Through the Yang Tse Gorges Or Trade And Travel in Western China

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This is the chief Shansi bank and hong here : it has existed for 270 years, the chief managing the business from his native place, T'oi-yuen-Fu. These are the most re- spectable and strictly managed businesses in the empire ; their branches extend to every important city in the eighteen provinces, and their staff numbers several hundreds. I asked him how he accounted for one firm remaining in existence for nearly three centuries. He replied, " Our rule is strict ; our inside staff are all from ...Shansi, they are apprenticed, live in the hong, and are never allowed out after nine at night. " Chinese Banks. 241 He said the Southern mercantile establishments are more lax. These Shansi banks grant drafts for large sums upon their branches scattered all over the empire, and it is wonderful how, with the slow intercommunication, they manage their finances as they do. 1 In the afternoon I went for another stroll. Left the city by the nearest gate, the " T 'ai- ping Men, " or "Gate of Peace, " and descended 240 filthy steps, crowded with the usual water-carriers.

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