In his article on "The Rise and Decline of the Shansi Native Banks" Mr. W. K. Yang states—the banking business in Shanghai has a history of nearly 200 years. The development of the native banks may be conveniently divided into four period: 1. Origin—during the reign of Emperors Chia Ching and Tao Kuang (1796-1850) 2. Development—during the reign of Emperors Hsien Feng and Tung Chi (1851- 1874). 3. Prosperity—in the reign of Emperor Kuang Hsu up to the Boxer Rising to the establishment of the Republic (1900-1911).
As to their future development the writer concludes, it all depends upon whether the bankers will decide to swim with or against the current of modern banking.
Text read from the printed page and cleaned; old type leaves the occasional error.