The exactions and dishonesty of the officials impose a perpetual drain
upon the national exchequer. In the removal of this one great evil,
another serious obstacle to a more flourishing financial condition
would be surmounted. Unfortunately, the drought and famine of 1901,
added to the decrease in the revenues of 1902, created a discrepancy
of five million yen. If this deficit may be considered extraordinary,
no extenuating circumstances can excuse the supplementary losses of
revenue attributable to the personal peculations of the officials.
The stringency of the financial situation created by the famine drew
attention to the very large deficits, with which many of the more
important metropolitan and chief provincial officials were debited. The
inability of any of these gentry to disgorge their ill-gotten gains
resulted in their immediate prosecution at the instigation of the Finance
Minister, Yi Yong-ik. Ministers of State, governors of provinces,
prefects and inspectors were brought sharply to account by the execution,
banishment, or imprisonment of many offenders.
In such a moment the peculiar astuteness of Yi Yong-ik becomes
conspicuous. While he visited any official who was compromised with
the full penalties of the law, he himself executed, in his capacity of
Minister of Finance, a bluff by which he netted almost half a million yen
for the Imperial Treasury at one stroke. Yi Yong-ik arranged to buy the
ginseng crop from the ginseng farmers. This is a Government monopoly, and
the price was arranged at eight dollars a pound for sixty-three thousand
pounds’ weight, dried and undried. When the time came to pay, and he had
secured possession of the ginseng, Yi Yong-ik refused to give more than
one dollar a pound, alleging that the ginseng growers had misrepresented
the condition and weight of the consignment. In the meantime the ginseng
was sold; the money was appropriated, and the balance in the Treasury
correspondingly increased.
Upon another occasion, at a time when the discount of nickel against
yen gold was very low, Yi Yong-ik was instrumental in promoting the
presentation of a gift of two million dollars Korean to the Emperor. By
careful adjustment the value of the exchange, nickel currency as against
yen gold, hardened twenty points the day after the presentation. It is,
perhaps, unnecessary to point out that Yi Yong-ik occupied the interval
in disposing of the difference to the advantage of his master.
[Illustration: A SEOUL GATE.]
CHAPTER IX
Education—Arts and graces—Penal code—Marriage and divorce—The
rights of concubines—Position of children—Government
Public-domain text, read in full here on John Shaqi.
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