China in Transformation: By Archibald R. Colquhoun ... With Frontispiece ...
China in Transformation: By Archibald R. Colquhoun ... With Frontispiece ...
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Smith, who adds : " It is not every day that a governor officially informs an emperor that the laws of his empire are habit- ually violated by persons with whom the magistrates dare not inter- fere, but whom, on the other hand, they mollify with oil and suffi- cient money to induce them to part with their stolen copper." 258 THE CHINESE PEOPLE cause the mill-hands carry off the raw material stowed away in their clothes. The most important Chinese companies are machines for wholesale misappropri...a- tion of funds, a state of things which is always aggra- vated in cases where an official has a hand in the ma- nipulation. While such an all-sufficing explanation exists, it seems needless to seek for more speculative reasons for the want of enterprise of the Chinese, or for the well-known fact that they are willing to place their funds at low interest with foreign banks rather than trust their own countrymen on more tempting terms. This preference for foreign security, based on foreign integrity, is the principal lever by which the commercial, industrial, and financial resources of China will hereafter be developed.
What to read after China in Transformation: By Archibald R. Colquhoun ... With Frontispiece ...?
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To quickly assess the difficulty of the text, read a short excerpt:
Smith, who adds : " It is not every day that a governor officially informs an emperor that the laws of his empire are habit- ually violated by persons with whom the magistrates dare not inter- fere, but whom, on the other hand, they mollify with oil and suffi- cient money to induce them to part with their stolen copper." 258 THE CHINESE PEOPLE cause the mill-hands carry off the raw material stowed away in their clothes. The most important Chinese companies are machines for wholesale misappropri...a- tion of funds, a state of things which is always aggra- vated in cases where an official has a hand in the ma- nipulation. While such an all-sufficing explanation exists, it seems needless to seek for more speculative reasons for the want of enterprise of the Chinese, or for the well-known fact that they are willing to place their funds at low interest with foreign banks rather than trust their own countrymen on more tempting terms. This preference for foreign security, based on foreign integrity, is the principal lever by which the commercial, industrial, and financial resources of China will hereafter be developed.
What to read after China in Transformation: By Archibald R. Colquhoun ... With Frontispiece ...?
You can find similar books in the "Read Also" column, or choose other free books by Colquhoun, Archibald R. (Archibald Ross), 1848-1914 to read onlineMoreLess
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