On Colonialism (Classic Reprint)

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Excerpt from On ColonialismIn Shanghai the terror is extreme. Gold has advanced upwand of 25 per cent, being eagerly sought for hoarding, silver has so far disappeared that none could be obtained to pay the China dues on the British vessels requiring port clearance, and in consequence of which Mr. Alcock has consented to become responsible to the Chinese authorities for the payment of these dues, on receipt of East India Company's bills, or other approved securities. The scar city oi the' precious metals is one of the most unfavourable features, when viewed in reference to the immediate future of commerce, as this abstraction occurs precisely at that period when their use is most needed, to enable the tea and silk buyers to go into the interior and effect their purchases, for which a large portion of bullion is paid in advance, to enable the producers to carry on their operations.At this period of the year it is usual to begin making arrangements for the new teas, whereas at present nothing is talked of but the means of protecting person and property, all transactions being at a stand.If the means are not applied to secure the leaves in April and May, the early crop, which includes all the finer descriptions, both of black and green teas, will be as much lost as unreaped wheat at Christmas.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.