CHANG’S CURRENCY
NOT POPULAR IN MfI.TOA Press Association—By Telegraph—Copyright SHANGHAI, February 3. The peace of Manchuria is threatened by a financial panic as a result of a sudden drop in the Feng-piao paper currency issued by General Chang-tso-lm, which is not supported by silver reserves. , The authorities are employing highhanded measures to compel merchants to accept the Feng-piao currency, and numbers of exchange brokers have been executed for refusing it. One hundred shops have been closed, and hundreds of merchants are bankrupt. Troop riots were barely averted on the promise of payment in silver. The entire judicial personnel has resigned, and others are following. The city oi Mukden is filled with wild rumors. Chang-tso-lin is in a dilemma to know how to prevent the bankruptcy of the Manchurian Government.
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Evening Star, Issue 19783, 6 February 1928, Page 5
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129CHANG’S CURRENCY Evening Star, Issue 19783, 6 February 1928, Page 5
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