The 'Fan Kwae' at Canton Before Treaty Days 1825-1844Hunter, William C.
History
The 'Fan Kwae' at Canton Before Treaty Days 1825-1844
Hunter, William C.
Guangzhou (China) -- Commerce; Guangzhou (China) -- Description and travel
The treasury in which all the cash and valuables were kept was under
his charge, which was no light matter, as with some houses the amount
of cash was extremely large, frequently over a million of dollars and
rarely under $150,000 to $200,000. During the dull season, from April to
October, the principal books of accounts, all important correspondence
and letter books were also deposited in it. For many years after
1824, no such thing as a copying machine was known; all copying was
done by hand, and this exacted greater care of business letters and
papers, while as no Banks existed in the old days, each house was its
own banker. The position of a Compradore was therefore one of great
responsibility, and I never knew of but one betraying the trust reposed
in him. Although his pay was comparatively small, say $250 or $300 per
annum (the pay of our own was raised to $500), his perquisites, from
sources which had long been in existence, and had become 'olo custom,'
were very important. As the balance of the American trade was greatly
in favour of China, large quantities of Spanish and Mexican dollars were
yearly imported to make up the deficiency arising from comparatively
little other import cargo. Teas and silks, and many minor articles
coming under the general head of 'Chow-chow,' were bought for cash.
Thus every ship from the United States brought largely of dollars at
times--as in the case of the 'Citizen,' $350,000, while in 1831 three
vessels alone brought $1,100,000. Added to these supplies, opium was
invariably sold for cash, and so were bills on London when they came
into use; consequently all this money passed primarily through the hands
of the Compradore. He derived a profit from the process of _shroffing_
which it underwent before being deposited in the treasury; but after
the goodness of a parcel and its exact amount were ascertained, he was
liable for any bad money that might afterwards be found amongst it. He
paid the Shroff one-tenth of a dollar per one thousand for examining
it, while the fixed charge by the Compradore was one-fifth. This formed
an important sum. Another one of his perquisites was five copper cash
(about a halfpenny) per dollar on all payments, no matter to whom or on
what account, of odd sums less than one thousand dollars, which charge
was borne by the payee. He also derived benefit from loans or advances
made to 'Outside' Chinese merchants (and from them) on contracts for
silks and other merchandise entered into with his employers, while on
all Factory supplies he received also a percentage. In the year 1823
occurred the first and only robbery by a Compradore that came under my
knowledge. He was in the service of one of the two most important of
the American houses, then occupying No. 3 of the Suy Hong. He had made
use of a large sum belonging to the firm for his own speculations, and
it was accidentally discovered. Mr. A----, the then chief of the house,
Public-domain text, read in full here on John Shaqi.
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