same firm way known as Chia Sai, in Changchow as Lim Cheong. "The 'Tian Hin business war connected with Sumatra by a central office at Medan, 'The Medan Chinese Chamber of 'Commerce has cabled the Amoy 'Chinese Chamber of Commerce asking that Medan creditors might parti cipate in any' assets available after their affairs are straightened out, Both firms collected money from business men and coolies in southern laces to ye transmitted to Ching in Payment of debts, or more often to support aged fathers, mothers, or wives left behind in' China. When silver was toe legal medium these firms flourished, They issued their own bank notes of $10, $5, $2 and '$l respectively. Since Government banks only issue notes, disaster fell upon both. The money they collected abroad was used for other purposes, generally for trading. For a number of years these adventures were unremunerative, but the firms could always carry on through the issue and acceptance of their notes among their connecting, dependent firms, But the crash was inevitable when the Government note-system ame into "operation and like all sue rashes it is the money of the poor and the aged that will be lost,
Text read from the printed page and cleaned; old type leaves the occasional error.